In line with its commitment to green finance, the bank participated in the Taipei International Plastics & Rubber Industry Show from September 24 to 28, 2024.With a focus on the themes of “Low-Carbon Transition, Ocean Sustainability” and “Smart Machinery Industry Upgrades,” the bank is helping local plastics, rubber, and machinery industries establish low-carbon, green supply chains.
In recent years, the Taipei International Plastics & Rubber Industry Show has centered around three key themes: “Innovative Materials,” “Advanced Manufacturing,” and “Circular Economy.” This year's show not only featured prominent companies but also attracted new players from the composite materials industry, showcasing cutting-edge R&D results and the emerging value chains within the plastics and rubber industry ecosystem.
To promote the low-carbon green transition, the Executive Yuan has been advancing the “5+2 Industrial Innovation Plan” since 2016, establishing the “Green Energy Technology Industry Innovation Promotion,” which has now progressed to version 2.0. This initiative focuses on four main pillars: “Green Energy Promotion,” “Industrial Development,” “Technological Innovation,” and “Green Finance,” to transform Taiwan into a safe, clean, and sustainable smart energy island and further positioning it as the Asia-Pacific Green Energy Hub.
As Taiwan continues to succeed in industrial innovation, the bank has actively responded to the vision of green finance. To extend its financial influence, it has integrated sustainable development principles into syndicated loan conditions and implemented responsible lending practices. As of the end of July 2024, the bank had facilitated 31 sustainability-linked syndicated loan projects totaling NTD195.2 billion, with NTD53.8 billion allocated.
In addition to developing an E (Environment), S (Social), G (Governance) credit evaluation process, the bank has utilized the “TESG Sustainability Development Index” database in recent years to gather information on the sustainability practices of publicly listed corporate clients. To further enhance the competitiveness of domestic industries, the bank has introduced several financing projects, including “Solar Photovoltaic and Energy Storage Equipment Loans,” “Green Building Financing Marketing Programs,” and “Low-Carbon Transition, Ocean Sustainability” financing projects. These initiatives encourage enterprises to improve their ESG performance, promote low-carbon transitions, achieve smart upgrades, and generate sustainable ecological benefits.
Aligned with the Financial Supervisory Commission’s “Corporate Governance 3.0 - Blueprint for Sustainable Development,” the “Green Finance Action Plans 2.0 and 3.0,” and the national goal of net-zero emissions by 2050, the bank is actively leveraging its financial influence to guide and support corporate development under the premise of ESG sustainability. This effort is creating a financial ecosystem of mutual prosperity between banks, businesses, and the broader social environment.
Contact: Chih-Cheng Hung
Tel.: 02-2348-3339
