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 46 is higher than 65% 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 TW, reported total carbon emissions of approximately 2,199,000 kg CO2e. This figure includes 304,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 1,892,000 kg CO2e from Scope 2 emissions, which are indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, the bank recorded 3,000 kg CO2e in Scope 3 emissions, which encompass all other indirect emissions not covered in Scope 2. Comparatively, in 2022, the bank's total emissions were about 2,310,000 kg CO2e, indicating a reduction of approximately 111,000 kg CO2e year-on-year. The breakdown for 2022 shows 306,000 kg CO2e from Scope 1 and 2,000,000 kg CO2e from Scope 2, with Scope 3 emissions at 4,000 kg CO2e. Kings Town Bank's emissions data is cascaded from its parent company, SinoPac Financial Holdings Company Limited, reflecting a commitment to transparency and accountability in its climate impact reporting. However, the bank has not set specific reduction targets or climate pledges as part of its sustainability initiatives. Overall, Kings Town Bank is actively monitoring its carbon footprint and has demonstrated a commitment to reducing emissions, aligning with industry standards for climate accountability.
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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 |
How Carbon Intensive is Kings Town Bank's Industry?
How Carbon Intensive is Kings Town Bank's Location?
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 not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
