Taichung Commercial Bank Co Sustainability Profile
Taichung Commercial Bank Co., Ltd., commonly referred to as Taichung Bank, is a prominent financial institution headquartered in Taichung, Taiwan. Established in 1946, the bank has grown to become a key player in the Taiwanese banking sector, with a strong presence in central and northern Taiwan. Specialising in a range of services, including personal banking, corporate finance, and wealth management, Taichung Bank is recognised for its customer-centric approach and innovative financial solutions. The bank's commitment to digital transformation has positioned it as a leader in the industry, enhancing customer experience and operational efficiency. With a solid market position and a reputation for reliability, Taichung Commercial Bank continues to achieve significant milestones, contributing to the economic development of the regions it serves.
DitchCarbon Score
How does Taichung Commercial Bank Co'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
Taichung Commercial Bank Co's score of 35 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Taichung Commercial Bank Co's reported carbon emissions
In 2023, Taichung Commercial Bank Co. reported total carbon emissions of approximately 57,231,000 kg CO2e. This figure includes 8,808,000 kg CO2e from Scope 1 emissions, 48,423,000 kg CO2e from Scope 2 emissions, and 33,464,000 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions breakdown includes 372,000 kg CO2e from business travel and 23,361,000 kg CO2e from employee commuting. The bank has committed to achieving net-zero emissions by 2050, as part of its long-term strategy, with specific targets set for both Scope 1 and Scope 2 emissions. This commitment was formalised through the signing of the latest version of the Science Based Targets initiative (SBTi) commitment letter in 2023. In comparison, the bank's emissions in 2022 were significantly lower, at about 1,894,257 kg CO2e, with Scope 1 and Scope 2 emissions contributing 224,749 kg CO2e and 1,669,508 kg CO2e, respectively. The substantial increase in emissions from 2022 to 2023 highlights the bank's ongoing challenges in managing its carbon footprint amidst growth. Taichung Commercial Bank Co. has not disclosed any Scope 3 emissions data for 2022, indicating a potential area for future reporting and improvement. The bank's climate commitments align with industry standards, reflecting a proactive approach to sustainability and environmental responsibility.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 225,059.8 | 000,000 | 000,000 | 000,000 | 000,000 | 0,000,000 |
| Scope 2 | 1,677,989.5 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | - | 000,000 | - | 00,000,000 |
How Carbon Intensive is Taichung Commercial Bank Co's Industry?
How Carbon Intensive is Taichung Commercial Bank Co's Location?
Taichung Commercial Bank Co's Scope 3 Categories Breakdown
Taichung Commercial Bank Co's Scope 3 emissions, which increased significantly last year and increased significantly since 2021, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 37% of total emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 70% of Scope 3 emissions.
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Taichung Commercial Bank Co'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.
Taichung Commercial Bank Co has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
