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
Reporting Guidelines and International Framework
This report is structured in accordance with GRI (Global Reporting Initiative) G4, Financial Services Sector Supplement, Corporate Social Responsibility Best Practice Principles for TWSE/GTSM Listed Companies, ISO 26000 Social Responsibility Guidelines, UN Global Compact, Regulations Governing Preparation and Filing of CSR Reports by TSEC and GTSM Listed Companies, Integrated Reporting, Sustainability Accounting Standards, and Sustainable Development Goals (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 + Asset Management" - as our core strategy to seek continued growth and realize our vision of becoming "the leading financial institution in the Asia-Pacific".
Cathay FHC has been issuing non-financial reports on an annual basis since 2011. The Cathay FHC 2017 Corporate Sustainability(CS) Report issued in July 2018 presents Cathay FHC's economic and environmental (E), social (S), and governance (G) performance in 2017 (1/1-12/31). The report allows all stakeholders interested in Cathay’s performance to understand Cathay's efforts in various aspects. Chinese and English versions of Cathay FHC's CS Report can be downloaded from the "Corporate Sustainability" section on our website.
Basis for this report
This report is compiled in accordance with the core options of the GRI Standards of the Global Reporting Initiative (GRI), and discloses the five capitals using the integrated reporting framework established by the International Integrated Reporting Council (IIRC). Contents of this report also correspond to the UN's Sustainable Development Goals (SDGs). This report also takes into consideration the Financial Services Sector Supplement, Corporate Social Responsibility Best Practice Principles for TWSE/GTSM Listed Companies, ISO 26000 Social Responsibility Guidelines, UN Global Compact, and Regulations Governing Preparation and Filing of CSR Reports by TSEC and GTSM Listed Companies, and Sustainability Accounting Standards.
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), Cathay Securities Investment Trust (Cathay SITE), Cathay Venture, and Cathay Futures, and discloses information that is relevant to Cathay's core region of operations: Taiwan. Please refer to “Summary of Subject Matter Assured” for the scope and boundary of subject matter assured.
The Company has engaged PwC Taiwan to corroborate its report compiled based on the GRI Standard 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. A copy of this opinion is included in the appendix of this report.
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