The Chairman of CUB
Ming Jian Kuo
CUB adheres to the concept of social welfare and is committed to providing high-quality financial products and services. By leveraging its core financial functions, CUB fulfills its corporate social responsibility and actively responds to sustainable policies promoted by regulatory authorities, thereby exerting financial influence.
Chairman's Message
In 2023, as the world gradually recovered from the impact of the pandemic, issues such as inflationary pressures and escalating geopolitical risks continued to bring uncertainty to the market, posing more challenges for business operations and management. As a member of the Coalition of Movers and Shakers on Sustainable Finance led by the FSC, CUB adheres to the concept of social welfare and is committed to providing high-quality financial products and services. By leveraging its core financial functions, the Bank fulfills its corporate social responsibility and actively responds to sustainable policies promoted by regulatory authorities, thereby exerting financial influence.
Aligning with Cathay FHC's sustainable strategy blueprint, the Bank focuses on three major development pillars: "Climate, Health, and Empowerment." We are committed to realizing the objectives of these pillars through six dimensions: "Low Carbon Economy," "Environmental Sustainability," "Physical and Mental Health," "Financial Health," "Workforce Empowerment," and "Social Impact." Additionally, we actively monitor international trends and dynamics. In 2015, the Bank was the first among Taiwanese financial institutions to sign the Equator Principles, an international framework for environmental risk management in financing projects. In 2018, we further demonstrated our commitment to sustainability by voluntarily adopting the United Nations Principles for Responsible Banking (PRB). This move positions us as a practitioner and promoter of sustainable banking. Through collaborative efforts with stakeholders, we are committed to advancing sustainable finance initiatives.
CUB, unified as one entity, incorporates sustainability into its daily operations and has received recognition both domestically and internationally. In the area of "Climate," the Bank is dedicated to promoting sustainable investment and financing projects. This dedication has earned the Bank four prestigious awards, including "Renewable Energy Deal of the Year" from "The Asset". In terms of "Empowerment," the Bank places great emphasis on talent development and diversity, earning 11 awards, including the "Awards for Great Employers" from "The Stevie Awards". This makes it the only Taiwanese company to win in that category. In the area of "Health," the Bank plays a crucial role in safeguarding the financial health of the public and promoting financial inclusion and anti-fraud initiatives. Its efforts in preventing fraud have been recognized by the Taiwan Academy of Banking and Finance - Elite Awards. In 2023, the Bank successfully prevented over 1,800 fraud cases, amounting to 1.28 billion, which make it the Bank with the highest fraud prevention rate for the year. Moreover, in an overall assessment, the Bank was ranked in the top 20% of banks in the first-ever "Sustainable Finance Evaluation" held by the FSC in 2023. This evaluation recognized the Bank's sustainability efforts across various dimensions, leading to multiple awards domestically and internationally.
As a pioneer in sustainable finance, CUB upholds a people-centric approach and considers "corporate sustainability" as the core of its development. The Bank practices sustainability in full force through diverse actions, leveraging its accumulated experience and achievements. It continues to explore and lead in more diverse possibilities while ensuring the interests of shareholders, employees, and other stakeholders. By continu ously leveraging its financial influence, the Bank aims to prosper together with society, creating a more friendly and beautiful environment for future generations.