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 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.
Ms. Shi-Kuan Chen was among the recipients who were conferred with the Responsible Business Leadership Award. Whereas, SinoPac Financial Holdings Company Limited (SinoPac) won the Social Empowerment, Investment in People, Green Leadership, Corporate Governance, and Corporate Sustainability Reporting Awards.
Ms. Chen is the Chairman of SinoPac. Carrying the gentle and firm leadership qualities of women and a steady and forward-looking business philosophy, she cultivates the company with solid sustainable governance. Ms. Chen actively establishes a top-down culture of sustainability and deepens the governance and supervision of the Board over the company’s sustainable development.
For its Social Empowerment Award, SinoPac achieved an SROI analysis result of 2.66 for its “Let’s Go to the Theatre” event. The event encourages students to enter the arts and culture center to enjoy performances, the company looks forward to narrowing people’s distance to art through relaxed and interesting art performances that can still promote social and cultural power.
For its Investment in People Award, the percentage of digital technology professionals in the company’s major subsidiaries has increased from 9.2% in 2019 to 10.4% by the end of 2022. Moving forward, SinoPac aspires to achieve an overall 11% ratio of digital technology professionals to total employees within the company.
For its Green Leadership Award, one of the company’s more noteworthy achievements is that at the end of 2022, its subsidiary, Bank SinoPac has accumulatively financed 7,409 solar energy plants in Taiwan with a total installed capacity of 2,832.35 MW. This allowed the company to gain a leading position in the market.
For its Corporate Governance Award, among the achievements of the company’s “Fulfillment Of Trustworthy Governance- Corporate Governance Strategy” project is the complete formulation and implementation of long-term strategic indicators on the five key topics of corporate governance. This is guided by a diverse Board of Directors with various skills and knowledge specialties to share and combine perspectives.
For its Corporate Sustainability Reporting Award, SinoPac upholds its Vision of “Fulfillment of a Beautiful Life Through Finance” and provides complete financial solutions with sincerity, integrity, and professionalism. In 2022, the Board of Directors of the company approved the pledge to achieve Net Zero emissions in its own operations by 2030 and the entirety of its financial portfolios by 2050. The company has also been maintaining open communication with various stakeholders on its sustainability progress as the company moves forward. Ms. Chen’s leadership and SinoPac’s top-down application of resources and cross-company dedication to sustainability have been recognized in domestic and international evaluations and have won the company multiple sustainability awards.
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/.