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 43.8 million kg CO2e. This figure includes 2,781,540 kg CO2e from Scope 1 emissions, 19,628,740 kg CO2e from Scope 2 emissions, and 21,376,820 kg CO2e from Scope 3 emissions. The company has demonstrated a commitment to reducing its carbon footprint, with a long-term target set for 2050 to achieve net-zero emissions across all scopes. TCFHC's portfolio targets cover about 14% of its total investment and lending by total assets as of 2021. The required activities accounted for 16% of this total, while optional activities made up 46%, and out-of-scope activities constituted 38%. The company has set near-term targets aligned with a 1.5°C pathway, aiming for significant reductions by 2030. This commitment is part of TCFHC's broader strategy to address climate change and align with global sustainability goals, reflecting its role as a financial institution in the banking and insurance sector.
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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 |
How Carbon Intensive is Taiwan Cooperative Financial Holding's Industry?
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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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Common questions about Taiwan Cooperative Financial Holding's sustainability data and climate commitments
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