In 2016, Fubon Financial Holdings formulated the "Golden Practices" strategy to accommodate the "Fubon ESG Visioning Project," a strategic blueprint drafted by Fubon Financial Holdings based on the UN's sustainable development goals (SDGs). The strategy aims to continue Fubon's promotion of a more diverse and equitable culture of "positive energy" and create a welcoming workplace environment that offers employees a sound work-life balance. Meanwhile, in light of the impact of climate change on the environment, Fubon remains committed to actively supporting government policies that promote environmental protection, energy conservation, and reduced carbon emissions and actively participates in the Carbon Disclosure Project (CDP). In addition, Fubon makes full disclosure of its carbon usage and strategies for climate change risk management for the whole world to see. Since 2013, Fubon Financial Holdings has participated in the Taiwan Corporate Sustainability Forum (TCSF), underscoring our dedication to creating a green finance brand and providing services rooted in green values. By expanding Fubon's communication and interaction with local communities and generating tangible results through our various policies and programs, we are fulfilling our corporate social responsibility and helping to promote sustainable development.
Establishment of Working Teams
In 2015, Fubon Financial Holdings established the ESG Task Force under the Corporate Governance and Sustainability Committee. The Task Force consists of six separate working teams and is overseen by an independent director. The Human Resources Division reports to the Employee Care Team of the ESG Task Force, and is primarily tasked with matters relating to employee compensation and benefits, talent development, labor-management relations, and the maintenance of a healthy workplace. The General Administrative Office serves under the Environmental Sustainability Team, and building management companies of Fubon's main office building management divisions have been retained to provide assistance and management support. The Environmental Sustainability Team is primarily tasked with handling environmental management and green purchasing, and helping Fubon become a low-carbon enterprise.
Meanwhile, senior executives from the Human Resources Division and the General Administrative Division are selected to serve as working team committee members and are responsible for summarizing the latest status of responsible investments executed by relevant departments of Fubon's subsidiaries and reporting their findings to the ESG Task Force on a regular basis. Moreover, the team provides periodic education and training to working team members in order to boost their knowledge and awareness of sustainability issues among working team members and ensure the effective promotion and implementation of ESG guidelines.
Formulating Effective Management Policies
In order to effectively make use of the Golden Practices strategy to promote various programs developed by the Employee Care Team, the Human Resources Division is responsible for attracting, incentivizing, training, developing, retaining, and accumulating the human capital needed to achieve sustainable operations in accordance with internal quality management policy. Furthermore, Fubon has set its sights on having the most innovative human resources team in Asia to provide professional human resources services within the Company. In addition, we have consulted the core standards articulated in the Universal Declaration of Human Rights and International Labor Organization declarations to formulate our own "Human Rights Policy" and Corporate Social Responsibility Best Practice Principles for suppliers, and in 2017 we comprehensively launched the "Fubon Financial Holdings Human Rights Due Diligence Survey" which is used to identify and analyze critical risks for different groups including suppliers, employees, customers, and investment targets as well as key groups which could pose potential risks. Management systems and mitigation measures currently in place are reviewed, and projected targets are set in order to ensure that all interactions between internal employees and external suppliers are handled in a manner that is equitable, respectful, and free of discrimination. To mitigate our impact on the environment, Fubon is continuing to promote various types of programs to conserve energy, reduce carbon emissions, and protect the environment. Aside from increasing environmental awareness among employees within the Company and encouraging employees to lead by example, we urge our external suppliers to follow the government's environmental protection policies. Our goal is to create a superior work environment and a green finance brand through various employee care and environmental sustainability programs and combine internal and external resources to achieve mutual prosperity for a better society.
Promoting Strong Management Practices
Fubon Financial Holdings strives to foster an internal corporate culture of equality, tolerance, and open communication. In addition to providing employees with solid career development options in the form of a structured, open-ended, and independent two track learning system, we aim to cultivate a stable and rewarding environment to retain talent, promote a safer and healthier workplace, and strike a better work-life balance. In terms of environmental sustainability, Fubon is dedicated to implementing programs to lower emissions and promote sustainable development. It is our sincere hope that continuing to implement our employee care and environmental sustainability policies will result in more positive energy at all levels of the Company and enable us to establish a model workplace.
|Management Practices||Results of Fubon Financial Holdings' ESG Policies in 2017|
|Pinpoint Fubon's Total GHG Emissions by Expanding the Scope of the GHG Inventory||
|Minimize Waste and Maximize Recycling||Continue to promote environmental education and training to encourage Fubon employees to implement waste sorting, reuse, and recycling.|
|Prioritize Purchases of Products Certified as Energy-efficient, Eco-friendly, or with Green Building Label||
|Hold Energy Conservation Competitions, Highlight Environmental Issues, and Use Training to Increase Employee Participation & Affinity||
|Meet Government Policies & Environmental Protection Pledges, Continue Green Purchasing and Supporting Green Energy||
|Foster a Culture of Equality, Tolerance, and Open Communication||
|Enhance Employee Skill Sets Via Structured Career Development||
|Foster a More Diverse and Autonomous Learning Environment||
|Use Social Empowerment to Respond to latest Trends||
|Cultivate a Stable and Rewarding Environment to Retain Talent||
|Cultivated a Positive Brand Image through Digital Technologies to Attract Top Talent||Continued to hold large-scale on-campus recruitment drives and utilized more diverse hiring channels including social media platforms to successfully encourage 1,768 new individuals to join Fubon, accounting for 11.8% of all employees and resulting in a successful new hire rate of nearly 80%.|
|Promote a Safer and Healthier Workplace and Better Work-life Balance||
Marriage and Child Care
Health Promotion Efforts
Safe work environment