Only company in Taiwan to win “Best Initiative in Diversity and Inclusion”
Fubon Financial is deeply focused on sustainable operations, and it was once again recognized for this by the international community. The Asset Magazine, an international financial publication, recently announced the recipients of The Asset ESG Corporate Awards 2021. Fubon Financial has won the “Excellence in ESG - Platinum Award” every year since 2011 and this year it went higher to win the “Jade Award”, the highest ESG honor, for the first time. The Asset established the Jade Award in 2020 to commend outstanding companies in ESG, recognizing Fubon Financial for its implementation and achievements in corporate sustainability. Fubon Financial also won this year's "Best Initiative in Diversity and Inclusion" for its industry-leading employee care, the only financial company, and the only company in Taiwan, to be so recognized.
Richard M. Tsai, chairman of Fubon Financial, indicated that this year coincides with the 60th anniversary of Fubon Group. Fubon Financial’s four major focuses currently are low carbon, digital, incentive, and impact. It is emphasizing a low-carbon strategy and has established the "Run for Green" ESG initiative to create a more sustainable earth. In the face of demographic decline, Fubon Financial also continues to optimize maternity subsidies and to create a happier workplace, as its employees are the company’s most important assets. During the most severe moments of the pandemic in Taiwan, Fubon Financial led local companies to set up Fubon screening stations, putting employee care first to become a leader in corporate pandemic prevention.
Fubon Financial recognized again for sustainability, upholding global standards
Echoing the international trend of net zero emissions, Fubon Financial is using its influence to lead companies and the public to net zero in Taiwan in both financial and non-financial aspects. In Run for Green, as a leader in climate finance in Taiwan, Fubon Financial released the domestic financial industry’s first Task Force on Climate-related Financial Disclosures report in June 2021 and became the first in Taiwan to promise not to invest in power plants with a coal-fired ratio exceeding 50%. It has formulated access and capital withdrawal standards for five high-carbon-emission-sensitive industries, actively guiding funds to society and environmentally-friendly industries whilst unleashing the positive energy of capital and creating sustainable value.
Non-financially, Fubon hopes to join hands with the public to run for green and take practical action to promote sustainability. It donated the first electric blood donation vehicle in Taiwan and continues to promote domestic green events, sponsor marathons (four), put forward the green initiative of “running 40 kilometers with Fubon planting a tree for you”, and invited the public, local governments, and the national road-running association to jointly plan for a low-carbon life. By raising awareness of sustainability, it hopes to make every step a "tree".
Fubon cares about low birth rates, employee physical and mental health; more than NT$100mn to build a happier workplace
Fubon Financial is committed to creating a diverse, inclusive, and welcoming work environment for all employees. In order to assist employees when giving birth and during childcare, Fubon Financial boosted its birth and parenting subsidies in June 2021, including 10 weeks of paid maternity leave superior to the law, and NT$100,000 per newborn and NT$15,000 per year for children under the age of 6. At the same time, in order to encourage prospective fathers to share in the hardship of childbirth, paternity leave was increased from 5 days to 7 days. In 2021, more than 5,500 employees were subsidized to the value of more than NT$100mn. Fubon Financial will continue to monitor the demographic decline, optimize leave that meets the needs of employees, and create a happier workplace.
During the height of the pandemic in June 2021, Fubon Financial set up the industry’s only screening station to help employees monitor their health in real time, resulting in more than 11,000 individuals being screened by the end of the year. It also provides employees with paid pandemic prevention leave, family care leave, deferred marriage leave and annual leave, household rapid test reagents, an up to NT$50,000 consolation payment for confirmed cases, employee group insurance for "statutory infectious disease health insurance", and other measures, so that those who need to can take care of their families with peace of mind. Fubon Financial hopes to work with society to fight the pandemic, take care of employees and their families, fulfill its social responsibility, and jointly wait for the day the pandemic is vanquished.
In the second half of the year, Fubon Financial won several major sustainability awards at home and abroad, including four international sustainability assessments, serving as both recognition and impetus to move forward. Fubon has been selected as a constituent of the Dow Jones Sustainability Index World Index for five consecutive years, entered into the MSCI ESG Leaders indexes, and obtained an AA rating from MSCI ESG (with AAA the highest), the best performance amongst its industry peers in Taiwan. It has also won the highest honor of being placed on the "A List" in the CDP climate change assessment for two consecutive years. In Sustainalytics’ ESG rating, Fubon ranked among the top three in the global insurance industry. Looking forward, Fubon Financial will remain true to its mission statement, work hard when pursuing sustainable development, fulfill its corporate responsibility, and create an environment focused on the common good.