To implement the Sustainable Development Roadmap and enhance ESG risk management mechanisms, SinoPac Securities (the Company) integrated climate change risks into the Company’s “Risk Management Policy” and established the "Guidelines for the Management of Climate-Related Risks and Opportunities" in 2023 to strengthen the management of climate risks and opportunities.
The Company has assessed the climate related risks and opportunities, identified the financial impacts in various climate scenarios for the physical risks and transition risks, and implemented responsive mitigation or adaptation measures accordingly.
Furthermore, considering that climate change has become one of the major risks to the global economy and human survival, governments and corporations in the globe have committed to net zero greenhouse gas emissions. On March 15, 2022, the Board of Directors of SinoPac Holdings, the parent company of SinoPac Securities, has approved the net zero commitment, including its own operations by 2030 and its financial portfolios by 2050. SinoPac Holdings signed the Science Based Targets initiative (SBTi) commitment letter in Aug. 2022 and submitted the science-based target for approval in December 2022. In the future, the Company will collaborate with stakeholders to start low-carbon transformation and contribute to Taiwan’s net zero through the sustainable finance.