TAIPEI, Taiwan--(BUSINESS WIRE)--Sustainalytics, a world leading ESG research institution, has assigned an ESG rating to E.SUN Financial Holding Co. (E.SUN). In the latest Sustainalytics ESG Risk Ratings, E.SUN is ranked first in Asia, second worldwide among 386 companies in “diversified banks” industry. This is one of the best performance for any Taiwanese banks in international ESG evaluations.
E.SUN is ranked top ten worldwide across several rated ESG risk material issues, including business ethics, data privacy and security, human capital, and ESG integration. Especially, E.SUN is ranked first in “product governance” risk issue category. Sustainalytics is also very positive about E.SUN’s ESG management, which is rated “strong”. The improvement of ESG management score is the main reason that contributed to advance of E.SUN’s ranking this year. Sustainalytics pointed out that E.SUN has strong ESG reporting practices and a board committee appointed for overseeing ESG issues. The ESG rating report also indicated that E.SUN has a very strong environmental policy and has established adequate standards on social supply chain issues. In addition, E.SUN also has set up a strong whistleblower program.
Headquartered in the Netherlands, Sustainalytics was founded in 1992. It is one of the most renown ESG research institutions in the world. It periodically performs evaluation of environment, society, and governance for corporates around the world. The results are widely adopted by many asset management companies for research purpose. Sustainalytics is a member of Morningstar Group.
“E.SUN is dedicated to integrating itself with international standards and ESG best practices of the world,” said Joseph N.C. Huang (黃男州), Chairman of E.SUN Bank. “E.SUN will not only proactively incorporate ESG into banking, but will also continue to collaborate with partners to amplify positive impacts.”
In climate change, E.SUN took the lead among Taiwanese peers to join TCFD. E.SUN used scientific method to quantify financial impact resulted by climate change thereby to manage its associated risks. This year, E.SUN further invited some outstanding Taiwanese corporates to join E.SUN ESG Initiative, under which participating companies committed to take actions against climate change risk.
E.SUN is currently ranked top in Taiwan financial sector by many international ESG rating institutions, such as Dow Jones Sustainability Index, MSCI ESG, FTSE4Good. In the future, E.SUN will continue to work together with customers, shareholders, and employees to make more positive impacts and create greater value for the society.
