Energy Conservation & Carbon Reduction
We actively promote plans to reduce our impact on the environment and pursue a sustainable and balanced development.
GHG Management
As a financial service provider, CDF has the bulk of GHG emissions resulting from externally purchased electricity as well as gasoline and natural gas consumed by facilities and vehicle fleet during operations. In 2016, CDF kicked off the ISO 14064-1 GHG inventory and verification. Since 2017, CDF has expanded the scope of GHG inventory and verification, and in 2020 covered major office buildings and 53 branches of KGI Bank, or 62.1% of employees at home and abroad. To make a carbon-reduction plan for controlling GHG emissions effectively, we have not only expanded the scope of coverage but also expanded the scale for indirect emissions. In 2020, the total GHG emissions (Scope 1 and Scope 2) were down 952.14 metric tons of CO2e, or 105.3%, from 2016 and down 1,233.82 metric tons of CO2e vs. the goal in 2020 (meeting the medium-term objective of 2.5% reduction), and per-capita emissions were down 0.26 metric tons of CO2e, or 106.5%, from 2016.
Target
- GHG emission down 2.5% vs. 2016
- Expand the scope of ISO 14064-1 GHG inventory
- Pass the third-party annual certification of ISO 14001 (environmental management system)
Project
- Promote energy conservation and carbon reduction programs in the workplace
- Continue expanding the certification of ISO 14064-1 (greenhouse gas inventory)
- Continue participating in the annual certification of ISO 14001 (environmental management system)
Performance
- Achieved the unaudited coverage of ISO 14064-1 GHG inventory at 97.8% (Note 1) and 75.5% verified with statements
- Passed the ISO 14064-1 GHG inventory and verification
- Passed the third-party certification of ISO 14001 (environmental management system)
- Achievement rate: 100%
Target
Implement other indirect GHG emission (Category 3~6) inventory
Project
Extend the scale of other indirect GHG emission inventory：
- Business trips
- Delivery of photocopy paper
- Delivery of bank receipt to post offices
- Delivery of credit cards and credit card bills to post offices
- Delivery of packages
- Delivery of shareholder meeting notices to post offices
- Delivery of cash dividend payment notices to post offices
- Power transmission and distribution losses
- Diesel oil transmission and distribution losses
- Gasoline transmission and distribution losses
- Natural gas transmission and distribution losses
- Electricity use of ATMs
- Printer repair and maintenance under contract
- Waste directed to disposal
Performance
- Other indirect GHG emissions: 6,237.65 metric tons of CO2e
- Achievement rate: 100%
GHG emissions
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GHG Inventory: Scope 1 and Scope 2
| Year | 2016 (base year) |
2017 | 2018 | 2019 | 2020 | Target in 2020 (Note 3) |
Achievement rate (Note 3) |
YoY change (%) |
|---|---|---|---|---|---|---|---|---|
|
Direct GHG emissions (Scope 1) |
1,063.43 | 997.95 | 819.80 | 873.94 | 1,164.25 | 1,076.47 | 91.8% | 33.2% |
|
Indirect GHG emissions (Scope 2) |
21,909.80 | 21,811.22 | 23,879.07 | 22,024.98 | 20856.84 | 22,178.44 | 106.0% | -5.3% |
| Total GHG emissions | 22,973.23 | 22,809.17 | 24,698.87 | 22,898.92 | 22,021.09 | 23,254.90 | 105.3% | -3.8% |
| Per-capital GHG emissions | 2.94 | 2.93 | 3.05 | 2.83 | 2.68 | 2.87 | 106.5% | -5.4% |
|
Total coverage of employees (%) |
94.2% | 95.0% | 97.8% | 97.8% | 97.8% | - | - | 0.0% |
| Audited coverage | 31.7% | 56.0% | 59.7% | 62.1% | 75.5% | - | - | 21.6% |
- Note 1: Per-capita emissions = Total emissions within the scope of inventory / Number of employees included in the inventory.
- Note 2: Based on the number of employees (including overseas employees and excluding field staff of China Life Insurance), coverage is the number of employees included in the inventory divided by the annual average number of employees provided by the Human Resources Dept. every month. Domestic coverage was 100%.
- Note 3: Given the change in the scope of data, the GHG emission targets in 2020 were estimated at a 2.5% reduction from the coverage and targets in 2016.
