Sustainability

Together, a better life.

Together, a better life.

SinoPac Holdings Recognized in Top 5% of S&P Global 2025 Sustainability Yearbook

2025-02-12

[February 12, 2025, Taipei] On January 11, international rating agency S&P Global released its 2025 Sustainability Yearbook, recognizing SinoPac Holdings as among the top 5% in the global banking industry. This accolade highlights SinoPac Holdings' outstanding achievements in sustainable governance and its continued international recognition.

Each year, S&P Global includes top-performing companies in its Sustainability Yearbook based on their Corporate Sustainability Assessment (CSA) scores. This year, the evaluation covered 62 industries and over 7,690 large companies worldwide, with only 780 companies making the final cut. SinoPac Holdings has been listed in the Sustainability Yearbook annually since 2021, reflecting its consistent dedication to sustainability over the years. This year, it continues to rank in the top 5% of the global banking industry, excelling in 16 areas including "Risk and Crisis Management," "Business Ethics," "Sustainable Finance," "Climate Strategy," "Human Rights," and "Financial Inclusion."

SinoPac Holdings is committed to deepening its sustainable governance and actively fulfilling its three major sustainability commitments including reduce inequality, mitigate and adapt to climate change, promote inclusive growth. These efforts have led to significant achievements. On July 1 of last year(2024), SinoPac Holdings elevated its Sustainability Development Committee to the board level, with all three independent directors serving as committee members. Additionally, a Sustainability Office was established under the board, with the Vice President of SinoPac Holdings appointed as the Chief Sustainability Officer. This makes SinoPac Holdings the first financial holding company in Taiwan to establish both a Chief Sustainability Officer and a Sustainability Office at the board level, setting a high standard in the industry.

SinoPac Holdings has pledged to achieve net-zero emissions for its own operations by 2030 and for its entire asset 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). In its investment and financing business, SinoPac Holdings not only actively expands green financial products and services, maintaining a leading position in the solar photovoltaic financing market, but also plans to gradually divest from the thermal coal and unconventional oil and gas industries. By 2030, the company aims to fully divest from thermal coal project financing, overseas thermal coal mining, and power generation financing. Furthermore, SinoPac Holdings has joined as a TNFD adopter and a PBAF supporter, demonstrating its commitment to climate, nature, and biodiversity protection.

SinoPac Holdings will continue to advance its sustainable development initiatives through concrete actions, creating greater value for all stakeholders and moving towards its corporate vision of "Together, a better life."

SinoPac Holdings has received the Top 5% honor in S&P Global's 2025 Sustainability Yearbook, once again earning international recognition for its outstanding achievements in sustainable governance.
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