Cathay Financial Holding Co Ltd

Cathay FHC has clearly stipulated on its Code of Operation Integrity and Code of Conduct for Employees that participation in public affairs must comply with laws and regulations, and any donations made must be disclosed accordingly. Following the rapid development of digital finance technologies, financial institutions not only face competition from the technology industry or e-commerce platforms, but must also respond to a plethora of emerging risks, such as aging population and climate change. Cathay FHC engages in the affairs of various associations and societies in hopes of building a consensus in the industry and contributing to industrial development. Long time collaborators include the Insurance Society of the R.O.C., International Insurance Society (IIS), and the Bankers Association of the R.O.C. In addition, Chang-Ken Lee, President of Cathay FHC, is the chairperson of the Financial Planning Association of Taiwan; Tiao-Kuei Huang, Chairman of Cathay Life, is the current chairperson of the Life Insurance Association R.O.C.; and Jeff Chang, Chairman of Cathay SITE, is the current chairperson of the Securities Investment Trust & Consulting Association of the R.O.C. All of these leaders actively promote collaboration between industry and government, and formulate related policies for mutual prosperity in the industry.

To ensure all material issues are enforced, the Cathay FHC CS Committee regularly reviews material issues and target setting, reporting stakeholder engagement to the Board of Directors annually. [...] Cathay Financial Holdings clearly stipulates in the 'Policy and Code of Operation Integrity' and the 'Code of Conduct' that participation in public affairs should be conducted legally, and all donations should be disclosed truthfully and in accordance with the law. [...] Participation in key associations is a part of Cathay's effort to facilitate stronger collaboration between the industry and the government by formulating the relevant policies that will further the development of the financial sector.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Cathay FHC requires internal discussion before issuing a statement or before engagement.
Cathay FHC has completed the internal approval process before signing the 2021 Global Investor Statement to Governments on the Climate Crisis and commencing engagement, which involves review and approval by the president and the leader of the responsible investment working group – the Chief Investment Officer.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes