Social
We take a long-term perspective in empowering students from disadvantaged backgrounds, committed to industry-academia collaboration and talent cultivation, with the hope of injecting new vitality into Taiwan’s societal resources.
Social Investment
The Social Philanthropy Group of the Sustainable Committee is responsible for the corporate citizenship strategy of CDF, whereas the CDF Foundation, KGI Charity Foundation and all subsidiaries are devoted to creating maximum shared value for society stakeholders through joint efforts, with the goal of achieving a sustainable society. In 2021, CDF launched the “Inclusive Vision” project to connect with innovative energies of society and to promote the development of regional revitalization in Taiwan. With a mid to long-term plan for the next three to five years, CDF aims to bridge the urban-rural gap and achieve the United Nations’ Sustainable Development Goals (SDGs), including: 1. End poverty in all its forms everywhere, 3 Ensure healthy lives and promote well-being for all at all ages, 4 Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all, 8 Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all, 11 Make cities and human settlements inclusive, safe, resilient and sustainable, 12 Ensure sustainable consumption and production patterns, and 13 Take urgent action to combat climate change and its impacts.
The CDF “Inclusive Vision” project aims to understand the needs of local communities through the work of the Group’s volunteers, and by cooperating with social enterprises, assist establishing local sustainable support system, in order to promote intergenerational collaboration, take care of the elderly, seek common good with the disadvantaged, and co-exist with the environment to become the solid support for sustainable Taiwan. In 2022, CDF sustains the support for quality social enterprises such as CAN Culture, Art and Nature, g Plahan Symbiotic Community Hub, Happy Food, and Shuan Lian Pear Corporation, promoting regional revitalization in northern, central and southern Taiwan. CDF not only assists Taiwan Urban-Rural Sustainability Care Association under CAN Culture, Art and Nature to establish the first Regional Revitalization professional manager and talent incubation school in Taiwan and successfully trained eight distinguished Regional Revitalization managers but also repaired the chicken coops for elderly living in the tribes of Heping District Taichung City through the help of volunteers, assisting the tribes to create monthly productivity of 3,000 chicken eggs, moving towards the goal of financial independence for the elderly. Moreover, CDF launched the “Regional Revitalization Volunteer Tours” in 2022, leading employees to go into rural townships. The company not only provides volunteers but understand the goals and demand of local regional revitalization teams closely and starts thinking how to help regional development through conscious consumption and professional support in life to create a society with more sustainable development.
[{"name":"Community Investment","y":100.0}]
Performance of Philanthropic Intiatives
Input
Total Cash Contribution
Resources Input
In-kind Giving
NT$4.08
Million
Cash Contributions
NT$101.08
Million
Time Input
Volunteering hours
77,660​
hours
 
 
 
NT$48.46mn
Other
Free start-up seminars
101
Session
Start-up workshops
12
Session
List of Performance and Target
 
ITEM
PERFORMANCE
TARGET FOR NEXT YEAR
PROMOTE INTERGENERATIONAL COLLABORATION
 
PROMOTE INTERGENERATIONAL COLLABORATION
ITEM
Develop Healthy Farmland
PERFORMANCE
  • Strengthen the corporate image of CDF in supporting intergenerational collaboration
  • Through the collaboration with Food Healthy Limited Company to call on local young farmers to participate in financial consultation seminars and to assist local young farmers in developing financial management and financing capabilities
TARGET FOR NEXT YEAR
  • Establish a model for the cooperation between enterprises and young farmers, and assist more young farmers who return to their hometowns in utilizing environmentally friendly agriculture to grow crops and work sustainably
TAKE CARE OF THE ELDERLY
 
