Yuanta has made continual efforts to reduce its impact on the environment, and to move towards building a truly “green” corporate culture. In addition to creating an environmentally-friendly workplace, the Company also encourages customers and the families of employees to join in our environmental initiatives, and work together toward a common goal of environmental sustainability.
Since 2015, Yuanta Financial Holdings has responded to the climate change questionnaires of the international non-profit organization CDP (formerly the Carbon Disclosure Project); in January 2016, Yuanta became an investor signatory of CDP’s Climate Change, Water, and Forests Projects. Through responding to these questionnaires, we evaluate the various risks and opportunities attendant to climate change and then implement a range of carbon reduction and energy saving actions and green financial services to reduce the impacts of our operations on the environment. We hope that while implementing sustainable development, we will also be able to motivate other companies to join with us in responding to the global trend toward the reduction of carbon emissions. For the 2018 questionnaire, Yuanta Financial Holdings received an A- Leadership Score. In the future, we will continue to respond to the CDP questionnaire and support CDP’s investor plans, committing ourselves to environmental friendliness and to working on climate change issues.
The Environmental Sustainability Group is formed by the administration departments of Yuanta Financial Holdings and all subsidiaries, responsible for formulating the environmental management systems (including environmental-related measurements pertaining to water conservation, energy saving, and GHG reduction), purchasing low energy-consuming office supplies and equipment, properly managing corporate waste, implementing supply chain management, and increasing green procurement.
|Base Year||2018 Progress||Short-term Targets||Medium-term Targets||Long-term Targets|
|Energy Saving and Carbon Reduction||2017||Implement ISO 14064-1 system, and conduct GHG inventory for all operating sites.||A 5% reduction of the base year in 2020.||An 8% reduction of the base year in 2030.||A 50% reduction of 2005 in 2020.|
|Water Reduction||Water consumption was calculated for 2018 and considered as the base year.||Collect tap water bills for each operating site and calculate annual water consumption.||A 5% reduction of the base year in 2023.||An 8% reduction of the base year in 2030.||10% less in 2050. (The average usage per person)|
|Wastes Management||Average volume per person was calculated based on data released by EPA in 2018, and considered as the base year.||Calculate the annual volume according to recyclable and domestic wastes.||A 5% reduction of the base year in 2023.||An 8% reduction of the base year in 2030.||10% less in 2050.|
As a member of the financial industry, the Yuanta Group’s business operations produce a large and complex amount of waste. Providing service to our customers requires the use of paper as well as IT equipment, and, due to periodic renovations and relocations of our operating locations, the Company also produces construction and renovation related waste. If these various sources of waste are not properly dealt with and disposed of, they can cause harm both to individuals and the natural environment. Therefore, Yuanta’s environmental efforts have identified waste management as a top priority.
In its handling of waste management, the Group applies the 3Rs: reduce, reuse, and recycle. To begin with, the Group works to reduce the amount of waste produced, then carefully selects providers of waste recycling services and ensures that recycled waste is processed both legally and in a way that minimizes environmental harm.
1 . Reduce
The Group’s waste management efforts begin with reduction, promoting the removal of paper from operations and services where possible both internally and externally, including through business digitalization, paperless meetings, online education, and service digitalization. In addition, through promotion and education, we encourage our employees to reduce food waste, promoting the concept of cherishing food to help alleviate the burden on the environment and the economy caused by food waste. Such efforts have already had a direct impact, leading to a reduction in food waste in recent years.
2 . Reuse
A. Replacement and Processing of IT Equipment and ATMs
IT Equipment Replacement Statistics for the Group in 2018
B. Other Assets and Equipment
C. Reuse of Paper
3 . Recycle
Additionally, the Group has promoted the sorting of waste for recycling for many years. The Financial Holdings headquarters building, for example, has garbage separation facilities in the pantry rooms on each floor, along with promoting recycling and offering relevant training, helping to cultivate the habit of waste sorting among staff. Reviews of the quantities of recyclables and food waste generated are conducted annually to evaluate the effectiveness of our waste management approaches.
To provide even better service to our customers, Yuanta periodically renovates and relocates its business locations, which produces construction-related waste. In terms of construction and building materials, we urge contractors to use green construction methods to minimize environmental impact, and select building materials and facilities which will maximize energy and water usage efficiency. Even more importantly, we clearly stipulate in our construction agreements that contractors must reduce waste to the greatest possible extent and ensure that all waste produced is properly handled, thereby avoiding any environmental issues arising from our construction projects.
Furthermore, in the construction projects associated with Yuanta Bank as well as request that contractors provide proof of disposal forms for all waste disposed, and that they recycle all recyclable waste, thereby reducing overall waste production.
Waste Statistics for Yuanta Financial Holdings
Note: The data covers 100% of Yuanta Financial Holdings and nine subsidiaries.