Energy Conservation and Carbon Reduction
Energy Conservation and Carbon Reduction Guidelines
Taishin continues to gradually reduce greenhouse gas emissions through the Net Zero Trilogy, including energy conservation, energy creation and energy procurement, and then introduces internal carbon pricing to evaluate the most carbon-efficient decisions and carefully implement cost planning. Taishin invested a total of NT$74 million in the energy-saving project in 2024, achieving an annual cost saving of approximately NT$3.7 million. The carbon reduction of the project in 2024 reached 4,950 metric tons, representing 26.9% of total Scope 1 and Scope 2 emissions in 2024.
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Air conditioning energy management system/1 location in total
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206,000
-
102
-
206,000
-
102
-
Replacement of old air conditioners/49 locations in total
-
78,120
-
39
-
1,426,838
-
705
-
Replacement of energy efficient lights/39 location in total
-
345,246
-
171
-
1,173,810
-
580
-
Green Building/7 buildings in total
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-
-
-
-
Include the energy-saving benefits of air conditioning or lighting fixtures
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Include the carbon reduction benefits of air conditioning or lighting fixtures
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Renewable energy certificates/389,000 kWh in total
-
-
-
42
-
-
-
192
-
Renewable energy/17,125,607 kWh in total
-
-
-
4,597
-
-
-
8,460
Internal Carbon Pricing
Taishin adopts a shadow price model to implement internal carbon pricing. Combining external credible carbon prices and the investment costs of carbon reduction projects over the years, the carbon price is set at NT$2,400 per metric ton as a reference for the Group to promote low-carbon investment. It is mainly applied to Scope 2 reduction path. In order to reduce emissions in the upstream value chain, the procurement units of Taishin's subsidiaries not only consider equipment specifications and costs when procuring specific energy-consuming equipment, but also incorporate the carbon cost of each item into capital expenditure decisions to conduct cost-benefit analysis. In 2024, a total of 20 procurement cases were evaluated using internal carbon pricing, including computer equipment, video conferencing equipment, air conditioning units, firewall equipment and LED lights, etc., with an annual electricity saving of 230,461 kWh.
GHG emission intensity
Through energy conservation and carbon reduction action plans every year, the total emissions of Scope 1 and Scope 2 calculated on a market based were 18,382 tCO2 e in 2024, a 6.2% decrease compared to the total emissions in 2023.
Scope 1 + Scope 2
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II (location based)(tCO2e)
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21,934
-
21,626
-
21,246
-
21,089
-
II (market based)(tCO2e)
-
21,872
-
21,248
-
17,683
-
16,450
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I+II (location based)(tCO2e)
-
23,529
-
23,489
-
23,156
-
23,021
-
I+II (market based)(tCO2e)
-
23,467
-
23,111
-
19,593
-
18,382
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Carbon emission intensity (market based)(tCO2e/ per person)
-
2.11
-
2.05
-
1.69
-
1.51
-
Carbon emission intensity (market based approach)(tCO2e/NTD million)
-
0.33
-
0.35
-
0.28
-
0.21
Note :
1.Taishin Group's greenhouse gas emission targets cover Scope 1 and Scope 2 emissions, including CO2 , methane and hydroflu orocarbons. As Taishin is in the financial industry, there are no emissions in relation to ozone depleting substances, nitrogen oxides, sulfur oxides, etc. The electricity usage emission coefficient used for calculation is 0.000494 tCO2 e/kWh in 2023.
2.Taishin Life joined Taishin FHC in July 2021. Therefore, the 2021 data are retrospective estimates, and actual data from Taishin Life are used starting in 2022.
3.8 second-tier subsidiaries of Taishin FHC, including Taishin Sports Entertainment, Taishin D.A. Finance, Taishin Financial Leas ing, Taishin Futures, Taishin Securities Venture Capital, Taishin Capital, Taishin Health Investment, and Taishin Real-Estate Management, as well as 6 locations of Taishin Bank were included in the inventory in 2024. Carbon emissions figures from 2021 to 2023 are based on estimation, and actual figures are used in the scope of inventory from 2024 onwards.
4.The number of people with carbon emission intensity was the sum of the full-time and non-full-time employees of Taishin FHC and its subsidiaries.
5.Revenue (NT$) per metric ton of carbon was NT$4,711,554 in 2024, an increase of 32% compared with the previous year.
6.Data coverage is calculated by the consolidated revenue of all consolidated parent and subsidiary companies, and is 100% for year 2021-2024.
Scope 3
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Total Scope III emissions (excluding investment)(tCO2e)
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34,100
-
34,603
-
35,592
-
45,601
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Investment (tCO2e/kilometers)
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4,208,440
-
1,050,870
-
1,304,554
-
4,787,828
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Total Scope 3 emissions (including investment)
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4,242,540
-
1,085,473
-
1,340,146
-
4,833,429
Note:
1.ISO 14064-1 Scope 3 verification projects include: fuel and energy-related activities, industrial investment and product use (water dispenser, ATM, credit card manufacturing, Credit card use and disposal has been added in 2022, and paper purchasing has been added in 2023. Electricity emissions of downstream leased assets - leased locations have been added in 2024. The remaining items were internal statistics and have not been verified by ISO).
