SinoPac Holdings and Bank SinoPac have been honored with three major awards in the 2024 "Asia’s Best Companies Poll" and "FinanceAsia Awards" organized by the international financial media outlet, FinanceAsia.
SinoPac Holdings received the Bronze Award for "Most Committed to ESG in Taiwan" and the Bronze Award for "Best Mid-Cap Company in Taiwan." Bank SinoPac was highly praised for its comprehensive ESG sustainability efforts, winning the "Winner: Best Sustainable Bank in Taiwan" award for the first time.
Commitment to Net Zero by 2050, SinoPac Holdings Demonstrates Strong Determination
SinoPac Holdings is dedicated to corporate sustainability, integrating its core financial functions to focus on three major sustainability commitments: " Reduce Inequality," " Mitigate and Adapt to Climate Change," and " Promote Inclusive Growth." The Board of Directors has approved a net-zero goal, pledging to achieve net-zero emissions in its own operations by 2030 and its financed portfolios by 2050. The company has established science-based targets (SBT), which were validated in January 2024. Additionally, SinoPac Holdings has decided to gradually divest from high-carbon sectors such as thermal coal and unconventional oil and gas related businesses starting in 2022. Moving forward, SinoPac Holdings will continue to promote green, paperless operations, innovate and develop various sustainable financial products and services, and collaborate with investment and financing clients to drive low-carbon and net-zero transitions in industries through financial power.
Best Sustainable Bank in Taiwan, Bank SinoPac Receives First-Time Recognition
This year, Bank SinoPac has been recognized as the "Winner: Best Sustainable Bank in Taiwan," making it the only bank in Taiwan to receive this honor. Bank SinoPac stated that it actively responds to the United Nations Sustainable Development Goals (SDGs) and has been deeply involved in green financial services for over a decade. Its green energy financing services, primarily focused on solar photovoltaics, have maintained a leading position in the Taiwanese market, holding the highest market share. Additionally, Bank SinoPac promotes green deposits, issues social responsibility bonds, sustainable development bonds, and green bonds, and focuses on ESG corporate bonds and green bonds as investment targets. These concrete actions demonstrate its commitment to sustainability and its corporate vision of " Together, a better life."
