Sustainable Supply Chain Management
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Sustainable Supply Chain Management
In addition to managing its own environmental performance, SinoPac Securities addresses the procurement aspect by leveraging green procurement and supplier sustainability management mechanisms. Through concrete actions, the Company supports suppliers who provide low-carbon, sustainable products and encourages them to join in setting carbon reduction targets. SinoPac Securities and its domestic and overseas subsidiaries work with a total of 127 suppliers, including approximately 69 key suppliers with procurement volumes exceeding NT$2 million. The suppliers can be mainly categorized into six types: computer information, construction services, marketing services, property management and security, printed materials, and office supplies. SinoPac Securities adheres to the "Supplier Sustainable Development Guidelines" established by its parent company, SinoPac Holdings, and signs the "Supplier Sustainability Commitment" with its suppliers, expecting them to adopt consistent principles. These principles include respecting labor human rights, prohibiting discrimination, banning child labor, ensuring occupational safety and health, environmental protection, procuring environmentally certified products, business ethics, and integrity in operations, all aimed at promoting economic, social, and environmental ecological balance and sustainable business practices.
Suppliers implement human rights protections
SinoPac Securities has revised its "Procurement Management Guidelines" in line with its parent company, SinoPac Holdings, in 2019, integrating ESG issues into the procurement process. Labor human rights and occupational safety and health conditions of suppliers will be considered as one of the criteria for bid evaluation. The supplier assessment has added sustainability bonus items, incorporating relevant risks and bonus conditions based on high-risk industries. The "Supplier Sustainability Commitment" also stipulates that all suppliers must adhere to the behavioral standards of "labor human rights" and "occupational safety and health," ensuring the management of employee wages and benefits. They are also required to establish a comprehensive safety work system, provide appropriate training, create reporting and review mechanisms for labor incidents, and protect workers' rights to refuse work in unsafe environments.
In addition, the Company actively engages with suppliers through diverse channels to discuss areas for strengthening ESG performance and conducts training on supplier management for internal procurement staff. As part of its 2025 sustainable supply chain initiative, the parent company, SinoPac Holdings, organized three training sessions for internal procurement personnel: a briefing on supplier sustainability risk surveys, a briefing on audit results for suppliers with high ESG risks, and a session on sustainable procurement case studies and practical applications. Twelve procurement staff members from SinoPac Securities participated, aiming to foster optimal partnerships for sustainability with suppliers. Furthermore, SinoPac Holdings hosted its third Supplier Conference in 2025, attended by 109 vendors. Two additional training sessions under the sustainable supply chain initiative were held for suppliers, covering "Low-Carbon Transition and Greenhouse Gas Inventory" and "Trends and Preparation of Corporate Sustainability Disclosures"; fourteen of SinoPac Securities' suppliers participated in these courses. These efforts not only helped supplier partners understand supply chain management strategies and goals but also strengthened their commitment to sustainability and human rights practices, as well as their resilience in addressing related challenges.
Outcomes of Circular Economy Flagship Projects
In 2023, the parent company, SinoPac Holdings, conducted a comprehensive review of potential circular economy opportunities across the operational activities of the holding company and its subsidiaries. In 2024, SinoPac Securities and its domestic and overseas subsidiaries revised their "Procurement Management Guidelines" to encourage purchasing from vendors that offer circular economy benefits. The Company continues to set relevant targets and implement initiatives to advance the adoption and execution of circular economy practices, as outlined below:
SinoPac Securities, together with its parent company SinoPac Holdings and supply chain partners, is actively promoting the circular economy. In 2022, the Company partnered with a uniform manufacturer with the goal of transitioning winter and summer uniforms (shirts) for both male and female employees to eco-friendly yarn materials by 2025, and fully adopting eco-certified materials for summer uniforms starting in 2026. These fabrics are made from recycled materials and hold Global Recycled Standard (GRS) certification, ensuring compliance with international sustainability standards regarding raw material sourcing, manufacturing process management, and environmental impact. The Company continues to support and promote the circular economy while deepening awareness of environmental sustainability among both internal and external stakeholders.
Furthermore, starting in 2025, SinoPac Securities—aligned with the strategy of its parent company, SinoPac Holdings—has set a long-term goal of ensuring that 70% of its printed materials utilize recycled or eco-friendly paper, thereby demonstrating its ongoing commitment to environmental sustainability. In support of plastic reduction targets and the promotion of a circular economy, the Company and its domestic and overseas subsidiaries have eliminated OPP plastic bag packaging for their seasonal gifts (such as desk calendars, notebooks, and red envelopes). For the 2026 desk calendars (produced in 2025), the design centers on an "eco-friendly lifestyle philosophy": it eschews plastic spiral binding in favor of eco-friendly paper materials and features a base designed to hold stationery or a mobile phone, thereby enhancing reusability. The notebooks utilize eco-friendly paper sourced in Taiwan—manufactured from recycled paperboard and coffee waste—which is recyclable, compostable, and biodegradable, while also complying with EU REACH regulations and RoHS standards regarding heavy metals.
Achievements in Local and Green Procurement
SinoPac Securities and its domestic and overseas subsidiaries actively promote local and green procurement, prioritizing local suppliers and selecting products that carry eco-friendly, green energy, or water-saving certifications. In 2025, procurement from local suppliers accounted for 93.33% of the total, with a value of NT$1,018.24 million; of this, NT$86.97 million—representing 8.54% of the total procurement value—was attributed to green procurement.
