Skip to main content block
:::

Land Bank of Taiwan Adopts the Equator Principles Advancing the Fulfillment of Sustainable Finance

 

To enhance environmental and social (E&S) risk management along with the global financial industry and to assist corporate partners moving towards sustainable operation, Land Bank of Taiwan (LBOT) officially signed to join the Equator Principles Association on June 14th, 2022 as the 7th among the state-owned banks in Taiwan . In the future, LBOT will work together with corporate partners to fulfill the spirit of ESG and sustainable finance through incorporating the Equator Principles into its credit management system.

 

The Equator Principles is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects and is primarily intended to provide a minimum standard for due diligence and monitoring to support responsible risk decision-making. After joining the Equator Principles Association, LBOT will assess the E&S risks of project financing and project-related corporate loans, and conduct regular follow-up monitoring to avoid causing major risks to the environment and the society.

 

Climate change has posed more and more severe risks to the industries, and has become a challenge to corporates around the world. Thus, it is important that the financial industry be the driver for industrial transformation. In terms of green finance, LBOT has been promoting financing in green energy and industries outlined in the domestic “5+2 innovative industries plan” and has issued its first sustainability bond in 2021. LBOT joins hands with green and sustainable industries to create new economic momentum, encouraging industrial development towards low-carbon transition and enhancing industrial resilience with the power of financing.

 

Joining the Equator Principles Association is an important milestone for LBOT on our way to sustainable development. In the future, LBOT will actively align with the global trends in sustainable finance, and keep up with the spirit of integrity, steady growth and sustainable development to commit to the solid practice of corporate social responsibility.

Release date: 2022/06/13 Last updated: 2022/06/14
︿