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Public Profile
Financial Intermediation
TW
updated 3 months ago

Union Bank of Taiwan Sustainability Profile

Company website

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.

22

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.

29

Industry Benchmark

Union Bank of Taiwan's score of 22 is lower than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.

28%

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Union Bank of Taiwan's reported carbon emissions

In 2023, Union Bank of Taiwan reported total carbon emissions of approximately 10,405,465 kg CO2e, comprising 439,393.9 kg CO2e from Scope 1 and 9,625,071.3 kg CO2e from Scope 2 emissions. This data reflects the bank's operational impact on climate change, with a revenue of about USD 564,861,737. The bank's emissions data for 2022 indicates a total of 4,309,000 kg CO2e, although specific breakdowns for Scope 1 and Scope 2 were not disclosed for that year. The reported carbon emission intensity for 2022 was approximately 0.0006566 TWD per unit of revenue. Union Bank of Taiwan has not set specific reduction targets or climate pledges, nor does it report on Scope 3 emissions. The absence of such commitments may reflect a broader industry context where financial institutions are increasingly scrutinised for their environmental impact and sustainability practices. Overall, while Union Bank of Taiwan has made strides in reporting its emissions, further commitments and transparency regarding reduction initiatives would enhance its climate strategy.

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Access structured emissions data, company-specific emission factors, and source documents

2023
Scope 1
439,393.9
Scope 2
9,625,071.3
Scope 3
-

How Carbon Intensive is Union Bank of Taiwan's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Union Bank of Taiwan's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Union Bank of Taiwan's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Union Bank of Taiwan is in TW, which we do not have grid emissions data for.

Union Bank of Taiwan'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.

Union Bank of Taiwan 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Union Bank of Taiwan's Emissions with Industry Peers

Citibank Taiwan Ltd.

TW
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 12 days ago

Dbs Bank

SG
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 9 days ago

JPMorgan Chase Bank, National Association

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 2 months ago

Standard Chartered Bank

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 9 days ago

Taiwan Cooperative Bank, Ltd.

TW
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 17 days ago

Cathay United Bank Co., Ltd.

TW
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 2 months ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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