Sinopac Financial Holdings
Sinopac Financial Holdings, a prominent player in the financial services sector, is headquartered in Taipei, Taiwan (TW). Established in 1992, the company has evolved into a comprehensive financial institution, offering a diverse range of services including banking, securities, and asset management. Sinopac is recognised for its innovative financial solutions tailored to meet the needs of both individual and corporate clients. With a strong presence in Taiwan and expanding operations across Asia, Sinopac Financial Holdings has achieved significant milestones, including strategic partnerships and technological advancements that enhance customer experience. The company’s core offerings, such as wealth management and investment services, are distinguished by their customer-centric approach and commitment to excellence. Sinopac's market position is bolstered by its reputation for reliability and integrity, making it a trusted choice in the competitive financial landscape.
DitchCarbon Score
How does Sinopac Financial Holdings'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 Services Auxiliary to 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
Sinopac Financial Holdings's score of 44 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sinopac Financial Holdings's reported carbon emissions
In 2023, Sinopac Financial Holdings, headquartered in Taiwan (TW), reported total carbon emissions of approximately 15,082,200 kg CO2e from Scope 1 and 2 sources, alongside about 3,468,710 kg CO2e from Scope 3 emissions. The breakdown of Scope 3 emissions includes significant contributions from fuel and energy-related activities (approximately 3,026,790 kg CO2e) and downstream transportation and distribution (about 2,151,820 kg CO2e). Sinopac has set ambitious climate commitments, including a long-term net-zero target by 2050, covering all scopes of emissions. Their portfolio targets currently encompass about 11% of total investment and lending by total assets as of 2021. The company is committed to aligning its operations with the Science Based Targets initiative (SBTi) standards, aiming for reductions consistent with limiting global warming to 1.5°C. In terms of historical emissions, there has been a noticeable fluctuation in emissions over the past few years. For instance, in 2022, total emissions were approximately 17,855,030 kg CO2e, indicating a reduction in 2023. The company is actively working towards further reductions and has set near-term targets for 2030, demonstrating a commitment to sustainable practices within the financial sector. Overall, Sinopac Financial Holdings is taking significant steps to address its carbon footprint and contribute to global climate goals, with a clear focus on transparency and accountability in its emissions reporting.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 954,920 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 22,029,810 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 218,710 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 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.
Sinopac Financial Holdings 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.
