The Asia Responsible Enterprise Awards (AREA) 2023 is pleased to honor 78 outstanding business leaders and enterprises for championing sustainable and responsible business practices. Presented by leading regional NGO Enterprise Asia, the AREA is the most reputable award recognition program recognizing organizational efforts in creating a culture of compassion, integrity, and in being socially responsible corporate citizens. The AREA serves as a badge of excellence to spur further innovation and best-practice sharing for your organization and the world at large.
Farglory Life Insurance Co.,Ltd. (Fglife) was among the recipients who were conferred with the Social Empowerment and Corporate Sustainability Reporting Awards. Adhering to its management philosophy of “Empower Your Life”, Fglife strives to create a healthy, high-quality life for the people in Taiwan with its comprehensive protection services.
For its Social Empowerment Award, With the “Owl Conservation Programme: [One For The All] Environmental And Ecological Restoration” project, Fglife aims to implement the United Nations’ SDGs and focus on sustainable development rights for local communities and future generations. The project also intends to promote biodiversity and effectively protect the natural capital provided by ecosystems while also engaging with stakeholders, integrating resources from many areas, and fostering diverse partnerships.
Fglife has managed to create 6 non-toxic ecological fields in the Gaoshu Township in Pingtung County, and Dongshan District in Tainan City. This includes the installation of 10 raptor perches, ecological monitoring equipment, and the placement of 62 nest boxes. These actions are done alongside promoting improvements in pesticide use over an area exceeding 6.74 hectares.
The company has also managed to organize hands-on demonstrations of how perches work, to encourage farmers to embrace natural ecological farming methods and participate in eco-friendly cultivation. Under this project, Fglife purchased 1,000 Owl-branded Pineapple Cake Gift Boxes to support educational funds for children at NPO and bought 800kg of Owl-branded rice to be donated to vulnerable families through cooperation with a food bank. The company also works to foster a shared understanding among employees regarding environmental sustainability and cultivate service-oriented empathy through volunteer service.
For its Corporate Sustainability Reporting Award, the company delivers its core values by offering insurance that provides comprehensive protection that evolves with the times. Fglife’s corporate governance is centered around integrity and sustainable management, emphasizing risk management and compliance with regulations to enhance responsible investment value.
In terms of social co-prosperity, Fglife focuses on fair treatment of customers, digital innovation, employee care, and giving back to society, striving to enhance customer satisfaction and social impact. In terms of environmental sustainability, Fglife is committed to climate governance, promoting green supply chains, caring for ecological restoration, and reducing environmental impact in response to climate change. Combined, all these efforts work towards the company’s goal of Net Zero carbon emissions.
The company’s sustainable development efforts have developed a blueprint for corporate sustainability, establishing three major sustainable development strategies and goals based on health, low carbon emissions, and co-prosperity.
While maintaining steady growth, Fglife prioritizes the care and support of the public, policyholders, and employees. The company accelerates responsible investments, digital transformations, and climate risk assessments to enhance competitiveness and strengthen resilience in the face of risks. Fglife seizes opportunities in the rapidly changing landscape of sustainability, aiming to achieve its Vision of sustainability and co-prosperity.
In 2022, Fglife prepared its sustainability report in accordance with the 2021 GRI Standards, which were released by the Global Reporting Initiative (GRI). The report also references the Task Force on Climate-related Financial Disclosures (TCFD) and Sustainability Accounting Standards Board (SASB) for relevant disclosures on climate-related financial information. The report also underwent verification by the British Standards Institution (BSI), an independent third-party organization, to ensure the credibility of its content.
About Enterprise Asia
Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generation. Please visit https://www.enterpriseasia.org/ for more information.
About Asia Responsible Enterprise Awards (AREA)
The Asia Responsible Enterprise Awards program recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship in the categories of Green Leadership, Investment in People, Health Promotion, Social Empowerment, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. For more information, visit: https://enterpriseasia.org/area/.
