Sustainable Finance Blueprint
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In order to follow the sustainable vision and development blueprint of SinoPac Holdings, and to response to the three sustainable sustainability commitments of SinoPac Holdings to "Reduce Inequality," "Mitigate and Adapt to Climate Change" and "Promote Inclusive Growth", Bank SinoPac has formulated four action plans, namely "Improve accessibility of financial services", "Support the development of the green energy industry", "Raising climate awareness(customers)", and "Supporting the growth of small and medium enterprises (SMEs)", and established short-term, medium-term, and long-term action plans.
Bank SinoPac has signed the statement of compliance with the Stewardship Principles for Institutional Investors and established the “Stewardship Policy”. Furthermore, we signed the Equator Principles (EPs) in 2020 and published the first Equator Principles report in 2021.
Bank SinoPac continuously guiding the market and clients to consider environmental protection and social issues by establishing responsible investment and lending practices, we also actively developed various sustainable finance products and services such as green or low-carbon transformation and financial inclusion, combining the core financial industry to promote the sustainable development of the environment and society.
Summary of the Results in the 2021 Sustainable Development Plan
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Strategy
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Achievements
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Actively develop green financial products
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Issued the first social bond in Taiwan with a total amount of NT$1 billion, and the raised funds will be used for five types of social responsibility investment plans.
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Managed the "agriculture (fishery) and electricity symbiosis" ecosystem, and balance of renewable energy financing exceeded NT$59.3 billion.
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Served as the lead arranger for 10 solar energy plant syndicated loans for groups, including the largest fishery and electricity symbiosis power plant syndicated loan in Taiwan.
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Continued to support the government's green energy policy and developed a green energy trading platform and Solar Power Plant Management System.
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Implement responsible investment
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Continued to implement the Stewardship Principles for Institutional Investors, strengthen information disclosure.
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Established ESG investment guidelines that were implemented on a trial basis for industries with high carbon emissions, including oil and natural gas and coal-fired power generation.
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Implement responsible lending
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Implemented the TEJ CSR database/ESG dashboard and Dun & Bradstreet Database, carried out disclosure and monitoring of positive and negative ESG information before, during, and after lending, established customer engagement channels through the collection and analysis of ESG information, used funds for guidance and dialogue, and jointly implemented improvement action plans with customers.
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Published first EPs Report in 2021. Disclosures included the EPs implementation process and mechanisms, education and training, and related information.
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Established an Environmental and Social Risk Team in November 2021 to assist with the risk assessment and review of EPs cases.
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Promote inclusive financial services
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Developed the Smart Wholesale Market Transaction Facilitation Platform 2.0, expanded the API to bridge the cash flows in different use scenarios.
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In 2021, through the integration and connection of the system, and established the "System for Controlling and Managing Risk of Credit Card" , continued to optimize the financial integration plan for migrant workers.
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Promote Digital Innovation (Services)
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Continued to optimize the functions of digital products, including DAWHO and SinoPac Robot Advisor - ibrAin.
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Released the payment and credit card management App DACARD at the end of 2021. The App integrates online payment and credit card management functions.
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