2020 targets = (Total data in 2016 / Data coverage in 2016) x 97.5% (expected reduction of 2.5%) x 97.8% (Data coverage in 2020). - Note 4: In September 2017, CDF acquired a 25.33% equity interest in China Life Insurance through public tender offer, with the consolidated shareholding ratio reaching 34.82%. The above data included the data of China Life Insurance since 2016.
Energy Management
In response to the government's renewable energy policy, CDF is also actively developing and promoting feasible low-carbon solutions to reduce environmental impacts as much as possible, so as to strike a balance between environmental sustainability and company growth.
Target
Reduce electricity 97.61% consumption by 2.5% vs. 2016
Project
- Replace old AC and lighting equipment at the headquarters and branches with eco-friendly, power-saving and energy-efficient equipment
- Moderate duration of signage lighting usage
Performance
- Achieved estimated savings of 158,400 kWh, equivalent to a reduction of 80.64 metric tons CO2e; saved electricity by 693,200 kWh, or 103% (Note 1), and saved electricity per capita by 346.50 kWh, or 104.1% (Note 1) vs. 2016
- Achievement rate: 103%
Note 1: Given the change in the scope of data, the GHG emission targets in 2020 were estimated at a 2.5% reduction from the coverage and targets in 2016.
2020 targets = (Total data in 2016 / Data coverage in 2016) x 97.5% (expected reduction of 2.5%) x 97.8% (Data coverage in 2020).
Target
Support the government's renewable energy policy
Project
Purchase renewable energy certificates
Performance
- Acquired 34 biomass energy certificates, equivalent to 34,000 kWh of green power, through the "National Renewable Energy Certification Center" on December 1, 2020
- Achievement rate: 100%
Energy Consumption
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Energy Consumption
| Energy Consumption | 2016 (base year) |
2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|
| Externally purchased electricity | Total consumption (kWh) | 41,777,815.00 | 41,506,794.00 | 43,297,140.00 | 41,116,888.10 | 41,084,620.03 |
| Average consumption per person (kWh) | 5,345.85 | 5,324.81 | 5,338.13 | 5,084.95 | 4,999.35 | |
| Natural gas | Total consumption (kWh) | 97,541.00 | 94,010.00 | 98,665.00 | 94,777.00 | 82,644.00 |
| Gasoline | Total consumption (liters) | 200,006.76 | 156,461.06 | 145,880.01 | 132,377.61 | 134,272.00 |
| Diesel | Total consumption (liters) | 2,370.00 | 1,337.00 | 1,912.27 | 2,448.65 | 1,648.00 |
| Total number of employees (b) | 7,815.00 | 7,794.98 | 8,110.92 | 8,086.00 | 8,218.00 | |
| Energy intensity (a/b) | 20.56 | 20.29 | 20.27 | 19.29 | 18.92 | |
| Converted into GJ (a) | 160,690.58 | 158,123.43 | 164,418.78 | 155,986.65 | 155,461.64 | |
| Converted into kWh | 44,636,630.24 | 43,923,526.43 | 45,672,249.22 | 43,329,971.21 | 43,184,133.34 | |
| Total coverage of employees (%) | 94.2% | 95.0% | 97.8% | 97.8% | 97.8% | |
- Note 1: The data of 2016 for externally purchased electricity, natural gas, and gasoline included the Group’s CDF building, Dazhi building, Zhonghe building, and other sites, including the Nangang Park office, Taikai building, KGI Bank branches and KGI Securities branches. In 2017, the Hongqi building and office of CDC Finance & Leasing were included in the scope of inventories. In 2018, KGI Futures’ headquarters and branches were added to the inventories. In September 2017, CDF acquired a 25.33% equity in China Life Insurance through tender, with consolidated shareholding ratio reaching 34.82% by the end of 2019. The above data included the data of China Life Insurance from 2016 to 2020. The scope of inventories for diesel included the main office buildings (CDF, Dazhi, Zhonghe, Taikai, and Cheng Tung buildings) and China Life Insurance’s headquarters and branches in Taoyuan and Hsinchu, Taichung, Chiayi, Tainan, and Kaohsiung.
- Note 2: Externally purchased electricity is the only metric used for calculating ‘average consumption per person’, and only entails electricity consumed within CDF’s subsidiaries.
