Cathay Financial Holding Co
Cathay Financial Holding Co., often referred to as Cathay Holdings, is a prominent financial services conglomerate headquartered in Taiwan (TW). Established in 2000, the company has rapidly evolved to become a key player in the financial industry, with significant operations across Asia and beyond. Cathay Financial Holding Co. primarily operates in the insurance, banking, and asset management sectors, offering a diverse range of products and services tailored to meet the needs of individual and corporate clients. Its unique approach combines innovative financial solutions with a strong commitment to customer service, setting it apart in a competitive market. With a solid market position, Cathay Holdings has achieved notable milestones, including recognition for its robust financial performance and commitment to sustainable practices. The company continues to strengthen its reputation as a leader in the financial services landscape, driven by a focus on growth and excellence.
DitchCarbon Score
How does Cathay Financial Holding Co'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 Insurance Services 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
Cathay Financial Holding Co's score of 52 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Cathay Financial Holding Co's reported carbon emissions
In 2023, Cathay Financial Holding Co., based in Taiwan (TW), reported significant carbon emissions, totalling approximately 48,910,530 kg CO2e for Scope 1 and 2 combined, with Scope 1 emissions at about 4,031,190 kg CO2e and Scope 2 emissions at approximately 44,879,340 kg CO2e (market-based). The company also disclosed extensive Scope 3 emissions, amounting to approximately 171,546,620 kg CO2e, which includes categories such as purchased goods and services, capital goods, and employee commute. Cathay Financial Holding Co. has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions by 30% from a 2015 baseline by 2025. Additionally, the company has pledged to achieve net zero emissions by 2050 across all scopes. This long-term target aligns with their commitment to the Science Based Targets initiative (SBTi), which covers 46% of their total investment and lending activities by monetary value as of 2020. The company has also established interim targets, including a 5% reduction in carbon emissions by 2021 compared to 2016 levels. To stay aligned with the 1.5°C scenario, Cathay aims for an annual reduction of 4.2% in emissions from 2020 to 2025. Overall, Cathay Financial Holding Co. demonstrates a proactive approach to managing its carbon footprint and addressing climate change through measurable targets and long-term commitments.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 883,910 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | - | - | - |
| Scope 2 | 11,942,010 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | - | - |
| Scope 3 | - | - | - | - | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Cathay Financial Holding Co 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.
