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Public Profile
Financial Intermediation
TW
updated 2 months ago

Yuanta Commercial Bank Co., Ltd Sustainability Profile

Company website

Yuanta Commercial Bank Co., Ltd., headquartered in Taiwan (TW), is a prominent player in the banking and financial services industry. Established in 1961, the bank has grown significantly, expanding its operations across major regions in Asia, including Taiwan and other key markets. Specialising in a range of financial services, Yuanta offers unique products such as personal banking, corporate finance, and wealth management solutions. The bank is recognised for its innovative approach to digital banking, enhancing customer experience through advanced technology. With a strong market position, Yuanta Commercial Bank has achieved notable milestones, including awards for excellence in customer service and financial performance. Its commitment to providing tailored financial solutions sets it apart in a competitive landscape, making it a trusted choice for individuals and businesses alike.

DitchCarbon Score

How does Yuanta Commercial Bank Co., Ltd'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.

37

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

Yuanta Commercial Bank Co., Ltd's score of 37 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.

58%

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Yuanta Commercial Bank Co., Ltd's reported carbon emissions

In 2023, Yuanta Commercial Bank Co., Ltd. reported total carbon emissions of approximately 8912990 kg CO2e, which includes 569680 kg CO2e from Scope 1 and 8343320 kg CO2e from Scope 2 emissions. The bank's Scope 3 emissions were significantly higher, totalling about 727142050 kg CO2e from capital goods, 98546250 kg CO2e from business travel, and 1349865310 kg CO2e from purchased goods and services, among other categories. Comparatively, in 2022, the bank's total emissions were about 9245390 kg CO2e, with Scope 1 emissions at 547930 kg CO2e and Scope 2 emissions at 8697460 kg CO2e. This indicates a slight reduction in total emissions year-on-year. Yuanta Commercial Bank's emissions data is cascaded from its parent company, Yuanta Financial Holding Co., Ltd., reflecting a corporate commitment to transparency in climate reporting. However, the bank has not set specific reduction targets or climate pledges as part of its sustainability initiatives. Overall, while Yuanta Commercial Bank has made strides in reporting its emissions, it currently lacks defined reduction targets, which is critical for aligning with industry standards and global climate commitments.

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2020202120222023
Scope 1
687,610
000,000
000,000
000,000
Scope 2
9,816,810
0,000,000
0,000,000
0,000,000
Scope 3
-
-
-
0,000,000,000

How Carbon Intensive is Yuanta Commercial Bank Co., Ltd's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Yuanta Commercial Bank Co., Ltd'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 Yuanta Commercial Bank Co., Ltd'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 Yuanta Commercial Bank Co., Ltd is in TW, which we do not have grid emissions data for.

Yuanta Commercial Bank Co., Ltd's Scope 3 Categories Breakdown

Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 42% of Scope 3 emissions.

Top Scope 3 Categories

2023
Purchased Goods and Services
42%
Fuel and Energy Related Activities
27%
Capital Goods
23%
Business Travel
3%
Employee Commuting
3%
Downstream Leased Assets
2%
Waste Generated in Operations
<1%

Yuanta Commercial Bank Co., Ltd'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.

Yuanta Commercial Bank Co., Ltd 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 Yuanta Commercial Bank Co., Ltd's Emissions with Industry Peers

Wealth Development Bank

PH
•
Funds, trusts, and financial vehicles
Updated 27 days ago

United Overseas Bank

SG
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 1 day ago

HSBC Bank plc

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 4 days ago

Standard Chartered Bank

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 10 days ago

JPMorgan Chase Bank, National Association

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

Hua Nan Commercial Bank

TW
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month 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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