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Home › Banks ›
Bank
Cathay United BankTaiwan, Republic of China

Active

This profile is actively maintained
Last update: 2022-09-02 13:37:43
Cathay United Bank head office. Photo: Solomon203 via Wikimedia Commons (CC BY SA 3.0)

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.

2022-05-13 00:00:00

Human rights policy

Bank policy
2022-05-13 00:00:00 | Cathay Financial Holdings
2021-01-21 00:00:00

Investment and lending exclusion policy

Bank policy
2021-01-21 00:00:00 | Cathay Financial Holdings
2020-05-14 00:00:00

Corporate sustainability principles

Bank policy
2020-05-14 00:00:00 | Cathay Financial Holdings
2019-10-04 00:00:00

Environmental and energy policy

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

Sustainable procurement policy

Bank policy
2019-10-04 00:00:00 | Cathay Financial Holdings
2018-05-30 00:00:00

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 Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
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.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles: New BankTrack database sheds light on patchy project name reporting

BankTrack publishes database of Equator-financed projects, together with analysis showing some banks report few or no project names – notable poor performers include ING, HSBC and Lloyds
2020-06-29 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Global finance sector failing to apply conservation criteria to pulp and paper funding

2020-03-21 | New York/Amsterdam | Environmental Paper Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

The Chain: Paradise Papers Links APRIL’s Tax Avoidance to Deforestation and Banks, Could Impact USD 500 Million Loan

2017-11-16 | Chain Reaction Research
Blog
BankTrack news BankTrack blog Partner news Partner blog

Financiers of pulp and paper industry projects will cause environmental and social harm, says new report

2017-08-01 | Mandy Haggith – Environmental Paper Network
BankTrack news BankTrack blog Partner news Partner blog

APRIL signed a USD 265 million loan agreement

2014-04-25 | Reuters China
Resources
Documents
Links
2022-06-07 00:00:00

CSR report 2021

Annual report
2022-06-07 00:00:00 | Cathay Financial Holdings
2022-05-13 00:00:00

Human rights policy

Bank policy
2022-05-13 00:00:00 | Cathay Financial Holdings
2022-05-03 00:00:00

Annual report 2021

Annual report
2022-05-03 00:00:00 | Cathay United Bank
2021-05-04 00:00:00

Annual report 2020

Annual report
2021-05-04 00:00:00 | Cathay Financial Holdings
2021-01-21 00:00:00

Investment and lending exclusion policy

Bank policy
2021-01-21 00:00:00 | Cathay Financial Holdings
2020-09-29 00:00:00

Annual report 2019

Annual report
2020-09-29 00:00:00 | Cathay Financial Holdings
2020-09-29 00:00:00

CSR report 2019

Annual report
2020-09-29 00:00:00 | Cathay Financial Holdings
2020-05-14 00:00:00

Corporate sustainability principles

Bank policy
2020-05-14 00:00:00 | Cathay Financial Holdings
2019-10-04 00:00:00

Environmental and energy policy

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

Sustainable procurement policy

Bank policy
2019-10-04 00:00:00 | Cathay Financial Holdings
2019-07-31 00:00:00

Annual report 2018

Annual report
2019-07-31 00:00:00 | Cathay Financial Holdings
2019-07-31 00:00:00

CSR report 2018

Annual report
2019-07-31 00:00:00 | Cathay Financial Holdings
2018-05-30 00:00:00

Engagement policy

Bank policy
2018-05-30 00:00:00 | Cathay Financial Holdings
2018-03-31 00:00:00

Annual report 2017

Annual report
2018-03-31 00:00:00 | Cathay United Bank
2018-03-31 00:00:00

CSR report 2017

Annual report
2018-03-31 00:00:00 | Cathay Financial Holdings
2017-11-24 00:00:00

Letter from 30 Indonesian NGOs to PT RAPP financiers on current situation of PT RAPP (APRIL's main supplier)

Correspondence
2017-11-24 00:00:00 | 30 Indonesian NGOs
2016-09-01 00:00:00

Green Paper, Red lines

Chinese version
BankTrack publication
2016-09-01 00:00:00 | BankTrack
2016-06-02 00:00:00

Green Paper, Red Lines

Requirements for pulp and paper industry finance
BankTrack publication
2016-06-02 00:00:00 | BankTrack, Environmental Paper Network
2016-01-31 00:00:00

Corporate Sustainability Report 2015

Annual report
2016-01-31 00:00:00 | Cathay Financial Holdings
2016-01-31 00:00:00

2015 Annual Report

Annual report
2016-01-31 00:00:00 | Cathay Financial Holdings
2015-11-13 00:00:00

Cathay FHC 2014 Corporate Sustainability Report

Annual report
2015-11-13 00:00:00 | Cathay Financial Holdings
2015-08-04 00:00:00

2014 Annual Report

Annual report
2015-08-04 00:00:00 | Cathay Financial Holdings
2014-10-13 00:00:00

2013 Corporate Sustainability Report

Annual report
2014-10-13 00:00:00 | Cathay Financial Holdings
2014-07-28 00:00:00

Annual Report 2013

Annual report
2014-07-28 00:00:00 | Cathay Financial Holdings

Sustainability webpage of Cathay Financial Holdings

Cathay Financial Holdings

Accountability
Grievances

Cathay United bank does not have a complaints or grievances channel for individuals or communities that might have been affected by the bank's finance.

This page evaluates Cathay United Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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