Yuanta Commercial Bank Co., Ltd Sustainability Profile
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.
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
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.
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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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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| 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?
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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.
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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.
