Sustainable Supply Chain | Unleashing the Importance of Sustainable Finance | Mutual Benefit | 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.

2022 Supplier Types of SKL

Labor Service

39

Financial

86

Construction

51

Number

176

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 2022

Key suppliers

33

ESG risk-assessed primary suppliers

33

The proportion of risk assessments

100

%

Risk mitigation measures

  • 100% of contracted suppliers signed the supplier commitment letter; 60 price-negotiating suppliers signed the commitment letter.
  • Supplier risk assessment: To improve risk assessments, although there were no suppliers with major risks this year, 5 suppliers were randomly selected for on-site audits; No issues of violating business integrity were found throughout 2022.
  • Sustainability promotion for suppliers: ESG and green procurement policy promotion were provided to our 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 seven consecutive years. We also support social innovation enterprises and won the First Prize of Buying Power - Social Innovation Products and Services Procurement Award in 2022.

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

First Prize of Buying Power

SDGs