The company's own operations GHG emissions mainly come from the operation of building facilities, purchased electricity, gasoline used by company vehicles, and natural gas used in employee cafeterias.
In line with our approved SBTi targets, KGI Financial Holding Co., Ltd. commits to reduce absolute scope 1 and 2 GHG emissions 42% by 2030 from a 2022 base year. In 2024, Scope 1 and 2 GHG emissions were 19,395.46 tCO2e,a reduction of 22.7%.
- 2024 Goals: Reduce emissions 10.5% from 2022
- Mid to Long-term Goals:Reduce emissions 42% by 2030 and 90% by 2040
- Reduced emissions through energy-saving measures, renewable energy, and site consolidation.
- Installed solar panels and procured RE.
Reduced emissions 22.7% in 2024
| 2021 | 2022 (Base year) |
2023 | 2024 | 2024 Target | |
|---|---|---|---|---|---|
| Scope 1 | 1,758.97 | 1,124.07 | 1,452.67 | 1,525.41 | 1,767.50 |
| Scope 2 (Market-based) |
20,270.39 | 23,956.08 | 20,415.24 |
17,807.05 |
20,679.23 |
| Scope 2 (Location- based) |
20,270.39 | 23,956.08 | 20,894.19 | 22,224.04 | 23,242.19 |
| Scope 1 & 2 (Market-based) |
22,029.36 | 25,080.15 | 21,867.92 | 19,395.46 | 22,446.73 |
| Scope 3 | 7,164.27 | 6,445.31 | 259,252.91 | 293,556.53 | |
| Inventory Coverage | 99.27% | 100.00% | 98.99% | 100.00% | |
| Verification Coverage | 99.27% | 96.14% | 98.99% | 100.00% |
Note:
- KGI Financial has set the verified SBT near-term target in March 2025, adjusted the coverage rate of the 2022 (base year) inventory to 100%, and updated the difference in emissions according to the adjustment.
- 2024 target is to achieve an absolute reduction target of Scope 1+2 under the SBT of KGI Financial, reducing by 10.5% compared to 2022 (base year). Scope 2 (location-based) target aligns with the electricity-saving target.
- We use ISO 14064-1:2018, GHG Protocol, and GHG Inventory Registration Operation Guidelines as the GHG inventory method. GWP value is cited from the 2021 IPCC AR6 report; the emission factors are cited from the GHG Emission Coefficient Management Table version 6.0.4 published by MOENV.
- GHG types include: CO2, CH4, N2O, HFCs, PFCs, SF6, and NF3.
- The emission factors for electricity usage are as follows: 0.502 kgCO2e/kWh, 0.509 kgCO2e/kWh, 0.495 kgCO2e/kWh, and 0.494 kgCO2e/kWh (Energy Bureau’s last year electricity carbon emission factor, used to calculate reporting year emission).
- Per capita emission = total emission / number of total employees, total employees including permanent employees, contract employees and dual-contract personnel.
- The 2024 inventory includes all KGI Financial and subsidiaries global sites (Except of KGI Bank's overseas subsidiary in liquidation, CDIB International Leasing Corp.)
- The operational control method is used as the method for consolidating the amount of greenhouse gases.
- In 2023, the Company's indirect GHG (Scope 3) inventory categories were added according to the GHG Protocol, including Purchased goods and services, upstream leased assets, Processing of sold products, use of sold products, End of life treatment of sold products, and downstream leased assets, and the overall Scope 3 emissions increased significantly due to the addition of the new inventory of KGI Life Insurance's downstream leased assets.
We actively develop and promote feasible energy-saving and carbon reduction plans, respond to green energy policies, reduce environmental impact, and pursue sustainable and balanced development with the environment. The company have successively introduced the ISO 50001 energy management system in the KGI Securities Dazhi Building, KGI Financial Headquarter Building, and the KGI Bank Kaohsiung, Chienkang, and Tungmen branches, and maintained the validity of the certificates. We are committed to improving energy performance while reducing emissions.
In 2024, KGI Financial purchased and used 8,816.28 MWh of renewable energy and self-generated 82.04 MWh of renewable energy, totaling 8,898.32 MWh of renewable energy, accounting for approximately 19.9% of KGI Financials total electricity consumption, equivalent to a reduction of 4,395.77 tCO2e.
- Electricity
- 2024 Goals : Annual electricity savings of 1%
- Mid to Long-term Goals : Continue Annual electricity savings of 1%
- Replaced high-efficiency lighting and Inverter air conditioning equipment
- Adjusted energy-consuming equipment settings
- Reduced total electricity consumption by 2.57% compared to 2023
- Used 8,898.3 MWh of renewable energy in 2024.
