Far Eastern International Bank

Far Eastern International Bank, a Taiwan-headquartered financial institution in the "Services auxiliary to financial intermediation" industry, reported its most recent carbon emissions for 2023. Its total emissions were approximately 9.15 billion kg CO2e. This includes Scope 1 emissions of 306,880 kg CO2e, Scope 2 emissions (market-based) of 5,151,620 kg CO2e, and Scope 3 emissions of 9,150,810,000 kg CO2e. Notable Scope 3 categories include investments at approximately 9.14 billion kg CO2e, purchased goods and services at 7,810,000 kg CO2e, and capital goods at 3,241,000 kg CO2e.

Looking back, in 2022, the bank's Scope 1 emissions were 329,550 kg CO2e and Scope 2 emissions (market-based) were 5,292,760 kg CO2e. In 2021, these figures were 692,260 kg CO2e for Scope 1 and 5,825,990 kg CO2e for Scope 2 (market-based).

Far Eastern International Bank has set Science Based Targets initiative (SBTi) near-term targets classified as consistent with a 1.5°C warming scenario. These targets cover 13% of its total investment and lending by total assets as of 2023, with a target year of 2029 for the emissions from company operations (Scopes 1 and 2). The SBTi target also notes that required activities made up 16% of total investment and lending by total assets, while optional activities comprised 45% and out of scope activities 39%.