O-Bank Ranked Number One in Taiwan Financial Industry by FTSE Russell ESG Scores

Taipei, O-Bank today announced it achieved an excellent score of 4.3 in the latest ESG Score released by global benchmark institution FTSE Russell for 2024. This performance places O-Bank at number one among Taiwan's financial industry and fourth among all listed companies in Taiwan, demonstrating international recognition for O-Bank's efforts in sustainable operations and acknowledging its outstanding performance in sustainability.

FTSE Russell, a member of London Stock Exchange Group (LSEG), is one of the three major international sustainability rating agencies. Its assessments cover 47 mature and emerging global markets, regularly evaluating the performance of over 400 companies in Taiwan and approximately 8,000 companies worldwide across the three dimensions of Environmental, Social, and Governance (ESG). The FTSE Russell rating model calculates an ESG score based on scores in hundreds of indicators, weighted according to its relevance and exposure within a variety of themes and pillars. The ESG rating is scored out of 5, with higher scores indicating better sustainability performance.

O-Bank reached a score of 4.3 in FTSE Russell's latest ESG rating issued in May 2024. According to the Taiwan Depository & Clearing Corporation ESG Investor Relations Platform (TDCC ESG IR Platform), this score ranks first among peers in Taiwan's financial industry and fourth among all listed companies in Taiwan as of May 31, 2024. The achievement highlights O-Bank's recognition in international assessments for its long-term work in sustainable operations. Out of the seven major themes and 122 indicators of this assessment, O-Bank received the top score of 5 in the six themes of Labour Standards, Human Rights & Community, Social Supply Chain, Corporate Governance, Risk Management, and Anti-Corruption.

In addition to its outstanding performance in FTSE Russell's ESG Scores, O-Bank was also ranked number one in Taiwan's financial industry and second among all Taiwan listed companies by international rating agency Morningstar Sustainalytics assessment, further demonstrating O-Bank's commitment to sustainability. "O-Bank firmly believes that while pursuing corporate growth, it should leverage the strength of its financial expertise to care for the sustainable development of the environment, society, and governance,” said O-Bank Chairperson Tina Y. Lo. “O-Bank is honored to be recognized by international sustainability rating agencies and will continue to exert positive influence, pursuing a vision of prospering with employees, profiting with clients and shareholders, co-existing with the environment, and benefiting with society."