O Bank
O Bank, officially known as O Bank Co., Ltd., is a prominent financial institution headquartered in Taiwan (TW). Established in 2016, the bank has rapidly positioned itself within the digital banking sector, focusing on innovative financial solutions tailored for a tech-savvy clientele. With a strong operational presence across major urban centres in Taiwan, O Bank offers a range of services including personal banking, wealth management, and digital payment solutions. What sets O Bank apart is its commitment to leveraging technology to enhance customer experience, providing seamless online banking services that cater to the evolving needs of consumers. The bank has achieved notable milestones, including recognition for its user-friendly mobile app and robust security features. As a leader in the digital banking landscape, O Bank continues to redefine traditional banking practices, making it a key player in Taiwan's financial services industry.
DitchCarbon Score
How does O Bank'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 Financial Intermediation 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
O Bank's score of 33 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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O Bank's reported carbon emissions
In 2023, O Bank reported total carbon emissions of approximately 4,245,840 kg CO2e. This includes Scope 1 emissions of about 287,070 kg CO2e, Scope 2 emissions of approximately 2,471,590 kg CO2e (market-based), and Scope 3 emissions totalling around 1,487,180 kg CO2e. Notably, the bank's Scope 1 and 2 emissions combined (market-based) amounted to about 2,758,660 kg CO2e. Comparatively, in 2022, O Bank's total emissions were about 4,391,000 kg CO2e, with Scope 1 emissions at approximately 271,540 kg CO2e and Scope 2 emissions (market-based) at around 2,834,820 kg CO2e. The bank's Scope 3 emissions for that year were approximately 1,285,060 kg CO2e. From 2021, O Bank's emissions data shows a total of about 3,463,313 kg CO2e, with Scope 1 emissions of approximately 225,252 kg CO2e and Scope 2 emissions of about 2,772,074 kg CO2e. The Scope 3 emissions for that year were primarily from employee commuting, totalling around 465,987 kg CO2e. O Bank has not specified any formal reduction targets or initiatives, nor does it appear to have cascaded data from a parent company. The bank's climate commitments remain vague, with no documented pledges or targets outlined in the provided data. Overall, O Bank's emissions reflect a significant operational footprint, with a need for clearer climate strategies and reduction commitments to align with industry standards.
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| 2019 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,044,000 | 000,000 | 000,000 |
| Scope 2 | 19,552,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 46,800 | 0,000,000 | 0,000,000 |
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.
O Bank is not participating in any 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.
