Ctbc Bank Sustainability Profile
CTBC Bank Co., Ltd., commonly known as CTBC Bank, is a prominent financial institution headquartered in Taipei, Taiwan (TW). Established in 1966, the bank has grown to become a key player in the banking industry, with significant operations across Asia and the United States. CTBC Bank offers a diverse range of services, including personal banking, corporate banking, and wealth management, distinguished by its commitment to customer-centric solutions and innovative financial products. The bank has achieved notable milestones, such as expanding its international presence and receiving various accolades for its service excellence. With a strong market position, CTBC Bank continues to enhance its reputation as a trusted financial partner, leveraging technology and expertise to meet the evolving needs of its clients.
DitchCarbon Score
How does Ctbc Bank'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
Ctbc Bank's score of 34 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ctbc Bank's reported carbon emissions
In 2022, CTBC Bank reported total carbon emissions of approximately 43,725,000 kg CO2e, comprising 3,223,000 kg CO2e from Scope 1 and 40,502,000 kg CO2e from Scope 2 emissions. The bank's emissions data for 2023 is not available, but it is important to note that the bank operates under the umbrella of CTBC Financial Holding Co., Ltd., which may influence its climate commitments and reporting. CTBC Bank has not disclosed any specific reduction targets or initiatives as part of its climate strategy. The absence of SBTi (Science Based Targets initiative) reduction targets indicates that the bank has not yet committed to science-based emissions reduction goals. Furthermore, there are no reported climate pledges or significant reduction initiatives documented. The emissions data for previous years shows a slight fluctuation in total emissions, with 42,195,000 kg CO2e in 2021 and 41,906,000 kg CO2e in 2020. This data suggests a need for enhanced climate action and transparency in emissions reporting. As a current subsidiary of CTBC Financial Holding Co., Ltd., CTBC Bank's climate commitments may be aligned with broader corporate sustainability goals, although specific initiatives and targets remain unspecified at this time.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 3,596,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 38,310,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Ctbc Bank's Industry?
How Carbon Intensive is Ctbc Bank's Location?
Ctbc Bank'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.
Ctbc Bank 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.
