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Taipei Fubon Bank releases its first sustainability report

Financial group releases 2022 sustainability results that follow international third-party standards

Taipei Fubon Bank’s 2022 sustainability report. (Taipei Fubon Bank photo)

Taipei Fubon Bank’s 2022 sustainability report. (Taipei Fubon Bank photo)

Taipei Fubon Bank released its first public sustainability report to the public through its official website at the end of October. The report includes ESG components and is a starting point for the group to become a sustainability leader in the financial sector.

The report is compiled in accordance with the Global Sustainability Standards Board (GSSB) GRI standards and the U.S. Sustainability Accounting Standards Board (SASB) Commercial Banking Industry Standards, as well as other domestic and foreign sustainability disclosure standards.

Fubon Financial Holdings four sustainability strategies include “low carbon, digitalization, incentives, and influence.” Meanwhile, Taipei Fubon Bank focuses on sustainability when assisting customers, creating a healthy, supportive, and happy workplace.

Taipei Fubon Bank’s senior management and business group leaders will report ESG implementation results to the board of directors every six months as a supervision mechanism. Also, the development of innovative green financial products and sustainable financial solutions such as renewable energy financing and sustainable supply chain financial financing will allow companies to move toward net-zero transformation.

Taipei Fubon Bank has even issued sustainable concept bonds for three consecutive years. Since issuing the first ancestry of sustainable development bonds and social responsibility bonds worth NT$1 billion in 2021, the bank has continued the practice on a similar scale in 2022 and increased dramatically to NT$95 billion in the year to September 2023.

In 2022, Taipei Fubon Bank implemented a credit card made of environmentally friendly materials, with the body of the card made of materials that are biodegradable and do not produce toxic gases when burned. By the end of September 2023, a total of 553,000 credit cards were made from environmentally friendly materials. Taipei Fubon Bank also provided loans for electric vehicles, green buildings, and green energy-saving equipment, encouraging the public to incorporate environmental protection into their daily lives.

To promote a culture of equality, tolerance, and open communication, Taipei Fubon Bank established an online platform to collect opinions from employees and customers in 2022. At the same time, Taipei Fubon Bank worked to create a healthy holding of more than 80 consultation services involving 13,000 employee participants to consult doctors, physical therapists, and nutritionists, attracting more than 13,000 participants in 2022.

Taipei Fubon Bank has also continued to invest in social care and leverage its core financial business in a friendly and equal way. The bank has successively held the industry's first branch-based sign language interpretation service as well as optimized offline services for visually impaired customers. Taipei FubonBank has also created an exclusive financial management course for hearing-impaired and visually impaired students beginning in 2022.

Taipei Fubon Bank also plans to offer functional financial training and branch internships for special education students to develop their financial management knowledge and employability. For the second consecutive year, Taipei Fubon Bank held a forum that invited financial peers, experts, and scholars to conduct cross-sector exchanges, calling upon more peers to work together to achieve a financially friendly environment for students with special needs.

※ Click here to download Taipei Fubon Bank’s 2022 sustainability report.