Low Carbon Actions | Towards a Net Zero Future | Low Carbon | Shin Kong Life Sustainability
Low Carbon Actions
Implementing Greenhouse Gas Inventory
Following SKFH's science-based targets, we set the goal to reduce Scope 1 and Scope 2 carbon emissions by 42% by 2030. SKL's goal for 2024 was to achieve a reduction by 9.2% compared to the baseline year (2022). The actual Scope 1 and Scope 2 GHG emissions was 11,803 tCO2e, a successful reduction of carbon emissions by 23% compared to the baseline year. As the main carbon emissions came from the administrative work of the staff, the emission intensity per person is assessed to be 1.18 tCO2e based on the number of full-time employees. In addition to energy conservation, we are also taking action to support green energy. In 2024, we replaced general electricity consumption with about 540,000 kWh of green power, and gradually increased the proportion of green power usage in line with the Group's net-zero target, so as to contribute to the mitigation of global warming.
Improving Energy/Resource Efficiency
Energy Saving Projects |
The primary electricity consumption used by the financial and insurance industry is air-conditioning, lighting and business equipment in office buildings. SKL has set its own operational carbon reduction targets and implementation strategies. In 2024, we comprehensively reviewed the status of lighting usage, gradually replaced existing lighting with high-efficiency lamps with energy-saving labels, optimized the energy efficiency of air-conditioning systems and other energy consuming equipment, installed regenerative power systems in elevators, and planned for an innovative approach of self-generated renewable energy wheeling, in order to reduce our reliance on energy resources, and gradually replace those that cannot be reduced with renewable energy sources and environmentally friendly products, thereby bringing positive benefits to environmental sustainability. Energy Saving Projects in 20242,951,810 Annual Emission Reductions (tCO2e)1,459.6 tCO2e |
Water Consumption |
SKL's water consumption is mainly for office livelihood use, for employees and some consumers. We are committed to minimizing water wastage, with a reduction in water consumption of 8.8% in 2024 compared to last year, and a significant drop in average consumption per person; in the future, we will continue to plan for a more comprehensive water resource management policy to reduce water consumption. |
Waste Management |
SKL's main source of waste is the domestic waste generated by its employees. SKL has gradually increased the total amount of recycled resources and reduced waste generation by formulating a long-term reduction strategy, encouraging employees to use environmentally friendly tableware, and actively promoting a system of waste reduction and recycling separation.The total waste volume in 2024 is 1,426.8 tons, with a recycling rate of 22.6%. |
Energy Consumption in Transportation |
In response to the reduction of carbon emissions from transportation vehicles, in 2024, the company cars for senior executives were changed to leased hybrid vehicles, which can automatically adjust the kinetic energy according to the speed of vehicles and the force of the throttle, and convert kinetic energy consumed during braking or excessive kinetic energy generated during transportation into electrical energy for power storage of batteries, thereby addressing the high demand for customer visits and achieving the goal of emissions reduction. |
Shaping a Green Culture
SKL is actively integrating digital finance to reduce energy and resource consumption through the application of "mobility, cloud computing, e-processing, and data" behaviors and tools. SKL also actively promotes environmental education and low-carbon living so that employees, family members, and policyholders can work together to reduce energy consumption and reduce carbon emissions in their daily lives.
Implementing digital office
E-administration
SKL has introduced technology applications to take stock of paper-consuming operations and evaluate the feasibility of e-operations. In addition to the long-term implementation of electronic official documents and administrative forms, the Company has adjusted legal compliance, audit administration, suppliers and procurement, board of directors and audit committee meetings to electronic and systematic operations, in order to significantly improve administrative efficiency and reduce paper consumption. The administrative paper consumption target for 2024 was achieved, reducing 2,207 packs and carbon emissions by 7.5 tCO2e compared to the estimated consumption.
E-insurance services
SKL is committed to providing various digital services and disseminating the concept of digital sustainability, encouraging policyholders to use e-policies and e-documents, recommending customers to join online memberships, and using digital tools instead of paper. On the other hand, we actively empower sales representatives with digital capabilities by launching the "e-agent digital sales representative service certification mechanism" to observe various digital service transaction indicators, and familiarize sales representatives with e-business tools through project promotion and specialized training. We also established digital-related incentive measures to accelerate the digital transformation of business marketing. Starting from July 2024, e-reissue service was launched, whereby sales representatives can obtain realtime reissue information through tablets, and transmit relevant documents electronically to speed up the process of new contracts, thereby providing customers with high-quality and low-carbon financial services.
Results of Paperless Operations in 2024
Promoting Low Carbon Green Living
In order to comprehensively implement green office, we have drastically changed our office model, replacing the physical office with online meetings and online education and training courses, which effectively reduces the carbon footprint caused by commuting and personnel movement. In addition to encouraging the use of digital tools, we also actively encourage more walking or the use of low-carbon transportation tools (such as bicycles) for close-range policyholder visits to reduce the impact of emissions caused by the transportation of field personnel, which not only helps reduce greenhouse gas emissions, but is also beneficial to the health of our employees.
Meanwhile, in order to continue to promote the concept of "Embrace Green Life, Adapt to the New Climate", SKL hold the "Nationwide Hiking - Carbon Reduction Lifestyle Festival", promote the "Personal Carbon Passbook Project", and continue the innovative business model "New Life for Old Clothes, Light up the World - Heart and Light Tour" campaign, working together with employees, customers, and partners to exert influence in 2024.
Net Zero Initiative and Action
In line with the National 2050 Net Zero Emission Path and Strategy, SKL, together with its parent company SKFH, has joined the Taiwan Alliance for Net Zero Action (TAISE), which responds to and promotes the "Taiwan Net Zero Emission Initiative Net Zero 2030/2050," and has also formulated SKL's midterm goals for net-zero carbon reduction and its implementation strategy. By 2030, SKL will replace all lighting with LEDs, gradually improve the efficiency of air-conditioning equipment, establish self-generated renewable energy facilities for self-use, and replace general electricity consumption with green electricity. SKL will also continue to conduct training on environmental sustainability to encourage employees to change their habits of using energy resources.
Constructing Green Buildings
SKL's Commitment to Eco-friendly Buildings
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Plan for future investment and development of new buildings to comply with the Green Building Label at the silver level or above/ or with green building design to enhance the environmental sustainability of buildings.
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Regenerate old buildings and facilities with various energy-saving measures, cut energy consumption, and improve the energy efficiency of existing buildings to be a responsible citizen for the environment.
Sustainable Green Building Achievements
As part of our commitment to eco-friendly buildings, SKL has been constructing energy-efficient and sustainable buildings that will benefit people living there and the environment in perpetuity.
As of 2024, we had applied for Green Building Labels for 9 buildings, including 6 Green Building Labels (obtained), 3 candidates for Green Building Labels, 1 candidate for Low Carbon Building Label, and 1 LEED credential (obtained). We also expect to apply for Green Building Labels for six projects currently under construction in 2024 or are still under planning.
SKL aims to improve the aesthetic and construction quality of buildings, and further supports carbon reduction, circular economy, innovation, smart, and local cultural features to create an environment for LOHAS where "nature and culture co-exist and ecology and sustainability mutually prosper."
SDGs
