Taipei Fubon Commercial Bank Co., Ltd. Sustainability Profile
Taipei Fubon Commercial Bank Co., Ltd., commonly referred to as Fubon Bank, is a prominent financial institution headquartered in Taipei, Taiwan (TW). Established in 1961, the bank has grown to become a key player in the banking industry, offering a wide range of services including personal banking, corporate banking, and wealth management. Fubon Bank is renowned for its innovative financial products, such as tailored loan solutions and comprehensive investment services, which cater to both individual and corporate clients. With a strong market position, the bank has achieved notable milestones, including recognition for its customer service excellence and digital banking initiatives. Operating primarily in Taiwan, Fubon Bank also extends its services to major regions across Asia, solidifying its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Taipei Fubon Commercial Bank Co., Ltd.'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
Taipei Fubon Commercial Bank Co., Ltd.'s score of 52 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Taipei Fubon Commercial Bank Co., Ltd.'s reported carbon emissions
In 2024, Taipei Fubon Commercial Bank Co., Ltd. reported total carbon emissions of approximately 334,522,390 kg CO2e, with Scope 1 emissions at about 8,637,550 kg CO2e and Scope 2 emissions at approximately 325,884,840 kg CO2e. The bank has set ambitious reduction targets, aiming for a 20% reduction in both Scope 1 and Scope 2 emissions by 2025, using 2020 as the base year. Additionally, the bank is committed to achieving net-zero emissions by 2050, aligning with the 1.5ºC climate goal. In 2023, the bank's total emissions were approximately 326,468,040 kg CO2e, with Scope 1 emissions at about 8,373,350 kg CO2e and Scope 2 emissions at approximately 318,094,690 kg CO2e. The emissions data is cascaded from its parent company, Fubon Financial Holding Co., Ltd., which oversees the bank's sustainability initiatives and targets. Taipei Fubon Commercial Bank's climate commitments reflect a proactive approach to reducing its carbon footprint and contributing to global climate goals. The bank's focus on both short-term and long-term targets demonstrates its dedication to sustainability and responsible banking practices.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 667,960 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 17,713,220 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | 0,000,000,000 |
How Carbon Intensive is Taipei Fubon Commercial Bank Co., Ltd.'s Industry?
How Carbon Intensive is Taipei Fubon Commercial Bank Co., Ltd.'s Location?
Taipei Fubon Commercial Bank Co., Ltd.'s Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
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Taipei Fubon Commercial Bank Co., Ltd.'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.
Taipei Fubon Commercial Bank Co., Ltd. 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.
