Sustainable Development
Environmental Sustainability
Green Operations
To enforce SDG 13 climate action, we try to reduce the impacts of our business activities on the environment and implement green operations in 6 areas, which are energy conservation and carbon reduction, water resources management, fuel management, waste management, green building, and green initiatives.
In addition to the Environmental Sustainability Task Force under the TCFHC Sustainable Development Committee, TCB, which is the profit engine and subsidiary with the largest network, created the Environmental Sustainability Section under the Administration Department in February 2022 to be responsible for environmental sustainability tasks for the purpose of expanding the environmental sustainability efforts. The purpose of the section is to enforce low carbon management in the Group and increase resource efficiency and follow a vertical integration approach to systematically mitigate or adapt to the effects of climate change.
Energy Conservation & Carbon Reduction
Global warming has not only changed the ecosystem, but also had far-reaching impacts on the everyday life in recent years. If humans continue to ignore the imminent crisis and keep on with unstrained energy and resource consumption, global warming will become worse and cause irreversible damages to the ecosystem. In an attempt to slow down climate change, TCFHC actively manages GHG emissions and participates in limiting global warming to 1.5°C for a sustainable future.
- GHG Emissions
TCFHC and all head offices of its subsidiaries passed the “ISO 14064-1 Greenhouse Gas Inventories” certification in 2021. The new (2018) GHG Inventory was introduced for the first time, and Scope 3 certification was also added. TCFHC and its subsidiaries will continue to complete GHG inventories according to ISO 14064-1 standards every year. Furthermore, TCFHC has promised to finish taking inventory (Scope 1 and 2) of all domestic and overseas offices by the end of 2022 in order to get an overview of GHG emissions and make improvement. TCFHC expects to set GHG reduction targets (Scope 1 and 2) by the end of 2022.
- TCFHC Group GHG Emissions in the Past 4 Years
- TCFHC Group Energy Consumption in the Past 4 Years
Faced with the effects of global warming and climate change, TCFHC is actively exercising its influence as a financial institution and implementing stronger climate risk management in order to continue to fulfill the Group's commitment to environmental sustainability and reduce negative impacts of its business activities on the environment. Meanwhile, TCFHC is introducing international standard management systems to achieve resource management, plastic reduction, waste reduction, and energy conservation and carbon reduction.
In 2021, TCFHC continued to implement carbon reduction and encourage employees to take public transport instead of taking a car or motorcycle when commuting or traveling on business. TCFHC also encourage employees to replace in-person training and meetings with video conferencing. The saving was estimated to be 488.53 tCO2e, which was equivalent to the amount of carbon absorbed by 1.26 Daan Park over a year. In addition, 101 energy efficient vehicles were leased as company cars in order to reduce carbon emissions.
Furthermore, regarding solar power, TCB headquarter building is now equipped with a solar power generation system. It generated a total of 28,346 kWh of electricity in 2021, and reduced carbon emission by 14.23 tCO2e Note. Meanwhile, the Xinzhong Branch and the Xinxing Branch installed new solar power systems that generated 41,610 kWh and 58,035 kWh, respectively. All of the electricity was sold to the Taiwan Power Company. The generated electricity will be planned for selfuse in the future.
Furthermore, regarding solar power, TCB headquarter building is now equipped with a solar power generation system. It generated a total of 28,346 kWh of electricity in 2021, and reduced carbon emission by 14.23 tCO2e Note. Meanwhile, the Xinzhong Branch and the Xinxing Branch installed new solar power systems that generated 41,610 kWh and 58,035 kWh, respectively. All of the electricity was sold to the Taiwan Power Company. The generated electricity will be planned for selfuse in the future.
Note: Based on 0.000502(tCO2e/ kWh), the electricity carbon emission factors for 2020 released by the Bureau of Energy of MOEA.
Water Resources Management
Fuel Management
Waste Management
To reduce environmental impacts and achieve resource sustainability, TCFHC Group implements waste management measures and enforces the 3R policy, which is Reduce, Recycle, and Reuse. The policy is intended to recycle and reuse more waste. A total of 300.23 tons of waste were generated in 2021. In terms of recycling, a total of 130.63 tons of paper (equivalent of 3,135 trees) were recycled in 2021. With a total of 48.06 tons of other categories (bottles, cans, and aluminum cans) recycled, a total of 178.69 tons of resources were recycled. The reduction target set in 2021 specified a reduction compared to 2020 of 2% (approximately 234.10 tons) in waste processed. In addition, a reduction target for 2022 to 2026 was set to reduce waste processed by 2% every year compared to the baseline year.
