Fubon Financial recognized for parenting-friendly policies across subsidiaries

Fubon Financial recognized for parenting-friendly policies across subsidiaries
Banking & Financial Services
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Richard M. Tsai Chairman, Fubon Financial | Fubon Financial Holding Co., Ltd.

Fubon Financial Holdings, along with its subsidiaries Fubon Life and Taipei Fubon Bank, received recognition at the second “Parenting-Friendly Enterprise Award” ceremony hosted by the Department of Labor of the Taipei City Government. This marks the second time both Fubon Financial Holdings and Fubon Life have been honored, while Taipei Fubon Bank received the award for the first time. The bank also won in the “Single Excellence Category - Childcare and Parental Support Network and Measures Project,” highlighting efforts to foster a workplace supportive of childcare.

Richard M. Tsai, Chairman of Fubon Financial Holdings, commented on these achievements: "Fubon Financial Holdings is actively implementing the four major ESG sustainability strategies established in 2021. In terms of creating a friendly workplace environment, the company is following the 'empowerment' strategy to continuously promote comprehensive employee care and build a workplace environment conducive to childcare, thereby enhancing the health and well-being of all Fubon employees. We are grateful for the recognition from the Department of Labor, Taipei City Government. In the future, Fubon Financial Holdings and its subsidiaries will persist in fostering a welcoming and inclusive work environment. We will enhance the physical and mental health of our employees by providing extensive care and support, demonstrating positive energy and setting an example for a joyful workplace."

The company reports that it continues to advance policies supporting diversity and inclusion at work. Employees are offered maternity leave totaling 10 weeks—more than required by law—plus additional prenatal leaves for both parents. A childbirth subsidy of NT$100,000 per newborn is provided, as well as increased annual childcare subsidies for children under six years old. In 2024 alone, over 4,800 individuals benefited from these measures with more than NT$172 million allocated.

In addition to parental benefits, starting in 2025, Fubon Financial Holdings plans enhancements to its employee stock ownership trust by introducing new contribution tiers based on job level. Annual public contributions are expected to surpass NT$800 million—an increase of more than 60% compared to previous years.

Fubon Life has signed a collective agreement with its union in May 2024 that includes labor conditions exceeding legal requirements. The company provides accident care funds for incidents occurring both at work and externally, occupational disease care funds, and continued support through stock ownership trusts. In 2024, over NT$100 million was distributed as maternity and childcare allowances supporting nearly 2,700 children of employees.

Fubon Life stated: "A company's competitive advantage is derived from its positive and engaged employees. It is essential for labor and management to establish a foundation of mutual respect and trust for sustainable development to occur. The various labor conditions and employee benefits that surpass legal standards are a tangible reflection of Fubon Life's commitment to employee care and support, ensuring their rights are thoroughly protected. This not only propels corporate progress but also serves as a significant reference point for the insurance industry. The company is dedicated to maintaining stable labor relations and a harmonious workplace, embodying the corporate philosophy of 'be positive enrich life.' Moving forward, Fubon Life will persist in promoting a diverse, equitable, and inclusive DEI corporate culture, aimed at enhancing employee well-being and engagement, while diligently pursuing the important mission of social sustainability, thus creating a happy enterprise that embodies 'healthy living, enjoyable work, joyful learning, and warm public service.'"

Taipei Fubon Bank continues efforts toward employee care with initiatives such as enhanced maternity leave policies since 2016 through its Maternal Health Protection Program for Female Employees. In 2024 alone it supported over 240 pregnant or postpartum staff members via consultations and educational seminars featuring experts in child-rearing fields.

The bank also supports community welfare by encouraging donations from employees—including school supplies—to indigenous children in remote areas each year since 2023.

Taipei Fubon Bank noted: "A child-friendly workplace environment is no longer an optional benefit for companies but a critical investment for sustainable business operations. Only when employees have no concerns can they fully commit to the company's goals and drive toward stable operations. The bank will continue to invest resources in improving the workplace environment to create a 'tangible sense of happiness' for its employees."