Taiwan Cooperative Financial Holding
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 42 is higher than 67% 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, which covers direct emissions, and 19,628,740 kg CO2e from Scope 2, representing indirect emissions from energy consumption. Additionally, TCFHC's Scope 3 emissions amounted to 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. Their portfolio targets cover approximately 14% of total investments and lending by total assets as of 2021. The company has committed to near-term targets aligned with the Science Based Targets initiative (SBTi), aiming for reductions consistent with limiting global warming to 1.5°C. These targets include a commitment to address greenhouse gas emissions from company operations (Scopes 1 and 2) and are part of a broader strategy to enhance sustainability within the financial sector. Overall, TCFHC's emissions data and climate commitments reflect a proactive approach to addressing climate change, with a focus on significant reductions and alignment with global climate goals.
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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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Taiwan Cooperative Financial Holding is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
