- Escalating global environmental challenges.
- Managing various risks inherent in banking operations.
Cathay General Bancorp
Greenhouse gas emissions & sustainability report data
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.
Renewable Energy
35% (at Corporate Center)
of total energy
Water Usage
600.0K gallons (saved)
2023
Waste
908 metric tons (avoided)
2023
Energy Use
678.2K kWh (saved)
2023
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021 | 361 metric tons averted (CO2e) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced energy consumption by 35% annually through onsite solar power system at Corporate Center.
- Saved 600,000 gallons of water annually through water-efficient fixtures.
- Securely shredded and recycled 410,020 pounds of paper, resulting in resource conservation and emission reduction.
- Invested $240 million in eight solar energy projects as of December 31, 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Roll out Community Checking accounts bank-wide by the end of 2024.
🌱 ESG Focus Areas
Business ethics and complianceInformation securityEnterprise risk managementCommunity developmentAffordable housingFinancial literacyWorkforce developmentDiversity and inclusionEnvironmental sustainability