The Asia Responsible Enterprise Awards (AREA) 2024 is pleased to honor Farglory Life Insurance Co.,Ltd. as an outstanding business that champions sustainable and responsible business practices. Presented by leading regional NGO Enterprise Asia, 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. (Farglory Life Insurance) was among the recipients who were conferred with the Social Empowerments and Corporate Sustainability Reporting awards.
The company has demonstrated a strong commitment to operational resilience and consistent profitability. The company’s core values revolve around providing evolving insurance protection while upholding principles of integrity and sustainable management. Farglory Life Insurance integrates comprehensive risk management and regulatory compliance into its operations to enhance its responsible investment practices and overall business sustainability.
In addition to its environmental initiatives, Farglory Life Insurance has launched the “Take a Breath, Empowerment” Family Caregiver Service Program. This program was established to support family caregivers who face significant emotional and physical challenges due to their intensive caregiving roles. The program offers various services, including nutritional consultations, barrier-free medical transportation, art therapy workshops, baking courses, and micro-insurance coverage, all designed to address caregivers’ diverse needs and affirm their self-worth.
Over its five-year implementation, the Family Caregiver Service Program has achieved significant milestones. It has organized 195 respite classes, 14 charity stage plays, and collaborated with 75 non-profit organizations and 6 government entities, benefiting a total of 8,168 individuals. Specific services provided include nutritional support for 66 households, barrier-free medical transportation for 151 households, and medical care assistance for 204 households. Additionally, 7,800 care recipients have received basic accident insurance coverage.
Farglory Life Insurance places a strong emphasis on stakeholder engagement and transparency. The company uses various communication channels, such as its corporate sustainability report, website, and customer service platforms, to gather feedback and address stakeholder concerns. Its 2023 sustainability report, prepared according to GRI Standards and verified by BSI Taiwan, ensures accurate and credible disclosure of the company’s sustainability practices.
Overall, Farglory Life Insurance’s initiatives demonstrate a comprehensive approach to integrating sustainability and social responsibility into its business model. Through its environmental efforts, social programs, and commitment to transparency, the company effectively addresses both community needs and environmental challenges, reinforcing its role as a responsible and impactful corporate entity.
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, uplifting the economic status of people across Asia and ensuring a legacy of hope, innovation, and courage for future generations. 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/.