Reported 12 months ago
In response to the government's 2050 net zero carbon emission policy, Huawei Insurance autonomously adopted the Task Force on Climate-related Financial Disclosures (TCFD) by the Financial Stability Board (FSB) since 2022. They released 'Climate-related Financial Disclosure Reports' based on the TCFD framework and underwent TCFD compliance audits by the Huawei Financial Group for two consecutive years, achieving the highest level of certification, 'Level 5+: Excellence,' from the British Standards Institution (BSI). This demonstrates their strong commitment to corporate sustainability. With increasing global warming and extreme weather threats, focus on climate change has become a major trend across industries. Huawei Insurance aims to enhance transparency, strengthen communication with stakeholders, and advance towards sustainable development by disclosing financial information related to climate change and incorporating ESG sustainable development and carbon reduction plans into their operational strategies, including green investments, green technology, green insurance products, and initiatives for a low-carbon transformation.
Source: YAHOO