Taiwan Cooperative Financial Holding Sustainability Profile
Taiwan Cooperative Financial Holding Co., Ltd. (TCFHC), headquartered in Taipei, Taiwan, is a prominent player in the financial services industry. Established in 2004, TCFHC has rapidly evolved, becoming a key provider of banking, insurance, and investment services across Taiwan and beyond. The company is renowned for its cooperative banking model, which emphasises community support and sustainable growth. TCFHC offers a diverse range of products, including personal and corporate banking solutions, insurance products, and wealth management services, all designed to meet the unique needs of its clients. With a strong market position, TCFHC has achieved significant milestones, including numerous awards for customer service excellence and innovation in financial products. Its commitment to cooperative principles and community development sets it apart in the competitive financial landscape.
DitchCarbon Score
How does Taiwan Cooperative Financial Holding'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 Financial Holding's score of 45 is higher than 64% 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 Financial Holding's reported carbon emissions
In 2023, Taiwan Cooperative Financial Holding (TCFHC) reported total carbon emissions of approximately 27,815,540 kg CO2e across all scopes. This includes 2,781,540 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 19,628,740 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. Additionally, TCFHC's Scope 3 emissions totalled about 8,269,510 kg CO2e, encompassing various categories such as capital goods, employee commuting, and business travel. TCFHC has set ambitious climate commitments, including a long-term target to achieve net-zero emissions by 2050, as part of its Science Based Targets initiative (SBTi) commitments. The organisation's portfolio targets cover approximately 14% of its total investment and lending by total assets as of 2021. Notably, required activities constituted 16% of TCFHC's total investment and lending, while optional activities made up 46%, and out-of-scope activities accounted for 38%. The financial institution is committed to aligning its greenhouse gas emissions reductions from company operations (Scopes 1 and 2) with the necessary reductions to limit global warming to 1.5°C. TCFHC's near-term targets include a commitment to set specific reduction goals by 2027, further demonstrating its dedication to addressing climate change and reducing its carbon footprint.
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| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 259,300 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 3,843,470 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | 00,000,000 |
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Taiwan Cooperative Financial Holding's Scope 3 Categories Breakdown
A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 49% of total emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 39% of Scope 3 emissions.
Top Scope 3 Categories
Taiwan Cooperative Financial Holding'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 Financial Holding 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 Taiwan Cooperative Financial Holding's sustainability data and climate commitments