Environmental and Operational Management
Greenhouse Gas Management
Since 2018, SinoPac Holdings has implemented the greenhouse gas inventory using the operational control approach to obtain information on the total greenhouse gas emissions of SinoPac Holdings and its subsidiaries. The Company has also set short, medium, and long-term reduction targets for Scope 1 and Scope 2 emissions in accordance with the financial industry indicators of the Science Based Targets Initiative (SBTi). The Company will achieve net zero emissions goals in 2030 through energy conservation and carbon reduction, use of renewable energy, and renewable energy certificates.
SinoPac Holdings’ Short, Medium, and Long-term Targets for GHG Emissions Reduction (Scope 1+Scope 2)
Energy Management
SinoPac Holdings has set up seven of its own buildings to gradually implement the ISO50001:2018 Energy Management System from 2019 onwards to optimize energy management efficiency; In 2024, SinoPac Holdings implemented ISO 50001 in the seventh self-owned building (Songshan) and achieving 100% certification coverage. The Company also continuously monitors and measures the performance of energy conservation measures based on the key operational characteristics. SinoPac Holdings has also reviewed its low-carbon strategy to identify further carbon reducing opportunities and plans to gradually replace its internal combustion engine company vehicles with hybrid or electric vehicles. In 2024, SinoPac Holdings completed the construction of its first electric vehicle charging station at the Zhonglun Building, the head office.
As of the end of 2025, SinoPac Holdings has already accumulated on signing a Power Purchase Agreement (PPA), securing a total of 10.68 million kWh green electricity per year. Also Bank SinoPac launched an experimental project that constructing rooftop solar photovoltaic energy generator at the own office building. SinoPac Holdings completed the construction of rooftop solar PV system totaling 22.5KW, which is expected to generate approximately 25,000 kWh each year (equivalent to approximately 12.1 tons of carbon emissions reduction). This prompts SinoPac Holding to start the green energy and low-carbon transformation plan, moving towards the vision of sustainable finance.
Implementation of Internal Carbon Pricing (ICP)
SinoPac Holdings follows the principle of "raising climate awareness and promoting low-carbon transformation" and supports sustainable trends while implementing carbon reduction management mechanisms. The Company introduced ICP in 2022 to the Group and level one subsidiaries to improve energy efficiency and reduce carbon emissions, and raise carbon reduction awareness and changes internal behaviors within the company.
SinoPac Holdings implements Internal Carbon Pricing (ICP) using its own electricity consumption (Scope 2) as the baseline, and applies a shadow price to evaluate the effectiveness of energy conservation and carbon reduction initiatives at its operating sites. Each year, energy-saving benefits are assessed based on actual carbon reduction performance. After accounting for hidden carbon costs, the Company promotes corresponding low-carbon investments. For example, purchasing green electricity, replacing outdated equipment, upgraded traditional lighting to LED fixtures, and utilized or initiated the development of solar power generation facilities. SinoPac's analysis shows that the average cost of reducing each ton of CO2e in 2025 remains at NT$5,000 per ton, which continue to serve as the reference basis for internal carbon pricing. At the beginning of each year, the internal carbon pricing mechanism takes into account the carbon reduction targets and implementation status of subsidiaries to calculate their carbon emission costs or carbon income and to further plan optimal actions and formulate carbon reduction plans. Energy conservation benefits are evaluated based on carbon reduction results of carbon reduction targets to conduct trial calculations of carbon prices. Subsidiaries that do not meet the target will have their carbon fees calculated, and those who meet the target will have their carbon income calculated thereby achieving substantial carbon emissions reduction. SinoPac Holdings will continue to use Science Based Targets (SBT) and international carbon pricing trends to make ongoing ICP adjustments and gradually link the ICP to its commitment to achieving net zero emissions in company operations by 2030 while expanding the scope of application.
Waste Management
Waste from the office buildings of SinoPac Holdings and its subsidiaries is mainly domestic waste. Recyclable waste is divided into four categories: paper, bottles, iron and aluminum cans, and IT equipment. All general and recyclable waste is shipped by qualified contractors to incinerators or recycling sites for disposal. The paper waste is collected and managed by the responsible unit of the Company and handled in accordance with the document destruction rules before handed over to the paper manufacturer for disposal as recycled paper raw material.
The waste of electronic product waste is handled in accordance with internal information safety rules, and any digital data related to customer information is also kept secure and confidential and destroyed in accordance with the internal rules and procedures.
Water Resources Management
The water resources consumed by SinoPac Holdings and its subsidiaries are mainly tap water, and mainly used for drinking, air conditioning, and cleaning. There is no groundwater or other sources of water supply. SinoPac Holdings will continuously take relevant water conservation measures to achieve the goal of reducing per capita water consumption at domestic sites by 4% by 2026 compared to the baseline year (2021) has been achieved.