Union Bank of Taiwan Sustainability Profile
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 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.
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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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| 2023 | |
|---|---|
| Scope 1 | 439,393.9 |
| Scope 2 | 9,625,071.3 |
| Scope 3 | - |
How Carbon Intensive is Union Bank of Taiwan's Industry?
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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.
