In order to reduce the impact of its operations on the environment and to promote and manage environmental issues within the Yuanta Group in a more systematic manner, Yuanta FHC has formed an “Environmental Sustainability Group” through the administrative departments of Yuanta FHC and subsidiaries to develop environmental management systems (including relevant environmental protection and management measures pertaining to water conservation, energy saving, GHG reduction, etc.), purchase low energy-consuming office supplies and equipment, properly manage waste, implement supply chain management, and increase green procurement.
The “Environmental Sustainability Group” promotes the Yuanta Group’s implementation of the four major ISO standard systems. Since 2015, Yuanta FHC has started to implement the ISO 14001 environmental management systems to establish an environmental management framework, and to formulate environmental policies, plan environmental improvement goals and targets, and propose continuous management improvement programs.
In addition, the Yuanta Group has been implementing ISO 14064-1 GHG emissions inventory, ISO 50001 energy management systems, and ISO 14046 water footprint inventory in accordance with the ISO 14001 environmental management system framework, and has been effectively executing carbon reduction, energy saving, water conservation, and business waste control to improve the overall environmental management efficiency.
Verification Status of the Four Major ISO Management Systems in 2020Yuanta FHC and all its subsidiaries | ISO 14001 | ISO 14064-1 | ISO 14046 | ISO 50001 |
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V | V (Including 316 business locations) |
V (Including 316 business locations) |
V (All Yuanta Group-owned buildings have been verified) |
Since 2015, Yuanta FHC 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.
In the 2020 CDP climate change questionnaire, the Company achieved high scores in GHG emissions, emission reduction activities, risk disclosure, and value chain negotiation, and was awarded “Leadership Level A,” which is not only the highest CDP rating, but also the best result in the domestic financial industry. In the future, we will continue to respond to the CDP questionnaire and support CDP’s investor plans, proactively committing ourselves to environmental friendliness and to working on climate change issues.
Targets | Short-term Targets | Medium-term Targets | Long-term Targets |
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Category 1 and 2 carbon reduction targets (Note) (Base year is 2017) |
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Supplier sustainable procurement | 100% signed Sustainable Procurement Declaration for major supplier contracts | 60% coverage rate of CSR questionnaire (covering ESG aspects) conducted on major suppliers | 80% coverage rate of CSR questionnaire (covering ESG aspects) conducted on major suppliers |
Waste reduction (Base year is 2019) |
1% reduction in weight of waste per capita in 2021 compared to base year | 2% reduction in weight of waste per capita in 2023 compared to base year | 3% reduction in weight of waste per capita in 2025 compared to base year |
Water consumption reduction (Base year is 2019) |
1% reduction in water consumption per square meter in 2021 compared to the base year | 2.5% reduction in water consumption per square meter in 2023 compared to the base year | 4% reduction in water consumption per square meter in 2025 compared to the base year |
Response to the use of renewable energy |
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Cumulative green power usage target reaches 2.7 million kWh, accounting for 2% of total energy usage |
Green building certification for owned building construction | 1 green building certification in 2021 | 2 green building certifications by 2023 | Green building certification for all new buildings by 2025 |
Note:
- From 2019 onwards, it is based on the new ISO 14064-1:2018 for GHG inventory, the new and old versions of the corresponding names: Category 1 for Scope 1 (direct GHG emissions), Category 2 for Scope 2 (indirect GHG emissions from input energy), Category 3 ~ 6 for Scope 3 (other indirect GHG emissions).
- The long-term goal for carbon reduction in Category 1 and 2 is set at 51% by 2050, with a 31% reduction expected in 2034.
- 2021 is expected to control the Yuanta Group-wide carbon emission target through the SBT methodology (base year is 2017), with a phased review every five years, and to refine carbon reduction actions.
The Yuanta Group is in the financial services industry and does not produce a large amount of general or hazardous waste and does not consume excessive water resources in its operations. However, we still aim to improve our environmental management with the goal of continuously reducing our environmental impact.
In order to achieve environmental friendliness, we have adopted the 3R management measures of reduce, reuse, and recycle to reduce waste generation at the source. Over the years, we have continued to promote a waste reduction and recycling system that manages waste according to general waste, recyclable, food waste, etc., and there is no hazardous waste. Starting from 2019, the Yuanta Group has been carrying out full-scale weighing of waste to implement data management and strive for waste reduction, and has been compiling annual statistics on the Yuanta Group’s waste disposal situation, with a 100% coverage rate in 2020.
The Yuanta Group’s waste mainly comes from general household waste, and we carefully select various waste treatment vendors to ensure that the treatment and disposal of waste is legal and does not cause secondary impact on the environment. General waste is transported to incineration plants by qualified waste removal companies, while recyclable waste and food waste are collected and processed by recyclers.
Paper waste is the largest source of waste in the service process. However, all confidential documents are destroyed in accordance with the Personal Data Protection Act and related laws and regulations, and a qualified vendor is entrusted with a safe, fast, and environmentally friendly water-disposal process to ensure that information does not leak out and proof of destruction is retained. The process also allows waste paper to be recycled into recycled paper for reuse, thus achieving a real waste reduction.
Yuanta FHC and its subsidiaries have set up waste recycling bins, posted resource recycling notices, and combined with daily promotions to reduce garbage and waste. We use environmentally friendly cups at meetings, provide refrigerators and microwave ovens, and encourage employees to make good use of microwavable lunch boxes to cultivate awareness of resource recycling and reduce plastic and paper waste.
General Waste (non-hazardous)/ (metric tons) |
2017 | 2018 | 2019 | 2020 |
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Incinerated | 2,175.87 | 2,931.56 | 435.66 | 452.32 |
Recycled | 9.01 | 104.59 | 3,294.34 | 239.51 |
Total | 2,184.88 | 3,036.15 | 3,730.01 | 691.83 |
Waste per capita (kg/person) |
188.87 | 276.37 | 341.83 | 63.22 |
Data Coverage Rate (%) | 100 | 100 | 100 | 100 |
We care about and value water resources and reduce water consumption by installing water-saving devices and promoting water conservation. In 2020, the ISO 14046 water footprint certification was expanded to cover a total of 316 business locations of Yuanta FHC and its subsidiaries, with a coverage rate of 100%, in order to understand the spatial and temporal use of water resources and changes in the water environment of the business locations, analyze the environmental impact of the business process on water resources consumption, and implement data management and target setting as a comprehensive evaluation indicator to measure the use of water resources internally.
Year | 2017 | 2018 | 2019 | 2020 |
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Water Usage (million liters) | 211.08 | 212.40 | 188.35 | 194.44 |
Total Water Cost (NT$1000) | 3,460.13 | 3,462.17 | 3,129.70 | 3,116.55 |
Water Consumption Intensity (liters/m2) | 739.18 | 743.80 | 659.58 | 680.91 |
Data Coverage Rate (%) | 100 | 100 | 100 | 100 |
Note: The actual boundary of water consumption inventory from 2017 to 2019 is Yuanta Financial Tower, and from 2020 onwards, the inventory has been expanded to cover all business locations of Yuanta FHC and its subsidiaries.