3rd SU-SinoPac Forum Focuses on Sustainable FinTech, Environmental Development

Financial technology experts discussed issues related to sustainable FinTech and sustainable development of environment in the third session of the SU-SinoPac Forum on June 29^th, 2022 at Soochow’s Downtown Campus.

SU President Wei-Ta Pan, Dean of School of Business Jin-Shyang Roan, and Director of the Digital Currency and Financial Research Center Su-Hua Ou joined the Forum with speakers from some big-name companies and institutions including Sinopac Securities Investment Service Corporation, Taiwan Institute of Economic Research, SinoPac Holdings, and AUO Energy. 

President Pan encouraged companies to pay attention to the truthfulness of important information in the process of implementing 2050 net zero carbon emissions, and to be aware that false statements could affect investors’ rights. Dean Roan praised entrepreneurship in sustainable financial technology, and motivated students to actively practice environmental protection and social responsibility.

According to Shih-Hsueh Lee, Chairman of SinoPac Investment Service, by 2020, 40% of listed companies in Taiwan have disclosed their CSR reports on the Market Observation Post System (MOPS), and 88 listed companies have already followed the Sustainability Accounting Standards Board (SASB) guidelines. In addition, the government has mandated that starting from 2023, companies with a capital of $2 billion or more must prepare CSR reports and disclose them in accordance with SASB standards. It is believed that increased transparency in CSR disclosures will make corporate sustainability assessments more indicative.

Yen-Haw Chen, President of the Taiwan Institute of Economic Research, pointed out that green power can effectively reduce carbon footprint, the risk of fuel price fluctuations, and future electricity bill increases, support the development of renewable energy, differentiate corporate brands from others, and enhance company images.

Tien-Yu Lin, Vice President of AUO Energy, Kelvin Liao, Head of Risk Division of SinoPac Holdings, and Director Su-Hua Ou also shared insightful views on the topic of sustainable finance, technology and the environment.

 As this session fared fruitfully, SU’s Digital Currency and Financial Research Center looked forward to the next session that will be held in September 2022.