Kings Town Bank Sustainability Profile
Kings Town Bank, also known as KTB, is a prominent financial institution headquartered in Taiwan (TW). Established in 1992, the bank has steadily expanded its operations across major regions in Taiwan, offering a comprehensive range of banking services. Specialising in retail banking, corporate finance, and wealth management, Kings Town Bank distinguishes itself through innovative financial solutions tailored to meet diverse customer needs. With a commitment to customer service and technological advancement, KTB has achieved significant milestones, including the introduction of digital banking platforms that enhance user experience. As a key player in the Taiwanese banking sector, Kings Town Bank is recognised for its strong market position and dedication to sustainable growth, making it a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Kings Town Bank'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
Kings Town Bank's score of 43 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kings Town Bank's reported carbon emissions
In 2023, Kings Town Bank, headquartered in Taiwan (TW), reported total carbon emissions of approximately 2,199,000 kg CO2e. This total comprises 304,000 kg CO2e from Scope 1 emissions and 1,892,000 kg CO2e from Scope 2 emissions. Notably, the bank has not disclosed any Scope 3 emissions data for this year. The bank's emissions data is cascaded from its parent company, SinoPac Financial Holdings Company Limited, which may influence its climate commitments and targets. However, Kings Town Bank has not established specific reduction targets or initiatives as part of its climate strategy, indicating a potential area for future development. In previous years, emissions were reported as follows: in 2022, total emissions were approximately 2,310,000 kg CO2e, and in 2021, they were about 2,140,000 kg CO2e. This trend suggests a need for enhanced climate action to achieve meaningful reductions. Overall, while Kings Town Bank has made strides in reporting its emissions, the absence of defined reduction targets highlights an opportunity for the bank to strengthen its climate commitments and align with industry standards.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 29,000 | 00,000 | 000,000 | 000,000 |
| Scope 2 | 2,315,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 00,000 | 0,000 | 0,000 |
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Kings Town Bank'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.
Kings Town Bank 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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