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Sinopac Financial Holdings Co Ltd

Common Name
Sinopac Financial Holdings
Country
Taiwan
Sector
Financial Services
Industry
Banks - Regional
Employees
10,549
Ticker
2890
Exchange
TAIWAN STOCK EXCHANGE
Description
Sinopac Financial Holdings Co., Ltd. is a leading financial services provider based in Taiwan, offering a diverse range of financial products and services. As a holding company, it primarily focuses o...

Sinopac Financial Holdings's GHG Emissions Data Preview

In 2024, Sinopac Financial Holdings 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).

Sinopac Financial Holdings 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)2024202320222021 - 2017
Total Scope 1
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a
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a
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a
0000000
Total Scope 2
Market-Based
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a
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a
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a
0000000
Location-Based
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a
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a
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a
0000000
Total Scope 3
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a
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b
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b
0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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a
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a
0000000
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Verified Sources Behind Sinopac Financial Holdings’s Greenhouse Gas (GHG) Emissions 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 Sinopac Financial Holdings’s data sources below and access millions more through our Disclosure Search.

a. Sinopac Financial Holdings's Sustainability Report 2024
a. Sinopac Financial Holdings's Sustainability Report 2024
b. Sinopac Financial Holdings's Sustainability Report 2023
b. Sinopac Financial Holdings's Sustainability Report 2023

Insights into Sinopac Financial Holdings's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions ofSinopac Financial Holdings amounted to18,910.97metric 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 Sinopac Financial Holdingsincreased by 1.54%, suggesting that the company faced challenges in reducing its emissions from its core operations.a

Sinopac Financial Holdings's Scope 1 Emissions Over Time

2020202120222023202404008001.2 k1.6 ktCO2e+10%+5%+11%-5%
  • Total Scope 1
  • Year-over-Year Change

What are Sinopac Financial Holdings's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Sinopac Financial Holdings were 1,439.14 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Has Sinopac Financial Holdings reduced its Scope 1 emissions over time?

Since 2020, Sinopac Financial Holdings's Scope 1 emissions have increased by 23.58%, reflecting a rising long-term trend in Scope 1 emissions over time.ab

Compared to the previous year(2023), Sinopac Financial Holdings's Scope 1 emissions decreased by 4.58%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Sinopac Financial Holdings's Scope 2 emissions?

In 2024, Sinopac Financial Holdings reported Scope 2 greenhouse gas (GHG) emissions of 14,178.59 tCOâ‚‚e using the market-based method and 17,471.83 tCOâ‚‚e using the location-based method.a

Has Sinopac Financial Holdings reduced its Scope 2 emissions over time?

Since 2020, Sinopac Financial Holdings's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have remained relatively stable, indicating that Sinopac Financial Holdings's emissions have plateaued with no significant change in its energy consumption footprint.ab

Compared to the previous year(2023), Sinopac Financial Holdings's Scope 2 emissions(Location-Based) have remained relatively stable, indicating that Sinopac Financial Holdings's emissions have plateaued with no significant change in its energy consumption footprint.a

What methodology does Sinopac Financial Holdings use for Scope 2 reporting?

In 2024, Sinopac Financial Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.a

Sinopac Financial Holdings's Scope 2 Emissions Over Time

2020202120222023202405 k10 k15 k20 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Sinopac Financial Holdings's Value Chain Emissions

In 2024, Sinopac Financial Holdings reported 3,872,447.35 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a

The 2024 disclosure of Sinopac Financial Holdings includes a breakdown across 11of the 15 Scope 3 categories defined by the GHG Protocol,up from 10 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina

Sinopac Financial Holdings's Scope 3 Emissions Over Time

2020202120222023202401 M2 M3 M4 MtCO2e+61%-10%+47189%+14%
  • Total Scope 3
  • Year-over-Year Change

What are Sinopac Financial Holdings's Scope 3 emissions?

In 2024, Sinopac Financial Holdings reported total Scope 3 emissions of 3,872,447.35 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a

Approximately 0.31%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.69%came from downstream activities like product use, distribution, and end-of-life treatment.a

Has Sinopac Financial Holdings reduced its Scope 3 emissions over time?

Since 2020, Sinopac Financial Holdings's Scope 3 emissionshave increased by 78,234.76%, reflecting a rising long-term trend in Scope 3 emissions over time.ab

Compared to the previous year (2023), Sinopac Financial Holdings's Scope 3 emissions increased by 14.43%, suggesting that the company faced challenges in reducing emissions across its value chain.ab

What categories of Scope 3 emissions does Sinopac Financial Holdings disclose?

In 2024, Sinopac Financial Holdings 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 Sinopac Financial Holdings's Scope 3 emissions?

