Social
We are committed to giving back and injecting new momentum into Taiwan's social resources.
Social Investment
Led by the Social Philanthropy WG of the Sustainable Committee, CDF is devoted to creating maximum shared value for society stakeholders through joint efforts from CDF Foundation, KGI Charity Foundation and each subsidiary with the goal of achieving a sustainable society. In 2021, CDF launched the “Inclusive Vision” project 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 leverage our core competencies in venture capital and inclusive financing, along with the cooperation with social enterprises, so as to bridge the urban-rural gap and achieve the United Nations’ Sustainable Development Goals (SDGs).

The “Inclusive Vision” project aims to understand the needs of local communities through the work of the Group’s volunteers, and, along with CDF’s financial expertise, to promote the development of regional revitalization in Taiwan. Having been doing business in Taiwan for more than 60 years, CDF has witnessed several industrial transformations in Taiwan. While Taiwan has made a massive leap to the top 20 economies in the world, the gap between urban and rural development has been widening. Over 70% of Taiwan’s population live in the six major cities, which occupies only 30% of Taiwan’s land. Population migration, aging, and low birthrate have become serious challenges for rural development. CDF’s “Inclusive Vision” project progressively fulfills the needs of regional revitalization. It not only injects resources into rural communities but also assists local organizations in building sustainable support systems through connecting social innovations, in an effort to achieve the goals to promote intergenerational collaboration, take care of the elderly, seek common good with the disadvantaged, and coexist with the environment in order to support sustainable development in Taiwan.
[{"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 2021
Average amount spent per employee on training and development
NT$3,285
item Required training Optional training Total
Average hours per employee of training and development 45.88 30.43 76.31
Average amount spent per employee on training and development 1,341 1,944 3,285
Coverage (percentage of employees) - - 100%
Human Capital ROI
[{"year":["2016","2017","2018","2019","2020","2021"],"data":[1.69,5.61,12.16,14.67,12.21,9.64]}]
HC ROI: (Net income - (Operating expenses - Employee benefits expenses)) / Employee benefits expenses.
Note: Data of China 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.