Sign up to access all our data and the evidence and analysis underlying our overall scores. Once you've created an account, we'll get in touch with further details:
Sign Up
| Overall Assessment |
Comment |
Score |
| Comprehensive |
Fubon Financial Holding Co Ltd demonstrates a comprehensive level of transparency in its climate lobbying disclosures. The company explicitly identifies specific climate policies it has engaged with, such as "Taiwan's Pathway to Net-Zero Emissions in 2050," "Green Finance Action Plan 3.0," "Taiwan Sustainability Taxonomy Standards," and the "Greenhouse Gas Reduction and Management Act" (to be renamed the "Climate Change Act"). These disclosures provide detailed information about the policies targeted, showcasing a clear commitment to transparency. Additionally, Fubon Financial describes its lobbying mechanisms in detail, including participation in public hearings, task forces, and workshops organized by government agencies like the Taiwan Stock Exchange, the Banking Bureau, and the Financial Supervisory Commission. The company also engaged with the Taiwan Institute for Sustainable Energy and the Taiwan Alliance for Net Zero Emission, contributing to drafting regulations and providing recommendations on frameworks like the TCFD. The targets of these lobbying efforts are clearly identified, further enhancing the clarity of its disclosures. Furthermore, Fubon Financial has been transparent about its desired policy outcomes, such as supporting the development of Taiwan's domestic financial sector, offering recommendations on climate-related financial disclosures, and contributing to the development of the Taiwan Sustainability Taxonomy Standards. These outcomes are clearly tied to the company's engagement activities, such as refining guidelines and drafting regulations consistent with climate change management practices. This level of detail and alignment with specific policy goals underscores the company's comprehensive approach to disclosing its climate lobbying efforts and objectives.
|
4
|
| Overall Assessment |
Comment |
Score |
| Comprehensive |
Fubon Financial Holdings demonstrates a comprehensive governance process for climate lobbying alignment, encompassing both direct and indirect lobbying activities. The company has established a "tiered responsibility table and functional responsibility" mechanism, where "each unit will individually evaluate whether or not the cooperating academy/association/society and lobbying group comply with the relevant regulations of this declaration according to their job responsibilities and business scope," with the "evaluation results must be reported to the president for approval." This indicates a clear monitoring and accountability structure. Additionally, the Sustainability Development Department is available for consultation, further reinforcing oversight mechanisms. The company actively engages with lobbying groups to ensure alignment with its sustainability goals, stating that "before joining or cooperating with the organization, the Company will identify and consider whether the organization supports the Sustainable Development Goals (SDGs) and the temperature control target of the 'Paris Agreement' through information publicly disclosed by the organization." Furthermore, it conducts annual reviews and supervision of these organizations to assess "conflicts with our sustainability policy or negative impacts on the overall climate environment," and takes corrective actions if necessary, including "gradually reducing cooperation or even canceling the partnership" if improvements are not made. Fubon Financial Holdings also emphasizes transparency by preparing an "annual sustainability report that adopts internationally recognized criteria or guidelines and obtains third-party assurance." The report includes disclosures on "sustainability development and climate action related to the academy/association/society and lobbying group that the Company participates in, or if the Company actively participates or is invited to participate in climate-related lobbying activities." This demonstrates a robust governance process with clear monitoring, accountability, and transparency measures in place, supported by responsible parties such as the president and the Sustainability Development Department.
|
4
|