Key Takeaways:
- Inaugural Adoption: E.SUN Financial Holding Co., Ltd. joined as an inaugural Early Adopter of the Task Force on Nature-related Financial Disclosures (TNFD) in 2023.
- TNFD Recommendations: As a TNFD Early Adopter, E.SUN will align its corporate reporting with the TNFD Recommendations by the financial year 2024.
- Strategic Risk Management: E.SUN views nature-related issues as crucial for risk management and believes TNFD guidance helps assess nature-related dependencies, impacts, risks, and opportunities.
- Commitment to Sustainability: E.SUN is dedicated to achieving zero by 2050 and supports various environmental initiatives, including conservation efforts and green financial products.
- Global Participation: The company actively participates in international initiatives and has been recognized for its efforts in environmental sustainability.
Inaugural Adoption of TNFD
E.SUN Financial Holding Co. registered as an inaugural Early Adopter of the Task Force on Nature-related Financial Disclosures (TNFD) in 2023. This milestone event was celebrated at the World Economic Forum annual meeting in Davos, Switzerland, on January 16th.
Aligning with TNFD Recommendations
As a TNFD Early Adopter, E.SUN commits to making disclosures aligned with the TNFD Recommendations in its corporate reporting by 2024. The company has already integrated TNFD Beta v.02 frameworks in its “2021 Climate and Environmental Report” and continued to enhance its disclosures in the “2022 Climate and Environmental Report.”
Nature-Related Issues as a Strategic Focus
E.SUN views nature-related issues as a strategic risk management issue. The company believes that the TNFD recommendations and guidance will support identifying and assessing nature-related dependencies, impacts, risks, and opportunities.
Commitment to Climate and Nature-Related Issues
E.SUN is dedicated to achieving Net-Zero by 2050 and aims to be “Nature Positive.” The company supports conserving endangered species and integrates its environmental ideals into its financial business, offering green financial products and services. Notable projects include the “E.SUN Maravi Rice” project, which promotes organic and eco-friendly agriculture and has led to the return of endangered species in Taiwan.
Active Participation in Global Sustainability Initiatives
E.SUN upholds sustainability as a core value and actively promotes environmental, social, and governance (ESG) initiatives. The company is the first Taiwanese bank to receive validation of Science Based Targets (SBT) and participates in international initiatives like RE100, PCAF, and PBAF. Through its innovative financial products and services, E.SUN assists in directing capital flows toward environmental sustainability.
Image provided by E.SUN
