Unlocking the Sustainable Future: Cathay's Visionary Summit Paves the Way

Cathay Financial Holdings (Cathay FHC) has been at the forefront of the sustainability movement, hosting the "Cathay Sustainable Finance and Climate Change Summit" for eight consecutive years. This year's event, themed "Net Zero Transition Competitiveness," brought together global and domestic experts to develop innovative strategies and solutions for corporate sustainability. The summit's record-breaking attendance underscores the growing urgency and commitment of the Taiwanese business community to address climate change and drive a sustainable future.

Powering the Green Transition: Cathay's Pioneering Role

Catalyzing Sustainable Finance

Cathay FHC has been a trailblazer in the realm of sustainable finance, earning recognition both domestically and internationally for its initiatives. The company's proactive measures, such as being the first to provide offshore wind power financing and purchasing REC-bundled green electricity, have set the tone for the industry. The summit's panel discussions delved into the latest trends in carbon pricing, climate actions, and the development of Taiwan's sustainable finance landscape. Experts from the financial and academic sectors shared insights on aligning corporate disclosures with the IFRS Sustainability Disclosure Standards, empowering businesses to navigate the evolving sustainable finance landscape.

Driving Energy Transition

The summit's focus on "Energy Transition" highlighted the critical role of energy and capital in achieving net-zero goals. Keynote speaker Sam Kimmins, Climate Group's Energy Director, analyzed international energy transition trends and Taiwan's renewable energy development, underscoring the challenges faced in promoting Power Purchase Agreements (PPAs). The comprehensive panel discussion on "Towards Net Zero: Strategic Planning for Energy Transition" brought together industry leaders to explore strategies for public-private collaboration and achieving net-zero economic goals.

Navigating the Net-Zero Transformation

The summit's final segment delved into the "Industry Transformation Challenges and Opportunities in a Net Zero Economy." Experts from various sectors shared their experiences and insights on how industries can respond to the complexities of transitioning to a net-zero economy. The panel discussions explored practical solutions and innovative approaches to help businesses overcome the obstacles and capitalize on the opportunities presented by the net-zero transition.

Cathay's Commitment to Sustainable Action

Cathay FHC's unwavering commitment to "Sustainable Finance in Action" is a testament to its leadership in addressing global climate challenges. By 2050, the company aims to achieve 100% renewable energy use across its global operations, positioning itself as a climate finance trailblazer. Cathay FHC's multifaceted approach, encompassing investment and financing in renewable energy, collaboration on renewable energy innovation, and innovation in core competency services, underscores its pivotal role in driving cross-industry energy transition.The 8th Cathay Sustainable Finance and Climate Change Summit has once again demonstrated Cathay FHC's visionary leadership in the sustainability space. By convening global and domestic experts, the company has fostered a collaborative platform for developing innovative strategies and solutions to tackle the pressing challenges of climate change and energy transition. As Cathay FHC continues to lead by example, its commitment to sustainable finance and climate action will undoubtedly inspire and empower businesses and communities alike to embrace a greener, more resilient future.