Fubon Life's Task Force on Climate-related Financial Disclosures (TCFD) Report Received an Excellent Rating from National Chengchi University

Fubon Life continues to deepen its climate governance and actively strengthens risk identification and strategic resilience. Its recently released Task Force on Climate-related Financial Disclosures (TCFD) report has been recognized by the Center for Business Sustainability at National Chengchi University in its "TCFD Report Assessment" with excellent rating. Furthermore, establishing a corporate culture centered on "giving back to society as a core business principle," Fubon Life specially organized "The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) Lecture," and invited independent director Professor Shuofen Hsu to deliver the lecture.

Shr-Iue Chen, President of Fubon Life, stated that Fubon Life actively practices responsible investment and environmental sustainability initiatives, investing in ESG-themed portfolios while conducting risk assessments for high-carbon-emission industries. The company has fully implemented ISO environmental management standards, established energy-saving and carbon-reduction metrics and targets, and continuously optimized operational efficiency. Furthermore, businesses must address and manage risks associated with "social inequality." Fubon Life organizes seminars to help mid-to-senior management understand the impact of social inequality on business operations. It encourages all departments to proactively develop future response plans, collectively exploring how to implement fair customer treatment in a digitally innovative society. This ensures Fubon Life remains at the forefront of international financial trends.

Fubon Life's Task Force on Climate-related Financial Disclosures (TCFD) report has garnered an excellent rating from the TCFD report assessment conducted by National Chengchi University

Fubon Life systematically disclosed its climate governance framework and risk management mechanisms in its Task Force on Climate-related Financial Disclosures (TCFD) report. Through scenario analysis, it assessed the impacts of climate change on investment, financing, and operational levels, and established metrics and targets to implement climate risk management and response measures. The company received recognition from the Center for Business Sustainability at National Chengchi University in its "TCFD Report Assessment" with excellent rating and was invited to share its drafting experience.

Fubon Life continues to implement the "Principles for Responsible Investment (PRI)" and actively participates in initiatives such as the Partnership for Carbon Accounting Financials (PCAF), the Asia Investor Group on Climate Change (AIGCC), and Climate Action 100+ (CA100+). By collaborating with global financial institutions, we promote a transformation to net-zero emissions. Furthermore, through the SBTi review, Fubon Life has committed to achieving 100% renewable energy usage (RE100) by 2040, with a long-term goal of net-zero emissions by 2050, demonstrating its commitment to global sustainable development.

"The Taskforce on Inequality and Social-related Financial Disclosures Lecture" is organized to address the issue of "social inequality"

In recent years, from the pandemic to tariffs, various industries have faced significant disruptions, directly impacting people's cost of living. For the insurance sector, inequalities in healthcare resources may heighten public health crises, leading to a sharp rise in claims risks for life and health insurance policies that are increasingly difficult to predict. Addressing social inequality is not merely a moral challenge. Recognizing and managing risks associated with social inequality is no longer an optional course but a mandatory requirement for businesses pursuing long-term stability and sustainable development. Fubon Life is hosting a special lecture titled "The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) Review of Fair Customer Treatment Practices." This lecture will be attended by mid to senior-level executives and features independent director Professor Shuofen Hsu as a guest speaker. She will provide a clear and engaging introduction to the TISFD framework, its development trends, and theoretical foundations. The discussion will focus on the sustainable development of the social aspects of the life insurance industry in Taiwan and Japan, using systematic, organized, and lively examples to illustrate how to examine the principles of fair customer treatment in the insurance industry through inequality and social-related financial disclosures.

TISFD is a human-centered financial disclosure framework created by merging the Taskforce on Inequality and Social-related Financial Disclosures (TISFD) and the Task Force on Social-related Disclosure (TSFD). It is the latest international standard that incorporates social aspects (S) into financial disclosure guidelines focused on risk. TISFD asserts that companies have a responsibility to identify risks arising from social issues such as gender inequality, wealth disparity, and labor rights violations, and to take appropriate actions. In contrast to climate change, which has already been integrated into IFRS sustainability disclosure requirements, issues of inequality and social matters will become the relevant disclosure requirements in the future. The entire financial and insurance industry must pay close attention to subsequent developments.