Responsible Investment

  • Sustainable Finance Statement
  • Decarbonization Policy
  • Responsible Investment
  • Responsible Lending
  • Responsible Marketing
Responsible Investment

SinoPac Holdings actively complied with the six principles under the United Nations “Principles for Responsible Investment (PRI)” in 2019 and established the “Responsible Investment Management Guidelines” for the group's investment, asset management, and wealth management business. The guidelines are applicable to the asset classes including listed equity, fixed income, private equity, infrastructure, property, and derivatives & alternatives. Further, SinoPac Holdings incorporates ESG issues and related risks into the decision-making process of related operations, in order to implement responsible investment.

Formulation of Management PRI Policy

  • Incorporate ESG factors into investment analysis and decision-making processes
  • Be active asset owners and incorporate ESG issues into our ownership policies and practices
  • Seek appropriate disclosure on ESG matters of the entities in which we invest
  • Improve familiarity and promote execution of the Principles within the investment industry
  • Establish cooperation to enhance effectiveness of the Principles
  • Report on activities and progress of the implementation

SinoPac Holdings pays attention to the ESG performance of investment targets and incorporates different ESG factors in each phase of investment. Before making an investment, according to different asset classes, SinoPac Holdings first assesses the ESG risks of investment targets, observing the company's ESG performance, and incorporates ESG factors into investment evaluations to determine the investment target's risk level with the references of standards of international organizations and external tools or indexes. For management after making an investment, SinoPac Holdings complies with the voting policy under the “Stewardship Policy”, and in principle opposes any proposal that violates major climate-related issues. The Company engages with investees company to determine potential ESG-related issues that they may face and examines their ESG-related performance regularly.

SinoPac Holdings Principles for Responsible Investment

Prohibit Investment to controversial industries Controversial industries include: pornography and controversial arms.
Carefully evaluate investments in sensitive industries

Sensitive industries include: Oil and gas industry, coal-fired power generation industry, oil and gas industry, cement and concrete manufacturing industry, and iron, steel, other metal manufacturing industries.

Sensitive economic activities include gambling, those with issues in food safety, toxic radioactive substance, non-medical and hazardous genetic engineering, non-adhesive asbestos fiber and polychlorinated biphenyls (PCBs) manufacturing.
Guidelines for high carbon emissions industries
  • Incorporate ESG performance and information on carbon emissions of high carbon emissions industries (e.g., oil and gas industry, coal-fired power generation industry, cement and concrete manufacturing, steel, iron, and other metal manufacturing industries) into the investment and lending assessment process.
  • Actively engage with related companies, and carefully evaluate whether to continue investing activities if the customer fail to establish any transition plans after communication.
Voting Policy
  • Oppose in principle: Proposals that violate major climate-related issues.
  • Oppose in principle or abstain from voting: The issuing company's problematic operations damages shareholders' rights and interests, or is imposed fines by the competent authority due to violations of ESG.
Policy for third-party managed assets
  • The “Stewardship Policy” specifies that if an external professional service provider, such as: proxy advisor or custodian bank, is commissioned to carry out a portion of stewardship activities, SinoPac Securities will ensure the service provider follows its instructions through communication, an agreement, or supervision, in order to protect shareholders' rights and interests. The service provider will be disclosed in accordance with regulations and does not relieve SinoPac Securities from its responsibilities to shareholders.
  • Domestic securities investment trusts that SinoPac Securities works with are required to sign a statement of compliance with the Stewardship Principles for Institutional Investors. Offshore fund asset management institutions are required to comply with the Principles for Responsible Investment.
Engagement with other companies and shareholder activism
  • SinoPac Holdings send sustainability questionnaires on ESG issues to investee companies every year, learning about their understanding of international climate-related initiatives, as well as their management and goals for sustainability issues. 
  • Engage with investee companies on ESG issues they are unfamiliar with.

SinoPac Holdings Responsible Investment Process

Stocks (SinoPac SITC as an example)

Bonds (SinoPac SITC as an example)


For post-investment management, SinoPac Holdings complies with the voting policy under the “Stewardship Policy”, and opposes any resolutions that violates major climate-related issues in principle. The Company engages with investees company to determine potential ESG-related issues that they may face and examines their ESG-related performance regularly.

SinoPac Holdings Post-investment Stewardship Process

SinoPac Holdings specifies in the “Stewardship Policy”that it must give priority to client interests , avoid conflict of interest, prohibit short-term trading, prohibit improper gains, and follow fair dealing, in order to avoid any conflict of interest in the investment process. SinoPac Holdings continues to manage conflict of interest by educating employees, managing and inspecting individual transactions, using a firewall to manage transaction information, implementing division of authority and responsibility, periodically detecting supervision and management mechanisms, and implementing a reasonable remuneration system.

Bank SinoPac「Stewardship Principles」
SinoPac Securities「Stewardship Principles」
SinoPac SITC「Stewardship Principles」