Far Eastern International Bank

Far Eastern International Bank (TW) reported approximately 91.7 billion kg CO2e in total emissions for the year 2023. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Scope 1 emissions amounted to approximately 306,880 kg CO2e, while Scope 2 emissions were approximately 5,151,620 kg CO2e. The largest contributor was Scope 3 emissions, totalling approximately 91.5 billion kg CO2e, with investments making up the most significant portion at approximately 9.1 billion kg CO2e.

In 2022, the bank's total emissions were approximately 5.6 million kg CO2e, consisting of approximately 329,550 kg CO2e for Scope 1 and approximately 5,292,760 kg CO2e for Scope 2. Scope 3 emissions were not disclosed for 2022. Previous years, from 2017 to 2021, show Scope 1 and 2 emissions ranging from approximately 1.06 million kg CO2e in 2018 to approximately 6.81 million kg CO2e in 2020.

Far Eastern International Bank has set near-term targets classified as 1.5°C consistent, with a target year of 2029, as confirmed by S&P Global. These targets cover greenhouse gas emissions from company operations (scopes 1 and 2). The bank's portfolio targets cover 13% of its total investment and lending by total assets as of 2023, with required activities making up 16% of its total investment and lending by total assets. Their commitment to emissions reduction is further evidenced by the S&P Global classification of their targets as being consistent with reductions required to keep warming to 1.5°C. The bank's reporting originates directly from Far Eastern International Bank Ltd.