Core financial capabilities outperformed, ranking among top global sustainability leaders
Taipei, January 6, 2023 /PRNewswire/ — The Dow Jones Sustainability Index (DJSI) has announced its 2022 constituents. Cathay Financial Holdings, one of the largest financial institutions in Asia, Recognized.This latest milestone shows the company’s choice A constituent of the Dow Jones Sustainability™ World Index for the fifth consecutive year When Eight years as a constituent of the Dow Jones Sustainability™ Emerging Market Index.
The World Index is selected from approximately 2,500 large companies and corporations around the world as part of the evaluation process. The Emerging Markets Index, on the other hand, considers the top 800 companies in emerging markets and breaks down the top 10% of companies in each industry. When it comes to sustainable management and performance.
Cathay FHC Achieved the highest possible score in the global competition on two key core financial capabilities: sustainable finance and financial inclusiongot it too Full marks in eight other areas, including materiality, policy impact, climate strategy and human capital developmentout of 22 rating questions.
A total of 33 Taiwanese companies will be included in the DJSI World Index or Emerging Market Index in 2022, of which over 36% will be from the financial industry. Cathay FHC also leads the insurance industry as the longest-serving constituent.
As a leader in the financial services industry, Cathay FHC effectively leverages its financial capabilities to support the company’s three main sustainability goals: climate, health and empowerment. Cathay FHC works towards achieving these goals while creating long-term value through actions, plans and regular reviews of environmental, social and corporate governance (ESG) initiatives.
Cathay Financial Holdings is committed to promoting sustainability, responsible investment and climate initiatives, with carbon reduction as a key goal and making progress in three key ways:
1). engagement: Cathay FHC works with companies to raise awareness of the importance of ESG, sustainable business and collaborative climate action.take the lead Taiwan To support companies as part of Climate Action 100+, Cathay FHC is committed to working with leading carbon emitters to become net zero carbon emissions or carbon neutral by 2050.
2). operation: Cathay FHC prioritizes sourcing certified green and environmentally friendly products.
3). Policy Initiative: Cathay FHC is the first financial institution. Taiwan Joining RE100 also makes us one of the few insurers in the world to pass the Science Based Targets Initiative (SBTi) review in the area of global carbon reduction, 4th in the country and 6th in the US. It’s the second. Asia.
Cathay FHC has committed to achieving net zero carbon emissions by 2050, and its subsidiaries are actively working towards this goal by gradually reducing their carbon emissions. is.
In addition, the company is a well-known presence at important international climate forums, including its own Cathay Sustainable Finance and Climate Summit, which have been held for the sixth consecutive year. This year in particular, Cathay FHC has strengthened its ties with the international community. Cathay FHC is the first strategic partner of the World Climate Foundation (WCF). TaiwanCathay FHC has taken the initiative by live streaming the WCF’s World Climate Summit (WCS). COP27 Side event held in Sharm El Sheikh, Egypt,to approve Taiwan Stay abreast of the latest trends.chairman Cai Hong-tu He also made history as the first opening keynote speaker. Taiwan Having worked at WCS for 13 years, he shares his insights and experiences.
Cathay FHC’s sustainable practices and initiatives continue to move the industry forward. As a pioneer in green finance, we are recognized by the international community for promoting sustainability. Taiwan’s We continue to build and expand our reputation as an industry-leading financial institution. Asia Pacific A community that promotes the public good.
Source: Cathay Financial Holding