Cathay Financial Holding Co Ltd
Cathay Financial Holding's GHG Emissions Data Preview
In 2024, Cathay Financial Holding completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Cathay Financial Holding has also provided a category-level breakdown for 11 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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aVerified Sources Behind Cathay Financial Holding’s Greenhouse Gas (GHG) Emissions Data
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Insights into Cathay Financial Holding's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Cathay Financial Holding amounted to 69,943.765 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of Cathay Financial Holding increased by 5.83%, suggesting that the company faced challenges in reducing its emissions from its core operations. a
Cathay Financial Holding's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Cathay Financial Holding's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Cathay Financial Holding were 8,601.512 metric tons of CO₂ equivalent (tCO₂e). a
Has Cathay Financial Holding reduced its Scope 1 emissions over time?
Since 2020, Cathay Financial Holding's Scope 1 emissions have increased by 125.4%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), Cathay Financial Holding's Scope 1 emissions increased by 57.65%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Cathay Financial Holding's Scope 2 emissions?
In 2024, Cathay Financial Holding reported Scope 2 greenhouse gas (GHG) emissions of 61,342.253 tCO₂e using the market-based method. a
Has Cathay Financial Holding reduced its Scope 2 emissions over time?
Compared to the previous year (2023), Cathay Financial Holding's Scope 2 emissions (Market-Based) have remained relatively stable, indicating that Cathay Financial Holding 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Cathay Financial Holding use for Scope 2 reporting?
In 2024, Cathay Financial Holding reported its Scope 2 emissions using the market-based method. a
Cathay Financial Holding's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Cathay Financial Holding's Value Chain Emissions
In 2024, Cathay Financial Holding reported 13,289,265.46 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of Cathay Financial Holding includes a breakdown across 11 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Cathay Financial Holding's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Cathay Financial Holding's Scope 3 emissions?
In 2024, Cathay Financial Holding reported total Scope 3 emissions of 13,289,265.46 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 2.4% of these emissions originated from upstream activities such as purchased goods and capital goods, while 97.6% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Cathay Financial Holding reduced its Scope 3 emissions over time?
Since 2020, Cathay Financial Holding's Scope 3 emissions have increased by 72,604.31%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2023), Cathay Financial Holding's Scope 3 emissions remained relatively stable, indicating that Cathay Financial Holding 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does Cathay Financial Holding disclose?
In 2024, Cathay Financial Holding reported emissions for 11 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Cathay Financial Holding's Scope 3 emissions?
In 2024, the largest contributors to Cathay Financial Holding's Scope 3 emissions were: a
- Investments (Cat. 15): 12,970,006.23 tCO₂e (97.6%)
- Purchased Goods and Services (Cat. 1): 208,699.86 tCO₂e (1.57%)
- Capital Goods (Cat. 2): 38,987.2 tCO₂e (0.29%)
Cathay Financial Holding's Scope 3 Emissions by Categories
Insights into Cathay Financial Holding’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Cathay Financial Holding reported Scope 1 greenhouse gas (GHG) emissions of 8,601.512 tCO₂e and total revenues of USD 11,018 millions. This translates into an emissions intensity of 0.78 tCO₂e per millions USD. a
Cathay Financial Holding's Scope 1 Emissions Intensity Compared to Peers
How does Cathay Financial Holding's GHG emissions intensity compare to its peers?
In 2024, Cathay Financial Holding reported a Scope 1 emissions intensity of 0.78 tCO₂e per millions USD. Compared to the peer group median of 0.95 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Cathay Financial Holding rank on GHG emissions intensity within its industry?
In 2024, Cathay Financial Holding ranked 9 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
Cathay Financial Holding is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into Cathay Financial Holding's Total Carbon Footprint
In 2024, Cathay Financial Holding reported a total carbon footprint of 13,359,209.225 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.42% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Cathay Financial Holding's total carbon footprint was Scope 3 emissions, accounting for 99.48% of the company's total carbon footprint, followed by Scope 2 emissions at 0.46%. a