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Turning off lights to protect the Earth: Bank of Taiwan forges a green future with you

2024/04/23
1130423-Turning off lights to protect the Earth Bank of Taiwan forges a green future with you

The Bank of Taiwan places a strong emphasis on environmental sustainability. Since 2021, it has actively participated in the Earth Hour lights-off event, echoing the global trend toward net zero emissions. By simultaneously switching off the sign lights at 165 branches nationwide, the bank symbolically highlights the significance of preserving the Earth’s ecological balance. Employees are also encouraged to continue this energy-saving practice at home. Moreover, in 2024, the bank introduced an electronic form for the event, widely promoted through social media channels, inviting both customers and the public to support online advocacy and integrate environmental protection into everyday life. Small acts of energy conservation can make a positive impact on the environment and contribute to our planet’s health.

The bank actively engages in the global voluntary carbon reduction initiative “Earth Hour” organized by the World Wide Fund for Nature (WWF). On March 23, from 8:30 PM to 9:30 PM, sign lights and unnecessary lighting devices at all branches and offices across Taiwan were turned off to reduce energy usage. Since March 18, customers have also been encouraged to join the effort. To amplify the impact of the event, the bank warmly invited customers to support the “You Advocate, We Plant Trees” campaign online via the link or QR code. For every 1,000 advocates, the bank pledged to plant a sapling, aiding in carbon absorption, air purification, and greenhouse gas reduction. By the campaign’s conclusion, over 28,000 people had supported the initiative, collectively striving for a sustainable and mutually beneficial global ecosystem.

The bank actively takes concrete actions to foster a greener, low-carbon environment, supporting policies that promote renewable energy and environmental sustainability. Through the efforts of the Environmental Sustainability Subcommittee under the Corporate Sustainability Development Committee and the collective strength of its branches, the bank has completed the inventory and verification of greenhouse gas emissions (ISO 14064) for all operational sites. It has also expanded the adoption of green building certification and obtained the Building Energy Efficiency Assessment for its branches. Additionally, following the introduction of green electricity at both the headquarters and the Wuchang Branch in 2023, the bank has gradually developed plans to further expand its usage this year. Procurement of renewable energy for the bank’s headquarters has already been accomplished, with an annual consumption of 4 million kilowatt-hours of green electricity. The total procurement of green electricity now stands at 6.5 million kilowatt-hours. The bank is committed to supporting the government’s net-zero emissions goal. As one of the first carbon credits buyers on the trading platform established by the Taiwan Carbon Solution Exchange, the bank actively supports Taiwan’s carbon emissions trading system, promoting green ecosystems and mitigating the impacts of climate change through concrete actions.

As the impacts of climate change become more pronounced, the bank is taking tangible actions to fulfill its commitment to environmental sustainability, such as formulating corporate strategies, prioritizing responsible investments, and adhering to principles of responsible banking and the Equator Principles. Through its financial influence, the bank aims to guide enterprises toward achieving net zero emissions, collaborating to forge a brighter future for the planet, and actively contributing to a sustainable society.