Greenhouse Gas and Energy Management

Low-Carbon Operations

Taipei Fubon Bank (hereinafter referred to as Taipei Fubon Bank or the Bank) is committed to minimizing the environmental impact of its operations. The Bank has set carbon reduction targets for its operations, implemented various environmental management and energy-saving measures, and actively procures green energy. Additionally, it encourages employees to adopt energy-saving and carbon-reduction practices, promoting environmental sustainability.

2024 Carbon Emissions Reduced by %

Compared to 2020 Baseline

By the End of 2024, Green Electricity Usage Reached 9,618 Thousand Kwh, Reducing Carbon Emissions By Tonnes

In 2024, Water Usage Reduced by % from 2020;

Photocopy Paper Reduced by % from 2019;

Per Capita Waste Reduced by % from 2021

Greenhouse Gas Management

Taipei Fubon Bank actively promotes various environmental management and energy-saving measures. In recent years, it has successively obtained international standard certifications such as ISO 14001 Environmental Management System, ISO 14064-1 Greenhouse Gas Inventory, and ISO 50001 Energy Management System. It also set its own operational carbon reduction targets (Scope 1 and Scope 2) in line with Fubon Financial Holdings' passing of the Science Based Targets (SBT) review in 2022, and set environmental targets such as electricity, water, paper consumption and waste reduction, developed corresponding action plans, and regularly reviews effectiveness, striving to reduce the Bank's operational impact on the environmental ecology.

Taipei Fubon Bank 2023 and 2024 Greenhouse Gas Emissions

Greenhouse Gas Emissions Unit 2023 2024
Scope 1 (Category 1) tonnes of CO₂e 611.21 328.14
Scope 2 (Category 2) Regional Basis 20,889.41 20,070.02
Market Basis 19,183.52 15,318.69
Total Emissions
(Scope 1 + Scope 2)
Regional Basis 21,500.62 20,398.16
Market Basis 19,794.72 15,646.84
Emissions per Capita tonnes of CO₂e per person 2.21 1.77
Emissions per Unit tonnes of CO₂e /NT$ million 0.30 0.21

Note

  1. Due to Taipei Fubon Bank's merger with JihSun Bank on April 1, 2023, JihSun Bank's 2023 greenhouse gas emissions data has been included within the assessment scope of Taipei Fubon Bank.
  2. The inventory scope covers all external business service locations, with a coverage rate of 100%. Taipei Fubon Bank and TFB Capital have been verified and assured by BSI Taiwan, a branch of British Standards Institution. Fubon Bank (China) has been verified and assured by BSI Beijing, a branch of the British Standards Institution.
  3. The inventory was conducted in accordance with ISO 14064-1:2018, GHG Protocol Corporate Standard, and Greenhouse Gas Inventory Registration Guidelines. GWP values are adopted from 2021 IPCC AR6, while emission factors referenced the EPA's Greenhouse Gas Emission Factor Management Table Version 6.0.4. The electricity emission factor used was 0.494 kg CO2e/kWh, as published by the Bureau of Energy for the year 2023.
  4. Scope 1 corresponds to Category 1 of ISO 14064-1:2018, while Scope 2 corresponds to Category 2 of ISO 14064-1:2018.
  5. All figures in the table were rounded to two decimal places using rounding method, therefore the sum of individual items may differ from the total.

Energy Management

In response to the international promotion of energy innovation and to accelerate the development of a zero-carbon power grid, Fubon Financial Holding joined the RE100 initiative in 2022, committing to use 100% green electricity at all domestic and overseas operating sites by 2040. To align with the Financial Holding Company's commitment, Taipei Fubon Bank first signed a green power purchase agreement with renewable energy retailers in 2021 and has gradually increased its purchase volume. By the end of 2024, green electricity usage reached 9,618 thousand kWh, reducing carbon emissions by 4,751 tonnes. Taipei Fubon Bank is also actively investing in the self-generation and self-consumption of green electricity. Solar panels with a total installed capacity of 35.4 kW have been installed on the rooftop of the Bank's Zhongshan Building. Since the commencement of power generation in 2018, over 37,000 kWh of electricity was generated in 2024. In 2024, the renewable energy usage ratio of Taipei Fubon Bank was 23.7%, and it is expected to reach 34.9% by 2030. Through continuous investment in green electricity and implementation of electricity conservation, Taipei Fubon Bank is actively improving the zero-carbon power grid and expects to achieve the RE100 by 2040.

