In spite of the fact that the development of global political and economic situation continued bringing risks, impacts, and challenges to the financial industry in 2024, we still fully demonstrated our business resilience by getting out of the red to create real value to shareholders, customers and employees. Yet today, along with sustainable finance becoming a crucial factor of global economic transformation, we deeply understand that corporate profits is not the only goal. Except complying with legal requirements to integrate ESG into the core of business management, we look forward to a further active implementation of stewardship for the financial and insurance industry as well as making an impact in the supply chain for the industry and maintaining our commitments to all the stakeholders.
Impacted by global trends, governments and enterprises in different countries start to strengthen their policies in climate finance one after another, speed up low-carbon investment, refine the climate risk disclosure mechanism, and focus on the establishment of standards for green finance to ensure financial flows meet the goals of sustainable development. Mercuries Life Insurance responds to 2025 Net Zero Transition Policy and "Green Finance Action Plan 3.0" promoted by the government. We support the development of low-carbon economy through innovative products and services to assist customers and the society move forwards to sustainable futures together.
Facing the challenge of global climate change, Mercuries Life Insurance actively implements our commitments to the environment by incorporating ESG topics in the decision-making process for operation and investment. In addition, we enhance the transparency of greenhouse gas management through continuous voluntary disclosure of Scope 3 carbon emissions as well as access carbon reduction targets with the reference to Science Based Target initiative (SBT). In terms of energy management, we obtained the certification of ISO 50001 Energy Management Systems for the first time to demonstrate our commitments to improvements of energy efficiency. We hope to protect environmental sustainability through our influence in finance.
We carry the service spirit of our brand, "A word of promise, a friend for life", to actively support government policy, expand social safety net, fulfill inclusive finance, and strengthen measures of friendly services. In 2024, we continued shifting resources to provide complete health security to the country. Furthermore, through six aspects of social services,"National Health Promotion", "Caring for Children's Physical and Mental Health", "Promoting the Education of Inclusive Finance", "Enhancing Academic Development of Insurance", "Engaging in Ecological Conservation and Regional Service", and "Arts Promotion", we carried out real actions by social care, positive influence, and creation of shared value.
Additionally, "People" are the most precious asset for Mercuries Life Insurance. We support diverse employee development through multiple talent cultivation measures for staff and a friendly workplace which is supportive, equal, and very inclusive. We fulfill our commitments to shareholders thoroughly from internal talent sustainability to the service level of treating clients fairly.
Ethical management and corporate governance are the foundation of our resilient future. In 2024, we renamed and established the Corporate Governance and Sustainability Committee under the direct management of the Board of Directors to supervise the "Business Sustainability Task Force" that is convened by President on the implementation of sustainability actions, specify the structure of sustainable governance, and further optimize governance efficiency to ensure high standards in transparency, responsibility, and risk management.
Meanwhile, we complete risk monitoring and management through the establishment of responsibility map and the promotion of financial ethics and ethical behaviors. We focus on integrity and transparency while moving forward steadily to create the maximum value for stakeholder.
Looking ahead to 2025, Mercuries Life Insurance will prioritize capital strengthening as its primary objective, while ensuring a smooth transition to the new accounting standards. We will enhance climate risk management, improve the disclosure of sustainability-related data, and continue refining practices for treating clients fairly in order to achieve strong performance in external evaluations. Moreover, we will also invest resources in introducing applications of AI technology and synchronously update talents and software while implementing modernization of the core system. In the next 3-5 years, we aim to enhance the competitiveness in material topics of sustainable management, including financial investment, net zero inventory, working environment for office staff and field personnel, and service quality, based on agile information processing and application to react on expectation from stakeholders and truly fulfill our corporate vision of "professional life insurer capable of creating the best value".