Fubon Financial Sustainability Profile
Fubon Financial Holding Co., Ltd., commonly known as Fubon Financial, is a leading financial services provider headquartered in Taipei, Taiwan (TW). Established in 2001, the company has rapidly expanded its operations across Asia, particularly in Taiwan and China, solidifying its position in the financial industry. Fubon Financial operates primarily in banking, insurance, and asset management, offering a diverse range of core products and services that cater to both individual and corporate clients. Its unique approach combines innovative financial solutions with a strong commitment to customer service, setting it apart in a competitive market. With a robust market presence, Fubon Financial has achieved notable milestones, including recognition for its financial stability and customer satisfaction. The company continues to enhance its reputation as a trusted partner in the financial sector, driving growth and innovation in the industry.
DitchCarbon Score
How does Fubon Financial'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
Fubon Financial's score of 72 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fubon Financial's reported carbon emissions
In 2024, Fubon Financial Holdings reported total carbon emissions of approximately 4026000 kg CO2e for Scope 1, 41568000 kg CO2e for Scope 2, and 343024000 kg CO2e for Scope 3. This reflects a comprehensive approach to emissions reporting, covering all three scopes. Notably, the company has set ambitious targets to reduce its emissions: a 42% reduction by 2030, with specific goals of 5% for Scope 1 and 45.5% for Scope 2 emissions. Furthermore, Fubon aims for a significant 92.3% reduction by 2040, achieving a 100% reduction in Scope 2 emissions. Fubon has also committed to achieving net-zero emissions across all scopes by 2050, as part of its "Run For Green" initiative launched in 2021. This long-term strategy underscores the company's dedication to sustainability and its role in leading a green transition within the financial sector. Additionally, Fubon aims for a 30% reduction in both Scope 1 and Scope 2 emissions by 2030 from a 2020 baseline, with an interim target of a 16.9% reduction by 2024. The company's emissions data and reduction targets are consistent with the Science Based Targets initiative (SBTi), which validates their commitment to limiting global warming to 1.5°C. Fubon Financial Holdings is actively working towards these goals, demonstrating a proactive stance in addressing climate change and reducing its carbon footprint.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 700,540 | 000,000 | 000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 17,148,780 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | 000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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Fubon Financial's Scope 3 Categories Breakdown
Fubon Financial's Scope 3 emissions, which increased by 1% last year and increased significantly since 2017, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 26% of Scope 3 emissions.
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Fubon Financial'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.
Fubon Financial has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Fubon Financial's sustainability data and climate commitments