- Maintaining good financial position.
- Risk of dishonest actions impacting financial performance and reputation.
- Lack of risk management awareness hindering timely response and mitigation of risks.
- Increased cost of maintaining a secured information environment.
- Changes in regulation posing additional compliance costs.
- Failure to provide employees with appropriate educational resources resulting in loss of talent.
- Discrimination and unfair treatment resulting in loss of talent and undermining future recruitment efforts.
- Increasing cases of grievance and customer complaint incurring additional costs on dispute resolution and compromising business reputation.
- Increased carbon emission costs and extreme weather causing losses to hardware and personnel, increasing operating costs.
Taiming Assurance Broker Co., Ltd.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Taiming Assurance Broker Co., Ltd. disclosed greenhouse gas emissions of 42.12 tonCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
42.12 tonCO2e/year
2023
Energy Use
306.9K MJ/year
2023
✅ Reported Environmental Achievements
- Achieved total power savings of 17,080 kWh (equivalent to a carbon reduction of 8,437.52 kgCO2e) through air conditioning equipment servicing and LED light replacements.
- Reduced paper usage by 48,580 sheets (equivalent to a carbon reduction of 874.44 kgCO2e) by promoting the use of the mobile insurance platform.
- Reduced paper usage by 23,581 sheets (equivalent to a carbon reduction of 424.46 kgCO2e) through the continued use of the e-correspondence and e-reporting system.
- Reduced travel expenses by 23.08% compared to 2020 by introducing video conferencing.
- Reduced water usage by 18.7% compared to the base year (2018).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce GHG emissions by 3%
- Increase customer satisfaction to 95% and above.
- Reduce water usage by 5% a year compared to the base year (2018).
- Save 100,000 sheets of paper a year compared to the base year (2019).
- Construct reliable information systems and environment, and enforce proper Information security management.
📅 Medium-term
- Continue promotion of mobile insurance service and strive to become a paperless business.
- Increase customer satisfaction to 97% and above.
- Continue promotion of mobile insurance services to achieve optimal resource efficiency.
- Pass ISO 14064-1 Greenhouse Gas Inventory.
- Develop business practices on the basis of integrity, and actively prevent dishonest conduct.
🔭 Long-term
- Become a low-carbon, sustainable business.
- Enforce Principles for Sustainable Insurance and the ESG philosophy.
- Engage in business activities while following principles of fairness, honesty, trust, and transparency to gain stakeholders’ trust.
- Promote the significance of compliance among back-office staff and sales and thereby strengthen compliance performance within the organization.
- Create a robust information security platform and improve the quality of services to policyholder services as well as the security of personal data and information platforms.
🌱 ESG Focus Areas
EnvironmentSocialGovernance