Injecting Revival Energy into a Better Society and Earth

        The new world in the post pandemic era is facing unprecedented changes, and the evaluation of the global economic landscape by the industry, government, and academia is moving forward in revision. The already uncertain global situation has been added to by the conflict between Israel and Hamas and the attack on the US military in Jordan; The main growth engines affecting the global economy are under pressure, and the risk of extreme events has become a hidden concern. Faced with the various changes and complexities surrounding global politics, economy, industry, and climate change, it is urgent for us to continue building a warm and resilient Far Eastern International Bank.

                We are well aware that if we don't do enough today, we may face more complex and urgent challenges and obstacles in the future. Fortunately, sustainable value has become a common focus of Taiwan's industry, government, and academia in the short term. Faced with the mission of pursuing growth, enterprises are actively laying out the momentum of the three sustainable aspects of environment, society, and governance. In the context of the sustained instability of the overall environment, opportunities for sustainable economic growth such as artificial intelligence and clean energy are also expected.

        Far Eastern International Bank establishes the governance responsibility of the board of directors and senior management for environmental and social issues through the operation of the Corporate Sustainability Committee, and has received long-term recognition from objective third-party evaluation agencies, including regulatory authorities, for its successful implementation of corporate sustainability. Not only did it rank among the top 5% of listed companies in the 9th Corporate Governance Evaluation, but it also achieved the best rating of being among the top 25% of Bank of China in terms of fair hospitality evaluation. In trust promotion, small and medium-sized enterprise lending and other businesses, it was praised by the Financial Supervisory Commission as the top bank; In addition, Far Eastern International Bank has long been selected as a company in the Taiwan Sustainability Index and Taiwan High Salary 100 Index, and continues to be selected in the Taiwan Sustainability Index, Taiwan High Salary 100 Index, and Taiwan Employment 99 Index. At the same time, it has won awards such as the Asia Best Employer Award from the international human resources professional journal HR Asia, and is also a well-known Job Bank certified happy workplace.

        Sustainable operation is not only an operational strategy, but also the core value of a company. When the chaos and chaos of the world continue to affect the financial industry, Far Eastern International Bank adheres to the spirit of honesty, diligence, simplicity, prudence, and innovation while adapting quickly. It implements legal compliance and risk management, and follows the highest standards of integrity in all business interactions. It also includes corporate sustainability in all staff education and training courses, learning new knowledge about sustainability from the board of directors to grassroots employees.

        In addition, we leverage our core expertise in finance to extend our influence and develop ESG review mechanisms in accordance with the Equator Principles, systematically directing our financial flows towards the development of the green economy and strengthening the power of international green investment and financing. At the same time, we continue to deploy green product lines, including green building housing loan discounts, ESG fund application discounts, etc. We also expand the launch of preferential loan programs for electric vehicle owners, and innovatively plan to use environmentally friendly recycled materials to make employee uniforms, expand the boundaries of green procurement, connect capital investment for sustainable transformation and development, and strive to establish a green ecosystem of capital and industry. While it is important for a company to be committed to climate governance, only when industry, government, academia, various industries, and upstream, midstream, and downstream industries stand together and work together to run fast, can humanity surpass the earth. Hope for the speed of warming.

        In terms of public welfare participation, Far Eastern International Bank injects the spirit of corporate performance management. For 20 consecutive years, it has issued a humanistic and aesthetic monthly calendar, with Taiwan's bicycle lanes as the theme, to promote the government's low-carbon transportation construction and advocate for a low-carbon lifestyle attitude in daily life; As for the charity donation platform built to support the Eden Social Welfare Foundation, it has set a stable donation record for 26 years without interruption. In 2023, it will tour Far Eastern Department Stores across Taiwan through interactive donation devices to collect small donations from the public. The accumulated donation amount over the years is about to reach NTD1 billion, and it has become a model for establishing long-term partnerships between enterprises and non-profit organizations.

        Sustainability is not about staying the same, but about continuous innovation and the pursuit of progress. Far Eastern International Bank takes sustainable operation as its guiding principle, steady growth as its propeller, respects the natural environment, and continuously responds to the ever-changing climate change issues and social relations. Starting from the governance and management team leading by example, it enables every colleague to have a clear understanding of the company's broad vision. With the main axes of corporate governance, customer trust, happy workplace, environmental sustainability, humanistic aesthetic public welfare, etc., Far Eastern International Bank demonstrates plans and actions, achieves sustainable and inclusive growth while enhancing operational competitiveness and deepening ESG basic skills, and carries out multiple collaborative actions with industry, government, academia, and other stakeholders who share the same aspirations to inject recovery energy into a better society and the earth! (This article is reproduced from Far Eastern International Bank's 2023 Sustainability Report/Chairman's Words column)

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