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 61% 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 29.8 million kg CO2e. This figure includes 2,331,520 kg CO2e from Scope 1 emissions, 20,590,120 kg CO2e from Scope 2 emissions, and 6,916,460 kg CO2e from Scope 3 emissions. The company has demonstrated a commitment to reducing its carbon footprint, having set long-term net-zero targets through the Science Based Targets initiative (SBTi), aiming for all scopes by 2050. In 2022, the total emissions were approximately 26.1 million kg CO2e, indicating a rise in emissions in 2023. The breakdown for 2022 included 2,003,680 kg CO2e from Scope 1, 18,178,670 kg CO2e from Scope 2, and 5,961,120 kg CO2e from Scope 3. The increase in emissions from 2022 to 2023 highlights the ongoing challenges in achieving sustainability goals. Hua Nan Financial Holdings has committed to net-zero emissions, with targets established in 2023 and a deadline set for 2024 to align with the SBTi framework. This commitment reflects the company's proactive approach to addressing climate change within the financial sector, which is increasingly under scrutiny for its environmental impact.
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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?
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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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