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Land Bank of Taiwan sets a four-year streak of excellent performance by winning the “Best ESG Sustainability Award” in the banking industry

Land Bank’s outstanding performance for four years in the making! At the “2023 Excellent Bank” awards ceremony held by the domestic financial and economic magazine “Excellent Magazine” on September 11, Land Bank of Taiwan’s Vice President Tsou Ching-Chang represented the bank and received the “Best ESG Sustainability Award” in the non-financial holding category. This achievement also marks Land Bank’s fourth consecutive year of recognition for this prestigious award.

 

In response to the global ESG (Environmental, Social and Governance) trends, Land Bank is actively following the measures outlined by the FCC, including “Corporate Governance 3.0 – Sustainable Development Road Map” and “Green Finance Action Plans 2.0 and 3.0” by progressively achieving milestones such as the signing of the Equator Principles (EP), participating in international initiatives like the Task Force on Climate-Related Financial Disclosures (TCFD). Not only that, we have also conducted comprehensive greenhouse inventories at all our domestic and international operational locations and successfully obtained the ISO14064-1 greenhouse gas verification statement, all in line with the objectives outlined in “Taiwan’s Pathway to Net-Zero Emissions in 2050,” established by National Development Council.

 

To further our commitment to green finance, Land Bank has not only set carbon reduction targets for ourselves but also implemented overall control measures for carbon emissions and high-pollution, high-energy-consuming industries within our investment and financing portfolio. Furthermore, Land Bank has also been actively seeking opportunities in the net-zero space, including loans for renewable energy and offshore wind power industries, financing for green construction, and green building mortgages. We have also issued sustainable development bonds for two consecutive years, earmarking the proceeds for green investments and social impact initiatives. This approach effectively directs domestic capital towards sustainable development initiatives.

 

Since assuming her role as Chairperson, Ms. Hsieh Chuan-Chuan has been dedicated to embedding a strong sustainability focus at the core of our operations. In recent years, Land Bank has seen remarkable success in cultivating ESG strategies, resulting in a series of notable awards and recognitions. These accolades include the National Sustainable Development Award in the Corporate category, presented by the National Council for Sustainable Development under the Executive Yuan, as well as the Bronze Award in the 14th TCSA Sustainability Report Category, the Silver Award in the 15th TCSA Sustainability Report Category, along with the Social Inclusion Leadership Award. Furthermore, we were honored with the Sustainability Development Award in the Banking category in the China Times Financial Services Awards. These achievements reflect the broad acknowledgment of our commitment to ESG principles across diverse sectors.

 

As a fully state-owned bank, Land Bank has been a steadfast companion to our customers for 77 years, adapting and renewing our business development and ESG strategies over time. In recent years, we have taken proactive steps to establish an operational model focused on the well-being of the environment, customers, and employees, while bolstering the quality of our services. This commitment has led to consecutive honors, including recognition as the "Bank with Excellent Performance in Adhering to the Principle for Financial Service Industries to Treat Clients Fairly" and the "Bank with Outstanding Performance in Property Trust Evaluation for the Elderly and People with Disabilities," both awarded by the Financial Supervisory Commission (FSC) for five consecutive years. In the future, we will continue to uphold our core values and fulfill our corporate social responsibility, actively contributing to the positive development of the environment, society, and the economy.

 

Contact person: Lin Hui-Fen

Tel: 02-2348-3287

Picture list

Land Bank was awarded the “Best ESG Sustainability Award” in the “2023 Excellent Bank Awards.” The award was presented to Land Bank VP Mr. Tsou (pictured left) by FCC Secretary-General Tsai Fu-Lung (pictured right).
Land Bank was awarded the “Best ESG Sustainability Award” in the “2023 Excellent Bank Awards.” The award was presented to Land Bank VP Mr. Tsou (pictured left) by FCC Secretary-General Tsai Fu-Lung (pictured right).
Release date: 2023/10/04 Last updated: 2023/09/28
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