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CDF’s sustainability efforts recognized by 2018 Taiwan Corporate Sustainability Awards

      2018-11-22

China Development Financial Holding (CDF) was awarded three awards from 2018 Taiwan Corporate Sustainability Awards hosted by Taiwan Institute for Sustainable Energy: Platinum Award for Top 50 Corporate Sustainability Reports, Top 50 Corporate Comprehensive Performance Award and Social Inclusion Award.
 
Kuo Yu-ling, CDF Senior Executive Vice President, said: “In 2018, CDF’s inclusion in FTSE4Good Emerging Index for a second time, and winning Excellence in Corporate Social Responsibility (CSR) by CommonWealth Magazine and Taiwan Corporate Sustainability Awards represent high recognition by domestic and foreign sustainability evaluators for CDF’s long-term devotion to fulfilling CSR. Kuo further noted the Top 50 Corporate Comprehensive Performance Award underscores CDF’s outstanding results in corporate governance, environmental management and social welfare.
 
CDF has implemented responsible investing via core business as it fulfills CSR of financial service providers. It has formulated a number of investment and loan review tools and regulations pursuant to the United Nations’ Principles for Responsible Investment (PRI), Sustainable Development Goals (SDGs) and Equator Principles (EPs), while delivering ESG in management procedures and the stewardship principles. In doing so, CDF hopes to exert substantial impact on the market and the invested companies in its pursuit of long-term and stable profits and to facilitate enterprises’ focus on and fulfillment of CSR, constructing an investment portfolio that complies with environmental, social and corporate governance and has high return potential.
 
Kuo pointed out CDF’s promotion of financial inclusion is also well recognized. Subsidiary KGI Bank has launched several small loan programs for the socially disadvantaged and the youth to explore their dreams and for taxi drivers (combining Fintech innovation). Furthermore, the bank’s cooperation with Chunghwa Telecom on the sandbox experiment, scheduled to come on-line in early December, will continue to launch a variety of programs to extend aid to more disadvantaged groups, develop customized financial services, create the value of financial inclusion and facilitate social Inclusion. From charitable giving, neighborhood investment, sponsoring cultural and artistic activities, to employee engagement, CDF has been all-out supporting social welfare, leveraging its professionalism in financial services in a systematic way. Going forward, CDF will continue to devote itself to CSR and promote sustainable business development.

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About CDF

China Development Financial (CDF) was established in 2001 following a share swap managed by China Development Industrial Bank (CDIB, the former entity of CDIB Capital Group).
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