Shin Kong Financial Holdings (SKFH) has long been committed to practicing corporate sustainability. The Science-Based Targets Initiative (SBTi) recently approved the science-based carbon reduction targets submitted by SKFH, which is an international recognition of the company's efforts to mitigate climate change.
 

In addition, SKFH has been selected as a component stock of the Dow Jones Sustainability World Index (DJSI World) for three consecutive years. In 2023, it achieved the second place globally and the first place in Asia in the insurance category. It has also been included in the Dow Jones Sustainability Emerging Markets Index (DJSI Emerging Markets). The latest edition of the Sustainability Yearbook 2024 published by S&P Global, an international sustainability rating agency, recognized New Kinpo Group as one of the top 5% performers in the global insurance industry, further demonstrating its leading position in international sustainable development.
 

SBTi, initiated by the Carbon Disclosure Project (CDP), the United Nations Global Compact (UNGC), the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF), aims to promote the use of consistent scientific methods by companies to set carbon reduction targets that contribute to achieving the goals of the United Nations Paris Agreement, which is to limit global warming to below 1.5°C. SBTi provides verification to ensure the scientific and feasibility of these targets. SKFH strict 1.5°C scenario-based carbon reduction targets for its operations (Scope 1 and Scope 2) at all domestic and international locations, with 2022 as the base year. The company plans to achieve a 42% reduction in carbon emissions by 2030 through measures such as energy conservation, replacement of energy-consuming equipment, installation of solar power equipment, increasing the use of renewable energy, and implementing internal carbon pricing. For the financial sector's most critical financial carbon emissions (Scope 3), SKFH has also set carbon reduction targets for its investments in listed stocks, as well as financing positions in power generation and commercial real estate. The company plans to include 100% of its long-term financing positions in fossil fuels in its target setting and gradually phase out investments and financing activities in coal, unconventional oil, and gas.
 

In addition, SKFH actively leverages its financial influence through various financial services such as "green investment," "green financing," and "sustainable performance-linked loans" to guide funds into low-carbon industries. It also upholds the spirit of responsible governance for institutional investors, continuously engaging with customers through visits, video conferences, phone interviews, and forums to encourage energy conservation, carbon reduction, and the setting of carbon reduction goals. Together with financing clients, SKFH promotes the transition to a low-carbon economy. As of the end of 2023, the amount of green investment and financing by SKFH has exceeded NT$72.5 billion. Internally, the company promotes education and training to enhance the ability of business units and customers to engage in sustainable investment and financing. It also strengthens the awareness of management units regarding climate risk management and financial carbon emissions management to enhance the company's climate resilience.