Fubon Financial

Actively Implement the Four Key ESG Strategies to Leverage the Core Functions of Finance, thereby Fostering Positive Impacts for Sustainable Development in Both Industry and Society

Fubon Financial Holdings has once again received recognition for its commitment to corporate sustainability. In an effort to enhance the international competitiveness of the financial sector in response to climate change and sustainable development, the Financial Supervisory Commission has introduced sustainable finance evaluation indicators starting in 2023. At the second annual "Sustainable Finance Evaluation" awards ceremony held today (5th), Fubon’s four major subsidiaries—Taipei Fubon Bank, Fubon Securities, Fubon Life, and Fubon Insurance—were honored, each ranking in the top 25% of their respective industries: banking, securities, and insurance. This achievement makes Fubon one of the most awarded companies among its peers in the financial holding industry. The commitment of Fubon to long-term sustainable business practices is highly commendable. The company is proactively implementing four major ESG strategies: decarbonization, digitalization, empowerment, and connection. By continuing to utilize the core functions of the financial industry, Fubon plays a significant role in promoting sustainable development within both industry and society.

Fubon Life has been Recognized as a Top Performer in the “Sustainable Finance Evaluation” for two Consecutive Demonstrating its Commitment to Promoting Sustainable Business Practices

Fubon Life adheres to its core corporate value of "be positive, enrich life" and focuses on sustainable operations over the long-term. In alignment with the FSC's green and transitional finance initiatives, the company integrates both financial and non-financial efforts to promote sustainable industry development. It aims to increase its green finance investment balance annually, setting a target of over NT$2 trillion by 2030 to accelerate the low-carbon transformation of industries. Additionally, Fubon Life is committed to developing a "digital insurance service ecosystem," leveraging AI technology to enhance customer service experiences while reducing operational costs and carbon emissions. The company also plays a vital role in stabilizing society through active engagement in social welfare, including promoting financial fraud prevention education among the public and implementing anti-fraud measures within businesses, successfully preventing over NT$4 million in fraud in 2024. Furthermore, Fubon Life strengthens sustainable governance and stakeholder communication, continuously enhancing its resilience in sustainable operations, and has been recognized three times in the Stewardship Principles for Institutional Investors Information Disclosure best practices list. Looking ahead, Fubon Life will continue to deepen its commitment to ESG, expanding its financial influence to create common good value for the environment, society, and communities.

Taipei Fubon Bank has once Again Secured a Position in the Top 25% of the Second Sustainable Finance Evaluation

Taipei Fubon Bank has achieved notable recognition by ranking in the top 25% of banks in the second "sustainable finance evaluation," following its earlier success in the top 20% during the first evaluation. Among 34 banks assessed, it has maintained a leading position. The bank considers sustainability an integral part of its corporate identity and implements four primary sustainable strategies—decarbonization, digitalization, empowerment, and connection—to promote its ESG efforts. In the field of sustainable finance, Taipei Fubon Bank is committed to harnessing the financial industry's impact, taking on the role of underwriting and issuing manager for the Taipei City Government's sustainable development bonds in 2024, which will be the first instance of a government agency in Taiwan issuing such bonds. Furthermore, it has collaborated with green energy suppliers to establish Taiwan's first case of a financial institution facilitating corporate customers in the group buying of green energy.

At the same time, Taipei Fubon Bank is actively expanding its financial-friendly services. In 2024, the bank has released the first “Handbook for Financial Accessibility for Individuals with Disabilities” for private enterprises. Additionally, it has published the “Survey on Financial Literacy Among Migrant Workers” to promote inclusive financial initiatives for this group. Moving forward, Taipei Fubon Bank is committed to implementing sustainable practices as it strives to become a leader in sustainable finance.

Fubon Securities has Deeply Engaged in ESG Initiatives and Achieved a Commendable Position in the Top 25% during its Inaugural Participation in the FSC's "Sustainable Finance Evaluation"

Fubon Securities is committed to corporate social responsibility and actively pursues sustainable initiatives. The company’s initial involvement in the "sustainable finance evaluation" led to recognition among the top 25%. The scores in the Environmental (E), Social (S), and Governance (G) categories and all scores are all superior to those of peers which demonstrate outstanding performance.

Fubon Securities is committed to addressing environmental issues by not only focusing on climate change and creating a low-carbon operational environment but also actively guiding companies towards low-carbon transformation through engagement initiatives. The company has achieved notable success in climate risk strategies and supporting net-zero transitions. On the social aspect, it promotes financial-friendly services to enhance service quality and has developed a sustainable transformation plan for employees in response to sustainability trends, offering comprehensive education and training. The company has received recognition for its efforts in inclusive finance, human rights, and workforce development. In terms of corporate governance, Fubon Securities stands out for its avoidance of conflicts of interest, compliance with regulations, and strengthening of internal controls, earning significant praise from regulatory authorities.

Effectively Implementing Sustainable Practices and Governance in ESG, Fubon Insurance has Earned a Position in the Top 25% of the Sustainable Finance Evaluation

Fubon Insurance has consistently leveraged its core functions and integrated resources across various domains to develop insurance products that address multiple aspects of ESG. The company is also investing in emerging green energy research, creating a range of damage prevention consulting services for the solar, offshore wind, and energy storage industries. Furthermore, by utilizing generative AI alongside extensive safety knowledge, Fubon has developed a "Damage Prevention Database System," which has received a new patent. Additionally, Fubon Insurance employs financial technology by implementing the MID identity verification mechanism, allowing customers to apply for insurance and file claims online via mobile devices, thereby reducing carbon emissions from transportation. In the realm of crop insurance, the company utilizes drone technology for damage assessment, effectively streamlining the claims process and reducing operational time. Fubon is also committed to promoting electronic policies, achieving a high issuance rate that enhances customer experience and contributes to a paperless environment.

Fubon Insurance is committed not only to promoting environmental sustainability but also to implementing a customer-friendly service philosophy. This dedication has earned the company recognition in the top 25% of the FSC's "Assessment of the Implementation of Treating Customers Fairly Principles." Additionally, Fubon Insurance has achieved the international standard ISO 10002 for complaint management systems, demonstrating its ongoing efforts to enhance the quality of customer service.