TAIPEI, Taiwan--(BUSINESS WIRE)--E.SUN Financial Holding Co., Ltd. (E.SUN) registered as an inaugural Early Adopter of the Task Force on Nature-related Financial Disclosures (TNFD) in 2023, alongside the world’s environmental leaders. The TNFD will celebrate the announcement of the TNFD Early Adopters at the World Economic Forum annual meeting in Davos, Switzerland, on January 16th local time.
By becoming a TNFD Early Adopter, E.SUN will start making disclosures aligned with the TNFD Recommendations in our corporate reporting by financial year 2024. The company sees nature-related issues as a strategic risk management issue and believes the TNFD recommendations and guidance will support us in identifying and assessing our nature-related dependencies, impacts, risks, and opportunities. E.SUN released its “2021 Climate and Environmental Report” in 2022, which integrated the Task Force on Climate-related Financial Disclosures (TCFD) and TNFD Beta v.02 frameworks. The report has been recognized by the TNFD secretariat and is included as an example in the TNFD guidance for financial institutions. E.SUN also released its “2022 Climate and Environmental Report” in 2023, further improving disclosures towards final TNFD recommendations.
E.SUN is committed to climate and nature-related issues, striving to achieve Net-Zero by 2050 and “Nature Positive”. The company supports conserving endangered species, such as sea turtles and Formosan black bears, combining the ideals with our financial business to provide green financial products and services, including green loans and sustainable bonds. E.SUN has conducted the “E.SUN Maravi Rice” project for over ten years since 2014, promoting organic and eco-friendly agriculture practices in rice farming. Restoring farmland habitats improved aboriginal communities’ well-being and saw the return of endangered endemic species in Taiwan, Kikuchi’s Minnow, enhancing biodiversity. E.SUN shares the Maravi rice with customers and employees, conveying our value of natural environment protection and sustainable development.
E.SUN upholds sustainability as its core value and actively promotes environmental, social, and governance (ESG) initiatives. The company also participates in international initiatives, becoming the first Taiwanese bank to receive validation of Science Based Targets (SBT) in 2022. E.SUN has also joined the RE100, the Partnership for Carbon Accounting Financials (PCAF), and the Partnership for Biodiversity Accounting Financials (PBAF). Through innovative and professional financial products and services, E.SUN assists industries and customers in transitioning and directs capital flows toward environmental sustainability, working together to create a beautiful home in harmony with nature.
