SinoPac has long been committed to promoting inclusive finance, addressing inequality, and fostering social prosperity. In October 2022, the company launched the SinoPac Store Power Up Project, providing local social enterprise shops with an annual fund of NT$10 million and professional resources. By leveraging the power of finance, the initiative aims to strengthen the operational capabilities of these small shops, thereby creating jobs, supporting vulnerable groups, advancing social welfare, revitalizing local economies, and energizing communities. Now in its third year, the initiative has supported 20 social enterprise shops over its first two years and has been recognized with five prestigious domestic and international awards.
SinoPac recognizes the challenges faced by small shop owners across Taiwan who are working tirelessly to address social issues, support their communities, protect the environment, and secure a better future for the next generation. To support these efforts, the SinoPac Foundation, established through joint contributions from SinoPac Bank and SinoPac Securities, launched the SinoPac Store Power Up Project in October 2022. The program selects local social enterprise shops that demonstrate creativity, collaboration, and impact. Over the past two years, the initiative has achieved remarkable results, providing support to 20 social enterprise shops, producing 65 video documentaries, publishing 45 feature reports, and hosting seven interdisciplinary forums with experts and scholars. These efforts have helped small shops thrive and use creativity to transform their communities.
In its third year, the initiative underwent a rigorous six-month selection process, including document reviews, on-site visits, and proposals from shop owners. The selected shops address a wide range of issues, from social challenges and environmental awareness to cultural preservation and economic development, serving as pivotal forces for positive change in their communities.
The SinoPac Store Power Up Project has become a driving force for local sustainability, creating a virtuous cycle of good. The program has received numerous accolades, including the 2024 Taiwan Sustainability Action Awards (TSAA) – SDG11 Sustainable Cities Gold Award, the 2024 Taiwan Corporate Sustainability Awards (TCSA) – Social Inclusion Leadership Award, and the 2024 Asia Responsible Enterprise Awards (AREA) – Social Empowerment Award. On the international stage, it has also won the 2024 London Design Award Gold Medal, which recognizes design-driven social value, and the 2024 MUSE Creative Award Silver Medal, which celebrates the use of film to generate public benefit. These honors highlight SinoPac’s innovative approach to leveraging financial influence for social good.
Through the infusion of funds and resources, SinoPac aims to empower social enterprise shops to utilize their expertise, connect resources, and propose solutions that address local needs, ultimately becoming key forces for change in their communities.
