As unprecedented downpours in Europe, China and India have shown, climate change is a challenge that all humanity must face in the 21st century. Last year, Citibank Taiwan Ltd (花旗台灣) and the Taiwan Youth Climate Coalition (TWYCC) jointly launched a series of initiatives called Citi Empowers Taiwan Youth to Tackle Climate Change. One part, titled “Taiwan Conference of Youth,” has attracted more than 360,000 views.
To increase awareness of climate change, Citibank Taiwan and the TWYCC have published the Citi Empowers Taiwan Youth to Tackle Climate Change guide, which assembles information on climate change; international trends in environmental, social and corporate governance (ESG) goals and climate issues; and insights from experts in Taiwan and overseas. The guide is available on the Citi Youth Climate Power Initiative’s Facebook page.
“A recent Citi Asia Pacific report shows that more than half of companies have incorporated ESG strategies and practices into their overall corporate strategy,” said April Pan (潘玲嬌), head of Citibank Taiwan’s country corporate affairs and government affairs department. “Citibank Taiwan understands the importance of ESG sustainability issues — and not only released its first certified ESG report last year, but has also worked with its employees, customers, non-profits and other stakeholders to implement the UN Sustainable Development Goals on sustainable cities and communities, climate action, life below water and partnerships for the goals.”
Photo courtesy of Citibank Taiwan Ltd
In addition to pursuing sustainable development for businesses and the environment, Citi is committed to promoting youth empowerment.
“In Taiwan, a group of young people have stepped forward to address climate change and promote climate diplomacy through the far-reaching influence of the Internet,” Pan added. “We hope that through their creativity and energy, we can inject much-needed positive energy into raising more awareness on climate issues among the younger generation and the general public.”
“As a result, in 2020, Citibank Taiwan started working with the TWYCC and launched the Citi Empowers Taiwan Youth to Tackle Climate Change initiative, hoping, through a variety of programs, to increase awareness about the global warming crisis and help people understand how they can practice low-carbon living and achieve environmental sustainability,” she said.
The guide is a treasure trove of knowledge, containing all of the information that Taiwanese youth need to tackle climate change. Featuring Citigroup Inc chief sustainability officer Valerie Smith and international experts, the guide includes trends in international ESG and climate issues, as well as how climate change is linked to digital media, diplomacy and the UN. It also gives readers insight into the mechanics of international climate negotiations and provides tips on how to fight climate change in daily life.
The Citi Empowers Taiwan Youth to Tackle Climate Change initiative seeks to assist Taiwanese youth in their understanding of climate change issues and to encourage them to explore environmental issues more deeply.
In addition to the Citi Empowers Taiwan Youth to Tackle Climate Change guide, which is being launched today, other initiatives such as the Taiwan Conference of Youth, the World Climate Workshop and an online public commitment campaign have benefited nearly 370,000 people.
In addition, Citi was named Best Bank for Corporate Responsibility in Asia by Euromoney in their recent annual awards, announced on July 14. The editorial award recognizes a bank’s commitment to fostering diversity and inclusion; reducing the environmental impact of operations; promoting workforce development and social mobility; and innovative and effective initiatives to strengthen local communities in which banks are domiciled.
Taiwan’s foreign exchange reserves fell below the US$600 billion mark at the end of last month, with the central bank reporting a total of US$596.89 billion — a decline of US$8.6 billion from February — ending a three-month streak of increases. The central bank attributed the drop to a combination of factors such as outflows by foreign institutional investors, currency fluctuations and its own market interventions. “The large-scale outflows disrupted the balance of supply and demand in the foreign exchange market, prompting the central bank to intervene repeatedly by selling US dollars to stabilize the local currency,” Department of Foreign
ENERGY ISSUES: The TSIA urged the government to increase natural gas and helium reserves to reduce the impact of the Middle East war on semiconductor supply stability Chip testing and packaging service provider ASE Technology Holding Co (日月光投控) yesterday said it planned to invest more than NT$100 billion (US$3.15 billion) in building a new advanced chip testing facility in Kaohsiung to keep up with customer demand driven by the artificial intelligence (AI) boom. That would be included in the company’s capital expenditure budget next year, ASE said. There is also room to raise this year’s capital spending budget from a record-high US$7 billion estimated three months ago, it added. ASE would have six factories under construction this year, another record-breaking number, ASE chief operating officer Tien Wu
The EU and US are nearing an agreement to coordinate on producing and securing critical minerals, part of a push to break reliance on Chinese supplies. The potential deal would create incentives, such as minimum prices, that could advantage non-Chinese suppliers, according to a draft of an “action plan” seen by Bloomberg. The EU and US would also cooperate on standards, investments and joint projects, as well as coordinate on any supply disruptions by countries like China. The two sides are additionally seeking other “like-minded partners” to join a multicountry accord to help create these new critical mineral supply chains, which feed into
For weeks now, the global tech industry has been waiting for a major artificial intelligence (AI) launch from DeepSeek (深度求索), seen as a benchmark for China’s progress in the fast-moving field. More than a year has passed since the start-up put Chinese AI on the map in early last year with a low-cost chatbot that performed at a similar level to US rivals. However, despite reports and rumors about its imminent release, DeepSeek’s next-generation “V4” model is nowhere in sight. Speculation is also swirling over the geopolitical implications of which computer chips were chosen to train and power the new
RSS