Far Eastern International Bank
Far Eastern International Bank (FEIB), headquartered in Taiwan (TW), is a prominent player in the banking and financial services industry. Established in 1992, the bank has steadily expanded its operations across major regions in Asia, offering a diverse range of financial products and services tailored to meet the needs of both individual and corporate clients. FEIB is renowned for its core offerings, which include personal banking, corporate finance, and wealth management services. The bank distinguishes itself through innovative financial solutions and a commitment to customer service excellence. With a strong market position, FEIB has achieved notable milestones, including recognition for its robust financial performance and customer satisfaction. As a trusted financial institution, Far Eastern International Bank continues to play a vital role in the economic landscape of Taiwan and beyond.
DitchCarbon Score
How does Far Eastern International Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Far Eastern International Bank's score of 41 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Far Eastern International Bank's reported carbon emissions
In 2023, Far Eastern International Bank (FEIB) reported total carbon emissions of approximately 9,150,810,000 kg CO2e, with Scope 1 emissions accounting for about 306,880 kg CO2e. The bank's Scope 3 emissions were significantly higher, totalling approximately 9,150,500,000 kg CO2e, which includes substantial contributions from investments (about 9,135,015,000 kg CO2e) and purchased goods and services (approximately 7,810,000 kg CO2e). FEIB has set near-term targets aligned with the Science Based Targets initiative (SBTi), aiming to cover 13% of its total investment and lending by total assets as of 2023. The required activities for these targets constituted about 16% of the bank's total investment and lending, while optional activities made up approximately 45%. These targets are designed to be consistent with limiting global warming to 1.5°C. In 2022, FEIB's emissions were reported at approximately 5,622,310 kg CO2e for Scope 1 and 2 combined, with Scope 3 emissions at about 1,791,460 kg CO2e. This indicates a significant increase in emissions in 2023 compared to the previous year, particularly in Scope 3 categories. Overall, FEIB's commitment to reducing its carbon footprint reflects its recognition of the financial sector's role in addressing climate change, although specific long-term reduction targets have not been disclosed. The bank's emissions data is independently reported and not cascaded from any parent organization.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 103,200 | 000,000 | 00,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | - | - | - | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Far Eastern International Bank is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
