Fubon Financial

Fubon Financial Holdings Released the 2024 Sustainability Report

Fubon Financial Holdings, as a leading financial enterprise in Taiwan, is committed to acting as a catalyst for supporting the sustainable transition of industries and society. The company has set a target of achieving NT$2.9 trillion in green finance by 2030, and by 2024, it has already surpassed NT$2.5 trillion. Today (15th), it released its 2024 sustainability report, which continues to highlight the effects of its four ESG strategies (decarbonization, digitalization, empowerment, and connection). This showcases the positive influence of finance in supporting the resilience of Taiwanese society and working together for an inclusive sustainable future.

Richard M. Tsai, Chairman of Fubon Financial Holdings, pointed out that the World Economic Forum (WEF) has held its annual meeting in Davos in January 2025, themed 'Collaboration for the Intelligent Age.' He emphasized the importance of resilience, inclusivity, and sustainability. Fubon Financial Holdings has been the leader in earnings per share in the financial sector for 16 consecutive years and is the first Taiwanese financial member of the WEF. We understand that the financial industry is a key driver in Taiwan's transition to net zero and will effectively utilize capital flow, information flow, and influence to help the capital market overcome sustainability challenges.

In terms of the "decarbonization strategy," Fubon Financial Holdings and its subsidiaries are fully committed to supporting industrial transformation. By 2025, we will present an ambitious "decarbonization" plan, aiming to completely exit the coal-related industry by the end of 2030 and to fully withdraw from non-conventional oil and gas extraction by the end of 2040.

In terms of the "digitalization strategy," the financial holding company is adopting AI trends. Last year, it organized its inaugural generative AI hackathon, which drew 61 teams to propose ideas and confirmed the viability of 23 scenarios. Taipei Fubon Bank launched the "Fubon+" mobile banking service, which integrates various financial services such as credit cards, insurance, investments, and securities. The built-in intelligent system can provide real-time financial advice and allow customers to easily manage their asset status.

Fubon Financial Holdings is working hard to create a happy workplace. We are enhancing parenting and family care benefits through our "empowerment strategy". In addition to providing a subsidy of NT$100,000 for each newborn, the parenting subsidy for children under 6 has increased to NT$24,000 in 2024. Starting in 2025, we have expanded employee stock ownership benefits and adjusted the contribution amounts based on job levels. It is estimated that over NT$0.8 billion will be invested annually, with an increase of more than 60%. We are also integrating employees' financial core competencies to create a sustainable learning platform, launching the 'Fubon Sustainability Club' and planning a series of courses that will total nearly 1,600 hours of training.

Fubon Financial Holdings' connection strategy' emphasizes the principle of taking from society and giving back to it. Last year, the company invested in inclusive financial initiatives for migrant workers, while also enhancing anti-fraud measures and educational efforts. In collaboration with One-Forty, Taipei Fubon Bank conducted a “comprehensive survey on financial awareness among migrant workers”. They printed 8,000 copies of the 'Anti-Fraud Selected Guidelines' in the languages of four Southeast Asian countries (Indonesia, the Philippines, Vietnam, and Thailand), which are made available at branches across Taiwan for migrant workers to access.

Fubon utilizes its subsidiaries to foster a network of customer demographics and communication channels that complement each other, thereby creating a robust anti-fraud network with extensive coverage and penetration. Taipei Fubon Bank has joined forces with the Criminal Investigation Bureau of the National Policy Agency and local banks to establish the "Eagle Eye Anti-Fraud Alliance," which is expected to include 36 banks and cover more than 4,600 operational locations by the end of 2024. Fubon Life works in partnership with the Federation for the Welfare of Taiwan’s Seniors and the Ministry of Education's USR initiative to instill anti-fraud concepts among the elderly and student demographics. Fubon Insurance has introduced a multilingual digital picture book called "Financial Anti-Fraud Classroom" and provides training for "Grandpa and grandma tell stories to guide individuals" to share real-life examples of digital fraud, reaching seniors, children, expatriates, and new immigrants. Furthermore, Fubon Securities has responded to the TWSE initiative by producing a creative anti-fraud dance video and aimed at enhancing the fraud awareness among the younger generation.

Fubon Financial Holdings has received international recognition for several sustainable achievements. In 2024, the company continued to be selected for the DJSI World Index and the Emerging Markets Index, marking its eighth consecutive year on the MSCI Sustainability Index. It also received the highest honor of an A rating from CDP for climate change and supplier engagement assessments, and for two consecutive years, it was included in TIME's list of the World’s Most Sustainable Companies, ranking fourth globally in the financial sector in 2025.

This year, Fubon is continuing to create animations that showcase highlights from sustainability report. For the third consecutive year, we have been using audio and video formats to communicate with consumers, with the goal of fostering understanding of Fubon's sustainable initiatives in just 120 seconds. We seek to invite more individuals and customers in the pursuit of positive influence and work together to make Taiwan a better place.

2024 Sustainable Report Link: https://reurl.cc/XQeZe0

2024 Sustainable Report Animation Link: https://youtu.be/fTrkF9OepKo