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 29 is lower than 53% 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 2022, Taichung Commercial Bank Co. reported total carbon emissions of approximately 1,894,257 kg CO2e. This figure comprises 224,749 kg CO2e from Scope 1 emissions and 1,669,508 kg CO2e from Scope 2 emissions. Notably, the bank has not disclosed any Scope 3 emissions data for this year. Comparatively, in 2021, the bank's total emissions were approximately 2,366,648 kg CO2e, with Scope 1 emissions at 215,478 kg CO2e, Scope 2 emissions at 1,761,197 kg CO2e, and Scope 3 emissions at 389,972 kg CO2e. This indicates a reduction of about 472,391 kg CO2e from 2021 to 2022. Despite these reductions, Taichung Commercial Bank Co. has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions data is self-reported and does not cascade from any parent organisation, ensuring that the figures reflect its direct operational impact. Overall, while Taichung Commercial Bank Co. has made strides in reducing its carbon footprint, further commitments and targets could enhance its climate strategy and accountability.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 225,059.8 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 1,677,989.5 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 000,000 | - |
How Carbon Intensive is Taichung Commercial Bank Co's Industry?
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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.
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