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 46 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Shin Kong's reported carbon emissions
In 2023, Shin Kong Financial Holding Co., Ltd. reported total carbon emissions of approximately 28,794,780 kg CO2e, comprising 3,479,890 kg CO2e from Scope 1, 25,183,230 kg CO2e from Scope 2, and 2,234,238,160 kg CO2e from Scope 3 emissions. This reflects a commitment to transparency in their emissions reporting, covering all relevant scopes. Over the years, Shin Kong has demonstrated a proactive approach to climate commitments. The company has set long-term net-zero targets, aiming to cover 39% of its total investment and lending by total assets by 2022. This includes required activities making up 39%, optional activities at 29%, and out-of-scope activities at 32%. Their targets align with the Science Based Targets initiative (SBTi), ensuring that their emissions reductions are consistent with the goal of limiting global warming to 1.5°C. Shin Kong's emissions intensity has varied, with figures such as 2,992 kg CO2e per employee in 2020 and 2,040 kg CO2e per employee in 2019, indicating a focus on improving operational efficiency and reducing carbon footprints. The company is committed to ongoing reductions and has established a framework for monitoring and reporting its progress towards these ambitious climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,831,940 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 29,866,510 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 2,508,422,750 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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 committed to some 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.
