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 42 is higher than 63% 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. This figure includes 2,781,540 kg CO2e from Scope 1 emissions and 19,628,740 kg CO2e from Scope 2 emissions (market-based). Additionally, TCFHC's Scope 3 emissions amounted to about 8,269,510 kg CO2e, with significant contributions from categories such as employee commute (6,789,370 kg CO2e) and capital goods (8,269,510 kg CO2e). TCFHC has set ambitious climate commitments, including a long-term net-zero target by 2050, covering all scopes of emissions. Their portfolio targets aim to encompass 14% of total investments and lending by total assets as of 2021. The company has also established near-term targets aligned with the 1.5°C pathway, with specific goals set for 2027 and 2030. The emissions data is independently reported by TCFHC, with no cascaded data from parent organizations. The company is committed to reducing greenhouse gas emissions in line with industry standards and has made significant strides in understanding and managing 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 |
How Carbon Intensive is Taiwan Cooperative Financial Holding's Industry?
How Carbon Intensive is Taiwan Cooperative Financial Holding's Location?
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.
