Shin Kong
Shin Kong Financial Holding Company, commonly referred to as Shin Kong, is a prominent player in the financial services industry, headquartered in Taipei, Taiwan (TW). Established in 2001, the company has rapidly expanded its operations across major regions in Taiwan and beyond, solidifying its position in the market. Shin Kong offers a diverse range of financial products and services, including insurance, banking, and investment solutions. Its unique approach combines innovative technology with customer-centric strategies, setting it apart from competitors. Notable achievements include a strong market presence and recognition for its commitment to financial stability and customer service excellence. With a focus on sustainable growth and a robust portfolio, Shin Kong continues to enhance its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Shin Kong'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
Shin Kong's score of 35 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shin Kong's reported carbon emissions
In 2021, Shin Kong Financial Holding Co., Ltd. reported total greenhouse gas emissions of approximately 30,166,670 kg CO2e (Scope 1 and 2 combined, market-based) and 4,920,170 kg CO2e (Scope 3). The breakdown of emissions includes 2,915,240 kg CO2e from Scope 1 and 27,251,430 kg CO2e from Scope 2 (market-based). The company has set ambitious carbon reduction targets, aiming for a 2% annual reduction in Scope 1 and Scope 2 emissions, using 2019 as the baseline year, with a goal to achieve this by 2025. Additionally, Shin Kong has committed to a long-term net-zero target, with plans to cover all scopes of emissions by 2050. Their near-term targets are aligned with the Science Based Targets initiative (SBTi), which aims to limit global warming to 1.5°C. As of 2022, their portfolio targets cover 39% of total investment and lending by total assets, indicating a significant commitment to sustainable finance. Overall, Shin Kong's climate strategy reflects a proactive approach to reducing carbon emissions and contributing to global climate goals, with clear metrics and timelines for accountability.
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| 2020 | 2021 | |
|---|---|---|
| Scope 1 | 2,831,940 | 0,000,000 |
| Scope 2 | 29,866,510 | 00,000,000 |
| Scope 3 | 5,294,830 | 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.
Shin Kong is participating in some of the initiatives that 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.
