Fubon Financial Holding Co., Ltd., commonly known as Fubon Financial, is a leading financial services provider headquartered in Taipei, Taiwan (TW). Established in 2001, the company has rapidly expanded its operations across Asia, particularly in Taiwan and China, solidifying its position in the financial industry. Fubon Financial operates primarily in banking, insurance, and asset management, offering a diverse range of core products and services that cater to both individual and corporate clients. Its unique approach combines innovative financial solutions with a strong commitment to customer service, setting it apart in a competitive market. With a robust market presence, Fubon Financial has achieved notable milestones, including recognition for its financial stability and customer satisfaction. The company continues to enhance its reputation as a trusted partner in the financial sector, driving growth and innovation in the industry.
How does Fubon Financial'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.
Mean score of companies in the 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.
Fubon Financial's score of 83 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, Fubon Financial Holdings reported total carbon emissions of approximately 40,260,000 kg CO2e for Scope 1, 41,568,000 kg CO2e for Scope 2, and 33,029,000 kg CO2e for Scope 3, resulting in a combined total of about 115,857,000 kg CO2e. This marks a significant increase in emissions compared to 2023, where emissions were approximately 8,949,000 kg CO2e (Scope 1), 50,091,000 kg CO2e (Scope 2), and 34,312,000 kg CO2e (Scope 3), totalling around 93,352,000 kg CO2e. Fubon has set ambitious climate commitments, including a target to achieve net-zero emissions by 2050 as part of its "Run For Green" ESG initiative launched in 2021. The company aims to reduce its Scope 1 and Scope 2 emissions by 42% by 2030, with specific targets of a 5% reduction in Scope 1 and a 45.5% reduction in Scope 2 emissions. Additionally, Fubon plans to cut its emissions by 92.3% by 2040, achieving a 100% reduction in Scope 2 emissions. In the near term, Fubon has set a target to reduce total operational emissions by 16.9% by 2024, using 2020 as the baseline year. This includes a 2% reduction in Scope 1 and an 18.2% reduction in Scope 2 emissions. Furthermore, the company has committed to a 30% reduction in both Scope 1 and Scope 2 emissions by 2030 from the 2020 baseline. Fubon Financial Holdings is also a member of the Science Based Targets initiative (SBTi), with its portfolio targets covering 53% of its total investment and lending activities by monetary value as of 2019. The company is committed to aligning its operations with the 1.5°C climate goal, demonstrating its dedication to sustainable practices in the financial sector.
Access structured emissions data, company-specific emission factors, and source documents
2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|---|---|---|
Scope 1 | 4,315,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 2 | 47,406,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 3 | 731,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 |
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.
Fubon Financial 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.