Non-financial disclosure framework and the content asked for disclosure have been gradually changing, but Cathay FHC is always the leader in the field. We make a significant breakthrough every year, and expect to shape a friendly environmental disclosure with other industries in Taiwan.
2012 First adopting “GRI Financial Services Sector Supplement” ahead of the field
2013 First publishing the English CSR report and website
2014 Replacing G3.1 with GRI G4
2015 First adopting Account Assure
2016 First adopting Integrated ESG Reporting
2017 Adopting the latest GRI Standards in advance
2018 All the indicators in Cathay FHC CS Report is assured
2019 First adopting Insurance Sustainability Accounting Standard and Commercial banks Sustainability Accounting Standard from Sustainability Accounting Standards Board (SASB)
2020 First adopted Cathay’s Sustainability Strategy Focus Area “Climate, Health, and Empowerment” as the report structure, and we were the first to perform assurance procedures on the selected sustainability performance information in relation to SDGs.
2021 First laid out a Cathay’s blueprint for the three focus areas of sustainability strategies "Climate, Health, and Empowerment," and we were the first to adopt Asset Management & Custody Activities Sustainability Accounting Standard (SASB)
2022 First disclosed Sustainable Vision and Strategy and Key Performance Indicators of Cathay’s Focus Area “Climate, Health, and Empowerment”,and adopted GRI 2021, ISSB Sustainability Disclosure Standard to disclose Cathay’s ESG information.
About this Report
Cathay Financial Holding Co., Ltd. (hereinafter referred to as "Cathay FHC") upholds the principle of prudent management in the face of global political and economic changes. We have identified three engines of growth - "Insurance, Banking and Asset Management" - as our core strategy to seek continued growth and realize our vision of becoming "the leading financial institution in the Asia-Pacific region."
Cathay FHC has been issuing non-financial reports on an annual basis since 2011. The Cathay FHC 2022 Sustainability Report issued in July 2023 presents Cathay FHC's economic and environmental (E), social (S), and governance (G) performance in 2022 (1/1-12/31). The report allows all stakeholders interested in Cathay’s performance to understand Cathay's efforts in various issues. Chinese and English versions of Cathay FHC's CS Report can be downloaded from the "Corporate Sustainability" section on our website. The last edition was released in July 2022.
This report has been prepared based upon the scope of the consolidated financial statements. It encompasses Cathay FHC and its subsidiaries: Cathay Life Insurance (Cathay Life), Cathay United Bank (CUB), Cathay Century Insurance (Cathay Century), Cathay Securities Corporation (Cathay Securities and Cathay Futures), Cathay Securities Investment Trust (Cathay SITE), and Cathay Venture, and discloses information that is relevant to Cathay's core region of operations, Taiwan. This report provides information on important investment and lending counterparts, suppliers, and customers based on the disclosure requirements of each issue.
Cathay FHC engaged BSI Taiwan to verify its report based on the GRI Consolidated Set of Standards 2021 and AA1000 AS v3 - Type 2 high-level assurance. BSI Taiwan's independent assurance statement is published as an appendix to this report.
Cathay FHC also engaged PwC Taiwan to conduct limited assurance procedures on sustainability performances and corresponding SDG outcomes selected for the report compiled in compliance with GRI Standards. The assurance was conducted in compliance with the standards published by the Accounting Research and Development Foundation in Statement of Assurance Principles No. 3000, “Audit and Review of Non-financial Information” and International Standard on Assurance Engagements ISAE 3410. PwC Taiwan's limited assurance report is provided as an appendix to this report.
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