Far Eastern International Bank

Far Eastern International Bank (TW): Climate Commitments and Carbon Emissions

In 2023, Far Eastern International Bank (FEIB), a financial services firm headquartered in Taiwan (TW), reported total greenhouse gas emissions of approximately 97.1 billion kg CO2e. This figure encompasses Scope 1, 2, and 3 emissions. The breakdown for 2023 includes Scope 1 emissions of approximately 306,880 kg CO2e, Scope 2 emissions of about 5,151,620 kg CO2e, and substantial Scope 3 emissions totalling approximately 91,508,100,000 kg CO2e. Significant Scope 3 contributors for FEIB in 2023 were investments (approximately 9,135,015,000 kg CO2e), purchased goods and services (approximately 7,810,000 kg CO2e), and capital goods (approximately 3,241,000 kg CO2e).

FEIB has demonstrated a commitment to climate action through its alignment with the Science Based Targets initiative (SBTi). The bank has set near-term targets classified as 1.5°C aligned, with a target year of 2029 for these operational emissions. FEIB's portfolio targets, as of 2023, cover 13% of its total investment and lending by total assets. The bank's reporting indicates that 16% of its investment and lending by total assets pertains to required activities, 45% to optional activities, and 39% to out-of-scope activities. FEIB has also committed to targets covering greenhouse gas emissions from its operations (Scopes 1 and 2) that are consistent with reductions needed to keep global warming to 1.5°C. In terms of emissions intensity, the carbon intensity for FEIB was reported as approximately 0.00043 tonnes CO2e per million USD of revenue for 2023.