Decarbonization Policy
Decarbonization Policy
In response to the risks that climate change poses to the global economy and human survival, the world urgently needs to transition to a low-carbon economy. As a global citizen, SinoPac Holdings has pledged to reach net-zero emissions for the entirety of its financed portfolio by 2050. In addition to continuously promoting green, paperless operations and adopting green energy, we are dedicated to developing sustainable finance, aiming to leverage financial power to collaborate with industries in achieving a low-carbon and net-zero transition. Since 2022, SinoPac Holdings has planned to gradually exit investments and financing in thermal coal and unconventional oil and gas, and regularly monitor and review the implementation status. SinoPac Holdings also supports the transition financing policy, ensuring an orderly transition for high-carbon industries by engaging with investment and financing targets, and making steady progress toward the net-zero goal.
Recognizing the varying impacts and benefits of climate change on different industries and economic activities in the pursuit of net-zero emissions, we have categorized our investment and financing assets based on their risk levels into stranded assets, decarbonization-pressured assets, and green assets, each with tailored implementation plans. For detailed information, please refer to our “Net Zero Commitment and Implementation Plan.”
SinoPac Holdings is dedicated to leveraging its financial influence to steer funds towards industries and companies engaged in low-carbon transitions or green technologies. We will continue to monitor the net-zero transition plans, action steps, and outcomes of our investment and financing clients, encouraging them to take proactive measures. For clients in high-carbon industries that lack transition measures, we will consider including them in our decarbonization policy.
For detailed information, please refer to the company’s latest version of the "Decarbonization policy," effective July 1, 2025.
Project Finance
Thermal Coal
- No new project investments or financing are being undertaken in the areas of thermal coal mining, power generation, manufacturing, trading, transport and logistics, equipment manufacturing, and infrastructure construction. Existing positions are not renewed upon maturity.
- Global phase-out will be achieved by 2030.
Unconventional Oil and Gas
- No new project investments or financing are being undertaken in the areas of shale oil and gas, tar sands, ultra-deep-water (UDW) oil and gas, coalbed methane (CBM), arctic oil and gas, extra heavy oil, including the extraction, processing, manufacturing (including LNG derived from these sources), exploration, and expansion plans, as well as the infrastructure supporting these activities.
- Currently, there were no related positions, and a global phase-out was achieved.
Investment, Financing, and Underwriting Fixed Income Products
SinoPac Holdings will gradually exit investments, financing, and underwriting fixed income products related to stranded assets without any transition measures.We will regularly review and make necessary adjustments.
Note
- The Global Coal Exit List (GCEL) and the Global Oil and Gas Exit List (GOGEL) are lists compiled by the international non-governmental organization Urgewald.
- Domestic companies refer to companies registered in Taiwan, including offshore companies with their ultimate parent company registered in Taiwan. Companies not meeting the above definition are considered foreign companies.