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    2885   TW0002885001

YUANTA FINANCIAL HOLDING CO., LTD

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Yuanta Financial : ESG Actions Align with UN Sustainable Development Goals, Recognized with 5 Awards in 1st Taiwan Sustainability Action Awards (TSAA)

10/18/2021 | 04:39am EST

Yuanta's ESG Actions Align with UN Sustainable Development Goals, Recognized with 5 Awards in 1st Taiwan Sustainability Action Awards (TSAA).

Taiwan Institute for Sustainable Energy announced today (10/13) the winners of the 2021 inaugural Taiwan Sustainability Action Awards (TSAA). Yuanta Financial Holding Company (FHC) and its subsidiaries Yuanta Bank, Yuanta Life, and Yuanta Funds received a total of five awards in recognition. With the United Nations Sustainable Development Goals (SDGs) as the blueprint, Yuanta FHC integrates social, environmental, and corporate governance (ESG) into its corporate culture and operational strategies, leverages the core functions of the financial industry, expands the influence of sustainable finance, and actively promotes a better future for future generations, exerting a positive influence on 'environmental sustainability,' 'inclusive society,' and 'economic development.'

Green Pioneer Yuanta FHC Receives Gold Award for Environmental Sustainability

Yuanta FHC attaches great importance to climate change and plans a complete and clear carbon reduction blueprint. The company continues to work toward its 2050 net zero emissions target by implementing the Science Based Targets (SBT) projects. It is the pioneer of green environment in line with the international trend, and is the first financial company in Taiwan to pledge to use 10% of green electricity by 2022. Yuanta FHC leads the industry in introducing 'internal carbon pricing mechanism' to achieve 'internalization of carbon-emission costs' and more efficient implementation of carbon reduction, as well as advanced deployment to warm up for carbon trading. Coupled with its head start in strategizing green power trading, Yuanta FHC is a model for carbon reduction in Taiwan's financial sector. Yuanta FHC has a strong foundation in environmental and energy management systems and incorporates specific actions into its daily operations. All of Yuanta's subsidiaries, including the operating sites, have carried out 100% daily waste weighing and reporting and passed greenhouse gas and water footprint inventories, and have systematically reduced energy and resource consumption through data analysis, thus enhancing the performance of sustainability management in all aspects and receiving the Gold Award for Environmental Sustainability from the TSAA.

Yuanta Bank's Full-Channel Digital Banking Helps the Young Generation Accumulate Wealth with Small Investments

Yuanta Bank has been recognized by the TSAA for its 'All Access Digital Investment and Financial Services' in the economic development category. Yuanta Bank has observed the strong demand for small investment from the young groups with small capital and designed inclusive financial products and services to create social benefits. It is offering a daily deduction service of NT$100 (~NT$28: US$1) investment in premium funds and a lifetime NT$0 handling fee offer for online subscription of fixed-term/rate premium funds on digital channels. According to the data, about 90% of the small investment customers are first-time fund buyers, successfully attracting new and young investors to join digital investment banking.

Integrating Insurance Products into Financial Inclusion, Yuanta Life Promotes Social Inclusion

Yuanta Life has been recognized by the 'TSAA - Inclusive Society' for promoting the popularization of insurance education by leveraging its expertise in the financial and insurance industry. To ensure that disadvantaged and low-income people can receive basic protection regardless of age, Yuanta Life has been actively developing and promoting group annuities, small pensions, and microinsurance. In terms of service, Yuan Life adheres to the spirit of 'treating customers fairly.' In addition to setting up a website for treating customers fairly and maintaining the quality of service for managing customers, Yuan Life also emphasizes the security of customers' personal data and information, and has passed a number of certifications from third-party verification organizations. Yuanta Life has been promoting industry-academia cooperation and financial knowledge for a long time. Through the 'Yuanta Life Little Tree Companion Train' that travels throughout Taiwan, the concept of risk is promoted to disadvantaged students in rural areas.

Yuanta Funds' ESG Taiwan Equity Fund Provides Investment Options for a Sustainable Future

Based on the spirit of financial inclusion, Yuanta Funds, the leading domestic public fund, has launched a new Taiwan equity fund with a new dividend matching mechanism and developed a 'daily deduction' fixed-rate function with optional deduction dates to assist investors in their retirement financial planning. Yuanta Funds is keeping up with the times and has formulated a due diligence policy in 2020, hoping to help investee companies improve their performance in the three ESG areas by means of corporate negotiation and the realization of shareholder activism, so that Yuanta Funds can make impactful investments and share the prosperity with investee companies. Yuanta Funds is also the first to cooperate with Morningstar to announce the results of its funds' Morningstar Sustainability Rating, in an attempt to combine international, domestic, academic, and industrial resources to build a new model of ESG and University Social Responsibility (USR) practices. Yuanta Funds' outstanding performance has been recognized by the Taiwan Corporate Sustainability Awards (TCSA) for several years, and this year, it was even recognized by the TCAA for economic development and inclusive society.

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(C) 2021 Electronic News Publishing, source ENP Newswire

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Sales 2021 128 B 4 638 M 4 638 M
Net income 2021 32 288 M 1 167 M 1 167 M
Net Debt 2021 40 195 M 1 453 M 1 453 M
P/E ratio 2021 9,38x
Yield 2021 6,12%
Capitalization 300 B 10 833 M 10 862 M
EV / Sales 2021 2,66x
EV / Sales 2022 2,41x
Nbr of Employees 14 393
Free-Float 78,9%
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Chien Weng General Manager & Spokesman
Hsu Shu Mai Chief Financial Officer
Ting Chien Shen Chairman
Hsiu Mei Chen Chief Information Officer
Jin Tang Wu Chief International Operations Officer & Senior VP
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