SinoPac Holdings Reshapes the Value of Marine Waste in Response to the "Return to the Sea 1095" Initiative

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[2022.04.28, Taipei] SinoPac Holdings has long been actively involved in climate change mitigation and adaptation. As we have been faced with extreme global climate in recent years, our responsibility is to raise the public's awareness of climate change. SinoPac Holdings supports the "Return to the Sea 1095" initiative proposed by the Business Today Magazine. Apart from beach and sea cleaning activities, we are also working to raise the public's awareness of waste reduction by recycling marine debris. We also hope to implement waste reduction in our everyday lives and work together to clean the ocean surrounding Taiwan.

Stanley Chu, President of SinoPac Holdings, stated that extreme climate change and global warming have become massive threats to people's lives and property. As an Earth citizen, no one can escape from the impact of climate change, making it ever more urgent to take action. The ocean gives birth to all life on Earth. In the past, SinoPac Holdings have called on its employees and the public to participate in beach cleanups and used the marine debris collected as artwork to raise public awareness of marine waste. This year, we will join the "Return to the Sea 1095" initiative, a beach cleanup campaign themed on creating a marine waste recycling ecosystem. Through an eco-friendly shoe-making process, the new value of blue-white slippers is recreated, and the issue of sea waste is brought to the public's attention through recycling. We can reduce the impact of economic activities on the climate for ourselves and our next generation and give the Earth a chance to rest.

SinoPac Holdings has made a great effort to mitigate climate change. The Board of Directors has recently approved the Company's commitment to achieving net-zero emissions from its operations by 2030 and net-zero emissions from its entire asset portfolio by 2050. Using its financial influence, SinoPac Holdings will lead its employees and customers to work together on various fronts, including investment and credit, to achieve these goals. Meanwhile, our subsidiary Bank SinoPac is also actively responding to the green energy policy, with the balance of its solar power plant financing reaching around NT$ 60 billion by the end of last year (2021), the first in Taiwan. We will be aiming for the scale of NT$ 100 billion in 2024. As of July this year, we expect to purchase 2.6 million units of green electricity per year, which is about 10% of the annual electricity consumption of the whole bank, demonstrating our implementation of the green energy and carbon reduction plan through concrete actions.

For the second year in a row, SinoPac Holdings has participated in the "Earth Hour" event. 172 subsidiary business locations, including Bank SinoPac and SinoPac Securities, also joined the event by turning off lights and electronic signboards at 8:30 p.m. for three consecutive days from March 25 to March 27. At the same time, the 17th of every month is designated as "SinoPac Environmental Protection Day." On the "SinoPac Life—A Million Green Actions" website platform, a monthly environmental protection theme is adopted to contribute to the sustainable development of Earth.