[February 7, 2025, Taipei] On February 6, the Climate Disclosure Project (CDP), the world's most authoritative carbon disclosure organization and non-profit international entity, announced the results of its 2024 CDP survey. For the first time, SinoPac Holdings received the highest rating of "A" and has been positioned at the leadership level for five consecutive years, recognizing its best practices in climate governance, strategy, and actions.
CDP annually assesses companies' performance related to environmental promotion and impact. Companies selected for the leadership level must demonstrate ambition and leadership in climate governance and management actions, set aggressive carbon reduction targets and strategies, and meet CDP's high standards for information disclosure completeness and transparency.
SinoPac Holdings has pledged to achieve net-zero emissions for its own operations by 2030 and for its entire financed portfolio by 2050. The company has set and validated science-based targets (SBT). In terms of its own operations, SinoPac Holdings actively promotes green operations, having independently introduced green electricity since 2022. By 2024, green electricity usage is expected to account for 18.7% of the total electricity consumption of the financial holding company.
Additionally, SinoPac Holdings has implemented various energy-saving measures and introduced internal carbon pricing (ICP), practicing carbon reduction in daily operations. Furthermore, SinoPac Holdings has plans to gradually divest from the thermal coal and unconventional oil and gas industries, aiming for complete divestment from thermal coal project financing, overseas thermal coal mining, and power generation financing by 2030.
In recent years, SinoPac Holdings has received high recognition in both domestic and international benchmark sustainability evaluations, including being selected as a constituent of the DJSI World Index and DJSI Emerging Markets Index for four consecutive years, achieving an AA leadership level rating in the MSCI ESG ratings, receiving the highest honor of "Leadership Level A" in the CDP supply chain engagement, and being awarded the highest honor "Jade Award" by The Asset. These accolades highlight SinoPac Holdings' outstanding performance in the field of sustainable development and its high international recognition.
SinoPac Holdings will continue to promote sustainable development through concrete actions, creating greater value for society and the environment, and advancing towards the corporate vision of "Together, a better Life."
