Fubon Financial Holdings has been Ranked in the TIME’s World’s Most Sustainable Companies for Two Consecutive Years
Ranked 32nd in the world and 4th in the global financial industry, the company is firmly established as a leader in international sustainable practices
Recently, the "World’s Most Sustainable Companies" ranking, which was collaboratively established by TIME and the data firm Statista, was announced. Fubon Financial Holdings emerged prominently among over 5,700 companies from 35 countries, making the list for the second consecutive year and achieving the 32nd rank globally across various industries. Furthermore, it secured the 4th position in the global financial industry (Banking, Insurance & Financial Services Industry) and was recognized as the number one private financial holding company in Taiwan. This achievement highlights Fubon Financial Holdings' accomplishments in sustainability and its international leadership position.
Since 2024, “TIME” has partnered with Statista to conduct this selection, evaluating companies based on more than 20 key performance indicators, including carbon emission intensity, carbon reduction rates, energy intensity, renewable energy usage ratio, workplace safety, and employee gender ratios, to comprehensively evaluate the ESG (Environmental, Social, and Governance) achievements of companies. The results will also reference international sustainability evaluation outcomes from DJSI, CDP, MSCI, among others, to select the top 500 companies globally across 21 different industries to recognize those excelling in the sustainability field.
Richard M. Tsai, Chairman of Fubon Financial Holdings, pointed out that since 2021, Fubon Financial Holdings has proposed four sustainable strategies: "decarbonization, digitalization, empowerment, and connection", and has continued to implement green finance and low-carbon transition. In particular, it has excelled in responsible finance, setting a target for green finance to reach NT$2.9 trillion by 2030. For two consecutive years, it has partnered with subsidiaries to hold carbon reduction workshops, assisting customers in accelerating their transition processes. Regarding operational carbon reduction, by 2024, Fubon Financial Holdings and its subsidiaries aim for a combined scope 1 and 2 carbon emissions reduction of 29.6% compared to the baseline year of 2020, achieving a carbon reduction rate of 175.4%. The company also continues to increase the use of renewable energy, with a total usage of 16.564 million kilowatt-hours in 2024, accounting for approximately 16.4% of the total electricity consumption for that year. Fubon also continues to purchase green power, with a total procurement volume reaching 2,161.8 million kilowatt-hours by 2025 and will continue to increase green power procurement annually according to the carbon reduction pathway set by the SBT.
In addition, Fubon Financial Holdings places great importance on internal sustainable co-learning and knowledge education. Starting from 2024, it has promoted the establishment of the 'Fubon Sustainability Club', which actively focuses on driving Fubon’s ESG vision project. Courses covering global risk analysis, carbon pricing mechanisms, renewable energy policies, biodiversity and TNFD, impact investing, and more will be offered to help employees stay connected with the latest global sustainability trends and enhance their sensitivity and practical skills in sustainability.
Fubon Financial Holdings' commitment to sustainable development has repeatedly received international recognition, having been selected as a constituent stock of the Dow Jones Sustainability World Index for eight consecutive years and the Dow Jones Sustainability Emerging Markets Index for nine consecutive years. Recently, it stood out from nearly 10,000 evaluated companies worldwide and continued to be listed in the S&P Global Sustainability Yearbook. In the latest climate change assessment by Carbon Disclosure Project (CDP), it was awarded the highest honor of 'A' rating, maintaining a leadership level for five consecutive years since 2020. Additionally, it has been selected as a constituent stock of the MSCI Sustainability Index for eight consecutive years and maintained an AA rating in the MSCI ESG assessment (with AAA being the highest).
Looking ahead, in the face of increasingly severe climate change and the global challenges of sustainable transition, Fubon Financial Holdings will continue to strengthen its sustainable finance capabilities, enhance communication with stakeholders, and collaborate with both internal and external partners to jointly create a low-carbon, inclusive, and resilient sustainable society.