Yuanta Commercial Bank Co., Ltd
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 39 is higher than 90% 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 8,912,990 kg CO2e. This figure includes 569,680 kg CO2e from Scope 1 emissions and 8,343,320 kg CO2e from Scope 2 emissions. Notably, the bank's Scope 3 emissions were significantly high, reaching about 3,285,749,430 kg CO2e, indicating a substantial impact from its value chain activities. In previous years, the bank's emissions were as follows: in 2022, total emissions were about 9,245,390 kg CO2e; in 2021, approximately 10,024,220 kg CO2e; and in 2020, around 10,514,420 kg CO2e. The data shows a general trend of fluctuating emissions, with a notable decrease from 2020 to 2021. Despite these figures, Yuanta Commercial Bank has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of formal commitments may reflect a broader industry context where financial institutions are increasingly scrutinised for their environmental impact and climate strategies. Overall, while Yuanta Commercial Bank has made strides in reporting its emissions, the absence of clear reduction targets suggests an opportunity for the bank to enhance its climate commitments and align with industry standards for sustainability.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 624,730 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 8,391,040 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 | 000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Yuanta Commercial Bank Co., Ltd is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
