Net Zero and Carbon Reduction

In 2023, Scope 1 and Scope 2 greenhouse gas emissions amounted to 3,340.798 metric tons of CO2e, with an intensity of 0.7576 metric tons of CO2e per person, representing a 0.8% reduction as compared to 2022. The Company continues to implement energy-saving and carbon reduction measures, including installing solar and wind power generation equipment on the rooftops of our buildings and gradually replacing lighting with energy-efficient fixtures to meet annual reduction targets.

Farglory Life develops digitally-transformed, optimized service processes by incorporating digital services into insurance innovation. By doing so, we provide policyholders with mobile services and create a highly convenient, equal digital insurance service ecosystem. Internally, the Company implements paperless meetings, digital learning courses, and e-management for employees. Externally, we promote different digital services, such as mobile insurance applications, electronic policy services, online insurance applications, online after-sales services, and electronic policy statements. These efforts aim to reduce environmental impacts and greenhouse gas emissions, positively contributing to environmental sustainability.
Through our implementation of mobile and electronic services, the Company saved approximately 9.16 million sheets of paper in 2023, equivalent to approximately 1.87 times the height of the Taipei 101 building. Our electronic services have helped save nearly a thousand trees from being cut down, resulting in a reduction of approximately 62.3 tons of carbon emissions.

Farglory Life starts from our own operations and incorporates environmental-friendly and energy-saving designs in our newly constructed buildings, such as increasing greenery, as well as reducing water consumption and carbon emissions. The Farglory Financial Center was the first commercial office building in the Xinyi District to receive dual certifications of LEED-NC Gold from the US Green Building Council (USGBC) and Diamond-level from the Ministry of the Interior's Green Building certification, setting a benchmark for sustainable corporate buildings. As of 2023, the Company has constructed four green buildings.

Farglory Life prioritizes purchasing products that meet the Green Mark standards recognized by the Ministry of Environment, aiming to achieve goals of energy saving, water conservation, and reduced energy consumption. The Company gives preference to products with green building material labels and water efficiency labels, and selects suppliers that comply with corporate social responsibility standards. The total annual amount spent on green procurement reached NT$18.29 million, accounting for approximately 4.5% of total procurement.

Farglory Life continuously increases the proportion of local procurement and develops local suppliers through procurement management procedures. Over the past three years, the percentage of local suppliers has been 97% or higher. In 2023, the total procurement amount was NT$440 million, with 96% sourced from local suppliers.

In order to leave a vibrant and long-lasting natural environment for future generations, Farglory Life launched the Marine Coral Restoration Project, an ecological restoration initiative, in collaboration with the Institute of Marine Environment and Ecology at National Taiwan Ocean University. This initiative involved working with Professor Shikina Shinya's Coral Farming Laboratory, the New Taipei City Government, and the National Museum of Marine Science and Technology in Keelung. By integrating efforts from industry, government, and academia, the initiative focused on coral planting activities. Through artificial cultivation techniques, 230 coral seedlings were planted in safe aquaculture ponds. Underwater coral bases and monitoring systems were also established to create a breeding base. Starting in 2023, the coral seedlings were gradually transplanted to the waters off Mao'ao Bay in Gongliao District, New Taipei City, allowing the vibrant and colorful corals to bloom flourish once again.