Shin Kong Life Insurance Wins Two Awards at the 2024 TSAA Taiwan Sustainability Action Awards | Latest News | Shin Kong Life Sustainability

 Shin Kong Life Insurance was recognized with two awards, the "TSAA Asia Pacific and Taiwan Sustainability Action Award," and was accepted on behalf of the company by Deputy General Manager Shou Yixiang (center).
 

Shin Kong Life Insurance Wins Two Awards at the 2024 TSAA Taiwan Sustainability Action Awards

Shin Kong Life Insurance, a subsidiary of Shin Kong Financial Holdings (2888), leverages its core insurance functions and strives to promote sustainable social development with the long-term goal of social inclusion and common good. Recently, the company received two awards at the TSAA Asia Pacific and Taiwan Sustainability Action Awards, sponsored by the Taiwan Sustainable Energy Research Foundation. Deputy General Manager Shou Yixiang attended the awards ceremony, demonstrating Shin Kong Life Insurance's long-term commitment to narrowing the urban-rural education gap and progressing towards net zero education, resulting in outstanding achievements that have been recognized internationally.

The Taiwan Sustainability Action Award recognizes contributions from all sectors to achieving the United Nations' 17 Sustainable Development Goals (SDGs). Shin Kong Life Insurance, recognizing that education is a crucial cornerstone of sustainable development, has long focused on youth and schoolchildren's education, supporting diverse learning initiatives. This year, breakdancing, a form of street dance, finally made its debut at the 2024 Paris Olympics. However, 20 years ago, when street dance was still a subculture in Taiwan, Shin Kong Life Insurance has consistently held the "Shin Kong Cup Popular Street Dance Competition," providing a dream stage for young people to showcase their talents. Over the years, the company has pioneered prize money for international participants and has repeatedly recruited foreign judges to help Taiwanese dancers shine internationally. Since its inception in 2004, the competition has attracted over 20,000 participants and awarded prizes totaling NT$12 million.

In order to expand its sustainable influence and give children the opportunity to pursue their dreams of dancing, Xinshou has used the proceeds from public welfare NFTs to promote street dance in remote areas since 2022, and brought professional teachers to remote areas to teach street dance courses free of charge, hoping to narrow the urban and rural education gap and plant the seeds of street dance art in remote areas. So far, more than 200 children have benefited from it. It has won the Silver Award for Sports Promoter in the Promotion Category awarded by the Sports Administration of the Ministry of Education. This time, it won the Silver Award for "SDGs04 Quality Education", which is well deserved.

Furthermore, as the world faces severe climate change, Shin Kong Life Insurance has joined the international carbon reduction movement towards net zero. In 2021, Shin Kong Life Insurance joined the Taiwan Net Zero Action Alliance alongside its parent company, Shin Kong Financial Holdings, and signed the Science-Based Targets (SBTi) initiative in 2022. The company has developed a decarbonization strategy for Scope 3 investment and financing positions unique to the financial industry, setting Scope 1 and Scope 2 carbon reduction targets. This initiative passed the SBTi review this year. To address the international trend towards carbon reduction, Shin Kong Life Insurance has also adopted the Climate-Related Financial Disclosure (TCFD) framework to identify climate-related risks and opportunities, using scenario analysis to assess the potential financial impact of climate change on the company. This will lead to the establishment of management processes and the development of a climate strategy. The company will publish its first TCFD report in 2023.

In recent years, Shin Kong Life Insurance has continued to respond to the United Nations Sustainable Development Goals (SDGs) through concrete actions for "a sustainable planet" and "a better society", continuously promoting digital financial services to customers and partners, actively conveying the concept that reducing paper equals reducing carbon emissions, and implementing greenhouse gas inventories, improving energy resource utilization efficiency, and implementing energy conservation and carbon reduction in its daily operations; implementing the principles of responsible investment and financing in investment and financing, and conducting ESG assessments and reviews on the target objects before handling investment and financing as the basis for whether to cooperate, and during the subsequent cooperation period, through questionnaires, participation in shareholders' meetings or proposing resolutions, exercising voting rights, etc., to conduct consultation actions, so that the financial carbon emissions, weighted average carbon intensity and economic emission intensity in 2023 all decreased year by year, showing that Shin Kong Life Insurance is playing the core function of the financial industry to promote low-carbon transformation, and ultimately won the silver award for "SDGs13" from the judges.

Shin Kong Life Insurance has long been committed to ESG, upholding its core sustainable values of "low carbon, innovation, and shared benefit" to promote sustainable operations. It has also integrated sustainability concepts into its operational planning and actively engaged with stakeholders to deepen mutual trust and reliance, striving to become a creator of social value. This has helped its parent company, Shin Kong Financial Holdings, be selected as a component of the Dow Jones Sustainability World Index (DJSI) for three consecutive years, achieving second place globally and first place in Asia in the insurance category. Going forward, the company will continue to expand its corporate influence and strive to create a better and more sustainable environment for society.