SinoPac Subsidiaries

Incorporate ESG Factors into Bond Underwriting 

SinoPac Securities incorporate ESG topics into the investment analysis and decision-making process of its bonds underwriting service according to the “Responsible Investment Management Guidelines”. The company understand the background of issuers and performance in each ESG aspect through the KYC process, and avoid providing services to controversial industries or companies, such as pornography, controversial arms. For high-risk, sensitive industries or companies, such as: Oil and gas industry, coal-fired power generation industry, gambling, those with issues in food safety, toxic radioactive substance, non-medical and hazardous genetic engineering, non-adhesive asbestos fiber and polychlorinated biphenyls (PCBs) manufacturing, investments must be thoroughly evaluated, more mindfully analyzed and explained, require higher level of authority for approval, the ratio of positions must be controlled, or engage in shareholder activism. Also, an exceptions management process must be established to prevent having a material negative impact on the external environment or society.