The Company has taken steps to align its allocation of capital with responsible investment principles. Fubon subsidiaries have adjusted or are in the process of adjusting related investment policies, written investment procedures and voting rights on shareholders meeting motions related to making or managing investments to mitigate the environmental footprint of those investments.
In 2014, the Company applied responsible investment principles to two major investment functions – how investment policies are shaped and how investments are made and managed – as explained below.
Other actions taken by Fubon subsidiaries in 2014:
- Fubon Life and Fubon Financial Holding Venture Capital pursued green enterprise investment opportunities, investing in solar power-related green energy sectors.
- Fubon Financial Holding Venture Capital got actively involved in promoting sports education and activities, bringing the Fubon Braves basketball team under the Fubon Financial Holdings umbrella.
- Fubon Life’s loan department prepared to begin consolidating its monthly billing notifications rather than sending an individual bill for every loan and offer e-billing starting on Jan. 15, 2015, hoping to reduce paper use and save natural resources.
- To strengthen the Company’s secured loan allocation and support the government’s policy to help people without their own home buy one, Fubon Life became the exclusive underwriter of mortgages for the Fuzhou affordable housing project in Banqiao (not including for storefronts or reserved housing units), making NT$950 million in loans to 187 households. Of those, 78 were households eligible for interest subsidies (on up to NT$2.2 million of the mortgage for each household, with interest rate subsidies paid on a total of NT$172 million in loans). The money was to be disbursed in May 2015. To be eligible for the interest subsidies, buyers of affordable housing units must be buying their first home and have annual incomes below the median (which was NT$1.58 million in Taipei in 2012). Through its participation in the project, Fubon Life helped nearly 200 lower-income families see their dream of owning a home come true.
- When Fubon Life signs a contract with an architect for a land development project, green building concepts such as environmental protection and energy and water conservation are incorporated into the contract’s clauses. This commitment to green building is reflected in the standards the projects have met. Fubon Life’s A10 commercial and hotel building project in Xinyi District received Diamond certification under Taiwan’s EEWH green-building standard, the highest certification possible, while the Dunnan office building developed by Fubon Life is a candidate for Diamond certification. In addition, a Fubon Life hotel project on DaAn Road is a candidate for certified status under the standard.