Bureau of Labor Funds (BLF) is a state-owned entity founded in 2014 and headquartered in Taiwan. The Bureau operates under the Ministry of Labor, managing and investing labor-related public funds, including the Labor Pension Fund, Labor Insurance Fund, Employment Insurance Fund, and other social security assets. The Bureau is one of the largest public pension and social insurance fund managers in Taiwan.
The company has a total score of G - Uncommitted. This score reflects two dimensions: transition plan quality (TPQ), for which the company scores 0 out of 5; and contribution to the low-carbon transition (CTT), for which the company scores 0 out of 2. A TPQ score of 0 - “Uncommitted” (shown in the x axis in the figure) indicates that the company does not disclose GHG emissions categories with sufficient granularity, nor does it provide sufficient information to assess the credibility of its targets. Moreover, the company does not disclose any of the key elements of a transition plan. The CTT score is 0, meaning that the company is not deploying sufficient levels of low-carbon investments, and the emissions reductions and targets are incompatible with an ambitious 1.5°C sectoral pathway. The y axis in the figure shows the result of indicator F01.A, the alignment of the company’s emissions (for most companies), production (for climate solutions providers) or financial activity (for financial institutions) with a 1.5°C ambition - a key component of CTT. The deployment of low-carbon investments, based on annual investment for real economy companies and the ambition of investment targets for financial institutions, forms another component of CTT and is shown in the scatterplot below.
Investment in climate solutions
The extent to which the company’s annual investments are directed toward climate solutions, ideally identified through an established taxonomy or descriptive framework.
Bureau of Labor Funds
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