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    2885   TW0002885001


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Yuanta Financial : Leverages ESG Impact & Wins CommonWealth CSR Sustainable Citizenship Awards

09/24/2021 | 08:51am EST

Yuanta Leverages ESG Impact & Wins CommonWealth CSR Sustainable Citizenship Awards.

Yuanta Financial Holding Company (FHC) actively leverages positive impact and integrates ESG (Environmental Sustainability, Social Engagement, and Corporate Governance) into its operating strategy, in line with Yuanta Group's sustainable DNA, and takes care of its employees and society during the COVID-19 pandemic. It implements the development of financial inclusion, helping the young generation and people with small assets to invest in a fixed amount on a regular basis. Yuanta FHC is also aligning with international standards and has adopted the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) standards in its 2020 Corporate Social Responsibility (CSR) Report, proactively introduced the Climate-Related Financial Disclosures (TCFD), and advocated the Science-Based Targets (SBT) to reduce carbon emissions. Yuanta FHC keeps pace with the world's top companies and has been awarded the CSR Sustainable Citizenship Award for two consecutive years in the Large-Scale Enterprise Category by the CommonWealth Magazine. Its subsidiary, Yuanta Futures, was awarded the fourth place in the 'CSR Sustainable Citizenship Award - Small Giants Category,' the only financial company to win the award in this category.

The CommonWealth CSR Sustainable Citizenship Awards are judged by experts and scholars from all walks of life according to the four major components of 'Corporate Governance,' 'Corporate Commitment,' 'Social Engagement,' and 'Environmental Sustainability,' and the 'CommonWealth CSR Sustainable Citizenship Top 100' companies with the most future-oriented new values in Taiwan are selected. As a green pioneer in environmental sustainability, Yuanta FHC, in response to the Paris Climate Agreement and with a long-term focus on climate change, has imported various environmental ISO standard system management. It is committed to reducing carbon emissions from its operations and has completed the first green power procurement transaction in the financial industry in Taiwan in 2020. The four locations of the company's securities and banks have been officially supplied with green electricity this year, and it is expected that a branch of Yuanta Futures will be added next year. Yuanta FHC pledges to achieve a 10% renewable energy usage rate by 2023, declaring its determination to support the renewable energy industry. Furthermore, Yuanta FHC has brought in an 'internal carbon pricing mechanism' to achieve high standards of self-restraint in carbon emissions, to apply corporate carbon management, to increase resilience in the face of climate change, and to warm up for the future carbon trading mechanism.

In terms of social engagement, during the COVID-19 pandemic, Yuanta FHC has continued to carry out the spirit of 'uninterrupted financial services,' ensuring that the health of all employees are properly protected and energetically caring for customers to provide relief. During the pandemic, Yuanta FHC donated economy revitalization love cards to support disadvantaged social welfare groups to fight against the pandemic, warmly accompanying more than 100,000 people and calling on suppliers to join the ranks of public welfare, allowing the impact to expand significantly. After the heightening of the pandemic in May 2021, Yuanta FHC took practical actions to take care of the needs of the front-line epidemic prevention personnel and to contribute to the prevention of the epidemic for all people and the good of society. Yuanta FHC, by leveraging its core financial functions and integrating Yuanta Group's resources, offers stable and quality products and convenient digital services to enable the people with small assets to meet their financial needs with regular and fixed investments on a diversified platform that best suits their needs. Yuanta FHC moreover provides a full range of multi-functional training for its employees to prepare for retirement planning in an aging society.

The core values of ESG has been integrated into the corporate culture DNA of Yuanta Group. Yuanta Futures has been awarded the CSR Sustainable Citizenship Award - Small Giants Category by the CommonWealth Magazine for four consecutive years, and this year's ranking has reached a new high standing of fourth, making it the only financial company to receive the award. As the global pandemic spreads, Yuanta Futures is enthusiastically developing a digital financial experience, emphasizing various operational performance and business promotion, while never forgetting to fulfill its original corporate social responsibility. Yuanta Futures is the first company to publish a CSR report for the futures industry in Taiwan and has been awarded the 'Top 5% of Over-the-Counter (OTC) Companies' in the Corporate Governance Assessment for seven consecutive years.

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
YUANTA FINANCIAL HOLDING CO., LTD 0.81% 24.75 End-of-day quote.20.44%
YUANTA FUTURES 0.00% 55.4 End-of-day quote.-0.72%
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