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Cathay United BankTaiwan, Republic of China
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This profile is actively maintained
Last update: 2023-09-11 15:49:45
Cathay United Bank head office. Photo: Solomon203 via Wikimedia Commons (CC BY SA 3.0)
Active
This profile is actively maintained
Last update: 2023-09-11 15:49:45
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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 | |
| 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
Commitments
Policies
Voluntary standards
Cathay United Bank's most important sustainability commitments can be found at the website sections listed below.
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.
Links
Cathay Financial Holdings has several bank policies in place which must be followed by all its subsidiaries, including Cathay United Bank.
Cathay United Bank has committed itself to the following voluntary standards:
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
Resources
Documents
Links
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.
Cathay United Bank is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.
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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Banks and Climate
Banks and Climate
Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Cathay United Bank’s fossil fuel policy below.
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