TAKE CARE OF THE ELDERLY
ITEM
Promotion of self-supporting community for the elderly by CDF and Plahan
PERFORMANCE
  • Assist disadvantaged elderly and persons with disability in tribes of Heping District, Taichung City to repair the chicken coops, compost facilities, and create monthly productivity of 3,000 eggs per month
  • Support Plahan Symbiotic Community Hub to train local caregivers, expanding the All-in-One elderly care model to extremely rural areas such as Lishan Tribe, helping the local elderly to receive care and age in place
TARGET FOR NEXT YEAR
  • Support the “All in One” model to be promoted in other counties and cities
SEEK COMMON GOOD WITH THE DISADVANTAGED
 
SEEK COMMON GOOD WITH THE DISADVANTAGED
ITEM
Volunteer service project
PERFORMANCE
  • In 2022, the total number of volunteer service hours reached 77,660 hours, benefiting over 10,000 people
  • Built altruistic corporate culture and enhanced brand recognition to stakeholders
TARGET FOR NEXT YEAR
  • Increase volunteer service hours to an average of 6 hours per person per year
  • Achieve an average of 8 volunteer service hours per person per year in long term
 
SEEK COMMON GOOD WITH THE DISADVANTAGED
ITEM
Scholarship for skilled vocational high school students
PERFORMANCE
  • In 2022, CDF Foundation invested a total of NTD 3,171,406 and benefited 118 students.
  • Through the Foundation's “Visibility to People” program, the benefitted students lectured in the dance, swimming and art classes held for employees. 363 people benefited.
TARGET FOR NEXT YEAR
  • Continue putting in resources to develop more talents in different areas
 
SEEK COMMON GOOD WITH THE DISADVANTAGED
ITEM
CL Financing Classes for the Elderly
PERFORMANCE
  • In 2022, 10 physical activities were held, with 340 people attending
  • Utilized insurance expertise to implement inclusive finance, instilled a culture of fair customer treatment internally, and demonstrated China Life’s care for the disadvantage externally to promote the image of sustainable finance
TARGET FOR NEXT YEAR
  • Continue to promote equality in financial literacy for rural/disadvantaged groups
COEXIST WITH THE ENVIRONMENT
 
COEXIST WITH THE ENVIRONMENT
ITEM
Water Refill Campaign
PERFORMANCE
  • In 2022, China Life has helped reduce a total of 16,225 plastic bottles and a total carbon reduction of 1,508.96 kg
  • Supported Circular Economy & Carbon Reduction 100+ initiative to reduce plastic waste and enhanced China Life’s brand recognition
TARGET FOR NEXT YEAR
  • Improve the effectiveness of the Water Refill events and promote them via public welfare or business activities
SOCIAL RETURN ON INVESTMENT (SROI)
 
SOCIAL RETURN ON INVESTMENT (SROI)
ITEM
Social Return on Investment (SROI)
PERFORMANCE
  • Heritage 100 X Tutelage 100 achieved SROI of 4.9 in 2022
TARGET FOR NEXT YEAR
  • Achieve 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.
Inclusive Vision
The CDF “Inclusive Vision” project aims to understand the needs of local communities through the work of the Group's volunteers, and by cooperating with social enterprises, assist establishing local sustainable support system, in order to promote intergenerational collaboration, take care of the elderly, seek common good with the disadvantaged, and co-exist with the environment to become the solid support for sustainable Taiwan.​
Human Development
Employee Training in 2022
Average amount spent per employee on training and development
NT$4,873​
item Required training Optional training Total
Average hours per employee of training and development 21.9​ 16.6​ 38.5​
Average amount spent per employee on training and development 2,150​ 2,723​ 4,873​
Coverage (percentage of employees) - 100% -
Human Capital ROI
[{"year":["2017","2018","2019","2020","2021","2022"],"data":[5.61,12.16,14.67,12.21,8.07,5.09]}]
HC ROI: (Net income - (Operating expenses - Employee benefits expenses)) / Employee benefits expenses.
Note: Data of KGI Life Insurance have been included from 2018.
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Employee Wellbeing
Employees are an important asset of the company. We provide a comprehensive system to achieve work-life balance.