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Fubon Financial

Fubon Financial Holdings Announces an Increase in their Green Finance Target to NT$2.9 Trillion by 2030 in Response to Earth Day

2024.04.18

"Fubon Online Running for All" Expands to Invite All People to Run for Green

In response to Earth Day on April 22nd, Fubon Financial Holdings continues to exert its influence in the financial industry, leading corporate customers to emphasize the environment and low-carbon transformation through investment and financing. In addition to the green financial achievement of over NT$2.57 trillion by 2023, Fubon Financial Holdings has set a new green financial target of NT$2.91 trillion by 2030, joining hands with various industries to run towards the vision of a sustainable Taiwan. Fubon Financial Holdings has also set an example by responding to the government's net-zero policy and has become one of the first international carbon credit trading buyers on the Taiwan Carbon Solution Exchange. Fubon Financial Holdings also announced the launch of "Fubon Run For Green Online Running for All" to expand the Run For Green initiative. In the future, people who record their running data through wearable devices or APP will be able to redeem a tree for every 40 kilometers they run. Fubon hopes that more people will join the Run For Green program and run for their personal health and the sustainability of the planet!

Richard M. Tsai, Chairman of Fubon Financial Holdings, said that Earth Day has been in existence for more than 50 years, and its purpose is to encourage all people to unite as individuals, organizations, and corporations to exert their power to make the Earth a better place to live in. As a green financial leader, Fubon Financial Holdings will continue to expand its positive impact through the four ESG strategies of "decarbonization, digitalization, empowerment and connection" to work towards the goal of net-zero carbon emissions.

Fubon Life is based on the four sustainable strategies of its parent company, Fubon Financial Holdings, and continues to utilize its financial expertise in a sustainable, low-carbon manner. On the financial side, Fubon Life has accelerated the development of green finance, and will no longer commit to investing in and financing power plants with a new coal-fired ratio of more than 50%. By the end of 2022, the total amount of ESG-themed investment has reached NT2.26 trillion, and the total amount of green investment has exceeded NT$1.8 trillion, and the amount of green procurement has reached NT$150 million in 2023. For six consecutive years, the Company has been awarded the first prize of the Ministry of Economic Affairs' "Buying Power: Introduction to the Reward Mechanism for Procurement of Socially Innovative Products and Services," and the Ministry of Environment of the Executive Yuan's "Outstanding Unit of Green Procurement," which has fully realized the responsible investment. At the same time, the company has been implementing green insurance services from its own perspective, utilizing MID identity authentication to promote mobile insurance and video insurance, truly implementing paperless insurance, and promoting digital services such as e-policies, e-notices, and mobile insurance, which can reduce carbon emissions by more than 400,000 kilograms a year, thus realizing the concept of environmental sustainability through insurance technology.

Taipei Fubon Bank is committed to assisting its customers in sustainable transformation. Through sustainable financial investments, lending, commodities, and professional services, it helps its customers improve their ESG performance, and as of 2023, it has provided 273 sustainability-related funds and offshore bonds, with a capital size of more than NT$12.6 billion, and the balance of its annual green credit for the year of 2023 even exceeded NT$260 billion. In order to establish a sustainable ESG culture, Taipei Fubon Bank organizes employee activities every year. This year, the bank especially launched the "Fubon Green Action, Sustainability Together" on Earth Day, designing a six-piece jigsaw puzzle of food, clothing, housing, transportation, education, and happiness, encouraging employees to "put together a good habit in life, and every day will be Earth Day"! At the same time, Taipei Fubon Bank also organized the "Green Action Market", inviting a number of social enterprises, such as Better Milk, Buy Nearby, and Victory Kitchen, to set up flash mobs to support local agriculture and social enterprises, and to promote the concept of land-friendly sustainability.

Fubon Insurance echoes the global and Taiwan net-zero trend and policy. In addition to actively investing in green energy insurance, Fubon Insurance is currently underwriting nearly one-quarter of Taiwan's solar photovoltaic projects, about half of Taiwan's onshore wind turbines, and participating in every offshore wind farm insurance program, making it Taiwan's largest green energy insurer, as well as being the first to propose the "2050 Net-Zero Underwriting". Through related services and actions, we assist our corporate customers in their low-carbon transformation. In recent years, we have also been promoting e-policies by organizing incentives for applying for e-policies, and continuing to promote e-platforms such as mobile business apps, remote solicitation, and digital form platforms. Statistics show that in 2023, we have issued nearly 9.4 million e-policies, which will reduce carbon emissions by nearly 770,000 kilograms. In addition, we are actively promoting the "Electronic Insurance Contract Terms Policy" for corporate insurance products. Customers can view the terms of the insurance contract by scanning the QR Code after receiving the paper policy, which can reduce paper printing by at least 75% and the application rate of 2023 has reached nearly 75%, which will not only enhance the efficiency of the service, but also contribute to the energy-saving and carbon-reducing efforts.

Fubon Securities focuses on sustainable development, assists corporations in green transformation, and actively interacts with investee companies to maximize the influence of institutional investors, which has earned Fubon Securities the recognition of "Outstanding Brokerage Firm for Disclosure of Institutional Investor Due Diligence and Governance Information" for two consecutive years. In addition, Fubon Securities will join hands with investors to emphasize sustainable investment. In 2023, Fubon Securities has led the industry in launching the integrated "ESG Zone", providing ESG scores for four major investment commodities, including Taiwan stocks, U.S. stocks, overseas bonds, and funds, to provide companies and investors with options for pursuing the common good of "investment" and "sustainability". In addition to the above, Fubon Securities has been actively installing solar power generation equipment and promoting paperless operations to enhance carbon reduction. Taking the use of green power as an example, starting from October 2023, the solar energy facilities built by Chiayi Branch Office of Fubon Securities started to generate electricity, and the Zhudong Branch Office is also expected to build renewable energy facilities this year, continuing to reduce the use of gray power.

For the non-financial side, Fubon Financial Holdings has been promoting the Run For Green initiative since 2021, with the goal of planting 100,000 trees in Taiwan within five years. In addition, Fubon Financial Holdings has also combined the power of sports sponsorship so that any runner who has accumulated 40 kilometers of running in the four major marathons is eligible to receive a tree, and so far, nearly 213,000 runners have accumulated so far, and more than 56,000 persons have been qualified to receive a tree. On Earth Day, Fubon Financial Holdings further launched the "Fubon Run For Green Online Running for All". In the future, no matter if people run in parks or playgrounds, they will be able to accumulate kilometers and redeem trees by uploading their data through Garmin and other wearable devices, or through common running record APP such as Strava. On April 21st and 22nd, Fubon Financial Holdings held two consecutive days of small-scale road running activities, including a run gathering with Garmin at Neihu Restoration Park, where participants were introduced to seven types of plastic recycling symbols, and in the evening of 22nd, the "Save the Earth, Make a Difference" run gathering was held and participants were invited to bring along their no-longer-used race jerseys for recycling and contribute to the greening of the world!

•"Fubon Run For Green Online Running for All" website: https://pse.is/5teswh



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