Shin Kong Life

Shin Kong Life's reported carbon emissions

Shin Kong Life, headquartered in Taiwan (TW), is actively engaged in climate action, with recent emissions data available for 2024. In 2024, the company reported total Scope 1 and Scope 3 emissions amounting to approximately 1.59 billion kg CO2e. Specifically, Scope 1 emissions were approximately 5.64 billion kg CO2e, and Scope 3 emissions included approximately 1.59 billion kg CO2e from investments and 63.21 million kg CO2e from purchased goods and services. For 2023, Shin Kong Life reported total Scope 1 and Scope 2 emissions of approximately 13.95 million kg CO2e. This comprised Scope 1 emissions of approximately 1.46 million kg CO2e and Scope 2 emissions of approximately 12.48 million kg CO2e. Looking at their reduction initiatives, Shin Kong Life has established near-term targets. Based on a 2022 baseline, the company aims to reduce Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030. Additionally, they aspire to achieve carbon neutrality at their headquarters and major office locations by 2030. A broader group-wide carbon emission reduction target of 20% compared to the baseline year by 2027 has also been set. It is noted that Shin Kong Life's emissions data is cascaded from Shin Kong Life Insurance Co., Ltd., as part of a merged entity. SBTi and CDP initiatives are sourced from Taishin Financial Holding Co., Ltd., at cascade level 2.