About Sustainability
Strategies and Goals
Cathay Life is Asia's first life insurance company to take the initiative in complying with the Principles for Sustainable Insurance (PSI), incorporating ESG (environmental, social and governance) topics in its daily operations. To better exert our core competencies and expand the scope of our influence, we adopt the strategical focuses of "Climate, Health, and Empowerment" to implement sustainability and respond to various SDG issues. This is to achieve the sustainability vision to "Lead the way in sustainable insurance and ensure the happiness of society," protecting the happiness of employees, policyholders, and the public.
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Cathay Life is Asia's first life insurance company to take the initiative in complying with the Principles for Sustainable Insurance (PSI), incorporating ESG (environmental, social and governance) topics in its daily operations. To better exert our core competencies and expand the scope of our influence, we adopt the strategical focuses of "Climate, Health, and Empowerment" to implement sustainability and respond to various SDG issues. This is to achieve the sustainability vision to "Lead the way in sustainable insurance and ensure the happiness of society," protecting the happiness of employees, policyholders, and the public.
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Climate
In response to the global trend towards net-zero carbon emissions, Cathay Life has passed the scrutiny of the Science Based Targets (SBTs) and has become a member of RE100. Leading the industry, we have pledged to reach 100% renewable energy usage across all operational sites by 2030 and achieve net-zero carbon emissions by 2050. Internally, our strategy of “Zero Carbon Operations Transformation” has initiated workplace transformation, green electricity procurement and use, and green leasing program. Externally, our “Low-Carbon Investment Allocation” strategy actively positions us towards low-carbon investment targets, participation in international climate initiatives, and engagement with investee companies on climate-related issues. Our dual-track strategy, combining “Zero Carbon Operations Transformation” and “Low-Carbon Investment Allocation,”aims to achieve our sustainable goal of climate protection.
Health
Cathay Life Insurance has established a dedicated project team, continuously innovating in the spill-over mechanism and health/medical ecosystem platform, with an aim to enhance Taiwanese people's self-awareness of health management. We advocate shifting from “ex-post compensation to ex-ante prevention” in insurance value, partnering with sub-healthy customers and the general public to continually improve physical constitution and promote health. Additionally, in response to an ageing population structure, we are actively promoting elderly-friendly products, preventive screenings, long-term care in-kind payment, and end-to-end investment services to reduce the life risks related to the body, mind, and wealth of the elderly.
Empowerment
“happiness is bringing happiness to others” is the belief upheld by Cathay Life Insurance. Our employees are our most significant assets. We provide them a secure working environment and opportunities for comprehensive development through diverse welfare measures and a healthy workplace culture. Furthermore, Cathay Life Insurance is committed to social care. Through initiatives like remote area Dreams Come True Program, diverse internship schemes, youth sustainability education, and Cathay volunteer community involvement, we strive to create a society where shared prosperity is achieved. We aim to be a stabilizing force in society.
The three main sustainability objectives, "Climate, Health, and Empowerment," will be disclosed in the 2022 Sustainability Report under the framework of C (Sustainability Commitment), A (Accountable Protection), R (Rich Life), and E (Embracing Earth).