- Fuel-and-energy-related Activities
- 2024 Goals : Annual reduction of emissions by 1%
- Mid to Long-term Goals : Continue annual reduction of emissions by 1%
- Actively procuring RE
- Improved energy efficiency
- Reduced emissions by 7.64% compared to 2023
| Electricity Consumption | 2021 | 2022 (Base year) |
2023 |
2024 |
2024Target |
|---|---|---|---|---|---|
|
Non- renewable Energy |
40,379.3 | 40,028.2 | 40,834.9 | 35,808.1 | 40,426.6 |
|
Renewable Energy |
90.5 | 526.3 | 5,049.0 | 8,898.3 | 5,049.0 |
|
Coverage (%) |
99.27% | 96.14% | 98.99% | 100.00% |
Note:
- "1% goal reduction in purchased electricity target compared to 2023", estimated that the target value be achieved in 2024 = total consumption in 2023 x 99% (projected reduction of 1%)
- The 2024 inventory includes all KGI Financial and subsidiaries global sites (Except of KGI Bank's overseas subsidiary in liquidation, CDIB International Leasing Corp.)
- To improve the quality of data disclosure, the non-renewable electricity consumption of partial sites of CDIB capital in 2023 was revised
The company values the use of water resources, setting water-saving targets and promoting various water-saving measures to reduce water consumption. KGI Financial mainly uses water for drinking, air conditioning, and cleaning purposes, sourced from local water plants without the use of groundwater or other water sources. Additionally, kitchen facilities are equipped with oil-water separation devices to reduce water pollution, and there were no leakage incidents in 2024. The primary office building's restrooms are equipped with sensor faucets to effectivelyutilize water resources, and water-saving devices are installed in restrooms and pantries to effectively control water usage. When replacing equipment, priority is given to devices with water-saving labels.
To more effectively utilize water resources, KGI Financial headquarter building has installed water meters in public areas to monitor water flow, supplemented by a rainwater recycling system and optimized irrigation frequency for green spaces to make open space irrigation more water efficient.
- 2024 Goals : Annual water savings of 1%
- Mid to Long-term Goals : Annual water savings of 1%
- Used sensor faucets and water-saving labeled equipment.
- Reduced water consumption by 1.8% compared to 2023
| 2021 | 2022 (Base year) |
2023 |
2024 | 2024 Target | |
|---|---|---|---|---|---|
| Total Water Withdrawal (Million m3) | 213.7 | 214.6 | 223.9 | 225.5 | 227.3 |
| Total Water Withdrawal per Capita (m3 per capita) | 23.5 | 24.7 | 25.3 | 17.4 | 17.5 |
| Coverage (%) | 99.3% | 99.9% | 93.8% | 96.2% | - |
Note:
- KGI Financial mainly uses water for domestic use, and the volume of freshwater withdrawal is equal to the volume of water discharged, so the net consumption of freshwater is 0.
- Total water withdrawal per capita = Total water withdrawal / number of total employees, total employees including permanent employees, contract employees and dual-contract personnel.
- "Target reduction ratio by 1% compared to 2023", 2024 target = total water withdrawal in 2023 x 99% (projected reduction of 1%) ÷93.8% × 96.2% (additional scope of the inventory).
- The 2024 inventory includes all KGI Financial and subsidiaries global sites (Except of KGI Securities’ overseas subsidiaries and KGI Bank's overseas subsidiary in liquidation, CDIB International Leasing Corp.)
KGI Financial mainly generates general household waste from its operations. We strengthen the promotion of waste reduction and recycling to maximize the utilization of recycled resources. All waste and recyclable waste are transported to incinerators or recycling facilities by qualified contractors. Paper waste is managed by the responsible department according to the document destruction regulations and is handed over to qualified processing contractors for water destruction. The 2024 waste statistics include all global operating locations of KGI Financial and its subsidiaries.
- 2024 and Mid to Long-term Goals : Implement waste recycling statistics
- Implemented waste recycling statistics
- Used ceramic tableware and a buffet-style serving in employee cafeterias
- Total recycling amounted to 314.7 tons.
- KGI Financial employee cafeteria served a total of 490,595 meals, contributing to waste reduction efforts.
| 2021 | 2022 | 2023 | 2024 | ||
|---|---|---|---|---|---|
| Total waste recycled/ reused | 218.0 | 247.7 | 291.8 | 314.7 | |
| Non-recycled/reused |
landfilled |
6.2 | 9.8 | 18.8 | 43.6 |
| Waste incinerated (with Energy Recovery) | 264.5 | 415.1 | 479.6 | 969.3 | |
| Waste incinerated (without Energy Recovery) | - | - | - | 14.1 | |
| Other | - | - | - | - | |
| Total waste disposed | 270.7 | 424.9 | 498.4 | 1,341.68 | |
| Coverage | 99.27% | 99.93% | 93.81% | 100% | |
Note:
- According to the MOENV's 2024 Yearbook of Environmental Protection Statistics, the domestic average waste disposal method consists of incineration for power generation (averaging 95.3% in 3 years) and landfill (averaging 4.7% in 3 years). The table calculates the incineration and landfill quantity according to this ratio.
- The 2024 inventory includes all KGI Financial and subsidiaries global sites (Except of KGI Bank's overseas subsidiary in liquidation, CDIB International Leasing Corp.)
- Coverage of inventory = Number of employees in the scope of inventory / Total number of employees of the Company.
- KGI Financial transports, recycled/reuse wastes through legitimately registered companies for disposal at the resource recycling plant registered with the government. Non-recyclable wastes shall be transported through legitimately registered companies monthly for disposal at the treatment agency or landfill registered with the government.