Reported about 1 year ago
Cathay Financial Holdings' subsidiary is actively promoting energy transition. Cathay United Bank has developed various sustainable products, with a sustainable credit balance exceeding 60 billion by 2023, including over 30 billion in sustainable-linked loans, showing almost a 100% growth from 2022, with over half of them tied to carbon reduction indicators. They customize strategies for companies, collaborate with authorities for initiatives like green insurance, and provide financing solutions for ESG-focused businesses. Cathay Insurance has been supporting solar and wind power projects since 2010, issuing green insurance. Cathay Securities became the first brokerage approved by the Financial Supervisory Commission to engage in STO business, initiating Taiwan's first 'Sunshine Green Benefit Debt-based STO' to encourage renewable energy, carbon reduction, and plastics reduction. Cathay Asset Management introduced the CathayQE thematic quantification index focusing on ESG topics and established the Zero Carbon Island electronic dividend notification plan, saving an estimated 2.4 times the paper height of 101 skyscrapers throughout 2023.
Source: YAHOO