Techcombank Sustainability Profile
Techcombank, officially known as Vietnam Technological and Commercial Joint Stock Bank, is a prominent financial institution headquartered in Hanoi, Vietnam. Established in 1993, Techcombank has grown to become a key player in the Vietnamese banking sector, offering a wide range of services including retail banking, corporate banking, and investment banking. With a strong presence across major cities in Vietnam, Techcombank is recognised for its innovative financial products and customer-centric approach. The bank's core offerings include personal loans, credit cards, and digital banking solutions, which are designed to meet the evolving needs of its diverse clientele. Techcombank's commitment to technology and service excellence has positioned it as one of the leading banks in the country, earning accolades for its robust financial performance and customer satisfaction.
DitchCarbon Score
How does Techcombank'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
Techcombank's score of 20 is lower than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Techcombank's reported carbon emissions
In 2024, Techcombank reported total carbon emissions of approximately 1,740 kg CO2e in Vietnam, comprising 1,640 kg CO2e from Scope 1 and 100 kg CO2e from Scope 2. This marks a slight increase in emissions compared to 2023, when the bank's emissions were about 1,410 kg CO2e, with 70 kg CO2e from Scope 1 and 1,340 kg CO2e from Scope 2. Despite these figures, Techcombank has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The bank's emissions data is not cascaded from any parent organisation, indicating that it operates independently in its reporting and climate commitments. Techcombank's commitment to sustainability is evident in its transparency regarding emissions, although further initiatives and targets would enhance its climate strategy.
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| 2024 | |
|---|---|
| Scope 1 | 100 |
| Scope 2 | 1,540 |
| Scope 3 | - |
How Carbon Intensive is Techcombank's Industry?
How Carbon Intensive is Techcombank's Location?
Techcombank'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.
Techcombank 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.
