Cathay Life leads the industry in participating in initiatives and activities from international organizations. Furthermore, Cathay Life also uses the power of investment to conduct in-depth engagements with investee companies and urge other insurance companies to implement Principles for Responsible Investment (PRI), in hopes that our investee companies and other insurance companies can also jointly campaign for and respond to sustainability issues.
Scroll
Worked with international investors, cooperated with 9 international initiatives, 5 climate engagements, and 2nature engagements. ①
Organize the Climate Change Forum, The listed companies which participated in the forum accounted for82% of Taiwan market capitalization.①
Through one-on-one engagements, Cathay Life communicated with140companies for a total of 328 times.①
Participating in international initiatives to keep track of international trends ahead of time
Asia Investor Group on Climate Change (AIGCC)
Cathay FHC is a founding member of AIGCC and the earliest member from Taiwan. Cathay Life and Cathay FHC also joined six working groups under AIGCC, including “Paris-aligned Investment”, “Engagement and Policy”, “Physical Risks and Resilience”, “Energy Transition”, “Forest and Land Use”, and “Asset Owner,” where they work with international investors to study climate-related risks and opportunities, and construct Asian investment frameworks based on climate change.
Ceres Valuing Water Finance Task Force
In recent years, climate change has indirectly changed the water cycle and precipitation. In addition, the World Economic Forum's Global Risks Report has listed water crisis as one of the top risks in terms of global impact for many consecutive years since 2012. Cathay Life and Cathay FHC joined the Ceres Valuing Water Finance Task Force in September 2020 to stay up-to-date on global trends in water resources, and understand the water resource risks and opportunities of various industries, so that Cathay Life can protect itself from related risks and increase the resilience of its investments when facing the challenges of water resources. We worked with institutional investors around the world in formulating water resource action plans, and completed a preliminary study in mid-2022, which will serve as the foundation for subsequent engagement with institutional investors and companies.
Asian Corporate Governance Association (ACGA)
Both Cathay Life Insurance and Cathay FHC joined the ACGA in 2024 in order to become more globally aligned in terms of corporate governance, social aspects, and enhance our engagement capabilities. Through participation in the annual meeting, we learned about corporate governance of companies in Asia and explored the impact of related trends on the Asian market. Content discussed include: Stewardship, shareholder activism, independent directors, transparency of remuneration, corruption and fraud, challenges brought about by artificial intelligence, nationally determined contributions (NDCs), and transition plans.
