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Bank SinoPac Independently Introduces Solar Photovoltaic! Accounts for 10% Annual Bank Consumption

published: 2022-09-05 9:30

Bank SinoPac announced today that it will start to introduce solar photovoltaics independently, which will be equivalent to 10% of the annual electricity consumption of the entire bank. It is mainly due to a promotion of policies that the instantaneous power generation of solar photovoltaics in Taiwan has reached a record high. Therefore, in response to the net zero emission target of SinoPac Financial Holdings, Bank SinoPac purchased 2.6 million kWh of photovoltaics and imported it into its own office buildings. Combined with energy conservation and carbon reduction in daily operations, it is expected to set a good example of green operation for enterprises.

According to statistics, on August 22 this year, the instantaneous power generation of solar photovoltaics in Taiwan reached 5.55 million kwh, a record high, and injected green kinetic energy into the power system.

Bank SinoPac pointed out that its recent action is mainly in response to parent company SinoPac Financial Holdings' own operation in 2030 and the two major net zero goals of the entire asset portfolio in 2050. Therefore, the introduction of solar photovoltaics for its own office buildings is expected to reduce carbon emissions by 1,323 metric tons per year, equivalent to the annual carbon adsorption of 3.4 Daan Forest Parks.

Bank SinoPac stated, in terms of operations, the scope of greenhouse gas inventory was expanded internally to optimize energy management, promote energy conservation and carbon reduction measures, and implement measures such as waste management and water conservation. Bills, online application for credit cards and credit products, online credit lending and electronic platform services, etc., will effectively save 100 million pieces of paper in 2021.

Bank SinoPac emphasized, in the future, it will gradually increase the proportion of renewable energy use and promote an internal carbon pricing mechanism, encourage suppliers to set carbon reduction goals together, and expand green procurement projects and give priority to green building materials maintenance and operation in specific response to the three UN Sustainable Development Goals (SDGs) of "Climate Action," "Job and Economic Growth," and "Responsible Consumption and Production".

(Image:Bank SinoPac)

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