Social
We are committed to giving back and injecting new momentum into Taiwan's social resources.
Social Investment
Its expertise in investment has helped CDF realize that education is the most valuable investment. Hence, it started providing educational resources and assisted students from rural areas and disadvantaged groups in overcoming poverty showing them opportunities to move up and become socially competitive. CDF has integrated charity with business while making donations to social philanthropy. With its long commitment to venture capital/private equity business and core competence, CDF has set up an international resource platform, creating a win–win situation for start-ups, strategic investors, and asset managers; through FinTech, we also set up an online charity donation platform free of charge for social-welfare groups to raise funds in a safe and reliable manner. CDF has a medium/long-term plan strategy over a span of three–five years to promote commercial initiatives while paying attention to equality in education. For over a decade, we have extended support to students from rural areas and disadvantaged groups by providing a wealth of educational resources and opportunities through community investment. By increasing the depth and breadth of care, we hope to create a positive and long-term effect, further maximizing social return on investment. Through four types of philanthropic activities (charitable donations, community investment, commercial initiatives, and employee engagement), CDF, CDF Foundation, KGI Charity Foundation, and subsidiaries jointly work to achieve eight of the United Nations’ Sustainable Development Goals (SDGs), namely, no poverty, zero hunger, good health and well-being, quality education, decent work and economic growth, reduced inequalities, peace, justice, and strong institutions, and partnerships for the goals, with SDG4: Quality Education, SDG8: Decent Work and Economic Growth, and SDG17: Partnerships for the Goals as our priorities. In the 2020 Taipei FinExpo, CDF set up the CDF Sustainability Pavilion to present global ESG trends and sustainable development issues; we also released the prototype of the "Resilience of Industries on Climate Change Enhancement, RICE," a science-based, credible climate risk management database built with National Taiwan University, Chunghwa Telecom Company, Ltd., and Ernst & Young, database, for the first time and demonstrated our achievements in promoting responsible finance. With volunteer leave offered, our employees volunteered to share with the general public the Company's response to climate change, responsible finance practices, and the entire design process of financial products in hopes of promoting the trends and issues in relation to sustainable development.
[{"name":"Community Investment","y":63.0},{"name":"Donations","y":30.0},{"name":"Commercial Initiatives","y":7.0}]
Performance of Philanthropic Intiatives
Input
Total Cash Contribution
Cash contributions NT$92.81mn
In-kind giving NT$44.05mn
Management Overheads NT$13.06mn
Other
Free start-up seminars
84
Session
Start-up workshops
2
Session
Time Input
Volunteer employees
5,016
staff
Volunteering hours
35,541
hours
NT$22.76mn
List of Performance and Target
 
Item
Performance
Target for next year
Charitable Donations & Educational Aid
 
Charitable Donations & Educational Aid
Item
COVID-19 Emergency Relief
Performance
Donated anti-pandemic supplies to those hit badly by COVID-19 at home and abroad
Target for next year
Love, Starting From Elementary School Beneficiary: 400 students Let Love Flower Beneficiary: 1,000 students
Community Investments
 
Community Investments
Item
Heritage 100 X Tutelage 100” scholarship program
Performance
Beneficiaries:100, college students 100 underprivileged children, 10,000 tutorial hours
Target for next year
Gift Shoebox of Love:500 volunteer employees, 10 schools in remote areas Lunch Dates:2 sessions, 10 volunteers per session, totaling 20 volunteers
 
Community Investments
Item
Online and offline insurance awareness training for elementary schools in remote areas, along with other philanthropic activities
Performance
  • Increased visibility and favorability-Awarded Buying Power by Small and Medium Enterprise Administration, M.O.E.A. for a fourth consecutive year
  • Development of outstanding talent
Target for next year
Gift Shoebox of Love:500 volunteer employees, 10 schools in remote areas Lunch Dates:2 sessions, 10 volunteers per session, totaling 20 volunteers
Gift Shoebox of Love:500 volunteer employees, 10 schools in remote areas Lunch Dates:2 sessions, 10 volunteers per session, totaling 20 volunteers
Art Cultivation & Commercial Initiatives
 
Art Cultivation & Commercial Initiatives
Item
Online charity donation platform
Performance
  • Made NGOs prospects for payroll transfer service
  • Improved brand visibility and brand favorability and new accounts
Target for next year
  • Mentor for "Mock Contest on Mergers and Acquisitions" at National Chengchi University
  • 11th Greater China (Asia-Pacific) Mock Contest on Mergers and Acquisitions - Mentor
  • CDIB Capital Innovation Accelerator's start-up mentoring programs
 
Art Cultivation & Commercial Initiatives
Item
CDIB Capital Innovation Accelerator's start-up mentoring program
Performance
  • 18 start-ups received funds required for business development (as of today)
  • Young people and start-ups received professional guidance to overcome difficulties through free seminars, workshops, and courses
  • 84 sessions, attended by 2,024 people
  • Corporate-matching opportunities for start-ups
  • Increase in employees' participating, self-satisfaction, and social recognition
Target for next year
  • Mentor for "Mock Contest on Mergers and Acquisitions" at National Chengchi University
  • 11th Greater China (Asia-Pacific) Mock Contest on Mergers and Acquisitions - Mentor
  • CDIB Capital Innovation Accelerator's start-up mentoring programs
  • Mentor for "Mock Contest on Mergers and Acquisitions" at National Chengchi University
  • 11th Greater China (Asia-Pacific) Mock Contest on Mergers and Acquisitions - Mentor
  • CDIB Capital Innovation Accelerator's start-up mentoring programs
SROI (Social Return On Investment)
 
