Shanghai Commercial And Savings Bank Sustainability Profile
Shanghai Commercial and Savings Bank (SCSB), a prominent financial institution headquartered in Taiwan, has been a cornerstone of the banking industry since its establishment in 1915. With a strong presence in major operational regions across Taiwan and beyond, SCSB offers a comprehensive range of services, including personal banking, corporate finance, and wealth management. Renowned for its commitment to customer service and innovative financial solutions, SCSB has achieved significant milestones throughout its history, solidifying its market position as a trusted banking partner. The bank's core products, such as savings accounts, loans, and investment services, are designed to meet the diverse needs of its clientele, setting it apart in a competitive landscape. With a focus on sustainability and community engagement, SCSB continues to uphold its reputation as a leader in the financial sector.
DitchCarbon Score
How does Shanghai Commercial And Savings 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
Shanghai Commercial And Savings Bank's score of 51 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shanghai Commercial And Savings Bank's reported carbon emissions
In 2023, Shanghai Commercial and Savings Bank (SCSB) reported total carbon emissions of approximately 8,392,000 kg CO2e, which includes 1,069,000 kg CO2e from Scope 1 and 7,323,000 kg CO2e from Scope 2 emissions. Additionally, Scope 3 emissions were significant, with investments contributing about 2,838,151,000 kg CO2e, alongside other categories such as employee commute and purchased goods and services. SCSB has set ambitious carbon reduction targets, aiming for a 3% annual decrease in Scope 1 and Scope 2 emissions from a 2022 baseline, with a target completion year of 2030. This commitment aligns with their long-term strategy to achieve net-zero emissions across all scopes by 2050, as part of their Science Based Targets initiative (SBTi) commitments. The bank's portfolio targets cover 12% of its total investment and lending by total assets as of 2022, indicating a proactive approach to integrating sustainability into their financial operations. Overall, SCSB's climate commitments reflect a robust framework for reducing carbon emissions and contributing to global climate goals, demonstrating their dedication to sustainable banking practices.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 81,600 | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 2 | 1,590,200 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Shanghai Commercial And Savings Bank's Industry?
How Carbon Intensive is Shanghai Commercial And Savings Bank's Location?
Shanghai Commercial And Savings Bank's Scope 3 Categories Breakdown
Shanghai Commercial And Savings Bank's Scope 3 emissions, which increased by 25% last year and increased by approximately 199% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
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Shanghai Commercial And Savings 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.
Shanghai Commercial And Savings 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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Frequently Asked Questions
Common questions about Shanghai Commercial And Savings Bank's sustainability data and climate commitments