Bureau of Labor Funds
Created in 2005, Labor Pension Fund is a Taiwanese defined contribution scheme. The fund is a part of Taiwanese Labor Funds governed by the Ministry of Labor. During the assessed period the reported number of employees was 159 and assets under management corresponding to USD 203.8 billion were reported.
Leading practices
Bureau of Labor Fund performs moderately well in the area of governance and stewardship. On governance, it assigns responsibility for implementing its sustainability strategy to functions, teams or committees within the financial institution. Stewardship-wise, it has a stewardship policy that supports environmental transitions and social best practices in line with its sustainability strategy. Additionally, it publishes an engagement/stewardship report describing the outcome of engaging on sustainability impact topics.
Risks and opportunities
Overall, Bureau of Labor Funds behind many of its peers in terms of overall disclosure. It is hence recommended that the financial institution uses this benchmark as a guide to disclose more on sustainability practices and performance across measurement areas with regards to its provision of products, capital and services, as well as considering its own operation and supply chain.
Disclaimer
This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.
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More about the company
- Headquarters
- Taiwan, China
- Ownership structure
- Government
- Results 2024
- AuM USD 203.8 billion
- Number of employees
- 159
- Website
- http://www.bli.gov.tw
