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.
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 2020 Corporate Sustainability(CS) Report issued in July 2021 presents Cathay FHC's economic and environmental (E), social (S), and governance (G) performance in 2020 (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 2020.
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.
The Company entrusted BSI Taiwan to verify its report based on the GRI Standard - Core Options and AA1000 AS v3 Type 2 high-level assurance. The Company has also engaged PwC Taiwan to perform assurance procedures on the selected sustainability performance information of its corporate sustainability report compiled based on the GRI standard and the selected sustainability performance information in relation to SDGs using the standards published by the Accounting Research and Development Foundation in Statement of Assurance Principles No. 1, “Audit and Review of Non-financial Information” and ISAE3000, to which PwC has concluded with an opinion of limited assurance. Both independent assurance statement and opinion are published as an appendix to this report.
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