CTBC Financial Holding Co Ltd

Common Name
CTBC Financial Holding
Country
Taiwan
Sector
Financial Services
Industry
Banks - Regional
Employees
25,373
Ticker
2891
Exchange
TAIWAN STOCK EXCHANGE
Description
CTBC Financial Holding Co., Ltd. is a leading financial holding company based in Taiwan. Its primary function is to provide a broad spectrum of financial services, including banking, insurance, and as...

CTBC Financial Holding's Climate Target Data Preview

As of 2023, CTBC Financial Holding has disclosed 10 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 4 absolute reduction targets and 6 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into CTBC Financial Holding ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2025
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2028
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2030
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2035
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2)
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced
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a
2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced
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b, a
2035
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Square Meter (m2)
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b, a
2035
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced
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b, a
2035
*. This target is limited in scope and does not represent the company's full operational or organizational boundaries
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Verified Sources Behind CTBC Financial Holding’s Climate Targets Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore CTBC Financial Holding’s data sources below and access millions more through our Disclosure Search.

a. CTBC Financial Holding's Sustainability Report 2023
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b. CTBC Financial Holding's Sustainability Report 2022
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Insights into CTBC Financial Holding's Greenhouse Gas Emissions Pathways

As of 2023, CTBC Financial Holding has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint. a b

Does CTBC Financial Holding have a target to reduce the emissions from its operations?

As of 2023, CTBC Financial Holding has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

CTBC Financial Holding's most ambitious operational target is to reduce these emissions by 63% by 2035, compared to a baseline of 42,195 Metric Tonnes of CO2 equivalent (mtCO2e) in 2021. a

Instead of reducing operational emissions, CTBC Financial Holding has increased them, with 2023 levels exceeding those of the 2021 baseline, placing the company well behind its reduction target. a

CTBC Financial Holding's Operational (Scope 1+2) Emissions Pathway

202120232025202820302035015 k30 k45 k60 kCurrent (+5%)Target 2025 (-18%)Target 2030 (-40%)Target 2035 (-63%)

Does CTBC Financial Holding have a target to reduce the emissions from its value chain?

As of 2023, CTBC Financial Holding has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol. a b

CTBC Financial Holding's most ambitious value chain target is to reduce these emissions by 85.7% by 2035, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced in 2021. a b

As of 2023, CTBC Financial Holding is lagging behind on its value chain emissions reduction target, having achieved 11.9% of the planned reduction. a b

CTBC Financial Holding's Value Chain (Scope 3) Emissions Pathway

202120232030203500000Current (-10%)Target 2030 (-73%)Target 2035 (-86%)
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