Sustainalytics, a world-leading environmental, social and governance (ESG) research institution, has assigned an ESG rating to E.Sun Financial Holding Co (玉山金控).
In the latest Sustainalytics ESG Risk Ratings, E.Sun was ranked first in Asia and second worldwide among 386 companies in the “diversified banks” industry.
This is one of the best performances of any Taiwanese bank in international ESG evaluations.
Photo courtesy of E.Sun Financial Holding Co
E.Sun is ranked in the top 10 worldwide across several rated ESG risk material issues, including business ethics, data privacy and security, human capital, and ESG integration.
Especially, E.Sun was ranked first in the “product governance” risk issue category.
Sustainalytics is also positive about E.Sun’s ESG management, which was rated “strong.”
The improvement of E.Sun’s ESG management score is the main reason that it advanced in the rankings this year.
Sustainalytics said E.Sun has strong ESG reporting practices and that a board committee has been appointed to oversee ESG issues.
The ESG rating report also said that E.Sun has a strong environmental policy and has established adequate standards on social supply chain issues.
In addition, E.Sun also has set up a strong whistle-blower program, the report said.
Headquartered in the Netherlands, Sustainalytics was founded in 1992. It is among the best-known ESG research institutions in the world. It periodically evaluates environment, society and governance for corporations around the world.
The results are widely adopted by many asset management companies for research purposes. Sustainalytics is a member of Morningstar Group.
“E.Sun is dedicated to integrating itself with international standards and best ESG practices of the world,” E.Sun Commercial Bank (玉山銀行) chairman Joseph N.C. Huang (黃男州) said. “E.Sun will not only proactively incorporate ESG into banking, but will also continue to collaborate with partners to amplify positive impacts.”
With regard to climate change, E.Sun took the lead among its Taiwanese peers to join the Task Force on Climate-related Financial Disclosures.
E.Sun used scientific methods to quantify the financial effects of climate change to manage its associated risks.
This year, E.Sun further invited outstanding Taiwanese corporations to join its E.Sun ESG Initiative, under which participating companies committed to taking action against climate change.
E.Sun is ranked first in Taiwan’s financial sector by many international ESG rating institutions, such as the Dow Jones Sustainability Index, MSCI ESG and FTSE4Good.
E.Sun’s long-term involvement in ESG has shown good results.
E.Sun said it would continue to work together with customers, shareholders and employees to make more positive impacts and create greater value for the society.
MULTIFACETED: A task force has analyzed possible scenarios and created responses to assist domestic industries in dealing with US tariffs, the economics minister said The Executive Yuan is tomorrow to announce countermeasures to US President Donald Trump’s planned reciprocal tariffs, although the details of the plan would not be made public until Monday next week, Minister of Economic Affairs J.W. Kuo (郭智輝) said yesterday. The Cabinet established an economic and trade task force in November last year to deal with US trade and tariff related issues, Kuo told reporters outside the legislature in Taipei. The task force has been analyzing and evaluating all kinds of scenarios to identify suitable responses and determine how best to assist domestic industries in managing the effects of Trump’s tariffs, he
TIGHT-LIPPED: UMC said it had no merger plans at the moment, after Nikkei Asia reported that the firm and GlobalFoundries were considering restarting merger talks United Microelectronics Corp (UMC, 聯電), the world’s No. 4 contract chipmaker, yesterday launched a new US$5 billion 12-inch chip factory in Singapore as part of its latest effort to diversify its manufacturing footprint amid growing geopolitical risks. The new factory, adjacent to UMC’s existing Singapore fab in the Pasir Res Wafer Fab Park, is scheduled to enter volume production next year, utilizing mature 22-nanometer and 28-nanometer process technologies, UMC said in a statement. The company plans to invest US$5 billion during the first phase of the new fab, which would have an installed capacity of 30,000 12-inch wafers per month, it said. The
Taiwan’s official purchasing managers’ index (PMI) last month rose 0.2 percentage points to 54.2, in a second consecutive month of expansion, thanks to front-loading demand intended to avoid potential US tariff hikes, the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. While short-term demand appeared robust, uncertainties rose due to US President Donald Trump’s unpredictable trade policy, CIER president Lien Hsien-ming (連賢明) told a news conference in Taipei. Taiwan’s economy this year would be characterized by high-level fluctuations and the volatility would be wilder than most expect, Lien said Demand for electronics, particularly semiconductors, continues to benefit from US technology giants’ effort
‘SWASTICAR’: Tesla CEO Elon Musk’s close association with Donald Trump has prompted opponents to brand him a ‘Nazi’ and resulted in a dramatic drop in sales Demonstrators descended on Tesla Inc dealerships across the US, and in Europe and Canada on Saturday to protest company chief Elon Musk, who has amassed extraordinary power as a top adviser to US President Donald Trump. Waving signs with messages such as “Musk is stealing our money” and “Reclaim our country,” the protests largely took place peacefully following fiery episodes of vandalism on Tesla vehicles, dealerships and other facilities in recent weeks that US officials have denounced as terrorism. Hundreds rallied on Saturday outside the Tesla dealership in Manhattan. Some blasted Musk, the world’s richest man, while others demanded the shuttering of his