Active

This profile is actively maintained

Last update: 2022-09-02 13:37:43

Active

This profile is actively maintained

Last update: 2022-09-02 13:37:43

About

Website	http://www.cathaybk.com.tw
Headquarters	1F no 7, Songren Road 110 Taipei City Taiwan, Republic of China
CEO/chair	Andrew Ming-Jian Kuo Chairman
Supervisor	Central Bank of the Republic of China (Taiwan)
Ownership	Cathay United Bank is a wholly owned subsidiary of Cathay Financial Holdings, the largest financial holding company in Taiwan. Cathay Financial Holdings' shareholder structure can be accessed here.

Cathay United Bank was formerly the United World Chinese Commercial Bank (UWCCB), which was founded in 1975. In 2003, UWCCB merged with the former Cathay Commercial Bank, a wholly owned subsidiary of Cathay Financial Holding Company. The merged bank was renamed to Cathay United Bank. Cathay United Bank is one of the largest commercial banks in Taiwan, and operates more than 160 bank branches throughout Taiwan. Its primary target markets include Taiwan, Hong Kong, vietnam and the United States. Cathay United Bank adopted the Equator Principles in March 2015.

Sustainability

Policies

Voluntary standards

Cathay Financial Holdings has several policies in place which must be followed by all its subsidiaries. The corporate social responsibility webpage of Cathay Financial Holdings can be accessed here.

Cathay United Bank mentions on its website that it was "the first bank in Taiwan to announce its voluntary compliance with the United Nations’ Principles for Responsible Banking (PRB) in December 2018", but the bank is not listed as as a signatory on the UNEP-FI Principles for Responsible Banking website.

Human rights policy

Bank policy

2022-05-13 00:00:00 | Cathay Financial Holdings

Investment and lending exclusion policy

Bank policy

2021-01-21 00:00:00 | Cathay Financial Holdings

Corporate sustainability principles

Bank policy

2020-05-14 00:00:00 | Cathay Financial Holdings

Environmental and energy policy

Bank policy

2019-10-04 00:00:00 | Cathay Financial Holdings

Sustainable procurement policy

Bank policy

2019-10-04 00:00:00 | Cathay Financial Holdings

Engagement policy

Bank policy

2018-05-30 00:00:00 | Cathay Financial Holdings

Cathay United Bank has committed itself to the following voluntary standards:

Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions

Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development

Global Reporting InitiativeTags: sustainable development | human rights

Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations

Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance

United Nations Global CompactTags: United Nations | human rights

Dodgy Deals

Cathay United Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Cathay United Bank's link to these deals.