Reported 12 months ago
Cathay Financial Holdings Chairman Cai Hungtu emphasized the importance of 'energy' and 'funds' in energy transition, stating that achieving net zero is a long-term battle that tests the determination of businesses. The company plans to achieve this goal through three pathways: investing in renewable energy, collaborating on renewable energy innovation, and innovating core functions and services. Cai also highlighted the significance of financial resources for successful climate projects and discussed the progress and challenges of global energy transformation during COP28 and the G7 climate summit. Cathay Financial Holdings is committed to using 100% renewable energy for all global operations by 2050, marking significant achievements in renewable energy usage and investment as of the end of 2023.
Source: YAHOO