SROI (Social Return On Investment)
Item
SROI (Social Return On Investment)
Performance
Heritage 100 X Tutelage 100: 4.9
Target for next year
Heritage 100 X Tutelage 100:to have a greater social impact and create more social benefits
Historical Social Investment
Financial Inclusion
We have long cared for the needs of disadvantaged groups and social enterprises. Through the core businesses of subsidiaries, we devote to provide sustainable financial assistance. In recent years, in combination with the opportunities raised from emerging risk, we have continued to develop various products and services related to social welfare in order to create maximum social benefits and give back to society.
Micro-insurance
To provide disadvantaged groups with basic accident insurance to cover death and disability, China Life Insurance began introducing microinsurance products. Microinsurance has lower premiums, lower insured amount, and easy to understand terms. It comes in four types: accident microinsurance, collective accident microinsurance, group accident microinsurance, and group accident microinsurance for the disadvantaged. The goal is to make basic accident insurance covering death and disability affordable for people with low incomes. With the protection of microinsurance, families can avoid the debilitating financial effects of a major accident. At the same time, China Life Insurance is cooperating with banking channels, government agencies, and private organizations to jointly promote microinsurance. Its efforts to develop new sales outlets and diversify insurance products have been recognized by the competent authority for six consecutive years. This enables China Life Insurance to spread insurance guarantees to all corners where care is needed, thus providing strong support for disadvantaged households. When a microinsurance beneficiary suffers an accidental death, China Life Insurance supports his or her family in preparing all needed documents to quickly release insurance compensation. Families appreciate the care and assistance in overcoming the difficult time they face. In this way, insurance fulfills its role as a stabilizing force. Microinsurance has provided coverage for more than 34,000 eligible disadvantaged groups across Taiwan. In 2020, premium income from microinsurance reached NT$ 8.35 million.
Human Development
Employee Training in 2020
Average amount spent per employee on training and development
NT$8,664
item Required training Optional training Total
Average hours per employee of training and development 55.0 20.9 75.9
Average amount spent per employee on training and development 3,650 5,014 8,664
Coverage (percentage of employees) - - 100%
Human Capital ROI
[{"year":["2016","2017","2018","2019","2020"],"data":[1.69,5.61,15.85,13.8,12.21]}]
HC ROI: (Net income - (Operating expenses - Employee benefits expenses)) / Employee benefits expenses.
Note: Data of China Life Insurance have been included from 2018.
Human Right Policy
CDF is committed to upholding and observing all the international human rights treaties and will continue to supervise and evaluate the extent to which human rights standards are being complied with. We strive to comply with and promote human rights in accordance with international human rights standards including UN Universal Declaration of Human Rights, the UN Global Compact, the UN Guiding Principles on Business and Human Rights, the UN International Labor Organization(ILO). CDF stands firmly in opposition to any business conduct that may infringe upon or violate human rights, and ensures strict compliance with local labor regulations. CDF has also established a Human Rights Due Diligence to regularly monitor its internal compliance with the aforementioned human rights principles and to analyze related risk impacts. CDF is committed to upholding and observing all the international human rights treaties. The scope of the CDF Human Rights Commitment includes all of our employees. We will continue to review and execute the aforesaid commitment thoroughly. As per the human-rights risk-assessment management process, the "Employee Well-Being WG" under the CSR Committee assesses the human rights risk to all employees across the Group. Over 2,000 questionnaires were circulated and retrieved to determine risk level relating to potential human rights abuses in CDF’s workplace. Human-rights issues included ban on child labor and forced labor, freedom of association, non-discrimination in employment, and inclusiveness and equality in the workplace. The questionnaire was distributed to employees, female employees, indigenous employees, and temporary workers to assess risk level relating to potential human rights abuses in CDF’s workplace. The coverage of the questionnaire was 16.3%. Human-rights issues with medium to low risk and extremely low risk were identified, which included extended working hours, labor disputes, grievance channels, and inclusive workplace. Attaching great importance to these human rights issues, we have taken measures immediately to mitigate the risk of this issue so that our employees can achieve a work-life balance. In 2020, our employees received a total of 64,497 hours of education and training on human rights related issues, with a 92% participation rate. Among them, the total number of hours of courses on the prevention of workplace harassment and discrimination reached 24,367.5 hours, and the participation rate even reached 95%. In the future, we will continue to devise online lessons for employees to study, so as to effectively increase the ratio of participation among employees. The Company does not employ any child labor, and no human rights violations were reported in 2020. For information on labor inspections and punishments in relation to our subsidiaries, please refer to the Annual Report.
Human Rights Issues Covered Questionnaire
Human Rights Issues Covered Questionnaire
download
Next
Corporate Governance
Only companies that truly implement corporate governance and are trusted by investors can have long term stability and sustainable operations.