In 2024, the largest contributors to Sinopac Financial Holdings's Scope 3 emissions were:a

  • Investments (Cat. 15): 3,860,166 tCOâ‚‚e(99.68%)
  • Fuel- and Energy-Related Services (Cat. 3): 2,851.22 tCOâ‚‚e(0.07%)
  • Employee Commuting (Cat. 7): 2,514.82 tCOâ‚‚e(0.06%)

Sinopac Financial Holdings's Scope 3 Emissions by Categories

Investments(Cat. 15)(99.7%)

Insights into Sinopac Financial Holdings’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Sinopac Financial Holdings reported Scope 1 greenhouse gas (GHG) emissions of 1,439.14 tCOâ‚‚e and total revenues of USD 1,941 millions. This translates into an emissions intensity of 0.74 tCOâ‚‚e per millions USD.a

Sinopac Financial Holdings's Scope 1 Emissions Intensity Compared to Peers

501,00010,000100,0001,000,000Scope 1 Emissions (tCO2e)1002001,0005,00020,000Revenues (Millions of USD)TKFEMHICKTCTChina Man-Made FiberYear: 2024Scope 1: 350,717 tCO2eRevenue: $M 1,263Scope 1 Intensity: 277.79 tCO2e/$MTTTaiwan AcceptanceYear: 2023Scope 1: 190 tCO2eRevenue: $M 556Scope 1 Intensity: 0.34 tCO2e/$MKKKing's Town BankYear: 2023Scope 1: 304 tCO2eRevenue: $M 320Scope 1 Intensity: 0.95 tCO2e/$MFFFirst Financial HoldingYear: 2024Scope 1: 2,829 tCO2eRevenue: $M 2,188Scope 1 Intensity: 1.29 tCO2e/$MEEE.SUN Financial HoldingYear: 2024Scope 1: 2,403 tCO2eRevenue: $M 2,298Scope 1 Intensity: 1.05 tCO2e/$MMMMega Financial HoldingYear: 2024Scope 1: 2,639 tCO2eRevenue: $M 2,503Scope 1 Intensity: 1.05 tCO2e/$MHHHua Nan Financial HoldingsYear: 2024Scope 1: 2,552 tCO2eRevenue: $M 2,009Scope 1 Intensity: 1.27 tCO2e/$MIIIBF Financial HoldingsYear: 2023Scope 1: 349 tCO2eRevenue: $M 239Scope 1 Intensity: 1.46 tCO2e/$MCTBC Financial HoldingYear: 2024Scope 1: 4,959 tCO2eRevenue: $M 5,925Scope 1 Intensity: 0.84 tCO2e/$MCCChailease HoldingYear: 2024Scope 1: 4,868 tCO2eRevenue: $M 710Scope 1 Intensity: 6.85 tCO2e/$MO-BankYear: 2023Scope 1: 287 tCO2eRevenue: $M 304Scope 1 Intensity: 0.94 tCO2e/$MKKKGI Financial HoldingYear: 2024Scope 1: 1,525 tCO2eRevenue: $M 2,295Scope 1 Intensity: 0.66 tCO2e/$MSCSBYear: 2024Scope 1: 2,332 tCO2eRevenue: $M 1,561Scope 1 Intensity: 1.49 tCO2e/$MCathay Financial HoldingYear: 2024Scope 1: 8,602 tCO2eRevenue: $M 11,018Scope 1 Intensity: 0.78 tCO2e/$MTTTCFHCYear: 2024Scope 1: 2,738 tCO2eRevenue: $M 2,008Scope 1 Intensity: 1.36 tCO2e/$MCCCapital SecuritiesYear: 2024Scope 1: 404 tCO2eRevenue: $M 619Scope 1 Intensity: 0.65 tCO2e/$MYuanta Financial HoldingYear: 2024Scope 1: 1,125 tCO2eRevenue: $M 3,686Scope 1 Intensity: 0.31 tCO2e/$MFEIBYear: 2023Scope 1: 307 tCO2eRevenue: $M 414Scope 1 Intensity: 0.74 tCO2e/$MMercuries Life InsuranceYear: 2024Scope 1: 551 tCO2eRevenue: $M 4,177Scope 1 Intensity: 0.13 tCO2e/$MTTTS Financial HoldingYear: 2024Scope 1: 1,932 tCO2eRevenue: $M 2,644Scope 1 Intensity: 0.73 tCO2e/$MTaiwan Business BankYear: 2023Scope 1: 1,155 tCO2eRevenue: $M 1,039Scope 1 Intensity: 1.11 tCO2e/$MSinopac Financial HoldingsYear: 2024Scope 1: 1,439 tCO2eRevenue: $M 1,941Scope 1 Intensity: 0.74 tCO2e/$M

How does Sinopac Financial Holdings's GHG emissions intensity compare to its peers?

In 2024, Sinopac Financial Holdings reported a Scope 1 emissions intensity of 0.74 tCOâ‚‚e 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 Sinopac Financial Holdings rank on GHG emissions intensity within its industry?

In 2024, Sinopac Financial Holdings ranked 8 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a

Sinopac Financial Holdings is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a

Insights into Sinopac Financial Holdings's Total Carbon Footprint

In 2024, Sinopac Financial Holdings reported a total carbon footprint of 3,891,358.32 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 14.36% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab

The largest contributor to Sinopac Financial Holdings's total carbon footprint was Scope 3 emissions, accounting for 99.51% of the company's total carbon footprint, followed by Scope 2 emissions at 0.45%.a

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