Fubon Financial

With an Overall Score that Ranks in the Top 3% of the Global Insurance Industry, there has been Notable Growth in the Field of "Sustainable Finance"

Fubon Financial Holdings has once again received international recognition for its commitment to sustainability. On the 16th, the Dow Jones Sustainability Indices (DJSI) announced the constituents for the 2024 index, and Fubon Financial Holdings has been selected for the eighth consecutive year as a constituent of the prestigious Dow Jones World Index (DJSI World). The company ranks in the top 3% globally within the insurance sector, achieving the highest scores in four evaluation categories. Additionally, Fubon Financial Holdings has been included in the Dow Jones Sustainability Emerging Markets Index for nine consecutive years, solidifying its status as a leader in sustainable performance on the international stage.

Established by S&P Dow Jones Indices LLC, the Dow Jones Sustainability Index (DJSI) is the premier global benchmark for corporate sustainability assessments. With a history spanning over two decades in sustainability evaluations, it is currently considered one of the most authoritative and credible indices in the field. In 2024, over 9,400 companies engaged in the evaluation process, and the DJSI is recognized as a significant tool for institutional investors assessing sustainable performance.

Richard M. Tsai, the Chairman of Fubon Financial Holdings, emphasized the company's commitment to sustainable operations, leveraging the influence of the financial sector to collaborate with Taiwanese industries towards achieving a net-zero future. Since the initiation of the "Sustainable Management ESG Vision Project" in 2015, Fubon Financial Holdings has made significant strides in both financial and non-financial aspects of sustainability. This year, the company has once again been recognized as a constituent of both the "World Index" and the "Emerging Markets Index," with notable improvements in its "Sustainable Finance" performance, underscoring the international recognition of Fubon Financial Holdings' long-term dedication to corporate sustainability.

Fubon Financial Holdings consistently strives for sustainable competitiveness in its operations, aligning with world-class sustainability standards. This commitment is reflected in this year's DJSI assessment across economic, environmental, and social dimensions, where it achieved perfect scores in four categories: information disclosure transparency, policy influence, tax policy, and human rights issues, placing it in the top 3% of the global insurance industry (PR97).

Financial institutions play a crucial role in directing the flow of capital. The recently concluded COP29 conference, often referred to as the Financial Climate Summit, highlighted the active negotiations among nations regarding climate financing, underscoring the significance of finance in addressing climate change. Fubon Financial Holdings aligns with international trends in two key areas: "Sustainable Finance" and "Climate Strategy." Its performance in related categories ranks in the top 1% globally within the insurance industry. Notably, in 2024, the company plans to establish engagement and voting guidelines applicable to both the holding company and its subsidiaries, aiming to leverage financial influence to promote sustainable transformation among businesses.

To lead in sustainable finance, Fubon Financial Holdings is continuously enhancing its efforts in low-carbon investment and financing, sustainable products and services, and ESG integration. The company has set a medium- to long-term target of achieving NT$2.91 trillion in low-carbon investment and financing by 2030, having already reached NT$2.52 trillion by the end of the third quarter of 2024. Its subsidiaries are also responding to the low-carbon strategy by promoting various sustainable products and services aligned with their core operations. Notably, Taipei Fubon Bank acted as the underwriter and issuing manager for the Taipei City Government's NT$2.5 billion sustainable development bond, marking the first instance of a government agency in Taiwan issuing such bonds. The funds raised will support the construction of the Taipei metropolitan area's mass transit system, contributing to its ongoing operation. Additionally, the company organized the Xiangyang diversified syndicated loan project, which saw enthusiastic participation from 17 banks, resulting in an oversubscription of nearly 200%, setting a record for the highest amount in Taiwan's fishery and energy co-lending projects. Furthermore, Fubon Insurance has become the first in Taiwan's property insurance industry to propose a "Net Zero Underwriting" goal for 2050, aiming to cease underwriting for coal and fossil fuel companies that lack concrete carbon reduction actions or low-carbon transition plans after 2050. The company will also assist its corporate clients in their low-carbon transition through relevant services and initiatives.

Fubon Financial Holdings has consistently achieved outstanding results in the DJSI rankings. Additionally, it has maintained a leadership level in the CDP climate change assessment for four consecutive years, ranked as the top performer in sustainability within the Asia-Pacific insurance sector by Sustainalytics, and received Prime Status recognition from ISS ESG. Furthermore, it has been recognized as one of the top 500 sustainable reputation brands globally by Brand Finance for two consecutive years and was selected for the inaugural TIME list of the top 500 sustainable companies. Fubon Financial Holdings has also been honored as the dual champion in the insurance sector for two consecutive years by Institutional Investor's "Asia's Best Management Teams." With a remarkable achievement of securing first place in six major awards, it dominates the Asian insurance market. Fubon Financial Holdings is committed to sustainability, leveraging positive forces to create shared societal benefits and collaborating with stakeholders to build a new sustainable society.