Shin Kong Life Insurance Leverages Its Green Procurement Influence and Has Been Recognized as a Taipei City Outstanding Green Procurement Enterprise for Nine Consecutive Years | 最新消息 | 新光人壽 企業永續

 Shin Kong Life Insurance has been recognized as Taipei City's "Private Enterprise and Group Green Procurement Excellence Unit" for the ninth consecutive year. Xian-Da Zheng (right), Project Assistant Manager of Shin Kong Life Insurance's General Affairs and Labor Safety Department, accepted the award on its behalf.
 

Shin Kong Life Insurance Leverages Its Green Procurement Influence and Has Been Recognized as a Taipei City Outstanding Green Procurement Enterprise for Nine Consecutive Years

Shin Kong Life Insurance has long been concerned about climate change. In response to the global trend toward net-zero carbon emissions, the company continues to expand green procurement, implement green workplace initiatives, and implement diverse environmental sustainability projects, actively promoting all aspects of green finance. It was recently awarded the "Private Enterprise and Group Green Procurement Excellence" certification by the Taipei City Government's Environmental Protection Bureau for the ninth consecutive year, recognizing Shin Kong Life Insurance's commitment to leveraging sustainable financial values and deepening its ESG sustainable management practices.

Shin Kong Life Insurance adheres to the ESG philosophy and has established a sustainable supplier management system. In addition to establishing supplier management standards and systems, it also requires suppliers to sign a supplier commitment letter. Annual risk assessments and on-site audits are conducted regularly for key suppliers to promote sustainable development among its partners. Last year, green procurement reached NT$112 million, a nearly 50% increase over the previous year, with local procurement accounting for 97%. The company aims to continuously connect its supply chain, achieve environmental sustainability goals, and create sustainable value for society.

At the same time, in response to the impact of global climate change on the environment, Shin Kong Life Insurance has introduced the TCFD management mechanism to strengthen climate resilience, actively purchased green electricity to replace general electricity, and continued to expand the scale of renewable energy and green investment and financing; it has also actively implemented digital office within the company to shape a green workplace culture. Last year, the amount of administrative paper used decreased by an average of more than 2,000 packs compared to the previous three years. The electronicization of insurance policies also saved more than 22 million sheets of paper, reducing carbon emissions by 155.5 metric tons, and gradually improving the energy efficiency of existing buildings, making a contribution to the earth's environmental protection through practical carbon reduction actions.

Shin Kong Life Insurance, guided by its sustainable values of "low carbon, innovation, and shared good," actively promotes various ESG initiatives. In addition to supporting government green procurement policies, the company actively leverages its corporate influence to bridge the gap between business and society, striving to maintain environmental sustainability. This includes the Shin Kong One Acre Happy Table project, which established the Shin Kong Small Farmers Market and fostered a "from-farm-to-table" initiative to reduce food waste during transportation. Shin Kong Life Insurance also launched a sustainable oceans project, focusing on protecting corals and removing marine waste, while continuing to align with international initiatives to promote coral reef health screening programs. Going forward, Shin Kong Life Insurance will continue to integrate sustainability into its operations, fostering a shared good society and driving sustainable and viable development in Taiwan.