Steve Bertamini, President and CEO of CDF, said that CDF is committed to achieving net-zero carbon emissions portfolio by 2045, aligned with its five major sustainable development strategies (sustainable governance, intelligent sustainable finance, elite sustainable talent, low-carbon sustainable environment, and co-creating sustainable society). CDF is moving towards an international and sustainable leading financial institution.
China Development Financial Holdings (hereinafter referred to as "CDF") has been selected for the fourth consecutive year to the 2023 Dow Jones Sustainability Index. CDF has been chosen for the 2023 DJSI World and DJSI Emerging Markets index for the fourth time as well. In this evaluation, CDF has achieved a “Best Score” in two categories, with a second-place globally in environmental performance and first place in Taiwan. The overall score has ranked CDF third in the world and second in Taiwan in the insurance sector. This highlights CDF's sustainable business performance and once again receives international recognition.
The Dow Jones Sustainability Index, which was introduced by Standard & Poor's Dow Jones Indices, is recognized as the initial global standard for evaluating corporate sustainability and the leading source for global sustainability ratings. This year, over 10,000 companies worldwide participated in the Corporate Sustainability Assessment. CDF received Best Scores in two categories," Transparency Reporting " and "Customer Relationship Management", and a high score of 99 points in the "Climate Strategy" category. Among them, CDF was ahead of the curve in the environmental performance, with a ranking of first place in Taiwan.
Steve Bertamini, President and CEO of CDF, said that CDF is committed to achieving net-zero carbon emissions portfolio by 2045, aligned with its five major sustainable development strategies (sustainable governance, intelligent sustainable finance, elite sustainable talent, low-carbon sustainable environment, and co-creating sustainable society). CDF is moving towards an international and sustainable leading financial institution.
The environmental aspect, which won first place in this evaluation, is where CDF starts from its own operations. CDF aims to achieve carbon neutrality in its headquarters building by 2024. Starting in 2022, CDF will purchase 5 million kWh of green power annually and gradually increase its usage. The second phase of green energy planning has been completed this year, which will gradually reduce the impact of CDF's operations on the environment.
CDF and its subsidiaries are working together to leverage their financial influence to promote low-carbon transformation. As of the third quarter of 2023, China Life Insurance has invested a total of NT$33.6 billion in overseas green and sustainable bonds. KGI Bank is leading the industry by
partnering with non-profit organizations to promote green deposits and creating a sustainable ecosystem for public welfare. The deposit balance has exceeded NT$600 mn. KGI Securities' underwriting and equity fundraising for ESG and environmental protection projects have reached NT$90.5 billion, which is a growth of 29% compared to the same period last year. CDIB has invested NT$2.8 billion in green energy-related projects, which is a growth of 7.2% from the end of last year.