CTBC Financial Holding Co., Ltd. (hereinafter CTBC Holding) was established on May 17, 2002. What started out as a modest company with just 19 employees, grew into a powerhouse with locations around the world, over 27,000 employees, and assets in excess of NT$5 trillion.
We at CTBC know that our community is feeling the effects of COVID-19, and we’re here to help. Our subsidiaries have launched a range of support measures during this time, including the following:
CTBC Holding is actively responding to the risks and opportunities brought by climate change. As part of these efforts, in April 2020, we signed a commitment to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) of the G20 Financial Stability Board.
As a signatory, the Company will be better equipped to address the risks and opportunities brought by climate change. We will do so by implementing a risk management system for identifying, assessing, monitoring, and reporting such risks and opportunities.
CTBC Holding has been voluntarily supporting and adhering to global ESG initiatives since well before becoming a TCFD signatory. For example, we have followed and disclosed related recommendations in our CSR Report since 2017. Furthermore, the Company this year established an ESG Office, which reports directly to the President, and has been voluntarily following the U.N.’s Principles for Responsible Banking (PRB) since last year.
At the end of this year, we also expect to disclose PRB and Principles for Sustainable Insurance reports, further ensuring that environmental, social, and corporate governance considerations are thoroughly integrated into our daily operations.
We are proud to share this progress in supporting ESG initiatives, and we thank you for your continued support as we seek to make the financial sector a force for good in the fight against climate change.