- Transition risks: Policy and Legal Risks, Technology Risks, Market Risks, Reputation Risks
- Physical risks: Increased frequency and severity of typhoons, heavy rainfall, droughts, water shortages, rising sea levels.
- Liability risks: Failure to establish climate governance, reduce emissions, disclose risks, and adjust strategies.
Bank SinoPac Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Bank SinoPac Co., Ltd. disclosed greenhouse gas emissions of 11.7K tCO2e/year. By scope: Scope 1: 918.20 tCO2e/year; Scope 2: 10.8K 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.
GHG Emissions
11.7K tCO2e/year
2023
Renewable Energy
11.48%
of total energy
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 918.20 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 10.8K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced Scope 1 and Scope 2 greenhouse gas emissions by 16.5% compared to 2021 baseline.
- Secured 5.2 million kWh of renewable energy contracts and purchased 4,000 tons of carbon credits.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce annual Scope 1+Scope 2 emissions by 4.2% to achieve combined carbon reductions of 16.8% by 2024.
📅 Medium-term
- Achieve combined carbon reductions of 25.2% by 2026.
- Reach NT$154 billion in renewable energy financing loan balance by 2026.
🔭 Long-term
- Achieve net zero emissions in own operations by 2030 and across all financial portfolios by 2050.
🌱 ESG Focus Areas
Climate ChangeBiodiversitySustainable Finance