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Yuanta Financial Holding Company (FHC), as a green pioneer in the face of climate change, actively responds to the international trend of carbon reduction and sets a net-zero emissions target for 2050, promotes internal carbon reduction strategy through systematic and scientific management, and provides multifaceted green financial commodity services. Yuanta FHC thus has been recognized for the green competitiveness by the judges of the Business Weekly Group’s “Carbon Competitiveness 100” 2024 survey, in which Yuanta FHC participated for the first time this year.
The Carbon Competitiveness 100 is organized by the Business Weekly Group and the Climate Change Risk Assessment for Business Research Team of National Taiwan University’s Risk Society and Policy Research Center from 2022 onwards. Combined with public information and questionnaire evaluation, it is the only indicator survey in Taiwan that links “carbon” to the operational performance of enterprises, and provides insights into how enterprises can turn their carbon reduction actions into corporate competitiveness.
Yuanta FHC has introduced ISO management system to control the environment with outstanding performance. In 2018, the domestic business locations obtained ISO14064-1 greenhouse gas inventory certification, and in 2022, Yuanta FHC became the first diversified financial services provider to pass the carbon reduction target of the Science Based Targets. Through carbon reduction actions such as intelligent energy monitoring and control, procurement of renewable energy, and replacement of energy-consuming equipment, Yuanta FHC’s carbon emissions in 2023 were reduced by 22% compared to 2020, significantly exceeding the original target of 12.6%.
As a member of the Movers and Shakers on Sustainable Finance, Yuanta FHC has joined hands with stakeholders to invest in climate solutions through a wide range of products and services. Yuanta Securities, a subsidiary of Yuanta FHC, completed carbon footprint verification for its online investment and wealth management services. Yuanta Bank’s full range of credit cards carried out carbon neutrality test, promoting sustainability-linked loans and encouraging enterprises to utilize their capital for green purposes. Yuanta FHC has also extended the spirit of sustainability to the supply chain by prioritizing the procurement of environmentally friendly, energy-saving, and carbon-reducing products, and has been affirmed by Taiwan’s Ministry of the Environment for thirteen consecutive years for excellent performance in green procurement. Yuanta FHC also uses a service-oriented business model of renting instead of buying to rent business machines and implement a circular economy. Furthermore, Yuanta FHC has been honored with the Silver Award of the National Enterprise Environmental Protection Award for three times this year, and has also been selected as one of the Financial Times’ 2024 Asia-Pacific Climate Leaders.
With the original intention of “promoting a better future for future generations,” Yuanta FHC has taken action to fulfill this cross-generational commitment by being selected as a constituent of the Dow Jones Sustainability World Index and Dow Jones Sustainability Emerging Markets Index for five years in a row, and by actively engaging with customers and suppliers to embark on a path of carbon reduction, demonstrating the financial industry’s impact on the community and the environment, and together creating a sustainable home.