Shin Kong Financial Holding Co Ltd – Lobbying Governance & Transparency

Sign up to access all our data and the evidence and analysis underlying our overall scores. Once you've created an account, we'll get in touch with further details:

Lobbying Governance

Overall Assessment	Analysis	Score
Comprehensive	Shin Kong Financial Holding Co Ltd (SKFH) demonstrates a comprehensive governance process for climate lobbying, with clear mechanisms, oversight structures, and accountability measures. The company has disclosed a detailed process for aligning both direct and indirect lobbying activities with its climate commitments. The Public Affairs Department, which "reports directly to the President," is responsible for "managing, guiding lobbying efforts, and political donations," and submits annual reports on lobbying activities, expenses, and political donations to the Board of Directors. Additionally, the Audit Committee, composed of independent directors, "reviews lobbying-related efforts and expenses each year," ensuring robust oversight. SKFH has conducted a thorough assessment of its trade associations, evaluating their alignment with net-zero goals and the Paris Agreement. This includes examining "the climate-related statements and positions of these trade associations" and assessing whether they are "fully aligned, partially aligned, or not aligned." For associations that are not aligned, SKFH has a clear process to "publicly state the Company's position," maintain ongoing communication, and potentially withdraw if no progress is made. Furthermore, the company commits to an "annual review" of its trade associations' climate positions and publicly reports the findings. SKFH also integrates climate considerations into its governance structure through its Corporate Sustainability Committee, which oversees the Sustainable Finance Group and ensures alignment with climate goals. The company has published detailed disclosures, including its alignment processes and annual assessments, indicating a high level of transparency and accountability in its climate lobbying governance. View Sources	A

Overall Assessment

Analysis

Score

Comprehensive

Shin Kong Financial Holding Co Ltd (SKFH) demonstrates a comprehensive governance process for climate lobbying, with clear mechanisms, oversight structures, and accountability measures. The company has disclosed a detailed process for aligning both direct and indirect lobbying activities with its climate commitments. The Public Affairs Department, which "reports directly to the President," is responsible for "managing, guiding lobbying efforts, and political donations," and submits annual reports on lobbying activities, expenses, and political donations to the Board of Directors. Additionally, the Audit Committee, composed of independent directors, "reviews lobbying-related efforts and expenses each year," ensuring robust oversight. SKFH has conducted a thorough assessment of its trade associations, evaluating their alignment with net-zero goals and the Paris Agreement. This includes examining "the climate-related statements and positions of these trade associations" and assessing whether they are "fully aligned, partially aligned, or not aligned." For associations that are not aligned, SKFH has a clear process to "publicly state the Company's position," maintain ongoing communication, and potentially withdraw if no progress is made. Furthermore, the company commits to an "annual review" of its trade associations' climate positions and publicly reports the findings. SKFH also integrates climate considerations into its governance structure through its Corporate Sustainability Committee, which oversees the Sustainable Finance Group and ensures alignment with climate goals. The company has published detailed disclosures, including its alignment processes and annual assessments, indicating a high level of transparency and accountability in its climate lobbying governance.

View Sources

Lobbying Transparency

Overall Assessment	Analysis	Score
Moderate	Shin Kong Financial Holding Co. has provided moderate transparency into its climate lobbying activities. The company clearly names the 'Green Finance Action Plan' and its 2.0 and 3.0 iterations as the specific policy it engaged on, detailing its participation in public hearings and seminars organized by the government to present its views on this plan. It also discloses that its Public Affairs Department plans these activities, reports to the Board of Directors, and participates in the 'Taiwan Alliance for Net Zero Emissions' to negotiate with the government and the solar energy industry, demonstrating direct engagement at both central and local levels. However, it does not outline precise tactics such as letters or meetings with particular policymakers. While Shin Kong sets out outcomes it seeks, including promoting the financial industry's understanding of greenhouse gas emissions, guiding enterprises to reduce carbon emissions, and supporting renewable energy projects and green bonds, these objectives remain broadly framed without measurable targets or specific legislative changes, reflecting a moderate level of transparency.	C