Taiwan Cooperative Bank, Ltd. Sustainability Profile
Taiwan Cooperative Bank, Ltd. (TCB) is a prominent financial institution headquartered in Taipei, Taiwan. Established in 1946, TCB has played a pivotal role in the banking sector, primarily serving the needs of local communities and cooperatives across Taiwan. The bank operates extensively throughout the island, focusing on retail banking, corporate finance, and agricultural loans. TCB offers a diverse range of core products and services, including savings accounts, personal loans, and investment services, distinguished by their commitment to customer-centric solutions and community development. With a strong market position, TCB has achieved notable milestones, including recognition for its sustainable banking practices and contributions to local economic growth. As a trusted partner in Taiwan's financial landscape, Taiwan Cooperative Bank continues to uphold its mission of fostering cooperative values and supporting the financial well-being of its customers.
DitchCarbon Score
How does Taiwan Cooperative Bank, 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
Taiwan Cooperative Bank, Ltd.'s score of 23 is lower than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Taiwan Cooperative Bank, Ltd.'s reported carbon emissions
Taiwan Cooperative Bank, Ltd., headquartered in Taiwan (TW), currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The bank's climate commitments and reduction initiatives are inherited from its parent company, Taiwan Cooperative Financial Holding Co., Ltd., which operates at a cascade level of 1. While there are no documented reduction targets or specific climate pledges from Taiwan Cooperative Bank, it is essential to note that the overarching climate strategies and initiatives from its parent organisation may influence its environmental performance. The bank's commitment to sustainability aligns with industry standards, although specific metrics and targets are not available at this time. As a current subsidiary, Taiwan Cooperative Bank is expected to adhere to the climate commitments set forth by Taiwan Cooperative Financial Holding Co., Ltd., which may include participation in initiatives such as the Science Based Targets initiative (SBTi) and the Carbon Disclosure Project (CDP). However, without specific emissions data or reduction targets, the bank's individual climate impact remains unclear.
How Carbon Intensive is Taiwan Cooperative Bank, Ltd.'s Industry?
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Taiwan Cooperative Bank, 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.
Taiwan Cooperative Bank, 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.
