Fubon Financial

Fubon Financial's reported carbon emissions

Fubon Financial Holdings, headquartered in TW and operating within financial intermediation services, except insurance and pension funding services, reported total GHG emissions of approximately 421,950,000 kg CO2e in 2024. This figure encompasses Scope 1, Scope 2 (market-based and location-based), and Scope 3 emissions. Scope 1 emissions for 2024 were approximately 4,026,000 kg CO2e, while Scope 2 emissions totalled approximately 41,568,000 kg CO2e. Scope 3 emissions, comprising a significant portion, amounted to approximately 343,024,000 kg CO2e in 2024, with downstream leased assets being a major contributor. In 2023, Fubon Financial Holdings reported total emissions of approximately 409,632,000 kg CO2e, with Scope 1 at approximately 8,949,000 kg CO2e, Scope 2 at approximately 50,091,000 kg CO2e, and Scope 3 at approximately 340,552,000 kg CO2e. Fubon Financial Holdings has established ambitious climate commitments, aiming for net-zero emissions by 2050. This long-term goal is supported by several intermediate targets. The company aims to reduce Scope 1 and Scope 2 emissions by 16.9% by 2024, using 2020 as the baseline year. Further, Fubon has committed to a 30% reduction in Scope 1 and Scope 2 emissions by 2030, compared to their 2020 baseline. The Science Based Targets initiative (SBTi) has confirmed that Fubon Financial Holdings' targets for Scopes 1 and 2 emissions are consistent with limiting global warming to 1.5°C. In addition to operational emissions, Fubon Financial Holdings is also committed to transitioning its investment portfolios to net zero greenhouse gas emissions by 2050. The company is actively pursuing these goals, with reports indicating progress towards near-term targets.