Yuanta Commercial Bank Co., Ltd Sustainability Profile

In 2023, Yuanta Commercial Bank Co., Ltd. reported total carbon emissions of approximately 3.2 billion kg CO2e. This figure includes Scope 1 emissions of about 570,000 kg CO2e, Scope 2 emissions of approximately 8.3 million kg CO2e, and Scope 3 emissions totalling around 3.2 billion kg CO2e. The Scope 3 emissions are primarily driven by capital goods (about 727.1 million kg CO2e) and purchased goods and services (approximately 1.35 billion kg CO2e). The bank's emissions data reflects a commitment to transparency and accountability in its climate impact. However, there are currently no specific reduction targets or initiatives disclosed, such as those from the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests that while emissions are tracked, a formal strategy for reduction may not yet be in place. Yuanta Commercial Bank operates as a current subsidiary of Yuanta Financial Holding Co., Ltd., which may influence its climate commitments and reporting practices. The emissions data is cascaded from the parent company, ensuring alignment with broader corporate sustainability goals. Overall, Yuanta Commercial Bank's emissions profile highlights the significant impact of its operations, particularly in Scope 3 emissions, and underscores the need for strategic initiatives to address climate change effectively.