- Slow global economic growth amidst geopolitical risks, high prices, and interest rates.
- Decline in global demand for commodities.
- Contraction in the manufacturing sector.
- Slump in trade and investment performance.
- Increased credit and overseas investment risks.
- Competition from pure internet banking, electronic payment, and FinTech operators.
- Increased restrictions on banks in investment and financing due to climate-associated financial risk disclosure requirements.
- Increased operating costs for strengthening legal compliance and information security.
- Increased labor costs due to FinTech and overseas expansion.
Taiwan Cooperative Bank, Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Taiwan Cooperative Bank, Ltd. disclosed greenhouse gas emissions of 26.6K tCO2e/year (2023). 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
26.6K tCO2e/year (2023)
2023
Water Usage
252.7K kWh/year (2023)
2023
Waste
319.9K kg/year (2023)
2023
Energy Use
38.14 million kWh/year (2023)
2023
๐ Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 26.6K tCO2e/year (2023) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
โ Reported Environmental Achievements
- Issued NT$2.5 billion of sustainability bonds, bringing the cumulative issuance to NT$8 billion.
- Engaged 5,000 SMEs in carbon reduction negotiations (first financial institution in Taiwan to achieve this).
- Launched "Green and Sustainable Time Deposit" totaling NT$2.71 billion for green investment projects.
- Achieved green building certification for 12 locations.
- Installed solar panel power systems at 10 locations, generating 195,000 kWh of electricity and purchasing 24.3 million kWh of renewable energy.
- Shut down unnecessary lighting, saving approximately 1.672 million kWh of electricity.
- Prioritized procurement of environmentally friendly products (NT$62.07 million).
- Gradually replacing old vehicles with high-efficiency, low-fuel consumption vehicles and electric motorcycles.
- Adopted Tainan Qinkunshen Salt Fields Wetland, donating NT$1.08 million for conservation.
- Held "Taiwan Cooperative Bank Sustainability Week" and "Sustainability Day", reducing carbon emissions by 4,703 kg of COโe.
๐ฏ Climate & Sustainability Targets
๐ Short-term
- Reduce electricity and fuel consumption by 1% compared to the average consumption of the previous three years.
- Reduce water consumption by 1% compared to the previous three years.
๐ Medium-term
- Reduce absolute emissions from its own operations (Scope 1+2) by 50.4% by 2032 compared to 2021.
๐ฑ ESG Focus Areas
Climate ChangeSustainable FinanceSocial InclusionDigital TransformationCorporate ComplianceCustomer Fairness