The KPI of Cathay FHC and subsidiary presidents is linked to carbon reduction
First Carbon Labels of Life Insurance and property insurance Services :
- CUB: Cathay United Bank obtained an ISO 14067 carbon footprint verification statement and the Ministry of Environment Product Carbon Label for its online mutual fund subscription service.
- Cathay Securities: Cathay Securities obtained the Ministry of Environment Carbon Footprint Label and verification for its Cathay Securities online services.
Green Operation Process
As one of the first financial institutions to participate in Taiwan’s carbon trading system, Cathay purchased high-quality carbon credits worth over USD 200,000, accounting for one-quarter of the initial trading volume.
Cathay FHC is the first financial institution in Taiwan to join RE100. In 2025, renewable energy consumption reached 63,130 MWh, accounting for 54.2% of Cathay FHC's total domestic electricity consumption, achieved its internally established annual target for the third consecutive year. In addition, the total installed capacity of rooftop solar PV systems on Cathay-owned buildings exceeded 6,000 kW, further strengthening the resilience of its renewable energy supply. To ensure effective implementation of its renewable energy goals, Cathay has also incorporated renewable energy performance into senior executives' KPIs.
Cathay FHC has launched three workplace strategies - Mobilize Operations, Digitalize Services, and Share Workspaces - to echo green operation concepts. The company seeks to manage the GHG emissions of products to reduce carbon footprints by digitalizating work processes and performing Life Cycle Assessments (LCA)Note on products. Cathay commits to completing carbon footprint verification for 100% of major financial products and services by 2030 and will also seek to minimize per capita water consumption and waste to reduce the company's impact on the environment.
Cathay FHC is committed to developing a low-carbon real estate ecosystem through our Green Leasing Program, which helps SME tenants access renewable energy and is set to expand in phases to all Cathay-owned buildings across Taiwan by 2030. Cathay has also committed to complying with green building standards for any renovations, operations, maintenance, design, and construction of proprietary buildings. In addition to the goal of acquiring more green building certificates, Cathay also aims to ensure 45% of bank branches comply with green retrofitting standards by 2030.
The two core products―travel accident insurance and account-based whole life medical insurance―have obtained ISO 14068-1 product carbon neutrality verification, making Cathay Life the first insurance company in Taiwan to achieve product carbon neutrality verification.
Cathay United Bank obtained an ISO 14067 carbon footprint verification statement and the Ministry of Environment Product Carbon Label for its online mutual fund subscription service.
Cathay Securities obtained the Ministry of Environment Carbon Footprint Label and verification for its Cathay Securities online services..
The adoption rate for electronic statements for Taiwan equities and foreign securities subbrokerage services has exceeded 97%.
Cathay FHC maintains rigorous control over sustainability issues throughout the procurement process. Cathay FHC works with over 1,000 service providers, equipment suppliers, and construction subcontractors. To reduce negative social and environmental impacts from suppliers, Cathay FHC became the first financial institution in the world to incorporate ISO 20400 Sustainable Procurement Guidance; manage the supply chain in compliance with our "Sustainable Procurement Guidelines"; and develop a "Cathay FHC Sustainable Procurement Policy." As of the end of 2024, all Cathay suppliers have signed Cathay's Declaration of Sustainability Values.
