Showcasing Taiwan and Exerting Financial Influence

E.SUN FHC is proud to join a group of 318 financial institutions and multinational firms with $37 trillion in assets and spending power in calling on over 1,000 of the world’s highest impact businesses to set emissions goals in line with the Paris agreement’s 1.5°C goal.The 2022 CDP Science-Based Targets campaign is coordinated by the global non-profit CDP, which runs the world’s environmental disclosure system. E.SUN encourages the targeted companies to set an emissions reduction target approved through the Science Based Targets initiative, the industry standard for credible climate targets that cover all of a company’s value chain emissions.CDP sent letters on behalf of E.SUN FHC and the other participating organizations to over 1,000 companies worldwide. The 1,000 companies targeted are critical for global efforts to limit global warming to 1.5°C. They are the source of 7 gigatons of Scope 1 and 2 emissions and have a combined market value of over US$25 trillion (44% of the entire MSCI All Country World index).Laurent Babikian, Joint Global Director Capital Markets at CDP, said: “We are encouraged by the continued growth and success of this campaign, demonstrating that financial institutions see science-based targets as essential for all companies, and necessary for them to meet their own net-zero ambitions.”E.SUN Bank Chairman Mr. Joseph Huang, stressed that climate change is a material time-bound issue that will impact the world. If companies do not take sustainable development seriously, no amount of financial and business performance will be meaningful in the face of a climate event. For the massive transition required to face a net-zero world and sustainability, E.SUN believes that cross-industry experience exchanges and pooling their collective wisdom are necessary, and that is why we are calling on companies to take action towards a sustainable and beautiful homeland with net-zero emissions.  

E.SUN FHC responded to the #NetZeroActionDay initiated by the Science Based Targets initiative (SBTi) on the 20th, actively calling on companies to commit to setting net-zero targets, include climate change in their operations and development strategies, and set science-based net-zero targets through the Net-Zero Standard.The goal of #NetZeroActionDay is to rally support from companies in various industries and regions for joint initiatives so that government leaders can play a stronger role in addressing climate issues at the COP27 and G20 summits in November. The key to progression towards global net-zero is the companies’ long-term net-zero targets. SBTi is universally recognized as the most credible carbon reduction organization. SBTi unveiled the SBTi Corporate Net-Zero Standard in October 2021. The standard clarifies relevant definitions of net-zero goals and sets the criteria and requirements for formulating net-zero targets for various industries to help companies preparing to set net-zero targets. It encourages companies across the world to set science-based targets under the global vision of controlling temperature rise within 1.5°C by 2050.E.SUN has committed to set science-based net-zero targets and become the first financial institution in Taiwan and second in Asia to get approved the near-term science-based emissions reduction target by SBTi. The scope of emissions included business operations and investment and financing positions, which are most critical for the financial industry. We also adjusted our investment and loan strategies based on the SBTs. We promise to phase out coal related industries by 2035 and direct funds towards low-carbon and renewable energy industries, develop carbon asset management mechanisms, including setting internal carbon prices when granting credit and negotiating with reference to the customer's emission intensity, and provide sustainable financial products to help customers reduce emissions, expand the impact of carbon reduction in society, and systematically and strategically move towards net- zero by setting SBTs.E.SUN Bank Chairman Mr. Joseph Huang (黃男州), said that climate change is a material time-bound issue that will impact the world. If companies do not take sustainable development seriously, no amount of financial and business performance will be meaningful in the face of a climate event. We need to act right now. This is our responsibility and our value. E.SUN continues to use the power of finance to help companies and their supply chains improve their ESG performance, accelerate ESG transformation, and combine the capabilities of customers and partners to take action and do the right thing, jointly working towards a sustainable and beautiful homeland with net-zero emissions.  

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!