Commitment and Vision

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Fulfillment of a Beautiful Life Through Finance

SinoPac Holdings upholds the vision of "Fulfillment of a Beautiful Life Through Finance" and provides financial total solutions with sincerity, integrity and profession. SinoPac Holdings has been established for over 70 years. All employees have insisted on this original intention, and all members of the Board of Directors have done their utmost to guide the management to forge ahead steadily in the hope of creating a bright future for employees, customers, and shareholders. SinoPac Holdings officially established the Sustainable Development Committee in 2018 to integrate its core financial competencies for sustainable development. It has upheld the four sustainable development missions, namely Ethics and Decency, Wealth Building, Environmental Sustainability, and Social Responsibility, and set five sustainability themes, namely Fulfillment of Trustworthy Governance, Fulfillment of Innovative Service, Fulfillment of Healthy Workplace, Fulfillment of Green Operations, and Fulfillment of Inclusive Growth, based on three aspects of sustainable development including environment, society, and corporate governance (ESG). SinoPac Holdings has taken concrete actions by establishing a roadmap for sustainable development, along with short-term, medium-term, and long-term action plans to fulfill its corporate social responsibility.

To fulfill trustworthy governance, SinoPac Holdings is committed to establishing a corporate culture of fair, honest, and transparent management, abiding by the ethical and decent core value, and optimizing the governance mechanism. To fulfill innovative services, SinoPac Holdings assists customers in achieving sustainable management, including passing on wealth from one generation to the next generation and establishing a prosperous financial ecosystem in a more responsible and sustainable manner. To fulfill a healthy workplace, SinoPac Holdings encourages employees to be positive from the heart and motivate each other, and awards outstanding employees as the Employee of the Year in order to create a positive work culture and growing mindsets among employees. SinoPac has also established an environmental management system to mitigate environmental impacts and discuss environmental and climate issues with different stakeholders, so as to fulfill green operation within and beyond the company. Upholding the spirit of giving back to society, SinoPac Holdings has leveraged its core competence in financial industry to support local communities to fulfill inclusive growth.

In 2019, SinoPac Holdings took further action by linking the United Nations' Sustainable Development Goals (SDGs) and Taiwan's Sustainable Development Goals set by the National Sustainable Development Network with the five sustainability themes, focusing on three major sustainability commitments, namely Reduce Inequality, Mitigate and Adapt to Climate Change, and Promote Inclusive Growth, and developing concrete action plans in response to the eight SDGs, including SDG1 (No Poverty), SDG 3 (Good Health and Well-Being), SDG 4 (Quality Education), SDG 5 (Gender Equality), SDG 7 (Affordable and Clean Energy), SDG 8 (Decent Work and Economic Growth), SDG 12 (Responsible Consumption and Production), and SDG 13 (Climate Action). SinoPac Holdings is committed to promoting sustainable and inclusive economic growth, social development, and environmental protection, so as to eliminate any form of inequality within and beyond the organization. SinoPac is doing its best to protect the basic rights and interests of every person, regardless of gender, wealth, race, so as to achieve social justice. SinoPac Holdings also strives to combat climate change, continuously reduces carbon emissions in cooperation with internal and external stakeholders, and develops eco-friendly financial products that promote energy transformation. SinoPac addresses itself to the common good and mutual benefit for the stakeholders and promotes inclusive growth through products and services, procurement, employee caring, and charities.

 

The Roadmap for Sustainable Development

Sustainable Development Committee Structure

SinoPac Holdings established the "CSR Project Team" in 2015 to actively plan CSR related affairs. In 2018, the Company established the "Guidelines for Cor­porate Social Responsibility", actively responded to international sustainabil­ity trends and implemented corporate social responsibilities of the financial industry. SinoPac Holdings also established the "Sustainable Development Committee" in March of the same year. The Chairman of SinoPac Holdings serves as the chairperson of the Committee, with the President of SinoPac Holdings and the chairmen and presidents of major subsidiaries serving as members. The Committee oversees five task forces responsible for corporate governance, customer relations, employee welfare, social involvement, and environmental protection. The committee is in charge of managing the risks and impacts of operations of SinoPac Holdings and its subsidiaries on the economy, environment, and society, and establishing CSR Policy, systems, and related management plans and submit them to the Board of Directors to implement corporate social responsibility.

The Sustainable Development Committee convenes a meeting every quarter and reports the progress of corporate sustainable development to the Board of Directors every half a year. The Sustainable Development Committee convened four meetings in 2019, developed five sustainable themes that have clear links to the Company’s four sustainable missions, and continued to promote various sustainable development tasks with major achievements including the introduction of responsible investment and disclosure of SinoPac Holdings Sustainable Finance Blueprint on the official website, the completion of human rights risk identification and recommendations for mitigation and supplementary measures, the acquisition of the ISO50001 Energy Management System certification, Bank SinoPac’s continuous promotion in green financing and signing of the Equator Principles in February 2020 and becoming the world's 102nd Equator bank. SinoPac Holdings also received sustainability awards from The Asset magazine, Enterprise Asia, Taiwan Institute for Sustainable Energy, etc. for the actions made, and continued to be included as a constituent of the FTSE4Good TIP Taiwan ESG Index and FTSE4Good Emerging Indexes. SinoPac Holdings shall continue to strengthen various sustainability actions including optimizing risk management mechanisms for emerging risks and climate risks, adopting ISO45001 Safety and Health Management System, continuing to promote environmental and greenhouse gas inventory while increasing the coverage rate, and planning related ESG activities of SinoPac Holdings and subsidiaries with the aim of "expanding influence". SinoPac Holdings will incorporate the characteristics and feature of its own and expand the participation of customers and the public to maximize the influence of the financial industry as the leader in all aspects of ESG. SinoPac Holdings shall reach out from within and achieve the fulfillment of a beautiful life through finance. The Sustainable Development Committee reported the results of sustainable development in 2019 and the work plan for 2020 to the Board of Directors in January 2020. It shall continue to implement adjustments and optimize the short, medium, and long-term goals in the Sustainable Development Roadmap to intensify the implementation of sustainable development and business strategies.

 

SinoPac Holdings has also established the risk management policy, which specifies the procedures for identifying, assessing, and managing various risks, and taken related countermeasures to control such risks.