China Development Financial Holding Corporation (CDF) announced today that it has completed the first phase of its green power procurement project, with a leading single-year purchase volume within the FHC industry, and plans to purchase 5 million kWh of green power every year for the next 5 years. CDF also plans to integrate green electricity into its CDF Dunbei Headquarters and KGIS Dazhi Office Building by end of this year. The green electricity will account for about 12% of CDF group's total electricity consumption and reduce carbon emissions for its own operations by 10% per annum.
In response to Taiwan’s commitment to net-zero emissions and in line with international sustainability standards, CDF has implemented carbon reduction plans through two different approaches: "net-zero for its own operation" and "net-zero for its asset portfolio." CDF is committed to becoming carbon neutral for its own operations by 2030. In addition to the launch of multiple carbon reduction projects, CDFs Headquarters, a green building itself, has planned to integrate smart energy management systems and switch to clean energy by 2030.
CDF has started discussions with different Taiwanese renewable energy manufacturers to explore green power cooperation models since the end of last year. CDF recently reached a green power purchase agreement with Chung Yao Co., Ltd., a subsidiary of Chailease Holdings, and plans to purchase 5 million kWh of green power every year, accounting for about 12% of the group's annual power consumption. The first stage of green electricity transfer, which is expected to be completed in the fourth quarter of this year, will cover CDF Headquarters and KGI Securities Dazhi Office Building. CDF will continue to expand the scale of green power procurement in order to transform CDF Headquarters to a carbon-neutral green building by 2024.
Earlier this year, the Financial Times and Nikkei Asia's announced a list of “Asia-Pacific Climate Leaders 2022,” and CDF is proud to be the top 9th performer with up to 25% of emissions cut and the only financial industry business ranked in the top 10.
CDF is dedicated to providing sustainable financial solutions for customers, employees, shareholders and the society, and creating positive and sustainable impact through financial services. With the vision to become a leading financial company in Asia, net-zero transformation is not only a core strategy of CDF, but also a long-term commitment for the betterment of humankind.