E.SUN FHC has announced the publication of its “2023 Climate and Nature Report”, the first report of its kind in Taiwan to receive third-party verification under the Taskforce on Nature-related Financial Disclosures (TNFD) framework. This report successfully passed the British Standards Institute’s (BSI) first-ever conformity check on the TNFD framework, achieving the highest grade of “Level 5: Excellence”. Additionally, it has also earned the highest grade of “Level 5+: Excellence” for climate-related financial disclosures (TCFD).
E.SUN was the first financial institution in Taiwan to publish a joint TNFD and TCFD report in 2022. We further joined the ranks of TNFD Early Adopters at the beginning of 2024, announcing our commitment to align with TNFD disclosure standards. This report incorporates the LEAP assessment approach for investment and financing positions in Taiwan, reviewing over 35,000 domestic corporate operation sites and more than 120,000 mortgage collateral locations. In addition to utilizing international databases and methodologies, our evaluation is enhanced with localized data, including 51 operational characteristics and geospatial indicators, forming 31 data layers. Furthermore, this report trials the TNFD’s nature scenario analysis, assessing the impacts of biodiversity loss and water stress scenarios on our investment and financing portfolio.
E.SUN is committed to integrating sustainability into its financial operations, encouraging corporate investment in resources, and establishing sustainable development goals. Through collaboration with the Agricultural and Food Agency, the Corporate Synergy Development Center, and the Tse-Xin Foundation, E.SUN launched the “Leopard Cat Loan Project” to provide financial support for agricultural producers seeking Traceable Agricultural Product verification, organic certifications, and Ministry of Environment Green Mark labeling. Moving forward, E.SUN plans to expand the Farm to Table sustainable food value chain, promoting a harmonious relationship between food production and nature.
Photo courtesy of E.SUN FHC
Since 2008, E.SUN has partnered with the Ministry of Agriculture’s Forestry and Nature Conservation Agency, National Taiwan University, and other organizations to continue its investment in tree planting and educational outreach activities. E.SUN also held the “No Net Loss and No Deforestation Forum” in November alongside Chunghwa Telecom, pledging to uphold biodiversity and refrain from deforestation. By joining forces with its customers and the broader community, E.SUN strives to protect vital forest resources.
E.SUN FHC Chairman Joseph N.C. Huang stated, “A good ESG strategy is fundamentally a good business strategy.” The transition from addressing climate issues to tackling nature-related challenges is laden with daunting tasks that require firm resolve and strong execution to overcome. In addition to our commitment to achieving net-zero emissions by 2050, E.SUN also endeavors to mitigate its impact on nature and aims to achieve “Nature Positive”. E.SUN will continue to actively exert a positive influence, driving sustainable transformation through innovative financial services and collaborative actions, and working alongside corporate partners and peers to create a beautiful home in harmony with nature.
Note: The current highest grade given by BSI for TNFD conformity is “Level 5: Excellence”, while the highest grade for TCFD conformity is “Level 5+: Excellence”.
Report Link: E.SUN FHC 2023 Climate and Nature Report
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