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 82% 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 10,064,465.2 kg CO2e. This figure comprises 439,393.9 kg CO2e from Scope 1 emissions and 9,625,071.3 kg CO2e from Scope 2 emissions. Notably, there is no reported data for Scope 3 emissions. The bank has not established specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). This lack of formal commitments suggests that Union Bank of Taiwan may be in the early stages of developing a comprehensive climate strategy. Overall, while the bank has made strides in reporting its emissions, further action and commitment to reduction targets will be essential for aligning with industry standards and addressing climate change effectively.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | - | 000,000.0 |
| Scope 2 | - | 0,000,000.0 |
| Scope 3 | - | - |
How Carbon Intensive is Union Bank of Taiwan's Industry?
How Carbon Intensive is Union Bank of Taiwan's Location?
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.
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