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Message from Management

In 2016, the world economic stabilized with a consecutive quarterly recovery and Taiwan GDP also improved, rising from 0.75% in 2015 to 1.5% in 2016. CDF has always been committed to facilitating the economic development and improving the quality of financial services, making concrete contributions to the economic growth and financial development in Taiwan. In recent years, the Company has constantly adjusted its organizational and development orientation in response to global trends and business requirement. Our subsidiary China Development Industrial Bank (CDIB) was officially re-named as CDIB Capital Group as of March 15, 2017, which focuses primarily on the raising and management of private equity funds. The Company is now composed of three core business groups, namely commercial banking, securities, and private equity / venture capital investment. The core operations continue to focus on facilitating industrial development and industry upgrade/transformation by providing comprehensive financial services. Attributed to our long-term devotion, the Company has accumulated over thousands of investees, establishing a dense network through which we gain extensive insight into the trends and pulse of the industry. Therefore, CDF is able to build a solid and diversified investment portfolio by selecting investment targets from the up-, mid-, and downstream chains of major industries.
 
Thanks to our extensive reach in every corner of the Taiwanese industries, the Company actively participates and invests in the implementation of corporate social responsibility because we strongly believe that corporates are an integral part of the society for which we should provide extensive care and feedback. Like other corporate operations, only by combining one’s core competencies to implement its strategic corporate social responsibility can maximal synergies be created. For years, CDF has utilized the resources of its private equity / venture capital business entity to develop the solar energy industry and expand access to clean energy; to invest in the health care industry and improve national health; to participate in resource recycling and waste management business and effectively conserve energy and improve the environment; and to engage in green investment of energy conservation and carbon reduction to create a clean environment. Subsidiaries KGI Bank and KGI Securities have also endeavored to develop their green financing business in an attempt to strike a balance between business development and social responsibilities.
 
In 2016, CDF has taken concrete actions in assimilating into the international community by formulating five core CSR strategic orientations based on the environmental, social, and governance (ESG) concepts: enhancing sustainable governance, motivating sustainable financing, cultivating sustainable talents, promoting sustainable environment, and sharing sustainable value. With the concerted efforts of our employees, the Company delivered the following performance in 2016:
  • Ranked as top 5% among all listed companies participated in the Third “Corporate Governance Evaluation” undertaken by the Taiwan Stock Exchange.
  • Advocate support to the Principles for Responsible Investment (PRI): Integrate ESG issues into investment analysis and decision making; and subsidiaries CDIB Capital Group and KGI Investment Trust both became the Stewardship Principles signatories of Taiwan Stock Exchange.
  • Became the signatory of the Carbon Disclosure Project (CDP) in August 2016 to show the support of the Paris Agreement.
  • Develop internal management systems: comprehensively integrating ISO14064-1 GHG inventory standards, promoting energy conservation and carbon reduction measures and disclosing carbon emission information.
  • Invite our suppliers to sign the “Supplier Corporate Social Responsibility Commitment” letter and implement corporate social responsibilities jointly, in hope to propagate corporate sustainability through supply chain management.
  • First Participate in ESG survey held by international rating agencies: Bloomberg, Reuters, MSCI, DJSI, and CDP. CDF scored the highest in the Bloomberg ESG Survey among peers in Taiwan.
  • Subsidiary KGI Securities was certified ISO/IEC 27001: 2013 Information Security Management Certification by the British Standards Institution (BSI) as a means of continual improvement in information security management and technologies to provide safe, stable, and efficient financial services for customers.
  • In the event of the Tainan earthquake in 2016, CDF made donations to the Tainan City Government and established a trust fund for children and young adolescents in hope that their education would not be disrupted. CDIB Education and Cultural Affairs Foundation continually sponsors economically disadvantaged student victims of the Formosa Fun Coast explosion every year, covering their tuition fees until they finish their tertiary education to help the families of the victims overcome financial difficulties.
  • The social activities of CDIB Education and Cultural Affairs Foundation have centered on the theme of “care for the next generation, invest in children’s future.” Among all, the “Heritage 100 & Tutelage 100” and “Perfect Nutrition” are long-term projects which aim to provide assistance to economically disadvantaged students.
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    In this CSR report, we not only complied with the GRI G4 guidelines, but also introduced the elements of Integrated Reporting for the first time, basing our short-, mid-, and long-term corporate values and key performances on five major capitals. In addition we adhered to the 10 principles of the United Nations Global Compact, and referred to the 17 SDGs as the basis of our long-term development and goals, which highlights the Company’s determination in ensuring transparent corporate governance and sustainable management.