Union Bank of Taiwan
Union Bank of Taiwan, also known as UBOT, is a prominent financial institution headquartered in Taipei, Taiwan (TW). Established in 1970, the bank has grown to become a key player in the Taiwanese banking sector, offering a wide range of services including personal banking, corporate finance, and wealth management. With a strong presence in major operational regions across Taiwan, Union Bank of Taiwan is recognised for its commitment to customer service and innovative financial solutions. The bank's core products, such as savings accounts, loans, and investment services, are designed to meet the diverse needs of its clientele, setting it apart in a competitive market. Notable achievements include a robust market position and a reputation for reliability, making Union Bank of Taiwan a trusted choice for individuals and businesses alike.
DitchCarbon Score
How does Union Bank of Taiwan'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
Union Bank of Taiwan's score of 19 is lower than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Union Bank of Taiwan's reported carbon emissions
In 2023, Union Bank of Taiwan reported total carbon emissions of approximately 777,638,000 kg CO2e. This figure reflects the bank's overall emissions without specific breakdowns into Scope 1, 2, or 3 categories, as no detailed scope data has been disclosed. In comparison, the bank's emissions for 2022 were significantly lower, at about 10,064,000 kg CO2e. Despite the substantial increase in emissions from 2022 to 2023, Union Bank of Taiwan has not set any specific reduction targets or initiatives, nor have they committed to any industry-standard climate pledges such as those from the Science Based Targets initiative (SBTi). The absence of reduction targets indicates a potential area for improvement in their climate strategy. The emissions data is not cascaded from any parent organization, and all figures are reported directly by Union Bank of Taiwan. The bank's revenue for 2023 was approximately USD 564,861,737, which correlates with a carbon emission intensity of 0.00645 kg CO2e per unit of revenue. Overall, while Union Bank of Taiwan has made strides in reporting its emissions, the lack of reduction commitments and the significant rise in emissions highlight the need for a more robust climate action plan.
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.
Union Bank of Taiwan is not participating in any 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.
