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 85% 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, headquartered in Vietnam, reported total carbon emissions of approximately 1,640 kg CO2e, comprising 100 kg CO2e from Scope 1 and 1,540 kg CO2e from Scope 2 emissions. This marks an increase from 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. Techcombank has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi). The bank's emissions data is not cascaded from any parent organization, indicating that these figures are independently reported. Despite the lack of formal reduction commitments, Techcombank is actively engaged in sustainability efforts, as evidenced by their annual sustainability reports. The bank's emissions per employee are reported at approximately 190 kg CO2e, reflecting their operational efficiency in relation to workforce size. Overall, while Techcombank has made strides in transparency regarding their emissions, further commitments and reduction strategies would enhance their climate action profile.
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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.