Note 3: Given the change in the scope of data, the GHG emission targets in 2020 were estimated at a 2.5% reduction from the coverage and targets in 2016.
2020 targets = (Total data in 2016 / Data coverage in 2016) x 97.5% (expected reduction of 2.5%) x 97.8% (Data coverage in 2020) = 42,318,922.4 kWh. The achievement rate in 2020 was 103% (41,084,620.03 kWh). - Note 4: Sources of data include payment receipts, property cost allocation spreadsheet, procurement or utility records.
- Note 5: Our accounting of emission heating value is based on the GHG Emission Coefficient Management Chart version 6.0.4, published online by the Bureau of Energy.
- Note 6: Based on the number of employees (including overseas employees and excluding field staff of China Life Insurance), coverage is the number of employees included in the inventory divided by the annual average number of employees provided by the Human Resources Dept. every month. Domestic coverage was 100%。
- Note 7: Per-capita emissions = Total emissions within the scope of inventory/Number of employees included in the inventory.
Water Resource management
CDF addresses itself in saving and protecting water resources by replacing old air-conditioning equipment and installing eco-label certified water-saving and sensor-embedded equipment, so as to improve the efficiency of water use; in addition, CDF continuously conveys water-saving initiatives to employees. Total tap water consumption in 2021 decreased by 9.64% and per-capita water consumption decreased by around 6.73% vs. 2016.
Target
Reduce water consumption by 2% vs. 2016
Project
- Sensor-embedded equipment
- Preferential purchase policy for water conservation eco-label certified equipment
- Promote water conservation measures to employees
Performance
Reduced water consumption by 1.6% and per-capita use by 6.4%
Achievement rate 100%
Achievement rate 100%
Target
Plan rainwater harvesting facilities
Project
CDF’s new headquarters comes with rainwater harvesting facilities to water the lawn without adding use of tap water
Performance
Launched rainwater-harvesting facilities
Achievement rate 100%
Achievement rate 100%
Water Resource management
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Water-Resource Consumption 2016~2020
| Year | 2016 (base year) | 2017 | 2018 | 2019 | 2020 | 2020 Goal (Note 4) |
Achievement rate | |
|---|---|---|---|---|---|---|---|---|
| Water | Total consumption (kWh) | 235,904.96 | 232,003.24 | 237,582.00 | 232,442.65 | 232,198.00 | 240,022.02 | 103% |
| Total volume of recycled and reused water (liters) (Note 6) | 0 | 0 | 0 | 0 | 0 | - | ||
| Total volume of recycled and reused water as a ratio of total water intake | 0 | 0 | 0 | 0 | 0 | - | ||
| Average consumption per person (kWh) | 30.19 | 29.76 | 29.29 | 28.75 | 28.25 | 30.72 | 108% | |
| Carbon emissions (kg CO2e) | 38,216.60 | 37,584.52 | 38,488.28 | 37,655.71 | 34,829.70 | - | ||
| Total coverage of employees (%) | 94.2% | 95.0% | 97.8% | 97.8% | 97.8% | - | ||
- Note 1: Calculation of carbon emissions based on equivalent unit tap-water CO2e data published annually by the Taiwan Water Corporation.
- Note 2: Sources of data included payment receipts and property cost allocation spreadsheet.
- Note 3: In September 2017, CDF acquired a 25.33% equity interest in China Life Insurance through public tender offer, with the consolidated shareholding ratio reaching 34.82%. The above data included the data of China Life Insurance since 2016.
- Note 4: Given the change in the scope of data, the GHG emission targets in 2020 were estimated at a 2.5% reduction from the coverage and targets in 2016.
2020 targets = (Total data in 2016 / Data coverage in 2016) x 98% (expected reduction of 2%) x 97.8% (Data coverage in 2020). - Note 5: Based on the number of employees (including overseas employees and excluding field staff of China Life Insurance), coverage is the number of employees included in the inventory divided by the annual average number of employees provided by the Human Resources Dept. every month.
Domestic coverage was 100%. - Note 6: As the inauguration of the new headquarters is scheduled in 2021, no consumption of recycled water was available in 2020.
- Note 7: Per-capita emissions = Total emissions within the scope of inventory/Number of employees included in the inventory.
