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Greenhouse Gas Inventory

Greenhouse Gas Inventory Scopes

  1. The greenhouse gases included in the inventory by the Bank include all greenhouse gases listed in the IPCC Sixth Assessment Report. The Bank also references the current national greenhouse gas inventory methods. In emission sources of Category 1 direct emissions, substances restricted by the Montreal Convention are excluded from the report. The directly emitted greenhouse gases of Category 1 include CO2, CH4, N2O, HFCs, PFCs, SF6, and NF3. The inventory results show that the direct greenhouse gas emissions of the Bank include CO 2, CH4, N2O and HFCs.
  2. The organizational boundary of the Bank's GHG inventory is set in accordance with the business control approach, and the Bank launched GHG inventory operation voluntarily in 2017. The Bank adopted the ISO 14064-1: 2006 standards to complete the inventory of direct emissions (defined as Scope 1 in the Greenhouse Gas Protocol) and indirect emissions (defined as Scope 2 in the Greenhouse Gas Protocol) of greenhouse gases; the Bank expanded the inventory to Scope 3 GHG emissions from some raw materials in 2018. In 2019, the Bank adopted the new version of ISO 14064-1:2018 to conduct GHG inventory, and expanded the scope of the inventory in accordance with the new standards. In addition to direct GHG emissions (defined as Category 1 in the new standards) and emissions from purchased electricity (defined as Category 2 in the new standards), the Bank has introduced the concept of life cycle of carbon emissions to fully quantify and report all upstream and downstream indirect emissions related to other activities and raw materials within the organizational boundary. To increase the scope and possibilities of future reduction measures, starting from 2020, the Bank appointed an independent third-party to conduct external certification based on the new standards to facilitate the Bank's continual establishment of energy conservation and carbon reduction projects in the future, thereby improving energy efficiency and reducing intensity of GHG emissions.
  3. Greenhouse Gas Inventory Scopes
  4. Greenhouse Gas Inventory Scopes

Greenhouse Gas Inventory Performance

  1. 2021 GHG Inventory Results
    To track the effectiveness of GHG reductions over the years, the Bank has regularly tracked GHG emissions since 2017. In 2021, the Bank’s Category 1 and Category 2 GHG emissions were 16,361.208 tons of CO2e, of which Category 1 emissions were 1,947.895 tons of CO2e (approximately 12% of the total), and Category 2 emissions were 14,413.313 tons of CO2e (approximately 88% of the total).
    2021 GHG Inventory Results
    2021 GHG Inventory Results
  2. 2021 Greenhouse Gas Reduction Performance
    The Bank uses 2020 as the base year to set the short-term goal of reducing total carbon emissions (category 1 and category 2 carbon emissions) by 1% or more every year compared to the previous year. We hope to achieve the long-term goal of reducing carbon emissions by 10% by 2030. Therefore, the Bank aimed to reduce carbon emissions to 16,987 tons CO2e in 2021, achieving the shortterm goal (reduce carbon emissions by 1% in 2021 compared to 2020).
    In 2021, the greenhouse gas emissions of the Bank totaled 16,361.208 tons CO2e, representing a reduction of 4.65% compared to the base year. The reduction exceeded the original goal by 3.65%. It was mainly due to the significant results of the Bank’s energy-saving and carbon-reducing measures.
    2021 Greenhouse Gas Reduction Performance