2.In conjunction with the verification and setting of carbon reduction targets for paper purchases in 2023, the emissions of the original purchased goods and services are self-disclosed and adjusted to reflect the emissions of paper purchases from 2021 to 2022. Fuel and energy related activities, Processing of Sold Products is also adjusted to reveal ISO verification numbers.
3.Taishin Life joined Taishin FHC in July 2021. Therefore, the 2021 data are retrospective estimates, and actual data from Taishin Life are used starting in 2022.
4.8 second-tier subsidiaries of Taishin FHC, including Taishin Sports Entertainment, Taishin D.A. Finance, Taishin Financial Leasing, Taishin Futures, Taishin Securities Venture Capital, Taishin Capital, Taishin Health Investment, and Taishin Real-Estate Management, as well as 6 locations of Taishin Bank were included in the inventory in 2024. Carbon emissions figures from 2021 to 2023 are based on estimation, and actual figures are used in the scope of inventory from 2024 onwards.
5.Data coverage is calculated by the consolidated revenue of all consolidated parent and subsidiary companies, and is 100% for year 2021-2024.
Energy use
Taishin's sources of renewable energy mainly come from participation in Taipower's small-amount green power project and solar power procured from electricity retailing companies. The company started following SBTs and the 4.2% reduction pathway in 2022 and increasing the percentage and number of offices using renewable energies. The second source is transition renewable energy certificates (TRECs) from externally purchased solar power. However, energy self sufficiency is constrained by factors such as roof area, and so the power generated accounts only a small percentage.
For non-renewable energy sources, gasoline is the main source next to purchased electricity. Taishin promised to stop purchasing new pure fossil fuel vehicles for business vehicles in 2022. The goal is to retire existing business vehicles gradually and replace them with hybrid or electric vehicles. Taishin also encourages employees to adopt virtual meeting systems and use taxi-pooling, and assesses the feasibility of installing charging stations for motorcycles, shared bicycles, and electric cars at different locations in order to reduce gas consumption.
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Renewable energy-Self-generated for self-use (kWH)
-
3,000
-
16,300
-
33,506
-
33,506
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Renewable energy-Purchased green electricity (kWH)
-
0
-
680,000
-
7,140,689
-
9,304,918
-
Renewable energy-Purchased renewable energy certificates (kWH)
-
123,000
-
63,000
-
73,000
-
85,000
-
Non-renewable energy-Gasoline(L)
-
279,706
-
316,728
-
318,276
-
306,697
-
Non-renewable energy-Gasoline(kWH)
-
2,536,871
-
2,872,652
-
2,886,692
-
2,781,669
-
Non-renewable energy-Diesel fuel(L)
-
9,348
-
11,781
-
8,655
-
5,516
-
Non-renewable energy-Diesel fuel(kWH)
-
92,119
-
115,073
-
84,540
-
53,873
-
Non-renewable energy-Purchased electricityl(kWH)
-
43,130,507
-
41,867,060
-
35,757,074
-
33,252,300
-
Renewable energy+Non-renewable energy(kWH)
-
45,885,497
-
45,604,085
-
45,975,501
-
45,511,266
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Electricity consumption intensity(kWH/per person)
-
3,895.58
-
3,773.36
-
3,713.67
-
3,498.58
-
Electricity consumption intensity(kWH/NT$1 million in revenue)
-
614.56
-
641.40
-
615.07
-
492.75
-
Outside the organization (Credit card manufacturing)-Power consumption(kWH)
-
6,636,782
-
7,114,639
-
6,947,204
-
6,955,890
Note:
1.The Energy Heat Value Chart of the Energy Administration, MOEA is used for converting the heat value of energy, in which electricity (consumer) (860kcal/kWh), gasoline (7,800kcal/L), diesel fuel (8,400kcal/L); Using the conversion factor from joule to calorie (4.186 kJ/ kcal).
2.Taishin FHC has accumulated a total of 10 solar panels, of which the electricity generated by solar panels at the Neihu Building are sold to Taiwan Power Company in wholesale. Solar power generation at the remaining 9 sites are for self-use. Hence, the self-generated power generation is the estimated value after excluding the Neihu Building.
3.The number of people with electricity intensity was the sum of the full-time and non-full-time employees of Taishin FHC and its subsidiaries.
4.Taishin Life Insurance joined Taishin FHC in July 2021. Oil consumption in 2021 were replaced by 2022 figures, and electricity consumption calculated based on actual electricity consumption. Starting in 2022, actual figures will be incorporated into the scope of investigation.
5.8 second-tier subsidiaries of Taishin FHC, including Taishin Sports Entertainment, Taishin D.A. Finance, Taishin Financial Leasing, Taishin Futures, Taishin Securities Venture Capital, Taishin Capital, Taishin Health Investment, and Taishin Real-Estate Management, as well as 6 locations of Taishin Bank were included in the inventory in 2024. The figures related to non-renewable energy from 2021 to 2023 will be replaced with the figures from 2024.
6.Electricity consumption intensity calculation includes renewable energy and non-renewable energy. Revenue (NT$) per kWh of electricity consumption was NT$2,029 in 2024, an increase of 25% compared with the previous year.
7.Data coverage is calculated by the consolidated revenue of all consolidated parent and subsidiary companies, and is 100% for year 2021-2024.