Waste Reduction & Management
As a financial services provider, CDF creates a milder environmental impact in the operations compared to the manufacturing industry. The waste produced is mostly general trash, not industrial waste containing toxic materials that require special treatment. To maximize contribution to the environment, we encourage our employees to recycle waste. While increasing the employees' awareness of waste reduction and recycling, we continue expanding the scope of waste inventory. In 2021, we recycled 482.50 metric tons of waste, accounting for 98.73%% of total waste, the same level as of 2016. Total waste reached 488.73 metric tons of waste, showing a reduction of 9.84% from 444.94 metric tons in 2020, 15.99% in comparison to 2016.
Target
Recycling Observation
Project
- Collect statistics on recyclable and non-recyclable waste
- Start tracking the weighting of recyclables in aggregate waste volume
Performance
Recycled a total 439.89 metric tons of waste, constituting 98.9% of total waste
Achievement rate 100%
Achievement rate 100%
Waste Reduction & Management
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Waste Reduction & Management
| Category | Item | Treatment method | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|
| Total amount of waste | 581,775.84 | 539,928.10 | 541,019.00 | 526,776.00 | 444,935.17 | ||
| Recyclable /reusable /resold waste | Paper | Recycled by outsourced contractors | 146,433.84 | 133,831.00 | 139,472.70 | 128,752.20 | 113,450.61 |
| PET bottles | 4,138.90 | 4,196.90 | 3,701.80 | 4,096.20 | 5,018.67 | ||
| Tin/aluminum cans | 5,226.20 | 6,459.40 | 7,315.30 | 6,919.60 | 5,243.05 | ||
| Kitchen scraps | 114,290.80 | 116,708.80 | 110,314.90 | 112,039.00 | 78,105.68 | ||
| Light tubes, light bulbs | 302.10 | 460.00 | 713.30 | 574.00 | 3,071.00 | ||
| General trash | Transported to incinerator by contractors | 304,844.94 | 272,428.29 | 273,631.48 | 268,632.71 | 235,005.18 | |
| Total | 575,236.78 | 534,084.39 | 535,149.48 | 521,013.71 | 439,894.20 | ||
| Discarded waste | 6,539.06 | 5,843.71 | 5,869.52 | 5,762.30 | 5,040.97 | ||
| Recycling ratio | 98.9% | 98.9% | 98.9% | 98.9% | 98.9% | ||
| Coverage ratio | 50.7% | 50.9% | 51.3% | 51.9% | 54.5% | ||
- Note 1: Data collection commenced for paper, PET bottle, tin cans, kitchen scrap and general trash in 2016, encompassing inventories from CDF building, Dazhi building, and Zhonghe building in 2019 and from CDF building, Dazhi building, Zhonghe building, and Cheng Tung building in 2020, covering 54.5% of employees.
- Note 2: Empty toner cartridges are recycled and professionally treated by our MFP suppliers.
- Note 3: Statistics commenced for light tubes and light bulbs started in 2016. Waste PLL and T5 light tubes are the bulk of light tube recycling. The scope of inventories includes CDF building, Zhonghe building, and Nangang Park office.
- Note 4: In compliance with the Personal Data Protection Act and relevant regulations, classified documents are disposed of under work colleagues’ monitoring, by turning into pulp before turning into recycled paper. Data storage devices to be disposed of must be first destroyed by IT personnel before recycling in order to prevent leaking of personal and classified information.
- Note 5: In September 2017, CDF acquired a 25.33% equity interest in China Life Insurance through public tender offer, with the consolidated shareholding ratio reaching 34.82%. The above data included the data of China Life Insurance since 2016.
- Note 6: Domestically, general waste is mainly disposed of through incineration for power generation (approximately 97.9%) and landfill.
- Note 7: Based on the number of employees (including overseas employees and excluding field staff of China Life Insurance), coverage is the number of employees included in the inventory divided by the annual average number of employees provided by the Human Resources Dept. every month.
- Note 8: Discarded waste is non-recyclable waste that cannot be recycled and reused (Quantity = Total waste - Recyclable/reusable/resold waste).
- Note 9: Recycling ratio = Total weight of recyclable waste / Total weight of waste.
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Green Finance
Through green energy investment, green credit and green underwriting, we promote the transformation of Taiwan s energy industry towards sustainable development