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.
Bank of Taiwan (BOT) was among the recipients who were conferred with the Social Empowerment (SE) & Corporate Sustainability Reporting (CSR) Awards. As a national bank wholly owned by the Taiwan Government, the Bank of Taiwan (BOT) is committed to supporting sustainable economic growth. With its relentless pursuit of the best financial solutions for the government and various industries, the company supports its country in its efforts to move steadfastly toward a strong economy that thrives on creativity, innovation, and technology. Its operating locations are distributed across Taiwan and has overseas deployments that span five continents.
Additionally, BOT has always considered social care as one of its responsibilities. The company has been committed to developing professional and comprehensive financial services and providing these services to disadvantaged groups who traditionally have difficulty obtaining financial services, thus realizing its Vision and commitment to inclusive finance.
With the spirit of “promoting public welfare”, “protecting the disadvantaged” and “meeting customer needs”, BOT has developed its financial services through trust mechanisms, and initiated a project entitled “Care Trust Promoting Plans for the Disadvantaged”. This project was crafted with three core goals for success which are to protect the property security of vulnerable groups in society, care for the socially disadvantaged and stabilize society, and provide all-around trust services.
Besides that, BOT has adopted the motto “Drive Sustainable Growth” as the foundation of its sustainable development. BOT also works to improve its risk management system and the internal control and audit system to ensure information transparency and security as well as the fulfillment of its sustainable development goals.
For its achievements in Social Empowerment, BOT actively invests in the development of a range of social welfare trust products and runs special projects to take care of socially vulnerable groups by ensuring their living conditions, exploring and caring for their needs, helping them overcome life difficulties, and formulating customized trust contracts for these individuals to achieve professional property management and social welfare.
To provide trust services that can meet the real-world needs of the disabled and marginalized, BOT leverages to get subsidized resources from the government, and cooperates with social welfare organizations that provide professional services. Through cross-industry cooperation, BOT integrates various resources into its “Care Trust” initiative.
For its achievements in Corporate Sustainability Reporting, BOT actively follows domestic and international sustainability trends and frameworks to build its own sustainable development strategy. This strategy focuses on six major themes including responsible finance, environmental sustainability, corporate governance, employee care, customer rights, and social engagement in conjunction with the United Nations Sustainable Development Goals (SDGs). BOT is committed to its core competencies in finance by broadening its financial influence and looking forward to pursuing opportunities for sustainable development and evolving its business to create a prosperous society.
In response to the changes in population structure and social environment, BOT will continue to align itself with the development of government policies and will not only focus on the existing SDGs but also expand its scope of good health and well-being to provide more all-rounded trust services.
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/.