Shin Kong Financial Holding Co Ltd

Common Name
Shin Kong Financial Holding
Country
Taiwan
Sector
Financial Services
Industry
Insurance - Life
Employees
16,721
Ticker
2888
Exchange
TAIWAN STOCK EXCHANGE
Description
Shin Kong Financial Holding Co., Ltd. is a prominent financial services company based in Taipei, Taiwan. Its primary function is to manage and operate its various subsidiaries which provide a comprehe...

Shin Kong Financial Holding's GHG Emissions Data Preview

In 2023, Shin Kong 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).

Shin Kong Financial Holding has also provided a category-level breakdown for 9 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Shin Kong Financial Holding's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Shin Kong Financial Holding amounted to 28,794.79 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).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Shin Kong Financial Holding decreased by 8.56%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Shin Kong Financial Holding's Scope 1 Emissions Over Time

2019202020212022202309001.8 k2.7 k3.6 ktCO2e-7%+3%+12%+6%
  • Total Scope 1
  • Year-over-Year Change

What are Shin Kong Financial Holding's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Shin Kong Financial Holding were 3,479.89 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Shin Kong Financial Holding reduced its Scope 1 emissions over time?

Since 2019, Shin Kong Financial Holding's Scope 1 emissions have increased by 14.81%, reflecting a rising long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Shin Kong Financial Holding's Scope 1 emissions increased by 6.11%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Shin Kong Financial Holding's Scope 2 emissions?

In 2023, Shin Kong Financial Holding reported Scope 2 greenhouse gas (GHG) emissions of 25,183.23 tCOâ‚‚e using the market-based method, and 25,314.9 tCOâ‚‚e using the location-based method.

Has Shin Kong Financial Holding reduced its Scope 2 emissions over time?

Since 2019, Shin Kong Financial Holding's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have decreased by 17.03%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Shin Kong Financial Holding's Scope 2 emissions (Location-Based) fell by 10.27% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.

What methodology does Shin Kong Financial Holding use for Scope 2 reporting?

In 2023, Shin Kong Financial Holding reported its Scope 2 emissions using the market-based method and using the location-based method.

Shin Kong Financial Holding's Scope 2 Emissions Over Time

2019202020212022202308 k16 k24 k32 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Shin Kong Financial Holding's Value Chain Emissions

In 2023, Shin Kong Financial Holding reported 2,234,238.16 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Shin Kong Financial Holding includes a breakdown across 9 of the 15 Scope 3 categories defined by the GHG Protocol, up from 1 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Shin Kong Financial Holding's Scope 3 Emissions Over Time

201920202021202220230800 k1.6 M2.4 M3.2 MtCO2e-19%+18%-17%-9%
  • Total Scope 3
  • Year-over-Year Change

What are Shin Kong Financial Holding's Scope 3 emissions?

In 2023, Shin Kong Financial Holding reported total Scope 3 emissions of 2,234,238.16 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 0.26% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.74% came from downstream activities like product use, distribution, and end-of-life treatment.

Has Shin Kong Financial Holding reduced its Scope 3 emissions over time?

Since 2019, Shin Kong Financial Holding's Scope 3 emissions have decreased by 27.57%, reflecting a declining long-term trend in Scope 3 emissions over time.

Compared to the previous year (2022), Shin Kong Financial Holding's Scope 3 emissions remained relatively stable, indicating that Shin Kong Financial Holding 's emissions have plateaued with no significant change in its value chain footprint.

What categories of Scope 3 emissions does Shin Kong Financial Holding disclose?

In 2023, Shin Kong Financial Holding reported emissions for 9 out of the 15 Scope 3 categories defined by the GHG Protocol.

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Shin Kong Financial Holding's Scope 3 emissions?

In 2023, the largest contributors to Shin Kong Financial Holding's Scope 3 emissions were:

  • Investments (Cat. 15): 2,228,128 tCOâ‚‚e (99.73%)
  • Fuel- and Energy-Related Services (Cat. 3): 5,294.06 tCOâ‚‚e (0.24%)
  • Business Travel (Cat. 6): 247.12 tCOâ‚‚e (0.01%)

Shin Kong Financial Holding's Scope 3 Emissions by Categories

Investments(Cat. 15)(99.7%)

Insights into Shin Kong Financial Holding's Total Carbon Footprint

In 2023, Shin Kong Financial Holding reported a total carbon footprint of 2,263,032.95 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 8.75% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output.

The largest contributor to Shin Kong Financial Holding's total carbon footprint was Scope 3 emissions, accounting for 98.73% of the company's total carbon footprint, followed by Scope 2 emissions at 1.12%.

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