Cathay Financial Holding Co., Ltd..
2882.TWSE | Activities of holding companies
Cathay Financial Holding Co., Ltd. is a Taiwan-based financial holding company. The company's main activities include banking, life insurance, property and casualty insurance, securities, and asset management. It operates through various subsidiaries, including Cathay Life Insurance, Cathay United B...Show More
Better Health for All
-10
Cathay Financial Holding Co., Ltd.'s core business activities, such as banking, insurance, securities, and asset management,
1
are generally health-neutral, resulting in no significant positive or negative direct health impact from its principal goods or services. There is no evidence of revenue generated from products or activities with well-established negative health outcomes. The company offers a premium health check-up package to affluent Cambodian cardholders, but this is not broadly accessible and does not provide information on pricing relative to median income or cost-plus pricing.
2
The company mentions a 'Youth Mental Wellbeing Fund' as part of its sustainability focus,
3
but provides no details on its funding, scope, or impact, indicating basic recognition with limited practical support.
Fair Money & Economic Opportunity
0
No specific, concrete data points were found in the provided articles for Cathay Financial Holding Co., Ltd. (2882.TWSE) that are relevant to the 'Fair Money & Economic Opportunity' ethical value. Articles
1
,
2
, and
3
, which pertain to 2882.TWSE, explicitly state they do not contain information related to the specified KPIs.
4
5
6
provides information for Mega Financial Holding Co., Ltd. (2886.TWSE) and is therefore not applicable to the company being assessed.
7
Fair Pay & Worker Respect
0
No specific, concrete data points were found in the provided articles for Cathay Financial Holding Co., Ltd. (2882.TWSE) that are relevant to the 'Fair Pay & Worker Respect' KPIs. The articles mention various regulatory fines against Cathay United Bank and Cathay Securities for breaches of banking, insurance, or securities laws, but these are not classified as labor-law or human-rights violations.
1
Information pertaining to other companies (Auden Technology or Mega Financial) was not used as evidence for Cathay Financial Holding Co., Ltd.
Fair Trade & Ethical Sourcing
0
Cathay Financial Holding Co., Ltd. is a financial services company.
1
The provided articles do not contain specific, quantitative evidence related to physical supply chains, procurement of commodities, fair-trade certifications, supplier audits, forced/child labor incidents in the supply chain, supply chain traceability, remediation speed for supply chain violations, or spend on high-risk materials or diverse suppliers. The company's core business activities (banking, insurance, asset management) do not typically involve the procurement or trade of physical commodities or extensive supply chains that would be subject to the specific metrics of this rubric. Therefore, all KPIs are assigned a score of 0, indicating N/A as per the rubric's definitions for a company of this nature.
Honest & Fair Business
-30
Cathay Financial Holding Co., Ltd. has a whistleblower system in place with reporting channels, procedures, and protection for involved parties, and confidentiality is maintained.
1
The company has had zero financial restatements in the past five years.
2
An Anti-Bribery Policy is in place, with 909 participants receiving business integrity and ethical conduct training in 2022.
3
The company's 2021 ESG Integration Report was assured by accounting firms, and it completed assurance standards for its full CSR report in 2018.
4
Approximately 60% of the board members are independent directors.
Kind to Animals
0
The company, Cathay Financial Holding Co., Ltd., is a financial holding company whose core business activities are banking, life insurance, property and casualty insurance, securities, and asset management.
1
These operations do not typically involve animal testing, animal agriculture, or direct wildlife conservation. While some articles mention initiatives by subsidiaries of subsidiaries (e.g., Cathay Pacific's sustainable seafood sourcing and embargoes on wildlife trafficking, or Cathay Real Estate's hotels using cage-free eggs and receiving an animal welfare label), this evidence does not apply to the entire financial holding company's products or operations.
2
There is no explicit, quantifiable data for Cathay Financial Holding Co., Ltd. or its core subsidiaries that directly addresses any of the 'Kind to Animals' KPIs, such as cruelty-free certifications, animal testing, humane certifications for animal operations, wildlife conservation impact, ethical input substitution, or animal-related supplier audits. Therefore, no KPIs can be scored based on the provided evidence.
No War, No Weapons
0
The provided articles for Cathay Financial Holding Co., Ltd. (2882.TWSE) do not contain specific, quantifiable evidence related to the 'No War, No Weapons' ethical value.
1
The company's sustainability reports and policies focus on general ESG integration, environmental responsibility, human rights, and corporate governance, but they do not explicitly address involvement in the defense industry, arms contracts, dual-use technologies, sales to embargoed regimes, peacebuilding investments, or specific ethical red lines concerning weapons.
2
Therefore, no KPIs under this value can be scored based on the available information.
Planet-Friendly Business
-50
Cathay Financial Holding Co., Ltd. has SBTi-approved targets covering Scope 1, 2, and 3 emissions, including a 42% reduction in Scope 1 and 2 by 2030 from a 2020 baseline and a 69% reduction in Scope 3 by 2035 from a 2019 baseline, with defined interim target years.
1
The company aims to achieve net-zero emissions by 2050.
2
Cathay FHC has fully adopted the TCFD framework, published its first TCFD Report in 2022, and integrates climate risk into its enterprise risk management.
3
It conducts comprehensive climate scenario analysis, including 1.5°C, 2°C, and 3°C+ pathways, linking these to strategic planning. The company reported zero environmental compliance violations. Cathay FHC has a formal zero-deforestation policy with bans on new investments in companies with a coal share of revenue (CSR) above 30% since 2023, lowering to 20% from 2025, and 15% for OECD countries from 2030.
4
The company committed in 2017 to comply with green building standards and obtain EEWH certification for new buildings, with a goal for its New Bade headquarters to obtain dual gold-level EEWH and LEED green building certifications by 2026.
5
Respect for Cultures & Communities
0
The company has no reported cultural appropriation incidents.
1
No other specific, quantitative evidence is provided in the articles to assess performance against the remaining Key Performance Indicators for 'Respect for Cultures & Communities'.
Safe & Smart Tech
0
No evidence available to assess Cathay Financial Holding Co., Ltd. on Safe & Smart Tech.
Zero Waste & Sustainable Products
0
The provided article pertains to Mega Financial Holding Co., Ltd. (2886.TWSE), not Cathay Financial Holding Co., Ltd. (2882.TWSE).
1
Therefore, no specific evidence for Cathay Financial Holding Co., Ltd. regarding waste management, product sustainability, or related initiatives could be found in the provided materials.
2