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E.SUN established a standardized carbon inventory mechanism to manage carbon emission data in accordance with the PCAF Standard through its Financed Carbon Emissions Inventory Management System. With this system, we have increased the automation rate, improved efficiency, and reduced operational risks. Technology assists in the generation of financed carbon emission information and target management, enabling us to respond to potential risks and opportunities in real-time.
The physical risks of climate change pose a significant challenge to the operational resilience of banks. In addition to the potential disruption of business operations, which may impact customer service and revenue, the depreciation of credit collateral value is also a major concern. To effectively manage climate-related physical risks, E.SUN has established an internal physical risk database that integrates with its business systems to provide decision-making information. We will continue to expand our collection of climate-related risk data in order to enhance the ability of frontline staff to identify physical risks.
E.SUN released its “2023 Climate and Nature Report”, marking a significant milestone as the first report in Taiwan to receive third-party verification of the Taskforce on Nature-related Financial Disclosures (TNFD) framework. This report achieved the highest grade of “Level 5: Excellence” from the British Standards Institute (BSI) for TNFD conformity and “Level 5+: Excellence” for climate-related financial disclosures (TCFD). In early 2024, E.SUN joined the TNFD Early Adopters, committing to align with TNFD disclosure standards. The report uses the LEAP assessment approach and integrates international databases and localized data, including 51 operational characteristics and geospatial indicators, forming 31 data layers. Additionally, the report trials TNFD’s nature scenario analysis, assessing the impacts of biodiversity loss and water stress on E.SUN’s investment and financing portfolio.
Unit：t-CO2e
| 2021 | 2022 | 2023 | 2024 | Third Party Verification | |
|---|---|---|---|---|---|
| Scope 1 | 1,858 | 1,844 | 2,161 | 2,430 | SGS Taiwan |
| Scope 2 | 22,105 | 20,294 | 17,959 | 10,291 | |
| Scope 3: Financed Emissions | 3,672,612 | 4,945,550 | 5,355,042 | 5,508,602 | PwC Taiwan |
| Scope 3: Others | 49,181 | 56,015 | 46,436 | 37,495 | SGS Taiwan |
| Total (Tons) | 3,745,755 | 5,023,703 | 5,421,598 | 5,558,791 |
Note: Scope 2 emission is calculated using market-based methods.
E.SUN FHC
Unit：t-CO2e
| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Financed Emissions( t-CO2e) | 3,672,612 | 4,945,550 | 5,355,042 | 5,508,602 |
| Carbon Footprint (t-CO2e/$M) | 1.73 | 2.10 | 2.14 | 1.99 |
| Weighted Average Carbon Intensity (t-CO2e/$M) | 6.23 | 4.77 | 5.09 | 5.03 |
| Inventory Coverage (%) | 75.27% | 76.53% | 77.62% | 78.61% |
Subsidiaries
Unit：t-CO2e
| Bank | Securities | Venture Capital | |
|---|---|---|---|
| Financed Emissions( t-CO2e) | 5,501,355 | 3,226 | 4,021 |
| Carbon Footprint (t-CO2e/$M) | 1.99 | 1.17 | 0.80 |
| Weighted Average Carbon Intensity (t-CO2e/$M) | 5.04 | 2.62 | 3.04 |
Note 1: Emissions from investment and financing activities for 2024 have been estimated based on the changes in our total assets reported in our financial statements.
Note 2: Carbon Footprint = GHG emissions from investment and financing companies / inventoried balance of investment and financing companies
Note 3: The Weighted Average Carbon Intensity is calculated based on the carbon emissions per unit of revenue from the financed and invested entities, accounting for the proportion of E.SUN's financing and investment.
Note 4: Inventory Coverage = inventoried balance of investment and financing companies / sum of FVPL, FVOCI, AC, loans, and discounted items.
Note 5: Inventory coverage refers to the proportion of investment and financing activities that have been assessed in accordance with the PCAF methodology, relative to the total investment and financing portfolio. For 2024, E.SUN FHC's proportion of relevant investment and financing activities aligned with the PCAF methodology is 100%.
E.SUN analyzes the GHG emissions of its investment and financing assets based on asset types, industry, and regions. We have set different decarbonization goals for different asset types according to SBT targets and plan control mechanisms for high-carbon industries. We also engage with customers and encourage staff to increase interaction with low-carbon companies or investment targets. We hope to leverage our financial influence to help achieve net-zero emissions.
