Cathay FHC believes that climate is at the core of sustainability. By spotlighting Green Energy, Green Operations, and Green Real Estate, Cathay FHC is steadily implementing its "Zero Carbon Operation Transition Plan" to achieve net zero emissions by 2050. Cathay FHC has been able to transform workplace norms and work patterns, leverage real estate to generate sustainable impacts, and reduce operational emissions. In addition, Cathay FHC is the first financial institution from Taiwan to join RE100 and the sixth in Asia to obtain SBT approval. The company provides customers with easy access to renewable energy services and works with customers to create a net zero economy and achieve sustainability goals. To achieve related goals, the performance of Cathay FHC and subsidiary presidents is linked to carbon reduction results, shaping a corporate culture spotlighting carbon reduction practices from management to all units.


Sustainable  Environment

Green Energy

Around 93% of carbon emissions generated by Cathay operations derive from purchased electricity. As such, the group has decided to increase renewable energy management efficiency and reduce environmental impacts through systematic management and use of renewable energies. Cathay FHC and its subsidiaries are spotlighting four areas - "Increase Use of Renewable Energies," "Deploy Energy Management Systems," "Adopt Carbon Pricing Mechanisms," and "Install Solar Panels on Proprietary Buildings" - to achieve net zero emissions by 2050.


Green Operations

To keep up with thriving work-from-home (WFH) and digital transformation trends, Cathay FHC is cultivating workplace environments by integrating green operation concepts. Cathay FHC has also established carbon reduction goals and is seeking to minimize water consumption and waste per capita to reduce the group's environmental impact.

Work patterns and consumer behaviors have changed in the post-pandemic era. Cathay FHC has thus deployed three green operations strategies - digitalize services, mobilize operations, and share workspaces - to create a low-carbon, agile, shared, and circular workplace and established carbon reduction goals. Currently, Cathay FHC is digitalizing work processes to reduce carbon footprints generated by financial products and services and using life cycle assessment (LCA) to calculate and manage GHG emissions produced by products or services, including upstream green procurement and midstream low-carbon product and service processes. In addition, Cathay FHC is actively working to acquire product carbon footprint and carbon reduction labels. In a show of resolve to reduce carbon emissions, Cathay commits to completing carbon footprint verification for 85% of major financial products and services by 2030.


Green Real Estate

Cathay FHC believes that investing, developing, and managing commercial real estate should be about more than profits. It should be about how we coexist with the environment and flourish with society. To such ends, Cathay FHC committed in 2017 to comply with green building standards and obtain EEWH, Taiwan's green building certificate, for any new buildings developed or invested in by Cathay FHC. Cathay is dedicated to creating a low carbon real estate ecosystem, working with tenants through the " Green Leasing Program " to achieve net zero emissions, and making renewable energies more accessible to SME tenants. Cathay FHC is striving toward energy transition and UN SDGs through three directions: "low-carbon architecture," "green retrofit," and "green landlord."



Carbon footprint of products

Cathay strives to lessen the carbon footprint of insurance products, engage in green procurement upstream, and develop low carbon products midstream through mobile insurance services. Cathay obtained the ISO 14067 certification and green product labels from the government by determining the carbon footprint of products. Cathay Life became the first insurance company in Taiwan to obtain both the ISO 14067 (carbon footprint) certification and Carbon Reduction Label in 2020, thanks to its green actions. Cathay Century led the industry in establishing PCR for "property insurance services" according to standards of the Environmental Protection Administration, and is the first property insurance company in Taiwan to obtain both the ISO 14067 (carbon footprint) certification and Carbon Reduction Label.

In 2021, CUB is the first financial institution in Taiwan to obtain the Carbon Footprint Label and Carbon Reduction Label for "personal unsecured loans," and it established relevant Product Category Rules (PCR). CUB accelerated its electronic services through digital finance, and the carbon emission of each transaction from raw materials used, service, to the waste disposal stage was 8.9 kg in 2019, 27.7% lower than the 12.3 kg in 2018, achieving the goal of reducing carbon emissions by 3% in advance and allowing the financial sector to take a big step forward towards a low-carbon economy.


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