Social Involvement Strategies
Fostering Common Good
SinoPac Holdings supports Charity Organizations / Social Enterprises and Foster Common Good through purchasing products they made and replace charity with empowerment. SinoPac Holdings continued to cooperate and plan philanthropic activities with non-profit organizations (NPOs) to create job opportunities for disadvantaged groups and enhance their citizenship rights as members of the society. In addition, Bank SinoPac and SinoPac Securities’ Board of Directors donated NT$ 30 million to establish the “SinoPac Foundation” in 2021. With the core thinking of ESG, SinoPac Foundation supported the United Nations Sustainable Development Goals (SDGs), "Taiwan’s Sustainable Development Goals", and the "Social Innovation Action Plan of the Executive Yuan", focusing on "land and people", upholding the principle of ecological friendliness and sustainable development, connecting goodwill and professional resources, and fostering the seeds of social welfare innovation. Bank SinoPac also organizes seminars on industry trends and the digital economy for micro businesses to empower local talent development and economies.
Deliver Social Warmth and Care with Core Competencies in Finance
SinoPac Holdings used its core competencies in finance to create the "SinoPac Donation Platform" for the financial transactions of social welfare organizations and charity organizations. It provides 24-hour online services to facilitate donations without time and spatial constraints. Donors can also provide support with individual donations or regular donation plans. In 2023, Bank SinoPac continued to enhance the front and back-end functions, which reduced the labor costs of charity organizations by approximately 15%. It introduced the Taiwan QR Code (TWQR) system to streamline the donation process, reduce errors, and increase the convenience of making donations. It also set up a charity section on the official website for charity organizations to reach more people. It has actively engaged partners and has worked with 70 charity organizations as of the end of 2023 with cumulative charity donations totaling nearly NT$40 million. It also received the first prize of the Best Product Award in the 2023 National Brand Yushan Awards.
Bank SinoPac actively initiated fundraising campaigns to take real actions for supporting philanthropic activities. In February 2023, it organized bank employees to support the New Hope Foundation's "Turkey and Syria Earthquake Relief" fundraising campaign. It raised nearly NT$500,000 to help people in disaster-struck areas rebuild their homes. Bank SinoPac also worked with organizations such as Modern Women's Foundation and Mary's Doggies in joint fundraising campaigns to support the actions of charity organizations. SinoPac Donation Platform is not merely a platform for donations but also a platform for consolidating love and care. With a few simple taps, people can help others in need and provide warmth and care from the society.
SinoPac Store Power Up – Empowering Local Communities
Many small stores in the corners of Taiwan have dedicated themselves to creating unforgettable stories for the local community and connecting people in the community. SinoPac Foundation launched the "SinoPac Store Power Up Project" in 2022 to use the funding and resources of the financial industry to support communities in gaining financial independence and helping others. They can thus leverage their capabilities to achieve greater good and create positive energy for local communities. In this project, SinoPac Foundation worked with small stores to create value and new approaches based on "Life x Production x Ecology" and communicate warmth and goodwill in the community for common prosperity, mutual trust, and mutual support. On the other hand, it also hopes to help the teams of small stores overcome current challenges with creative ideas and bring about positive change to the society and the environment to empower local communities together.
In the first SinoPac Store Power Up Project 2023, a panel of experts selected 10 small stores in the final selection meeting. They included Firefly Charity Bookstore, Big Hill North Moon, Douhua Children, PO JEN TANG, kakanan nua qemuma-quma, Good Time Fruit, JINLIAO, HIDEKAWA Soybean Products, Dish of Tomorrow, and BearCatBook. SinoPac Foundation provided resources of partners and project funding. To help more people learn how small stores use creativity to transform local economies and create a better life together, SinoPac organized the "SinoPac Store Power Up Story Exhibition" in 5 branches of Bank SinoPac across Taiwan. SinoPac activated the second SinoPac Store Power Up Project in the second half of 2023 and more than 300 small stores registered for the Project.
