Climate Metrics and Targets | Strengthening Climate Resilience | Low Carbon | Shin Kong Life Sustainability

Low Carbon
Strengthening Climate Resilience
Climate Metrics and Targets

Strengthening Climate Resilience

Facing the challenges of climate change, SKL actively responds to climate-related risks and opportunities as well as develops low carbon transition strategies. In addition to planning climate mitigation and adaptation measures, SKL also continues to seek new climate-related opportunities through investing and financing, and product development.

Climate Action

Climate Governance

Climate Strategy

Climate Risk Management

Climate Metrics and Targets

Climate Metrics and Targets

In line with the national net zero strategy, we have set our own operational carbon reduction goals and took inventory of the carbon emissions of our investment portfolios. We have also established climate-related indicators and identified climate opportunities, aiming to leverage our core competencies in the financial industry to promote the low carbon transition. By establishing and tracking key performance indicators, we have incorporated climate goals into the company strategy, enabling senior executives to effectively align with the Company's business strategy and development plans, facilitating the effective management of climate risks and opportunities. We are committed to responding to the national sustainable transition and gradually achieving a sustainable society with net zero emissions.

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Strategy Strategic Value Indicator Unit Base year Short-term Medium/Long-Term Targets 2022 Execution Summary
Towards Net zero Future Carbon reduction in own operations GHG emissions(Scopes 1+2 carbon emissions) tCO2e 2019
  • Reduce GHG emissions by 2% annually by the target year of 2025
  • Achieve net zero emissions at the SKL headquarters by 2026
  • Achieve net zero emissions at the headquarters and main offices by 2030
  • GHG emissions
    Scope 1:1,553.76 tCO2e
    Scope 2:13,768.62tCO2e
    Cumulative increase of 5.9% since baseline year 2019
Unleashing the importance of sustainable finance Decarbonization of investment portfolios Carbon emissions of investment portfolios ktCO2e 2020
  • Based on the SKFH's SBTs and the PCAF methodology, complete an inventory of carbon emissions (tCO2e) and carbon intensity (tCO2e/TWD MM Revenue) for investment portfolios, and assess the exposure amount of carbon-intensive assets in investment portfolios.
  • Engage with investment targets through methods such as questionnaire surveys, phone calls, in-person visits, participation in shareholder meetings, and exercising voting rights so that they can learn about our carbon emissions, climate-related actions and goals. Encourage counterparties to undergo transition.
  • Set carbon emission targets in accordance with SKFH's SBTi and develop carbon reduction strategies.
  • Formulate a gradual phase-out schedule for coal and unconventional oil and gas industries in accordance with SKFH Sustainable Finance Policy
  • Investment portfolios had a carbon emission of 1,915 ktCO2e; The weighted average carbon intensity was 2.649 tCO2e/TWDMM
  • Climate change management measures, a carbon-intensive industry list, industry-specific guidelines and voting and engagement policies were established
  • Climate change questionnaire response rate of 75% by 2022
Weighted average carbon intensity tCO2e/ TWDMM
Carbon Intensive Asset Exposure %
ESG-Themed Investment Green finance NT$100 million 2020
  • Continue to strengthen the sustainable investment process to achieve sustainable and robust investment performance. Achieve a 3% CAGR in the amount of securities investments under the principles of sustainable investing in 5 years
  • Continue to invest in the low carbon green energy industry, with a 400% growth rate in investments in green energy-related businesses.
  • Continue to invest in the low carbon green energy industry, strengthen the engagement mechanism of investees, and exert sustainable financial influence.
  • The CAGR of securities that comply with the Company's sustainable investment principles achieved 6.69%
  • Investments in green energy projects experienced a growth of 294%

SDGs

For complete information, please refer to the Sustainability Report

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