As unprecedented downpours in Europe, China and India have shown, climate change is a challenge that all humanity must face in the 21st century. Last year, Citibank Taiwan Ltd (花旗台灣) and the Taiwan Youth Climate Coalition (TWYCC) jointly launched a series of initiatives called Citi Empowers Taiwan Youth to Tackle Climate Change. One part, titled “Taiwan Conference of Youth,” has attracted more than 360,000 views.
To increase awareness of climate change, Citibank Taiwan and the TWYCC have published the Citi Empowers Taiwan Youth to Tackle Climate Change guide, which assembles information on climate change; international trends in environmental, social and corporate governance (ESG) goals and climate issues; and insights from experts in Taiwan and overseas. The guide is available on the Citi Youth Climate Power Initiative’s Facebook page.
“A recent Citi Asia Pacific report shows that more than half of companies have incorporated ESG strategies and practices into their overall corporate strategy,” said April Pan (潘玲嬌), head of Citibank Taiwan’s country corporate affairs and government affairs department. “Citibank Taiwan understands the importance of ESG sustainability issues — and not only released its first certified ESG report last year, but has also worked with its employees, customers, non-profits and other stakeholders to implement the UN Sustainable Development Goals on sustainable cities and communities, climate action, life below water and partnerships for the goals.”
Photo courtesy of Citibank Taiwan Ltd
In addition to pursuing sustainable development for businesses and the environment, Citi is committed to promoting youth empowerment.
“In Taiwan, a group of young people have stepped forward to address climate change and promote climate diplomacy through the far-reaching influence of the Internet,” Pan added. “We hope that through their creativity and energy, we can inject much-needed positive energy into raising more awareness on climate issues among the younger generation and the general public.”
“As a result, in 2020, Citibank Taiwan started working with the TWYCC and launched the Citi Empowers Taiwan Youth to Tackle Climate Change initiative, hoping, through a variety of programs, to increase awareness about the global warming crisis and help people understand how they can practice low-carbon living and achieve environmental sustainability,” she said.
The guide is a treasure trove of knowledge, containing all of the information that Taiwanese youth need to tackle climate change. Featuring Citigroup Inc chief sustainability officer Valerie Smith and international experts, the guide includes trends in international ESG and climate issues, as well as how climate change is linked to digital media, diplomacy and the UN. It also gives readers insight into the mechanics of international climate negotiations and provides tips on how to fight climate change in daily life.
The Citi Empowers Taiwan Youth to Tackle Climate Change initiative seeks to assist Taiwanese youth in their understanding of climate change issues and to encourage them to explore environmental issues more deeply.
In addition to the Citi Empowers Taiwan Youth to Tackle Climate Change guide, which is being launched today, other initiatives such as the Taiwan Conference of Youth, the World Climate Workshop and an online public commitment campaign have benefited nearly 370,000 people.
In addition, Citi was named Best Bank for Corporate Responsibility in Asia by Euromoney in their recent annual awards, announced on July 14. The editorial award recognizes a bank’s commitment to fostering diversity and inclusion; reducing the environmental impact of operations; promoting workforce development and social mobility; and innovative and effective initiatives to strengthen local communities in which banks are domiciled.
When an apartment comes up for rent in Germany’s big cities, hundreds of prospective tenants often queue down the street to view it, but the acute shortage of affordable housing is getting scant attention ahead of today’s snap general election. “Housing is one of the main problems for people, but nobody talks about it, nobody takes it seriously,” said Andreas Ibel, president of Build Europe, an association representing housing developers. Migration and the sluggish economy top the list of voters’ concerns, but analysts say housing policy fails to break through as returns on investment take time to register, making the
‘SILVER LINING’: Although the news caused TSMC to fall on the local market, an analyst said that as tariffs are not set to go into effect until April, there is still time for negotiations US President Donald Trump on Tuesday said that he would likely impose tariffs on semiconductor, automobile and pharmaceutical imports of about 25 percent, with an announcement coming as soon as April 2 in a move that would represent a dramatic widening of the US leader’s trade war. “I probably will tell you that on April 2, but it’ll be in the neighborhood of 25 percent,” Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs. Asked about similar levies on pharmaceutical drugs and semiconductors, the president said that “it’ll be 25 percent and higher, and it’ll
NOT TO WORRY: Some people are concerned funds might continue moving out of the country, but the central bank said financial account outflows are not unusual in Taiwan Taiwan’s outbound investments hit a new high last year due to investments made by contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) and other major manufacturers to boost global expansion, the central bank said on Thursday. The net increase in outbound investments last year reached a record US$21.05 billion, while the net increase in outbound investments by Taiwanese residents reached a record US$31.98 billion, central bank data showed. Chen Fei-wen (陳斐紋), deputy director of the central bank’s Department of Economic Research, said the increase was largely due to TSMC’s efforts to expand production in the US and Japan. Investments by Vanguard International
WARNING SHOT: The US president has threatened to impose 25 percent tariffs on all imported vehicles, and similar or higher duties on pharmaceuticals and semiconductors US President Donald Trump on Wednesday suggested that a trade deal with China was “possible” — a key target in the US leader’s tariffs policy. The US in 2020 had already agreed to “a great trade deal with China” and a new deal was “possible,” Trump said. Trump said he expected Chinese President Xi Jinping (習近平) to visit the US, without giving a timeline for his trip. Trump also said that he was talking to China about TikTok, as the US seeks to broker a sale of the popular app owned by Chinese firm ByteDance Ltd (字節跳動). Trump last week said that he had
RSS