Hua Nan Financial Holdings Co Sustainability Profile
Hua Nan Financial Holdings Co., Ltd., commonly referred to as Hua Nan Financial, is a prominent financial services provider headquartered in Taipei, Taiwan (TW). Established in 1996, the company has grown to become a key player in the financial sector, offering a diverse range of services including banking, insurance, and investment management. With a strong presence in Taiwan and significant operations across Asia, Hua Nan Financial is recognised for its commitment to innovation and customer service. The company’s core offerings, such as retail banking and wealth management, are distinguished by their tailored solutions and robust risk management practices. Hua Nan Financial has achieved notable milestones, including consistent rankings among the top financial institutions in Taiwan, reflecting its solid market position and dedication to excellence in the industry.
DitchCarbon Score
How does Hua Nan Financial Holdings Co'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 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
Hua Nan Financial Holdings Co's score of 41 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hua Nan Financial Holdings Co's reported carbon emissions
In 2023, Hua Nan Financial Holdings Co., based in Taiwan (TW), reported total carbon emissions of approximately 23,915,640 kg CO2e, which includes 2,331,520 kg CO2e from Scope 1 and 20,590,120 kg CO2e from Scope 2 emissions. Additionally, their Scope 3 emissions included 1,754,180 kg CO2e from fuel and energy-related activities and 5,162,280 kg CO2e from upstream transportation and distribution. The company has committed to achieving net-zero emissions across all scopes by 2050, with interim targets set for 2024. This commitment is part of their alignment with the Science Based Targets initiative (SBTi), which underscores their long-term climate strategy. The SBTi targets are designed to ensure that their emissions reduction efforts are consistent with the latest climate science. Hua Nan Financial Holdings has demonstrated a proactive approach to climate commitments, reflecting a growing trend among financial institutions to address climate change impacts. Their emissions data and reduction targets are crucial for stakeholders seeking to understand the company's environmental impact and sustainability initiatives.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 1,333,850 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 15,361,390 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Hua Nan Financial Holdings Co's Industry?
How Carbon Intensive is Hua Nan Financial Holdings Co's Location?
Hua Nan Financial Holdings Co's Scope 3 Categories Breakdown
Hua Nan Financial Holdings Co's Scope 3 emissions, which increased by 16% last year and increased by approximately 69% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 23% of total emissions under the GHG Protocol, with "Upstream Transportation & Distribution" being the largest emissions source at 75% of Scope 3 emissions.
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Hua Nan Financial Holdings Co's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Hua Nan Financial Holdings Co has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Hua Nan Financial Holdings Co's sustainability data and climate commitments