Potential offtaker

Cathay Financial Holding Co., Ltd

www.cathayholdings.com.tw

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Cathay Financial Holding Co., Ltd is a leading financial services company based in Taiwan. The company operates in a range of sectors, including life insurance, banking, asset management, and securities. With a focus on sustainability and decarbonisation, Cathay Financial Holding Co., Ltd has been actively investing in renewable energy and implementing corporate energy strategies to reduce its carbon footprint.

Cathay Financial Holding Co., Ltd is committed to reducing its carbon footprint and promoting sustainable development. The company has set a target to reduce its carbon emissions by 30% by 2030, and has been actively investing in renewable energy to achieve this goal. In 2019, Cathay Financial Holding Co., Ltd invested in a 49% stake in a 100 MW offshore wind farm in Taiwan. The wind farm is expected to generate enough electricity to power over 100,000 households and reduce carbon emissions by 75,000 tons per year.

In addition to investing in renewable energy, Cathay Financial Holding Co., Ltd has also been implementing corporate energy strategies to reduce its energy consumption and carbon footprint. The company has implemented energy-saving measures such as LED lighting, energy-efficient air conditioning systems, and smart building management systems. These measures have helped to reduce the company's energy consumption and carbon emissions, while also improving the working environment for employees.

Cathay Financial Holding Co., Ltd has also been exploring corporate power purchase agreements (PPAs) as a way to support the development of renewable energy. In 2018, the company signed a 20-year PPA with a solar power plant in Taiwan. The PPA will provide the company with 10% of its electricity needs and reduce its carbon emissions by 4,000 tons per year. The PPA also provides a stable and predictable source of renewable energy for the company, while supporting the development of renewable energy in Taiwan.

As a leading financial services company in Taiwan, Cathay Financial Holding Co., Ltd is well positioned to support the development of renewable energy in the country. The company has been actively investing in renewable energy and implementing corporate energy strategies to reduce its carbon footprint. With its commitment to sustainability and decarbonisation, Cathay Financial Holding Co., Ltd is a model for other companies in Taiwan and around the world.

In conclusion, Cathay Financial Holding Co., Ltd is a leading financial services company based in Taiwan that is committed to sustainability and decarbonisation. The company has been actively investing in renewable energy and implementing corporate energy strategies to reduce its carbon footprint. With its focus on sustainability, Cathay Financial Holding Co., Ltd is well positioned to support the development of renewable energy in Taiwan and contribute to the global effort to combat climate change.

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