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

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 Metrics and Targets

Climate Indicators and Goals

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Sustainability Issues Observation Indicators Short-term Target Execution Status in 2025 Medium- to Long-term Target
Actions for climate changeNote Scopes 1 and 2 reduction
  • Reduce S1+S2 emissions by 14.7% compared to the baseline year.
  • S1+S2 emissions reduced by 34.8% compared to the baseline year.
  • Reduce S1+S2 emissions by 42% in 2030 compared to the baseline year.
Decarbonization of investment and financing portfolios (engagement method) Achieve a 30% validation rate for Science Based Targets (SBT) among listed equity and bond investments.
  • Achieve a 30% validation rate for Science Based Targets (SBT) among listed equity and bond investments.
  • Achieved a 32.4% validation rate for Science Based Targets (SBT) among listed equity and bond investments.
  • In 2027, the proportion of listed/OTC-traded stocks and bonds passing the SBT targets will reach 50.3%.
Green operations
  • Reduction in non-renewable electricity consumption
  • Obtain green building certification for new construction projects
  • Progressive reduction in non-renewable electricity consumption
  • Obtain green building certification
  • Non-renewable energy electricity consumption decreased by 17.19% compared to last year.
  • Obtained 6 green building certificates, 4 green building candidate certificates, and 1 low-carbon building candidate certificate.
  • Replace all lighting fixtures in all locations nationwide by 2030 to improve the energy efficiency of AC equipment.
  • Obtain green building certificate labels (silver and above) for all new projects in future.
  • Note: A material sustainability issue of SKL, with the baseline year of 2022.

High-carbon emission industry management regulations

 

The Company follows the TS Holdings Sustainable Finance Policy and relevant management regulations governing high-carbon-emitting industries to prudently assess the adverse impacts of climate change associated with counterparties in high-carbon-emitting sectors. Transaction evaluations are conducted based on the counterparties' industry classification and carbon emissions profile. The Company has also established an "Investment Exposure Limit Management for High-Carbon-Emitting Sub-Industries" indicator, which is monitored on a monthly basis. In addition, exposure to sensitive industries and compliance with exposure limits for high-carbon-emitting sub-industries are reported quarterly to the Risk Management Committee and the board of directors.

 

SDGs