Sinopac Financial Holdings

Sinopac Financial Holdings's reported carbon emissions

Sinopac Financial Holdings, headquartered in TW and operating in Services auxiliary to financial intermediation (67), reported significant emissions in 2024, with total emissions reaching approximately 20.4 billion kg CO2e. This figure is predominantly driven by Scope 3 emissions, which amounted to about 19.9 billion kg CO2e, including substantial contributions from investments (approximately 15.9 billion kg CO2e) and the use of sold products (approximately 3.8 billion kg CO2e). In 2023, Sinopac Financial Holdings reported total emissions of approximately 16.9 billion kg CO2e, comprising about 1.5 million kg CO2e of Scope 1 emissions and approximately 15.4 million kg CO2e of Scope 2 emissions. For the same year, Scope 3 emissions were not explicitly detailed as a total, though categories like 'investments' and 'use of sold products' were reported in 2024. The company has established climate commitments, including a target to reduce absolute Scope 1 and 2 GHG emissions by 29.4% by 2027, using a 2021 baseline. Sinopac Financial Holdings is also committed to net-zero emissions, with a long-term target aiming for 2050. Their portfolio targets, as of 2021, were set to cover 11% of their total investment and lending by total assets, with required activities making up 12% of this. In 2022, they were identified as a BA1.5 member.