O-Bank Co., Ltd.

Greenhouse gas emissions & sustainability report data

πŸ“Š Latest report period: 2023πŸ—‚οΈ Report periods on file: 2023, 2022, 2021, 2020

In its 2023 reporting, O-Bank Co., Ltd. disclosed greenhouse gas emissions of 2.8K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

πŸ’¨
GHG Emissions
2.8K tCO2e/year
2023
⚑
Renewable Energy
12.84%
of total energy

πŸ“ˆ Emissions by Report Period

Report periodHeadline emissions figure reported
20232.8K tCO2e/year
20223.0K tonnes of CO2e
20213.5K tCO2e/year (Taiwan locations)
20203.4K tCO2e/year (Taiwan-wide)

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

βœ… Reported Environmental Achievements

🎯 Climate & Sustainability Targets

πŸ”œ Short-term

  • Increase reliance on renewable energy to 10% in 2023 at O-Bank business locations worldwide
  • Increase the share of the Bank's total balance of credit provided to sectors friendly to the environment or society to 6.75% in 2023
  • Reduce total Scope 1 and Scope 2 carbon emissions at business locations throughout the world in 2023 by 10% from 2022

πŸ“… Medium-term

  • Pursue low power-consumption in our operations, and collaborate with upstream and downstream firms in industry value chains to promote environmental protection policies
  • Work to meet the Scope 1 and Scope 2 greenhouse gas emission reduction targets that are set based on the Science Based Targets initiative (SBTi), and steadily increase our reliance on renewable energy year by year. We have pledged to achieve net zero emissions in our own operations by 2050
  • Attract and develop professional talent, create organizational competitiveness, and build a positive corporate culture from top to bottom

πŸ”­ Long-term

  • We will continue to increase the positions of financing and investments that provide environmental and/or social benefits, and reduce the amount of financing and investments that go to carbon- intensive industries, in order to carry out responsible lending and responsible investing
  • Achieve net zero emissions in our own operations by 2050
  • Strengthen care and services designed to ensure social & economic security for underprivileged groups

🌱 ESG Focus Areas

Corporate GovernanceCustomer RelationshipsEmployee CareEnvironmental ProtectionGreen FinanceSocial Engagement

⚠️ Challenges & Risks +

  • Global economic volatility
  • Geo-economic conflict
  • Network insecurity

πŸ“‹ Report Information

Reporting Period: 2023
Frameworks: GRI Standards (2021), AA1000 AccountAbility Principles, SASB standards for commercial banks and consumer finance, Sustainable Development Best Practice Principles for TWSE/TPEx Listed Companies, Taiwan Stock Exchange Corporation Rules Governing the Preparation and Filing of Sustainability Reports by TWSE Listed Companies, ISO 26000 Guidance on Social Responsibility, International Integrated Reporting Council's Integrated Reporting Framework, UN Global Compact disclosure guidelines, UN Sustainable Development Goals
Assurance: BSI SG Taiwan Branch and Ernst & Young Taiwan