In response to the international trend of green finance and support the “Green Finance Action Plan 2.0” implemented by the Financial Supervisory Commission (FSC), the Central Deposit Insurance Corporation of Taiwan (CDIC) signed the European Forum of Deposit Insurers (EFDI) Charter for Sustainable Deposit Guarantee and Investor Compensation Schemes (hereafter: EFDI Charter) on 28 July 2022. The accession of the EFDI Charter is a declaration of CDIC’s fully support of the policy task of financial sustainability.
The EFDI Charter aims to bring and demonstrate the support and adherence to the principles of sustainability and social responsibility, and answers the call made in that field by various international organizations and initiatives, including the United Nations Environment Programme Finance Initiative (UNEP FI). Signatories of the EFDI Charter are within their mandate active players of the global financial stability and to the public good. The eight principles for Sustainable Deposit Guarantee and Investor Compensation Schemes include dealing with financial institutions’ clients, applying sound governance rules, implementing ethical and responsible corporate principles, risk management, business continuity, raising contributions, setting the level of resources and investing funds.
By signing the EFDI Charter, the CDIC will continuously facilitate financial sustainability, maintain credit order and support social responsibility. Also, the signing of the EFDI Charter will further increase the CDIC’s reputation and international visibility. The CDIC becomes one of signatories to the EFDI Charter on 31 July 2022.