Taipei Fubon Bank has been implementing various energy-saving and carbon-reduction measures. These include turning off branch signage lights at 19:30 daily (turned on at 18:00 in summer and 17:00 in winter), adjusting the office area lighting switches in the headquarters building to a small area configuration, and encouraging colleagues to turn lighting on and off by area according to actual usage needs. The headquarters building also turns off lights for one hour during lunch break and controls the number of elevators in operation during peak and off-peak hours. At the same time, the Bank plans to replace energy-consuming equipment, install LED energy-saving lights, and upgrade old and energy-consuming air conditioning and elevator equipment. The Bank also aims to obtain ISO 14001 Environmental Management System and ISO 50001 Energy Management System certifications.

2024 Energy Conservation and Emission Reduction Results of Taipei Fubon Bank

Energy Conservation and Emission Reduction Measures Description Energy Saving Efficiency
(Unit: thousand kWh)
Carbon Reduction Benefits
(Unit: tonnes of CO₂e)
Investment Cost
(Unit: NT$ thousand)
Replacement of Energy-consuming Lights Replaced 30 locations 339 167 9,100
Purchasing of Solar Power TheThe head office building and branch locations purchased solar power. By the end of 2024, 9,618 kWh had been transferred to support the electricity needed for operations 9,618 4,751 57,733
Replacement of Central Air Conditioning Chiller in Financial Building The Bank replaced the old central air conditioning chiller in the Financial Building to improve efficiency and reduce electricity consumption. The project was completed and put into operation in May 2024. From June to December 2024, actual air conditioning power consumption decreased by approximately 299,000 kWh compared to the same period in 2023 299 148 6,506
Turning off ATM Area Air Conditioning at Night Turned off air conditioning in-branch ATM areas at night to save electricity 467 231 -
Installation of Solar Panels Installed solar panels for self-generation and self-consumption at the Zhongshan Building 37 18 -
Total 10,760 5,315 73,338

Note:

  1. The electricity emission factor is based on the 2023 power emission factor of 0.494 kg CO2e/kWh, as published by the Bureau of Energy.
  2. The initiative to turn off air conditioning in ATM areas at night was completed in 2022, with benefits increasing each year. No additional investment costs were incurred in 2024.
  3. The installation of solar panels were completed in 2017, with benefits increasing each year. No additional investment costs incurred in 2024.
  4. All figures in the table were rounded to the unit using rounding method, therefore the sum of individual items may differ from the total.

Water Resources, Waste, and Paper Management

To ease the environmental burden caused by operations, Taipei Fubon Bank continues to promote water and waste reduction management, setting annual targets and tracking achievement status. In addition to implementing energy conservation and carbon reduction, Taipei Fubon Bank is actively promoting digital transformation to reduce paper usage. Electronic signature services have been fully introduced in all branches nationwide. Customers simply need to sign on an electronic tablet at the counter to quickly complete applications. This not only reduces paper usage but also shortens the manual processing and data entry time of counter personnel, effectively improving operational efficiency. 
On the other hand, paperless operations are also being promoted in the business end. Functions for electronic processing have been added to processes that previously required paper. Customers are encouraged to use electronic methods to contribute to carbon reduction efforts. For example, physical credit card statements generate carbon emissions during the printing and mailing. Therefore, Taipei Fubon Bank not only provides guidance on the online card application channel but also encourages customers to opt for electronic billing through promotions and benefits such as annual fee waivers.

Creating a Green Culture

To deepen employees' environmental protection concepts, Taipei Fubon Bank conducts internal advocacy and organizes diverse incentive activities for environmental protection from time to time. These efforts aim to encourage colleagues to work together towards the vision of achieving low-carbon operations and environmental sustainability. The advocacy includes implementing zonal light-off in offices, turning off lights for one hour during lunchtime in four headquarters buildings, encouraging employees to conserve water and electricity, promoting waste sorting, and reducing unnecessary photocopying. These initiatives aim to gradually internalize awareness of the low-carbon operation into employees practices.

Taipei Fubon Bank Environmental Protection Incentive Activities

Item Electricity Saving Incentive Activity at Headquarters Water and Electricity Saving Incentive Activity at Branches
Target Audience Bank-occupied floors of Financial Building, Zhongshan Building, Fuan Building, and Neihu Building, calculated on a per-floor basis Calculated on a per-branch and regional center basis
Goal of the Activity Each floor's electricity consumption during the activity is 2% lower than the previous year
  • Electricity: Annual electricity consumption is 2% lower than the previous year
  • Water: Annual water consumption is 1.5% lower than the previous year
Incentive Method Announce outstanding units on the company's internal website every quarter
  • At the end of the year, incentive bonuses are given based on the achievement of targets
  • A total of NT$209,780 in bonuses was distributed in 2024