Yuanta Group recognized for top-tier performance in sustainable finance

Yuanta Group recognized for top-tier performance in sustainable finance
Banking & Financial Services
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Daniel Y.M. Song Director | Yuanta Financial Holding Co., Ltd.

Taiwan's Financial Supervisory Commission (FSC) has recognized the Yuanta Group for its commitment to sustainable finance. Three of its subsidiaries, Yuanta Securities, Yuanta Bank, and Yuanta Funds, have been ranked in the top 25% of their respective industries in the FSC's Sustainable Finance Evaluation. This evaluation aims to encourage financial institutions to act as benchmarks for sustainability.

Yuanta Securities has launched several initiatives including "Mr. Investor APP," Taiwan's first zero-carbon app in the securities industry that has passed international carbon neutrality verification. It also offers an online investment service that has received a carbon label from the Ministry of the Environment. The company plays a significant role in issuing green energy-linked warrants and organizing sustainability bonds, and it serves as lead underwriter for Taiwan's first sustainability-linked bond.

Yuanta Bank has introduced an internal carbon pricing mechanism to promote green lending and sustainability-linked loans. It prioritizes fair customer treatment and fraud prevention through innovations like the "Skynet AI Fraud Detection Model." In 2024 alone, this model helped prevent NT$490 million in fraud losses. Additionally, Yuanta Bank is pioneering efforts such as the "Diamond-Gold Carbon Lucky Account" and promoting electronic payment tools to enhance public awareness of carbon reduction.

Yuanta Funds is advancing paperless services with products like "Mr. Yuanta Funds" and supports small-value investment programs through partnerships with electronics companies. The company initiated tripartite engagement among investors, investees, and index compilers back in 2022, aiming for internationalization and sustainable development within its operations.