Bank Chb
Bank of China (Taiwan) Ltd., commonly known as Bank Chb, is a prominent financial institution headquartered in Taipei, Taiwan. Established in 1946, it has grown to become a key player in the banking sector, offering a wide range of services including personal banking, corporate finance, and wealth management. With a strong presence across Taiwan and significant operations in Asia, Bank Chb is recognised for its innovative financial products tailored to meet diverse customer needs. The bank's commitment to customer service and technological advancement has positioned it as a trusted partner in the financial landscape. Notable achievements include its robust market share and reputation for reliability, making Bank Chb a preferred choice for both individual and corporate clients seeking comprehensive banking solutions.
DitchCarbon Score
How does Bank Chb's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bank Chb's score of 47 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Bank Chb's reported carbon emissions
In 2023, Chang Hwa Commercial Bank (Bank Chb) reported total carbon emissions of approximately 15,142,278 kg CO2e, comprising 2,133,566 kg CO2e from Scope 1, 13,008,712 kg CO2e from Scope 2, and 14,676,566 kg CO2e from Scope 3 emissions. This represents a significant commitment to transparency in their carbon footprint across all scopes. The bank has set ambitious midterm targets to reduce its carbon emissions by 42% by 2030 compared to 2020 levels, which translates to an annual reduction of about 4.2%. This target applies to both Scope 1 and Scope 2 emissions, demonstrating a proactive approach to mitigating climate impact. Additionally, Bank Chb has committed to long-term net-zero targets, covering all scopes of emissions. As of 2022, their portfolio targets encompass 14% of total investments and lending by total assets, with required activities making up 19% of this total. The bank's initiatives align with the Science Based Targets initiative (SBTi), ensuring that their reduction strategies are consistent with the global goal of limiting warming to 1.5°C. Overall, Bank Chb's climate commitments reflect a robust strategy to address carbon emissions and contribute to global sustainability efforts, with a clear focus on measurable targets and accountability.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,999,749 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 15,257,404 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 0,000,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bank Chb is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
