Fubon Financial Holdings launched the "Fubon ESG Visioning Project" to manage the opportunities and challenges brought by risks in attaining sustainability and address issues of concern to stakeholders. Under the Corporate Governance and Sustainability Committee, the "ESG Task Force" was established to more closely align Fubon's sustainability strategies with stakeholder demands. Starting in 2020, the five major strategies have been adjusted into six major strategies that focus on "Sustainable Governance, Responsible Finance, Innovative Services, Employee Care, Environmental Sustainability, and Tender Care". Also tied to the United Nations’ Sustainable Development Goals, Fubon's core competencies are leveraged to strengthen our sustainable practices and steadily pursue 16 of the SDGs to promote sustainable and inclusive economic growth, social development, and environmental protection. The initiatives also aim to enhance Fubon’s competitiveness and harness the positive influence of the financial sector. The six major strategies are carried out by the "ESG Task Force", which reports to the Corporate Governance and Sustainability Committee and the Board of Directors twice a year.
To measure the value of the six major sustainability strategies and apprehend the ESG Visioning Project's social and environmental impacts and benefits, Fubon Financial Holdings continues to review our operations through the KPMG True Value methodology. By internalizing external costs and evaluating non-financial performance measures financially, we strive to enhance disclosure quality in our sustainability report and reach out to our stakeholders.
Since 2018, Fubon Financial Holdings has been using the KPMG True Value methodology to assess and measure the environmental and social impacts created by our operations. The results of our calculations are presented in an integrated profit and loss table.
Fubon Financial Holdings' real earnings in 2019 were NT$ 99.5 billion. It is an approximately 34 billion-dollar increase from traditional financial performance. The real earnings in 2019 increased NT$10.4 billion from that of 2018. NT$ 2.57 billion of which were attributed to the Company's environmental and social values of externalities.
Indicators of the growth in values of externalities in 2019 include air pollutant and greenhouse gas emissions avoided by renewable energy generation (91% growth), green purchasing (6% growth), as well as the economic contributions of our employee compensation and benefits (8% growth). Moreover, we are dedicated to lowering the external costs generated from the Company operations. Indicators of reduction in external costs in 2019 include greenhouse gas emissions (2% reduction), air pollutant emissions (49% reduction), and waste disposal (43%). See detailed data of each indicator in the social/environmental impact section in Chapter 6.1 Environmental Sustainability and Chapter 7.1 Employee Care.
Fubon’s Glorious Achievements >