| Asset Class Distribution | Financed Emissions (tCO2e) |
Carbon Footprint (tCO2e/NT$1M) |
WACI (tCO2e/ NT$1M) |
Physical Emission Intensity2 | Physical Emission Intensity Unit2 | Data Quality | Inventory Coverage | ||
| Investments | Stocks and Corporate Bonds1 | 495,295 | 1.18 | 4.00 | - | - | 3.17 | 50.68% | |
| Sovereign Bonds | Excluding LULUCF | 1,174,097 | 6.60 | 6.60 | - | - | 1.00 | ||
| Including LULUCF | 1,064,381 | 5.99 | 5.99 | - | - | 1.00 | |||
| Crediting | Corporate Loans | 3,149,685 | 3.22 | 5.19 | - | - | 3.79 | 92.70% | |
| Power Generation Project Finance | 169,954 | 2.68 | - | 0.08 | tCO2e/Power Generated (MWh) | 2.98 | |||
| Commercial Real Estate Loans | 143,237 | 1.61 | - | 0.10 | tCO2e/Floor Area (m²) | 4.00 | |||
| Mortgages | 376,334 | 0.36 | - | 0.03 | tCO2e/Floor Area (m²) | 4.00 | |||
| Motor Vehicle Loans | -註3 | - | - | - | tCO2e/km | - | |||
| Total | Excluding LULUCF | 5,508,602 | 1.99 | 5.03 | - | - | 3.58 | 78.61% | |
| Including LULUCF | 5,398,886 | 1.95 | 4.96 | 3.58 | |||||
Note 1: Due to PCAF 2nd Edition not yet having set guidelines for calculating Scope 3 GHG for sustainable bonds, such as green bonds, sustainability bonds, and social bonds, the carbon emissions from these types of bonds have been excluded from the investments in stocks and corporate bonds. The excluded emissions amount to 31,727 tCO2e. If the elements above are included, the overall inventory coverage will increase to 79.39%.
Note 2: Physical Emissions Intensity refers to the efficiency of total carbon emissions from specific activities within an industry per unit of output.
| Geographical Distribution | Financed Emissions ( t-CO2e) |
Carbon Footprint (t-CO2e/$M) |
Weighted Average Carbon Intensity (t-CO2e/$M) |
||||||
| Bank | Securities | Venture Capital | Bank | Securities | Venture Capital | Bank | Securities | Venture Capital | |
| Taiwan | 2,740,701 | 2,376 | 3,405 | 1.40 | 1.24 | 0.97 | 2.15 | 3.27 | 3.23 |
| N. America & Europe | 924,708 | 848 | - | 2.50 | 1.13 | - | 2.18 | 1.33 | 1.07 |
| Other Asia/td> | 288,739 | - | 4 | 3.76 | - | 0.98 | 4.49 | - | 1.96 |
| Other | 1,129,320 | 3 | 611 | 5.73 | 0.02 | 0.41 | 10.32 | 0.02 | 2.62 |
| Hong Kong | 415,379 | - | - | 2.78 | - | - | 3.32 | - | - |
| China | 2,508 | - | - | 0.70 | - | - | 1.09 | - | - |
| Total | 5,501,355 | 3,227 | 4,021 | 1.99 | 1.17 | 0.80 | 5.04 | 2.62 | 3.04 |
| Industry Distribution | Financed Emissions ( t-CO2e) |
Carbon Footprint (t-CO2e/$M) |
Weighted Average Carbon Intensity (t-CO2e/$M) |
||||||
| Bank | Securities | Venture Capital | Bank | Securities | Venture Capital | Bank | Securities | Venture Capital | |
| Manufacturing | 938,269 | 197 | 2,015 | 4.69 | 0.54 | 1.06 | 5.04 | 3.55 | 3.51 |
| Electricity and Utilities | 432,290 | - | - | 5.00 | - | - | 51.71 | - | - |
| Fossil Fuels and Chemical | 467,725 | 16 | 46 | 8.40 | 1.65 | 0.80 | 13.43 | 6.42 | 1.70 |
| Transportation | 850,324 | 833 | 20 | 11.76 | 1.23 | 0.14 | 18.99 | 3.62 | 7.30 |
| Electronics | 313,929 | 1,181 | 1,405 | 2.53 | 1.71 | 1.77 | 3.47 | 3.16 | 4.34 |
| Others | 451,975 | 47 | 415 | 1.43 | 0.43 | 0.22 | 3.05 | 1.18 | 1.97 |
| Cement and Glass | 177,210 | - | - | 52.68 | - | - | 148.94 | - | - |
| Metals and Mining | 120,793 | - | - | 10.17 | - | - | 11.67 | - | - |
| Wholesale and Retail Trade | 123,204 | 141 | 119 | 0.62 | 0.55 | 0.91 | 0.35 | 1.13 | 1.78 |
| Finance | 76,006 | 10 | 1 | 0.16 | 0.02 | 0.01 | 0.50 | 0.07 | 0.65 |
| Total | 5,501,355 | 3,227 | 4,021 | 2.56 | 0.91 | 0.80 | 4.85 | 2.41 | 3.04 |
For more details on Net Zero actions, please refer to the latest Sustainability Report.
