Fubon Financial

The Carbon Disclosure Project (CDP) and the Business Council for Sustainable Development (BCSD Taiwan) held the "CDP Taiwan Launch Event" today (10th). During the event, the CDP's "Corporate Health Check Report" was presented, providing an in-depth analysis of global and regional data. Additionally, companies awarded the highest honor of "A" (A-List) in the climate change rankings for 2024 were recognized. Fubon Financial Holdings was invited to the award ceremony, where Senior Vice President Stacy Liu, Chief Human Resources Officer and Head of the Sustainability Development Division, accepted the award on behalf of the company. This marks Fubon Financial Holdings’ fifth consecutive year maintaining a leadership level since 2020, demonstrating the international recognition of its commitment to sustainable actions.

CDP is the most prominent non-profit assessment organization in the global environmental sector. In 2024, a total of 22,400 companies participated in the climate change assessment, with only 2% achieving the highest rating of 'A'. Fubon Financial Holdings performed exceptionally well in this assessment, receiving 14 A ratings across 17 assessment criteria, which include: scenario analysis, dependency/impact/risk/opportunity processes, value chain engagement, environmental policies, governance, targets, investment portfolio impact, pricing of environmental externalities, public policy engagement and industry collaboration, opportunity disclosure, emission reduction measures and low-carbon products, risk disclosure, verification, and operational strategies. This accomplishment has earned Fubon Financial Holdings the prestigious 'A' rating, highlighting its outstanding achievements in climate governance and sustainable development.

Richard M. Tsai, Chairman of Fubon Financial Holdings, stated that since 2021, Fubon Financial Holdings has been reshaping its sustainable vision. Through four main strategies: decarbonization, digitalization, empowerment, and connection, the company actively leverages its influence to contribute positively to the sustainable development of industries and society. With climate change being a major concern, Fubon takes it upon themselves to assist customers in their sustainable transformation. By offering sustainable financial investments, loans, products, and professional services, the company guides customers in improving their ESG performance and promoting low-carbon operational models. Additionally, the company continue to enhance their own climate change management and implement Science-Based Target (SBT).

Fubon Financial Holdings is actively promoting sustainable transition by establishing decarbonization goals and pathways for scope 1, 2, and 3 in the areas of carbon reduction and decarbonization. Additionally, in 2022, the company joined the RE100 initiative and has committed to the use of 100% renewable energy starting in 2040, and is proactively introducing green power, marking the first instance of green power implementation at offshore locations in Taiwan's financial industry. Fubon Financial Holdings and its subsidiaries are projected to utilize 16.564 million kilowatt-hours of green power in 2024, which accounts for 16.4% of their total electricity consumption. Additionally, the combined emissions from scope 1 and 2 have decreased by 29.6% compared to 2020. Furthermore, Fubon Insurance has become the first domestic property insurance company to commit to net-zero underwriting. In the realm of green finance, the investment and financing amount for 2024 has reached NT$2.5 trillion, with a target set to achieve NT$2.91 trillion by 2030; Taipei Fubon Bank has also assisted the Taipei City Government in successfully issuing the first sustainable development bond. Moreover, Fubon harnesses the principle of 'the large supporting the small' to advance efforts like green power group buying, net-zero workshops for SMEs, and SBT carbon reduction engagement workshops, helping customers in their joint journey towards net-zero transition. In 2024, we have already led the entire financial industry in Taiwan by founding the "Sustainability Club." The course content encompasses net-zero carbon emissions, biodiversity, and social impact, among other topics. By 2025, we will expand our offerings to include a series of lectures on carbon auditing, carbon pricing, and renewable energy policies, responding to the expectations of various stakeholders concerning the financial sector's involvement in climate change and carbon management, while also improving the sustainability knowledge of Fubon staff.

Fubon Financial Holdings is committed to sustainable operations, achieving international recognition for its efforts. It has been selected as a component of the DJSI World Index and the MSCI Sustainability Index for eight consecutive years and has been included in the DJSI Emerging Markets Index for nine years in a row. Additionally, it has been featured in the 2025 S&P Global Sustainability Yearbook and was recognized in 2024 by “TIME” as one of the "Global 500 Sustainable Companies," ranking among the top ten in the global financial industry. Looking ahead, Fubon Financial Holdings will continue to implement sustainable development through concrete actions and collaborates with stakeholders to create a low-carbon future.