Sinopac Financial Holdings Sustainability Profile
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 36 is higher than 55% 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 reported total carbon emissions of approximately 15,082,200 kg CO2e from Scope 1 and 15,401,450 kg CO2e from Scope 2. This marks a significant commitment to transparency in their climate impact, although no Scope 3 emissions data was disclosed for this year. In 2022, the company’s total emissions were about 26,365,100 kg CO2e, with Scope 1 emissions at approximately 1,353,370 kg CO2e and Scope 2 emissions at around 17,855,670 kg CO2e, alongside Scope 3 emissions of about 7,156,060 kg CO2e. This indicates a potential reduction in emissions from 2022 to 2023, particularly in Scope 2 emissions. Sinopac Financial Holdings has set ambitious climate commitments, including a net-zero target that encompasses all scopes of emissions. Their portfolio targets cover about 11% of total investment and lending by total assets as of 2021. The company is aligned with the Science Based Targets initiative (SBTi) and aims to meet near-term targets consistent with limiting global warming to 1.5°C by 2030. Overall, Sinopac Financial Holdings is actively working towards reducing its carbon footprint and enhancing its sustainability practices, reflecting a growing trend among financial institutions to address climate change proactively.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 22,835,050 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000 | 000,000 | - | - | - | - |
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Sinopac Financial Holdings's Scope 3 Categories Breakdown
Sinopac Financial Holdings's Scope 3 emissions, which decreased by 5% last year and decreased by approximately 5% since 2018, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 1% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Sinopac Financial Holdings's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Sinopac Financial Holdings has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Sinopac Financial Holdings's sustainability data and climate commitments