KGIL has long paid attention to environmental issues and continued to build strategies to implement climate governance and reduce operational emissions. The Company was honored by receiving recognition from the CommonWealth Magazine as the only insurer whose carbon reduction strategies align with the Paris Agreement’s 1.5°C temperature control goals. The recognition demonstrates KGIL’s effort and dedication to safeguard the environment on the path to reduce emissions.
The CommonWealth Magazine established “Temperature Rising Index for Pathways” (TRIPs), a platform that collects corporate sustainability reports, publicly available environmental data, businesses’ carbon reduction and net-zero goals. These are then incorporated into the calculation of each corporation’s temperature level to match with different warming scenarios, allowing the businesses to communicate and showcase their commitment and contribution towards carbon reduction with the society through the concept of “temperature”.
KGIL continues to focus on the potential impacts brought by environmental issues on macro economy and financial system. In 2021, TCFD framework was introduced to establish a climate governance mechanism, a system helping identify climate change related risks and opportunities and a base for the Company to formulate action plans to maintain its competitiveness on resilience. Furthermore, the Company implements three major climate action plans when making investments and leverages decision-making procedures of sustainable finance to direct fund to encourage and support carbon-reducing behaviors of the industry. For the Company’s own operations, KGIL has planned various low-carbon and transformational measure to instill sustainability visions into corporate culture and operational decision-making for target achievement. KGIL will continue to wield our influence in life insurance value chain and to build a low-carbon sustainable ecosystem. Environmentally sustainable operations will be practiced through an innovative and forward-looking mindset. The goal is to create long-term values for all stakeholders and to become the most recommended and trustworthy life insurance company.
