E.SUN FHC continues to align itself with the international trend of sustainable development in through its CSR Report published in 2019, which has four new features. First, indicators of the Sustainability Accounting Standards Board (SASB) were adopted when preparing the report, making E.SUN the first Taiwanese enterprise to publish a sustainability report that complies with both the GRI and SASB. Second, sustainable finance goals were set. Third, tax information is comprehensively disclosed in accordance with the GRI. Fourth, the impact of climate change is quantified based on the TCFD framework. All four initiatives are a first among domestic enterprises, and the contents and structure of the report are not only in line with international trends, but also respond to issues that stakeholders are concerned about through greater information transparency.
Magi Chen, President and CFO of E.SUN FHC, stated that E.SUN continues to strengthen its infrastructure to face the impact of COVID-19. Hence, E.SUN's CSR report actively discloses ESG indicators for commercial banks, consumer finance, and asset management based on international sustainability accounting principles, and brought together its financial business with sustainable development by setting the goal for ESG-related financial businesses, such as green finance, inclusive finance, and responsible investment, to reach NT$280 billion in 2020 and further reach NT$340 billion in 2025. We hope to thereby channel funds into companies or purposes that will contribute to the balanced development of environment and society. Furthermore, E.SUN is actively aligning itself with the latest international ESG system, such as GRI 207: Tax 2019 announced at the end of 2019. E.SUN subsequently disclosed complete tax information in its CSR report that year, including tax governance, tax policy, country-by-country report, and analysis of difference in actual tax rate, demonstrating our excellent corporate governance and high efficiency. For the GRI, E.SUN commissioned Deloitte Touche Tohmatsu Limited and BSI to perform data verification.
When E.SUN's CSR report was published on July 8, PwC Taiwan chairman Joseph Chou also said that the SASB can assist companies in disclosing ESG investment decisions that concern investors, which is the mainstream in international ESG disclosures in recent years. For example, PwC provides assurance for the reliability of information on 9 indicators, including the business situation of small businesses, customer data use, and information security incidents. Furthermore, we have continued our efforts in climate change, and continue to disclose our climate-related risk governance based on the TCFD framework after becoming the first company in Taiwan to sign the TCFD in 2017. We began working with an external consultant in 2019, and selected the 2°C scenario to analyze the petrochemical industry, which is the most sensitive to climate change, as well as areas in Taiwan that the most prone to flooding. We determined the quantified financial impact of each scenario on E.SUN, and continue to actively prepare for climate change issues, showing our excellent risk management ability.
This is the ninth CSR report published by E.SUN FHC, and contents include governance, customer value, happy workplace, environmental sustainability, and social inclusion. We fully communicate with different stakeholders, and continue to take concrete action in response to the UN SDGs, specifically SDG4 Quality Education, SDG8 Decent Work and Economic Growth, and SDG13 Climate Action. E.SUN FHC is actively working towards sustainable development with the belief that we must start from ourselves, and utilize our financial expertise to partner with customers and other organizations, in order to jointly create a better future.