O Bank
O Bank, officially known as O Bank Co., Ltd., is a prominent financial institution headquartered in Taiwan (TW). Established in 2016, the bank has rapidly positioned itself within the digital banking sector, focusing on innovative financial solutions tailored for a tech-savvy clientele. With a strong operational presence across major urban centres in Taiwan, O Bank offers a range of services including personal banking, wealth management, and digital payment solutions. What sets O Bank apart is its commitment to leveraging technology to enhance customer experience, providing seamless online banking services that cater to the evolving needs of consumers. The bank has achieved notable milestones, including recognition for its user-friendly mobile app and robust security features. As a leader in the digital banking landscape, O Bank continues to redefine traditional banking practices, making it a key player in Taiwan's financial services industry.
DitchCarbon Score
How does O 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
O Bank's score of 38 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
O Bank's reported carbon emissions
In 2023, O Bank reported total carbon emissions of approximately 2,878,580 kg CO2e, comprising 287,070 kg CO2e from Scope 1, 2,471,590 kg CO2e from Scope 2, and 2,838,580 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their emissions reporting, covering all three scopes of emissions. In previous years, O Bank's emissions have shown fluctuations. For instance, in 2022, total emissions were about 4,300,000 kg CO2e, with Scope 1 emissions at 264,760 kg CO2e, Scope 2 at 2,760,600 kg CO2e, and Scope 3 at approximately 2,791,960 kg CO2e. The bank's emissions in 2021 were similar, with total emissions also around 3,463,000 kg CO2e. Despite these figures, O Bank has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. Their commitment to addressing climate change remains evident, but further details on actionable reduction strategies or pledges are currently unavailable. The bank's emissions intensity, measured as carbon emissions per unit of revenue, has been reported, indicating a focus on sustainable growth alongside emissions management.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,096,000 | 0,000,000 | 000,000.0 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 19,896,000 | 00,000,000 | 0,000,000.0 | 0,000,000.0 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000.0 | - | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
O Bank is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
