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 37 is higher than 88% 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, comprising 569,680 kg CO2e from Scope 1 and 8,343,320 kg CO2e from Scope 2 emissions. The bank's Scope 3 emissions were significantly higher, with capital goods contributing about 727,142,050 kg CO2e, followed by purchased goods and services at approximately 1,349,865,310 kg CO2e. The bank's emissions have shown fluctuations over the years, with a total of about 9,245,390 kg CO2e in 2022 and 10,024,220 kg CO2e in 2021. Notably, Scope 1 and 2 emissions have decreased from 10,514,420 kg CO2e in 2020 to the current figure, indicating a potential commitment to reducing operational emissions. Despite these figures, Yuanta Commercial Bank has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests that while the bank is aware of its carbon footprint, it may still be in the early stages of formalising its climate commitments. Overall, Yuanta Commercial Bank's emissions profile highlights the significant impact of Scope 3 emissions, particularly from capital goods and purchased services, which are critical areas for future reduction efforts.
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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 |
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.
