The 28th United Nations Climate Change Conference of the Parties (COP28) is currently taking place in Dubai, United Arab Emirates. The conference focuses on issues such as the global stocktake (GST), mechanism for loss and damage, whether countries are proposing more ambitious Nationally Determined Contributions (NDCs) and the gradual elimination of fossil fuels.
Following COP27 in 2022, E.Sun Financial Holding chairman Joseph Huang once again leads the E.Sun Sustainability Team to COP28 to gain first-hand insights into the latest international trends and solutions for climate change and achieving net zero emissions.
In addition, political leaders, organizations and advocacy groups gathered at the World Climate Summit (WCS), the largest parallel conference to COP. Environmental ministers of many countries attended to express concerns about the negative impacts of climate change on the economy and people’s lives. Chairman Joseph Huang was once again invited to deliver a keynote speech on behalf of Taiwan’s financial industry with the topic “How Sustainability is Reshaping Taiwan’s Financial Market”. He shared how the financial industry plays a critical role in the sustainable transformation. The speech received enthusiastic responses from attendees worldwide.
Photo courtesy of E.Sun
Huang emphasized that climate change is a transnational and cross-industry issue. “If companies continue with business as usual, it will be difficult to tackle climate change. We need to do a little more, and go beyond our traditional business boundaries. Only by uniting everyone’s efforts can we have a chance of achieving the net zero target,” he said.
For example, E.Sun Bank has implemented various zero-carbon financial services, from encouraging customers to engage in green consumption and providing green building home loans to issuing carbon neutral credit cards and ATMs.
It also has plans in the works to gather carbon emission information about public transportation to encourage consumers to use public transportation. In corporate banking services, the bank has held an ESG Sustainability Initiative three years in a row, conducted one-on-one sustainability consultations with over 150 companies and established a “Sustainable Transformation Platform” in collaboration with 11 cross-industry consultants to provide practical solutions for corporate net-zero transformation.
Moreover, E.Sun serves as the rotating chair of the “Coalition of First-movers for Sustainable Finance” in 2024, promoting collaboration rather than competition and driving the overall net zero transformation progress of Taiwan’s financial industry and cooperating with the Financial Supervisory Commission and the net zero working group.
“The more we do, the more we can do!” When we do more, we are capable of doing even more. E.Sun believes that through international, governmental, industrial, and market collective efforts, everyone can contribute climate-friendly actions in their respective fields, which can be merged into a positive force that changes the environment and accelerates the net-zero transition, assisting Taiwan and the world in moving towards the beautiful vision of net zero by 2050.
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