Sustainable Finance Blueprint
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To align with the sustainable vision and development blueprint of SinoPac Holdings, and to respond to the three 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)". Additionally, we have established short-term, medium-term, and long-term action plans and adopted a rolling revision approach.
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.
Bank SinoPac continuously guides individual and corporate customers to consider environmental sustainability and social issues by establishing responsible investment and lending practices. We also actively develop 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, and practicing ESG through concrete actions.
Summary of the Results in the 2024 Sustainable Development Plan
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Achievements |
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Actively develop green financial products
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Issued NTD 1 billion in sustainable development bonds for renewable energy and energy technology projects.
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Financing for solar photovoltaic energy generation equipment for corporate clients exceeds NTD 120 billion, with a 28% market share in installation capacity.
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Worked as the lead arranger for syndicated loans of fishery and electricity symbiosis, ground-mounted solar PV and energy storage projects, and continues to develop and expand emerging renewable energy businesses.
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served as the lead arranger for solar power and solar PV syndicated loans. From 2019 to 2024, Bank SinoPac has served as mandated lead arranger and bookrunner (Facility Agent) for solar energy plants of 15 group clients, and the total amount of the syndicated loan contracts reached NT$154.3 billion.
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Provided financial services for green energy trading and power supply transfer.
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Continued to promote products and services that support energy conservation and carbon reduction, such as the “Green Cards” with cash rebates, syndicated loans for green building urban renewal, green mortgages, and carbon footprint tracking features.
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Implement responsible investment
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Enhance ESG due diligence to include aspects of biodiversity, social, and corporate governance.
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Enhance responsible investment and implement adjustments based on the results of the pilot program for risk management mechanisms; deploy sustainable strategic investment positions.
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Enhance stewardship, enhance voting and engagement policies, and enhance the stewardship rating.
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Integrated the "Taiwan Sustainable Taxonomy" into investment processes.
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Implement responsible lending
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Continue to promote the green loans and use funding, products/services, and engagement to support business transition.
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Evaluate the inclusion of the "Taiwan Sustainable Taxonomy" into the lending procedures based on the schedule in accordance with the FSC and the Bankers Association’s lending guidelines.
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Continue to enhance the use of customers' ESG information as reference information for lending decisions.
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Promote inclusive financial services
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Offered small, fee-free revolving credit loans for families.
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Created the "DA BOSS ecosystem platform" to provide companies with integrated solutions and support SMEs and startups in their digital transformation.
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Created the industry's first multilingual ADMigrant Pay that supports 5 languages. It provides migrant workers with cardless cash payment services to create more convenient payment channels.
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Continue to offer startup funding for young entrepreneurs, first home purchase mortgages, deposits, funds, and various micro-products, supporting inclusive finance.
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Promote Digital Innovation (Services)
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Promoted and optimized digital products like "DAWHO," "SinoPac Robot Advisor - ibrAin," "ShareShares Regular Savings Plan in US Stocks," and "DACARD".
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Launched the Orbit.AI service to provide information on trends with the use of generative AI technology. It helps customers quickly grasp and continuously monitor market trends.
- Enhanced traditional processes (Smooth), provided intelligent services (Smart), and personalized in-branch experiences (Sweet) to offer fully digital branch services.
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