Fubon Life regards sustainable operations as a core element of corporate social responsibility. In 2024, amid a positive global economic outlook and capital market trends, the Company continued to deliver stable performance through strengthened corporate governance and the promotion of various innovative services. It has not only maintained a leading position in the market but also achieved new highs in total assets and profitability.
The Company has long been committed to ESG issues and actively engages with internal and external stakeholders through various communication channels to address their ESG concerns and expectations, thereby enhancing its sustainability practices. Leveraging the unique characteristics of the life insurance industry, the Company integrates ESG principles into its core business, offering a diverse range of financial products and services while remaining deeply rooted in local communities, demonstrating social care and impact to further advance its endeavors in sustainable life insurance operations.
To fulfill its commitment to sustainability and align with sustainability trends, the Company, in adherence to Fubon Financial Holdings’ ESG Visioning Project, established the ESG Task Force tasked with the development and implementation of sustainability-related projects. The Sustainability Development Department serves as the secretariat of the ESG Task Force, under which there are six working groups in charge of corporate governance, employee care, innovative services, social commitment (environmental sustainability included), responsible finance, and risk adaptation. These groups regularly review material topics, consolidate and disclose the Company’s sustainability information, and monitor the progress of ESG projects across business units during annual performance evaluations to ensure the effective implementation of ESG strategies and goals.
To strengthen sustainability governance, the President serves as the executive overseeing the ESG Task Force. The ESG Task Force reports biannually to the Board of Directors and the Sustainable Development Committee on ESG project plans and implementation results. The Board and Committee are responsible for reviewing the Company’s sustainability practices and fulfillment of corporate social responsibility. In response to the impacts of climate change and international focus on sustainability issues, the ESG Task Force also conducts regular tracking of Greenhouse Gas Inventories and Fair Customer Treatment projects, with quarterly reports submitted to the Board for oversight and management.
Fubon Financial Holdings launched the Run For Green™ ESG initiative in 2021, outlining four sustainability strategies: Decarbonization, Digitalization, Empowerment, and Connection. Long-term goals for 2030 were set in 2023, demonstrating a commitment to sustainable practices.
Fubon Life adopts the sustainability strategies of Fubon Financial Holdings in its profound cultivation of a culture of sustainability. The United Nations Sustainable Development Goals (SDGs) and Taiwan’s sustainability policy objectives are also integrated into our development strategies and core business decisions to promote ESG action plans.
Short, medium, and long-term goals are formulated for issues of concern under sustainable governance and the four primary sustainability strategies: decarbonization, digitalization, empowerment, and connect.
