At this year’s Taiwan Corporate Sustainability Awards ceremony organized by the Taiwan Institute for Sustainable Energy on Wednesday, CTBC Financial Holding Co (中信金控) won the Comprehensive Performance Award and three Corporate Sustainability Report Awards, the company said in a statement.
In addition, James Chen (陳佳文), chairman of CTBC Financial subsidiary CTBC Bank (中信銀行), also took home the Outstanding Sustainability Professionals Award, the third time that CTBC Financial has won the most prestigious honor for individuals at the Taiwan Corporate Sustainability Awards, it said.
CTBC Financial has emerged as a big winner at this year’s Taiwan Corporate Sustainability Awards after receiving eight accolades spanning various categories last month, it said.
Photo courtesy of CTBC Financial Holding Co
Chen and CTBC Financial president Rachael Kao (高麗雪) accepted the awards from Minister of Economic Affairs J.W. Kuo (郭智輝).
In the past few years, CTBC Financial has introduced international sustainability initiatives to align with global standards when Chen was the company’s president. He encouraged the company to plan its own carbon reduction and green energy deployment plans in accordance with science-based targets, as well as use investment and financial means to support national green energy policies and assist clients to reduce carbon emissions.
Meanwhile, Chen also served as the first chairman of the Coalition of Movers and Shakers on Sustainable Finance, which was established in 2022 by five financial holding companies, including CTBC Financial.
As for CTBC Bank, the lender established a dedicated team in 2017 to cooperate with Danish offshore wind power developers Copenhagen Infrastructure Fund P/S and Orsted A/S. It is the only financial institution in Taiwan to serve as a financial adviser to developers of five offshore wind farm projects.
The lender has also organized financing for offshore wind power projects, including the largest syndicated loan in the Asia-Pacific region for the Hai Long project, to assist the government in promoting energy transformation.
Since last year, the strategic alliance between CTBC Bank and the Industrial Technology Research Institute has helped small and medium-sized enterprises to solve funding and technology problems. So far, it has completed net zero counseling for 26 corporate customers.
CTBC Financial said it has adopted a sustainability strategy guided by the three pillars of “responsible operations,” “sustainable growth” and “co-prosperity in society.”
In addition to responding to the sustainable development goals, the company promotes the low-carbon economy and inclusive finance, which allowed it and its subsidiaries Taiwan Life Insurance Co (台灣人壽) and CTBC Securities Co (中信證券) to win several accolades spanning various categories in this year’s Taiwan Corporate Sustainability Awards, the company added.
CTBC Financial also proactively pays attention to biodiversity issues while promoting environmental sustainability, the company said, adding that it aims to launch 30 initiatives with its partners by 2030 to protect Taiwan’s natural resources and species.
HORMUZ ISSUE: The US president said he expected crude prices to drop at the end of the war, which he called a ‘minor excursion’ that could continue ‘for a little while’ The United Arab Emirates (UAE) and Kuwait started reducing oil production, as the near-closure of the crucial Strait of Hormuz ripples through energy markets and affects global supply. Abu Dhabi National Oil Co (ADNOC) is “managing offshore production levels to address storage requirements,” the company said in a statement, without giving details. Kuwait Petroleum Corp said it was lowering production at its oil fields and refineries after “Iranian threats against safe passage of ships through the Strait of Hormuz.” The war in the Middle East has all but closed Hormuz, the narrow waterway linking the Persian Gulf to the open seas,
RATIONING: The proposal would give the Trump administration ample leverage to negotiate investments in the US as it decides how many chips to give each country US officials are debating a new regulatory framework for exporting artificial intelligence (AI) chips and are considering requiring foreign nations to invest in US AI data centers or security guarantees as a condition for granting exports of 200,000 chips or more, according to a document seen by Reuters. The rules are not yet final and could change. They would be the first attempt to regulate the flow of AI chips to US allies and partners since US President Donald Trump’s administration said it rescinded its predecessor’s so-called AI diffusion rules. Those rules sought to keep a significant amount of AI
Apple Inc increased iPhone production in India by about 53 percent last year and now makes a quarter of its marquee devices there, reflecting the US company’s efforts to avoid tariffs on China. The company assembled about 55 million iPhones in India last year, up from 36 million a year earlier, people familiar with the matter said, asking not to be named because the numbers aren’t public. Apple makes about 220 million to 230 million iPhones a year globally, with India’s share of the total increasing rapidly. Apple has accelerated its expansion in the world’s most populous country in recent years, bolstered
A new worry has been rippling across the stock market lately: Entire businesses, not just their employees, might be thrown out of work. While most economists say fears of an artificial intelligence (AI) job apocalypse are overblown, seismic shifts have happened in the past after big tech breakthroughs. The IT revolution of the 1990s led to a surge in productivity that sped up the US economy for several years. It also rendered companies or even industries largely redundant — from travel agents and stockbrokers to classified advertising and newspapers, or video rental stores. Economists expect AI would deliver higher productivity,
RSS