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First Commercial BankTaiwan, Republic of China

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Last update: 2024-12-09 14:04:36
First Commercial Bank's head office in Taipei. Photo: Solomon203 via Wikimedia Commons (CC BY SA 3.0)

Active

This profile is actively maintained
Last update: 2024-12-09 14:04:36
About
Website http://www.firstbank.com.tw
Headquarters
30,Chung King South Road,Sec. 1
100 Taipei
Taiwan, Republic of China
CEO/chair Ye-Chin Chiou
Chairperson
Supervisor
Central Bank of the Republic of China (Taiwan)
Ownership
listed on Taipei Exchange

First Commercial Bank is a subsidiary of First Financial Holding (of which the largest shareholder is the Government of Taiwan with 18.94%). First Financial Holding's complete shareholder structure can be accessed here.

First Commercial Bank was established in November 1899 as Savings Bank of Taiwan. After mergers in 1912 merged with Commercial and Industrial Bank of Taiwan, and in 1923 with Chia-I Bank and Hsin-Kao Bank, it changed its name in 1947 to Taiwan Industrial and Commercial Bank. In 1976, it was given its current name, First Commercial Bank. In January 1998 the Bank was transformed from a government entity into a private bank. After the establishment of First Financial Holding in January 2003, the Bank became a subsidiary of the First Financial Group.

Sustainability
Commitments
Policies
Voluntary standards

First Financial Holding's (First Commercial Bank's parent company) most important sustainability commitments can be found at the website sections listed below.

Links

Corporate social responsibility

Rules and regulations

Environmental Management Policy

Bank policy
2024-09-27 00:00:00 | First Financial Holding

Sustainable Finance Engagement Strategy

Bank policy
2024-08-23 00:00:00 | First Financial Holding

Sustainable Finance Policy and Statement

Bank policy
2023-07-20 00:00:00 | FFH

Guidance on sustainable development

Bank policy
2022-06-21 00:00:00 | First Financial Holding

Human rights commitment

Bank policy
2021-07-13 00:00:00 | First Financial Holding

Guidance on corporate social responsibility

Bank policy
2021-03-25 00:00:00 | First Financial Holding

Climate change policy

Date listed represents date as accessed on website
Bank policy
2021-01-05 00:00:00 | First Financial Holding

Sustainable procurement policy

Date listed represents date as accessed on website
Bank policy
2021-01-05 00:00:00 | First Financial Holding

Responsible finance

Date listed represents date as accessed on website
Bank policy
2021-01-05 00:00:00 | First Financial Holding

Declaration on Human Rights and Environmental Sustainability Clauses

Bank policy
2020-07-30 00:00:00 | First Financial Holding

Corporate social responsibility policy

Bank policy
2020-05-08 00:00:00 | First Financial Holding

Principles for Ethical Management and Guidelines for Conduct

Bank policy
2020-01-16 00:00:00 | First Financial Holding
First Commercial Bank has committed itself to the following voluntary standards:
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
Principles for Sustainable InsuranceTags: corporate social responsibility | 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

First Commercial 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 First Commercial Bank's link to these deals.

Projects / Companies
Finance type
Year
News
Resources
Documents
Links

Environmental Management Policy

Bank policy
2024-09-27 00:00:00 | First Financial Holding

Sustainable Finance Engagement Strategy

Bank policy
2024-08-23 00:00:00 | First Financial Holding

CSR report 2023

Annual report
2024-06-11 00:00:00 | First Financial Holding

Annual report 2023

Annual report
2024-03-12 00:00:00 | First Commercial Bank

Sustainable Finance Policy and Statement

Bank policy
2023-07-20 00:00:00 | FFH

Annual report 2022

Annual report
2023-05-09 00:00:00 | First Commercial Bank

Guidance on sustainable development

Bank policy
2022-06-21 00:00:00 | First Financial Holding

Annual report 2021

Annual report
2022-06-07 00:00:00 | First Commercial Bank

CSR report 2021

Annual report
2022-05-10 00:00:00 | First Financial Holding

Human rights commitment

Bank policy
2021-07-13 00:00:00 | First Financial Holding

CSR Report 2020

Annual report
2021-06-07 00:00:00 | First Financial Holding

Annual report 2020

Annual report
2021-05-04 00:00:00 | First Commercial Bank

Guidance on corporate social responsibility

Bank policy
2021-03-25 00:00:00 | First Financial Holding

Climate change policy

Date listed represents date as accessed on website
Bank policy
2021-01-05 00:00:00 | First Financial Holding

Sustainable procurement policy

Date listed represents date as accessed on website
Bank policy
2021-01-05 00:00:00 | First Financial Holding

Responsible finance

Date listed represents date as accessed on website
Bank policy
2021-01-05 00:00:00 | First Financial Holding

CSR report 2019

Annual report
2020-07-31 00:00:00 | First Financial Holding

Annual report 2019

Annual report
2020-07-31 00:00:00 | First Financial Holding

Declaration on Human Rights and Environmental Sustainability Clauses

Bank policy
2020-07-30 00:00:00 | First Financial Holding

Corporate social responsibility policy

Bank policy
2020-05-08 00:00:00 | First Financial Holding

Principles for Ethical Management and Guidelines for Conduct

Bank policy
2020-01-16 00:00:00 | First Financial Holding
Accountability
Grievances

First Financial Holding says it operates a Stakeholder Communications Channel, but the webpage does not list any specific contact details.

First Commercial 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 First Commercial 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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