Task Force on Climate-Related Financial Disclosures (TCFD)
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Metrics and Targets
SinoPac Holdings has set climate targets for climate governance, climate opportunities, green procurement, green operations, capital allocation, internal carbon pricing, climate risk management, climate engagement, greenhouse gas emissions, energy usage, and other short, medium, and long-term goals. The Company will review and track the status of the metrics and targets each quarter in the Sustainable Development Committee and implement continuous amendments to strengthen our climate resilience and win business opportunities. Please refer to the Company's "2022 TCFD Report" p50~53 for more details.
Financed emissions in investment and financing
SinoPac Holdings adopted the "Financed Emissions: The Global GHG Accounting and Reporting Standard" methodology published by the Partnership for Carbon Accounting Financials (PCAF) and conducted a financed emissions inventory of the investment and financing positions on December 30, 2022. The scope of the inventory included mortgages, corporate loans, corporate and financial bonds, sovereign bonds and sovereign loans, electricity generation project finance, commercial real estate loans, listed stocks, motor vehicle loans and unlisted stocks. The overall coverage rate was 79.72% *Note1 . The financed emissions of SinoPac Holdings totaled 5.44 million tons CO2e and the overall carbon footprint was 3.4 tCO2e/NT$1 million in investment and financing.
| Asset Class | Investment and Financing Amounts | Proportion of Overall Investment and Financing Amounts |
|---|---|---|
| Mortgages *Note2 | 480,402 | 23.99% |
| Corporate loans | 422,102 | 21.08% |
| Corporate and financial bonds | 285,201 | 14.24% |
| Sovereign bonds & sovereign loans | 250,131 | 12.49% |
| Electricity generation project finance | 86,212 | 4.31% |
| Commercial real estate loans | 37,586 | 1.88% |
| Listed stocks | 23,056 | 1.15% |
| Motor vehicle loans | 6,964 | 0.35% |
| Unlisted stocks | 4,610 | 0.23% |
| Inventoried positions | 1,596,263 | 79.72% |
| Sectors for which inventory cannot be performed *Note3 | 406,034 | 20.28% |
| Overall investment and financing amounts | 2,002,297 | 100% |
- The evaluation covers all positions of the group, including all subsidiaries and domestic, as well as foreign positions.
- According to international PCAF standards, mortgages include house purchases and refinancing, but not mortgages that were not used for house purchases, or loans for housing construction and renovations.
- These sectors can not be inventoried as PCAF has not released related technical documents (including green investment and financing, personal credit, derivatives, funds, REITs, and MBS) or because some inventory information was missing.
| Asset Class | Investment and Financing Amounts (Million NTD) |
Financed Emissions (tCO2e) |
Carbon Footprint (tCO2e/million investment and financing) |
Data Quality Score (1: best, 5:worst) |
|---|---|---|---|---|
| Corporate loans | 422,102 | 2,540,853 | 6.0 | 3.6 |
| Sovereign bonds & sovereign loans | 250,131 | 1,519,507 | 6.1 | 2.0 |
| Corporate and financial bonds | 285,201 | 882,963 | 3.1 | 2.3 |
| Electricity generation project finance | 86,212 | 265,119 | 3.1 | 3.0 |
| Mortgages | 480,402 | 109,187 | 0.2 | 4.0 |
| Commercial real estate loans | 37,586 | 55,590 | 1.5 | 4.0 |
| Listed stocks | 23,056 | 47,864 | 2.1 | 1.1 |
| Motor vehicle loans | 6,964 | 8,468 | 1.2 | 3.4 |
| Unlisted stocks | 4,610 | 8,559 | 1.9 | 3.0 |
| Total | 1,596,263 | 5,438,111 | 3.4 | 3.2 |
Financed emissions for specific investment and financing assets
Carbon footprints for specific investment and finaccing assets
