E.SUN Bank today convened a press conference on “E.SUN ESG and Sustainability Initiative.” President Ms. Ing-Wen Tsai(蔡英文) personally attended the event, during which founder of E.SUN Mr. Yung-Jen Huang(黃永仁), Chairman Mr. Joseph Huang(黃男州), and over 100 outstanding enterprise advocated for ESG sustainability.
E.SUN ESG and Sustainability Initiative was jointly launched by E.SUN and 32 like-minded corporate partners that signed the Sustainable Development Advocacy in 2021, and took action on the most pressing climate change issues, in hopes of controlling GHG emissions and mitigating the impact on the climate and environment. The companies also implemented an array of ESG measures and promoted the United Nations Sustainable Development Goals (SDGs). A total of 101 companies joined E.SUN ESG and Sustainability Initiative in 2022, including leaders and hidden champions of various industries, accounting for 23% Taiwan GDP in 2021 with total revenue 5.08 trillion NT dollars. The participating companies jointly pledged to carbon emission reduction with least 1.57 million tons by 2025. Among the participating companies, 46 of them committed to net zero by 2050.
President Tsai rang the “Bell of Hope” at the press conference, demonstrating Taiwan’s determination to net zero emissions transition. President Tsai stated that with more companies’ participation in the ESG and sustainability initiative, she has stronger confidence in Taiwan’s future. President Tsai said that in response to international trend and green supply chain transition, the government has been focused on energy transition. The government will assist corporations in transitioning to low carbon operation, and expect leading companies to render assistance to their suppliers. Through the joint effort of government and corporations, Taiwan can transform the challenge into opportunity that benefits the development and competence of all industries and integrating into international standard.
Taiwan is actively transitioning towards net zero emissions by 2050, which has gained strong support from the government, the business sector, and is also being taken very seriously by many NGOs. Eugene Chien(簡又新), Chairman of Taiwan Institute for Sustainable Energy and James C. F. Huang (黃志芳), Chairman of Taiwan External Trade Development Council were invited to attend the press conference, sharing international ESG trends through conversations among experts. Solutions were recommended after analyzing the difficulties encountered by enterprises in ESG practices, in hopes of helping enterprises continue to transition towards sustainable development.
E.SUN Bank Chairman Mr. Joseph Huang stressed that for the massive transition required to face climate change and sustainable development, he believes that cross-industry experience exchanges and pooling their collective wisdom will allow Taiwan's voice to be heard by the world, and let the world see the pride of Taiwan. E.SUN has insisted on ESG since it was founded in 1992, and continues to climb the three mountains "overall performance, corporate social responsibility, and sustainable development." E.SUN set challenging goals to reach the milestone of net zero emissions by 2050, and became the 1st financial institution in Taiwan and 2nd financial institution in Asia to pass the review of carbon reduction goals according to guidelines of the SBTi. E.SUN also declared the mid-term and long-term goals for 100% of domestic locations to become green buildings by 2027, and 100% of domestic and overseas locations to use green electricity by 2040.
E.SUN's vision is to become a first-class corporate citizen on the path to sustainability, which it considers an important development strategy. E.SUN hopes that like-minded partners will encourage each other and work together, so that more enterprises in the value chain will come together to achieve balanced development of the economy, environment, and society, and take strides towards a more resilient and sustainable future!
