Sustainable Supply Chain | Unleashing the Importance of Sustainable Finance | Common Good | Shin Kong Life Sustainability

Unleashing the Importance of Sustainable Finance

We promise to utilize our core investment expertise to implement the spirit of "responsible finance," and to continue investing in sustainable development industries, shaping a sustainable management environment for the investment chain, and contributing to the sustainable development of society.

Sustainable Supply Chain

SKL understands that the procurement business still has a significant impact. Therefore, we actively construct a sustainable supplier management mechanism and connect the supply chain through local procurement, green procurement, and other means to establish sustainable value.

2023 Supplier Types of SKL

Labor Service

108

Financial

55

Construction

6

Number

169

Managing Supply Chain Sustainability

In terms of procurement policy, SKL has stipulated supplier management principles and regulations in accordance with the supplier management standards established by the parent company SKFH. Risk assessments and on-site audits of partner suppliers are conducted to encourage them to emphasize sustainable development, eliminate any dishonest behavior, and jointly assume responsibility for employees, society, and the environment to create a better living environment for future generations.

SKL Supplier Management Procedure
The Results of Supplier Management in 2023

Key suppliers

74

ESG risk-assessed primary suppliers

74

The proportion of risk assessments

100

%

Risk mitigation measures

  • 100% of the price-negotiating suppliers and contracted suppliers signed the supplier commitment letter.
  • Supplier risk assessment: One supplier underwent on-site audit. No issues of violating business integrity were found throughout 2023.
  • Sustainability promotion for suppliers: Providing ESG and green procurement policy promotion to partner suppliers.

Implementing Local and Green Procurement

SKL helps promote sustainable development in society and the environment through our selection of procurement projects. When purchasing office supplies, information products, air conditioning equipment replacement, and building materials, we prioritize products that have obtained green environmental certification. Since 2016, we have won the "Green Procurement Performance Unit for Private Enterprises and Organizations" from the Department of Environmental Protection, Taipei City Government for eight consecutive years. We also support social innovation enterprises and won the First Prize of Buying Power -Social Innovation Products and Services Procurement Award in 2023.

Initiatives

  • Announce the green procurement policy and encourage all units to prioritize products with environmental certifications when applying for equipment or services procurement.
  • Actively select products with environmental and energy-saving labels for overall office and administrative equipment, gradually increasing the proportion of environmentally friendly and energy-saving products in procurement.
  • Encourage units to collaborate more with innovative social enterprises, or encourage partner units to join relevant matchmaking platforms.

Certificate of Appreciation

SDGs