KGI Financial Holding

KGI Financial Holding, a financial intermediation services company headquartered in Taiwan, reported its carbon emissions for the fiscal year 2024, with a total of approximately 318,392,710 kg CO2e. This figure encompasses Scope 1, Scope 2 (market-based), and Scope 3 emissions.

In 2024, Scope 1 emissions amounted to approximately 1,525,410 kg CO2e, while Scope 2 emissions (market-based) were approximately 17,870,050 kg CO2e. Scope 3 emissions were substantial, with downstream leased assets contributing approximately 293,556,530 kg CO2e, and fuel and energy-related activities accounting for approximately 3,751,390 kg CO2e. Other notable Scope 3 categories included upstream leased assets at approximately 1,528,090 kg CO2e, and purchased goods and services at approximately 1,257,610 kg CO2e.

For context, KGI Financial Holding's Scope 1 and 2 emissions in 2023 were approximately 21,867,920 kg CO2e (market-based). In 2022, Scope 1 and 2 emissions were approximately 25,080,150 kg CO2e (market-based). In 2021, Scope 1 and 2 emissions totalled approximately 22,029,360 kg CO2e (market-based).

KGI Financial Holding has established significant climate commitments. The company is committed to reducing its commercial real estate loan portfolio's greenhouse gas emissions by 78.1% per square metre by 2034, using 2022 as the base year. Furthermore, they are committed to reducing greenhouse gas emissions from their electricity generation project finance portfolio by 81.9% per MWh by 2034, also from a 2022 base year.

KGI Financial Holding has also committed to a net-zero target by 2050, aligned with the Science Based Targets initiative (SBTi). They are a BA1.5 member, indicating their commitment to limiting global warming to 1.5°C, with a target year of 2030 for near-term emissions reductions and a commitment to net-zero by 2050. Their portfolio targets cover 50% of their total investment and lending by total assets as of 2022.