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."