CDF pushing for sustainable finance, with President Bertamini striving for synergies among subsidiaries and acceleration of digitization

Nov 27, 2020
Press Release

 

China Development Financial (hereinafter CDF, TWSE: 2883) showcased sustainable finance at the 2020 Taipei FinExpo, with sustainability and its cross-sector climate change alliance debut of “RICE” (Resilience of Industries on Climate Change Enhancement) being the keynote. 

CDF has been engaging in ESG (environmental, social, and corporate governance), financial inclusion, and fintech innovation. President Stefano Paolo Bertamini represented CDF at the expo opening ceremony on November 27th and said that CDF plans to further increase cooperation and synergies across the group, accelerate digital efforts, become the employer of choice and further build on the leadership position in ESG.

CDF stressed that the establishment of “RICE” represents coordinated response to “Green Finance Action Plan 2.0” proposed by the Financial Supervisory Commission (FSC) using National Taiwan University’s climate change risk management databank platform, the most scientific and trusted of its kind in Taiwan. CDF and Ernst & Young will jointly utilize the platform to share their financial and industry experience with financial peers and companies in other industries, via Chunghwa Telecom’s advanced digital technology cloud. Companies can simply link their existing risk management frameworks to the platform to strengthen their climate change resilience and accelerate low-carbon transformation.

CDF Chief Digital Officer Ketan Samani shared “Digital Transformation for Mobility and Momentum” at the expo. He stressed that digital transformation and ESG issues have one thing in common – they are changing at fast pace. In post-COVID 19 era, these are becoming increasingly important to internal and external stakeholders, especially as both subjects are a global phenomenon.

Mr. Samani said that digital technology can play a key role to help corporations mitigate risks. As an example, he mentioned that the financial sector can utilize digital technology to effectively boost investment performance and ESG, improve analysis of investment portfolios, and provide customers with sustainable products and services. He also shared his experience of digitizing operations in the Middle East and Africa for Commercial International Bank of Egypt and shaping the digital customer journey for Singapore Telecommunications.

At the expo, CDF conveyed the message regarding how the financial sector can respond to climate change threat through green finance, green investment, and financial inclusion. From the newly founded “RICE”, subsidiaries’ green-related businesses to CDF’s social welfare campaigns, they all surround the theme of sustainability, enabling CDF to be the ESG leader.   

 

 


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