E.Sun Financial Holding Co (玉山金控), the first signatory of the “Business Ambition for 1.5°C” among banks in Asia, has joined the Partnership for Carbon Accounting Financials.
By signing on to the partnership, E.Sun has committed to measuring and disclosing its financed greenhouse gas (GHG) emissions by following the Global GHG Accounting and Reporting Standard for the Financial Industry.
This is another step forward for E.Sun, which was the first financial institution in Asia to adopt the 1.5°C climate target.
Photo courtesy of E.Sun Financial Holding Co
Last year, E.Sun set medium and long-term climate goals, vowing to convert its proprietary domestic buildings into green buildings by 2027 and to derive 100 percent of its energy use from renewable sources at domestic business locations by 2030. It aims to achieve net-zero carbon emissions by 2050.
Through planned, systematic and disciplined actions, concrete measures will be taken and the greatest efforts will be made on the part of E.Sun to reduce its contribution to global warming, it said.
“The financial sector has the capability to engage with individuals and corporates on ESG [environmental, social and corporate governance],” said E.Sun Bank chairman Joseph Huang (黃男州), who leads the company’s ESG policy. “This is also the main reason why the financial sector has been expected to play a key role in the trends of ESG development and be given heavy responsibilities.”
E.Sun plays a leading role on climate change and environmental issues, the company said.
It was one of the first domestic financial institutions to be a signatory to the Equator Principles.
In 2017, E.Sun became the first Taiwanese signatory company of the Task Force on Climate-Related Financial Disclosures.
Last year, E.Sun published the first sustainability report in Taiwan that adopted the Sustainability Accounting Standards and the Global Reporting Initiative standards.
E.Sun pledged to achieve intermediate targets approved by the Science-Based Targets initiative and joined the carbon partnership, a collaboration of financial institutions worldwide aiming to enable harmonized assessments and disclosures of GHG emissions.
More than 190 banks and investors from six continents have committed to the Partnership for Carbon Accounting Financials.
Climate change is one of the most crucial issues in the world, E.Sun said, adding that it upholds its responsibility as a global corporate citizen by continuing to work and cooperate with like-minded partners to take concrete actions to mitigate climate change and ensure environmental sustainability as it seeks to build a safe and beautiful home for humankind with net-zero carbon emissions.
CHIP RACE: Three years of overbroad export controls drove foreign competitors to pursue their own AI chips, and ‘cost US taxpayers billions of dollars,’ Nvidia said China has figured out the US strategy for allowing it to buy Nvidia Corp’s H200s and is rejecting the artificial intelligence (AI) chip in favor of domestically developed semiconductors, White House AI adviser David Sacks said, citing news reports. US President Donald Trump on Monday said that he would allow shipments of Nvidia’s H200 chips to China, part of an administration effort backed by Sacks to challenge Chinese tech champions such as Huawei Technologies Co (華為) by bringing US competition to their home market. On Friday, Sacks signaled that he was uncertain about whether that approach would work. “They’re rejecting our chips,” Sacks
Taiwan’s exports soared 56 percent year-on-year to an all-time high of US$64.05 billion last month, propelled by surging global demand for artificial intelligence (AI), high-performance computing and cloud service infrastructure, the Ministry of Finance said yesterday. Department of Statistics Director-General Beatrice Tsai (蔡美娜) called the figure an unexpected upside surprise, citing a wave of technology orders from overseas customers alongside the usual year-end shopping season for technology products. Growth is likely to remain strong this month, she said, projecting a 40 percent to 45 percent expansion on an annual basis. The outperformance could prompt the Directorate-General of Budget, Accounting and
NATIONAL SECURITY: Intel’s testing of ACM tools despite US government control ‘highlights egregious gaps in US technology protection policies,’ a former official said Chipmaker Intel Corp has tested chipmaking tools this year from a toolmaker with deep roots in China and two overseas units that were targeted by US sanctions, according to two sources with direct knowledge of the matter. Intel, which fended off calls for its CEO’s resignation from US President Donald Trump in August over his alleged ties to China, got the tools from ACM Research Inc, a Fremont, California-based producer of chipmaking equipment. Two of ACM’s units, based in Shanghai and South Korea, were among a number of firms barred last year from receiving US technology over claims they have
BARRIERS: Gudeng’s chairman said it was unlikely that the US could replicate Taiwan’s science parks in Arizona, given its strict immigration policies and cultural differences Gudeng Precision Industrial Co (家登), which supplies wafer pods to the world’s major semiconductor firms, yesterday said it is in no rush to set up production in the US due to high costs. The company supplies its customers through a warehouse in Arizona jointly operated by TSS Holdings Ltd (德鑫控股), a joint holding of Gudeng and 17 Taiwanese firms in the semiconductor supply chain, including specialty plastic compounds producer Nytex Composites Co (耐特) and automated material handling system supplier Symtek Automation Asia Co (迅得). While the company has long been exploring the feasibility of setting up production in the US to address
RSS