Food waste was added to the list in 2021. Food waste at each unit is measured every month. TCFHC Group produced a total of 30.25 tons in food waste. 2021 is selected as the baseline year for setting reduction targets for 2022.
Food waste was added to the list in 2021. Food waste at each unit is measured every month. TCFHC Group produced a total of 30.25 tons in food waste. 2021 is selected as the baseline year for setting reduction targets for 2022.
Green Building
TCB head office is built according to the four benefits of green buildings, “Eco-friendly, Energy Saving, Waste Reducing, and Healthy”. Environmentally friendly, energy saving and other green building related designs were introduced into the plan. The building received another EEWH Silver Label from the Ministry of Interior in 2018. The head office along with the Zhonghe Branch that received certification in late 2020 give TCB 2 offices with EEWH certification.
Green Initiatives
Earth Hour Lights Off
In 2022, TCFHC Group participated for the first time in the world's largest voluntary carbon reduction movement, Earth Hour, and turned off unessential lights for one hour between 8:30pm and 9:30pm on March 26. Furthermore, in order to expand the scope and benefit of energy conservation and carbon reduction, TCFHC started voluntarily turning off all vertical/horizontal signs and unessential lights at all offices in March 2022. In response to global climate change, the Company urges everyone to turn net zero into everyday activities in order to save the Earth.
Signing Environmental Initiatives
Given the value of river resources, TCB supported CommonWealth Magazine's Tamsui River Convention and organized beach cleanups and implemented green procurement. TCB makes an effort to contribute to the sustainability of Taiwan's rivers by making a commitment to plastic and waste reduction.
Supporting Sustainability Week - Communicate with Public on Sustainability Topics
TCB worked together with Paper Windmill Arts and Educational Foundation and the Legislative Yuan Sustainable Development Goals Advisory Council on the 2021 Taiwan Sustainability Week. The campaign presented the 17 UN SDGs to the population through fun shows and interactive games. Parents were able to bring their children to learn about sustainability together. The goal was to expose children to sustainability at an early stage so to make it part of their everyday lives.
Better Environmental Education
Climate change is attracting a lot of attention to issues such as water resources and marine ecosystems. TCFHC Group, in addition to arranging expert talks and courses for executives and new hires, send the sustainability newsletter, “ESG Classroom”, by email to all employees every month. The purpose is to use environmental education and campaigns to raise awareness of environmental conservation and sustainability in employees and work together to protect the environment.
Promoting Low Carbon Diets
TCFHC started promoting “TCFHC Group Vegetarian Day” in 2019. The event encourages employees to carry their own utensils and reduce the use of plastic utensils and by extension the burden on the Earth. Vegetarian Day was expanded in 2021 and changed from 1 day a month to 2 days a month (the 1st and 15th days on the lunar calendar). In 2021, 34,940 people participated in the event and together reduced carbon emissions by 2.66 tCO2e.
Christmas Lights from Discarded Sports Equipment - Sustainability in Sports
In 2021, the TCFHC badminton team spent four days on design, material collection, handmade decoration, scaffolding setup and final touch and created the world's 1st Christmas tree decorated entirely with discarded rackets and birdies. Lights on the tree were turned on at the Tianmu Training Center in early December. This symbol of recycle and reuse watched over the athletes while they practiced for their games. Sustainability became part of the holiday message.
Green Initiatives and Results
TCB achieves green procurement and energy conservation and carbon reduction through various green initiatives. Major energy conservation and carbon reduction projects in 2021 included “TCB energy conservation and carbon reduction” and “lights replacement”. They also provided an opportunity to help employees learn about effective use of new power equipment and raise awareness of energy and environmental conservation. A total of NT$11.3313 million was expected to be invested in energy conservation and carbon reduction projects in 2021 and save a total of 777,699 kWh in power consumption, which was the equivalent of 390.4 tCO2e and a saving of NT$2.7997 million. The average payback period was 4.05 years.
Note: Average payback period = Expected investment/Expected power savings.
