Taiwan Cooperative Financial Holding Co Ltd

Common Name
TCFHC
Country
Taiwan
Sector
Financial Services
Industry
Banks - Regional
Employees
9,618
Ticker
5880
Exchange
TAIWAN STOCK EXCHANGE
Description
Taiwan Cooperative Financial Holding Co., Ltd. is a premier financial institution within Taiwan's banking sector. Its primary function is to provide comprehensive financial services, including commerc...

TCFHC's GHG Emissions Data Preview

In 2024, TCFHC 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).

TCFHC has also provided a category-level breakdown for 12 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
Location-Based
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0000000
Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind TCFHC’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 TCFHC’s data sources below and access millions more through our Disclosure Search.

a. TCFHC's ESG Data Spreadsheet 2024
a. TCFHC's ESG Data Spreadsheet 2024
b. TCFHC's Sustainability Data Spreadsheet 2023
b. TCFHC's Sustainability Data Spreadsheet 2023

Insights into TCFHC's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of TCFHC amounted to 18,816.21 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 TCFHC decreased by 16.3%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

TCFHC's Scope 1 Emissions Over Time

2020202120222023202407001.4 k2.1 k2.8 ktCO2e+374%+6%+2%-2%
  • Total Scope 1
  • Year-over-Year Change

What are TCFHC's Scope 1 emissions?

In 2024, the total Scope 1 emissions of TCFHC were 2,737.7 metric tons of CO₂ equivalent (tCO₂e). a

Has TCFHC reduced its Scope 1 emissions over time?

Since 2020, TCFHC's Scope 1 emissions have increased by 403.71%, reflecting a rising long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), TCFHC's Scope 1 emissions decreased by 1.58%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are TCFHC's Scope 2 emissions?

In 2024, TCFHC reported Scope 2 greenhouse gas (GHG) emissions of 16,078.51 tCO₂e using the location-based method. a

Has TCFHC reduced its Scope 2 emissions over time?

Since 2020, TCFHC's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have increased by 75.89%, reflecting a rising long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), TCFHC's Scope 2 emissions (Location-Based) fell by 18.38% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does TCFHC use for Scope 2 reporting?

In 2024, TCFHC reported its Scope 2 emissions using the location-based method. a

TCFHC's Scope 2 Emissions Over Time

2020202120222023202406.5 k13 k19.5 k26 ktCO2e
  • Total Scope 2 Location-Based

Insights into TCFHC's Value Chain Emissions

In 2024, TCFHC reported 24,015,926.08 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 TCFHC includes a breakdown across 12 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

TCFHC's Scope 3 Emissions Over Time

2020202120222023202406.5 M13 M19.5 M26 MtCO2e+13%+36%+120%+69%
  • Total Scope 3
  • Year-over-Year Change

What are TCFHC's Scope 3 emissions?

In 2024, TCFHC reported total Scope 3 emissions of 24,015,926.08 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 0.11% of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.89% came from downstream activities like product use, distribution, and end-of-life treatment. a

Has TCFHC reduced its Scope 3 emissions over time?

Since 2020, TCFHC's Scope 3 emissions have increased by 469.78%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2023), TCFHC's Scope 3 emissions increased by 68.75%, suggesting that the company faced challenges in reducing emissions across its value chain. a

What categories of Scope 3 emissions does TCFHC disclose?

In 2024, TCFHC reported emissions for 12 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 TCFHC's Scope 3 emissions?

In 2024, the largest contributors to TCFHC's Scope 3 emissions were: a

  • Investments (Cat. 15): 23,989,360.2 tCO₂e (99.89%)
  • Capital Goods (Cat. 2): 14,148.81 tCO₂e (0.06%)
  • Employee Commuting (Cat. 7): 4,675.72 tCO₂e (0.02%)

TCFHC's Scope 3 Emissions by Categories

Investments(Cat. 15)(99.9%)

Insights into TCFHC’s GHG Emissions Intensity Compared to Industry Peers

In 2024, TCFHC reported Scope 1 greenhouse gas (GHG) emissions of 2,737.7 tCO₂e and total revenues of USD 2,008 millions. This translates into an emissions intensity of 1.36 tCO₂e per millions USD. a

TCFHC's Scope 1 Emissions Intensity Compared to Peers

501,00010,000100,0001,000,000Scope 1 Emissions (tCO2e)1002001,0005,00020,000Revenues (Millions of USD)YKEMHICKTTChina Man-Made FiberYear: 2023Scope 1: 390,661 tCO2eRevenue: $M 1,199Scope 1 Intensity: 325.94 tCO2e/$MYYYulon FinanceYear: 2023Scope 1: 190 tCO2eRevenue: $M 556Scope 1 Intensity: 0.34 tCO2e/$MKKKing's Town BankYear: 2023Scope 1: 304 tCO2eRevenue: $M 320Scope 1 Intensity: 0.95 tCO2e/$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: 2023Scope 1: 4,132 tCO2eRevenue: $M 4,279Scope 1 Intensity: 0.97 tCO2e/$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: $M 11,018Scope 1 Intensity: 0.78 tCO2e/$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: 2023Scope 1: 518 tCO2eRevenue: $M 4,017Scope 1 Intensity: 0.13 tCO2e/$MSinopac Financial HoldingsYear: 2023Scope 1: 1,508 tCO2eRevenue: $M 1,722Scope 1 Intensity: 0.88 tCO2e/$MTTTS Financial HoldingYear: 2024Scope 1: 1,932 tCO2eRevenue: $M 2,644Scope 1 Intensity: 0.73 tCO2e/$MTaiwan Business BankYear: 2023Scope 1: 1,155 tCO2eRevenue: $M 1,039Scope 1 Intensity: 1.11 tCO2e/$MTTTCFHCYear: 2024Scope 1: 2,738 tCO2eRevenue: $M 2,008Scope 1 Intensity: 1.36 tCO2e/$M

How does TCFHC's GHG emissions intensity compare to its peers?

In 2024, TCFHC reported a Scope 1 emissions intensity of 1.36 tCO₂e per millions USD. Compared to the peer group median of 0.95 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a

Where does TCFHC rank on GHG emissions intensity within its industry?

In 2024, TCFHC ranked 16 out of 19 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places TCFHC among the least efficient performers, with one of the highest emissions intensities in its sector. a

Insights into TCFHC's Total Carbon Footprint

In 2024, TCFHC reported a total carbon footprint of 24,034,742.29 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 68.61% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to TCFHC's total carbon footprint was Scope 3 emissions, accounting for 99.92% of the company's total carbon footprint, followed by Scope 2 emissions at 0.07%. a

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