Far Eastern New Century Corporation issued the first "sustainable development linked bonds" in Taiwan

        Far Eastern New Century Corporation issued the first "Sustainability Linked Bond (SLB)" in Taiwan on September 14, with an amount of NTD2.5 billion and a five-year term. In response to the enterprise's sustainable strategy blueprint, it linked production and marketing activities with the United Nations Sustainability Development Goals (SDGs), "Greenhouse gas emission reduction" and "green product revenue growth" are selected as key performance indicators (KPIs) and sustainability performance targets (SPTs) for sustainable development to demonstrate the company's philosophy and determination to support sustainability development. It is expected to call on more enterprises to respond together and attract investors to participate in the grand event.

                Douglas Hsu of Far Eastern New Century Corporation said that in the face of the threat of global warming, Far Eastern Group actively promoted various carbon reduction actions, took the initiative to assume corporate social responsibility, and fulfilled its sustainability development commitments. Humphrey Cheng President also stressed at the opening ceremony that, in addition to the leader's input and corporate culture, the recycled economy business model of Far Eastern New Century Corporation, more importantly, with the core values of innovation, research and development and sustainable development, gives new life to discarded bottles, reduces greenhouse gas emissions, reduces environmental waste, and protects land and marine ecology, It has been recognized by the Sustainable Products Division of the European Union Executive Council and the International Resource Group of the United Nations Environment Agency and other international organizations.

        At the same time, Far Eastern New Century Corporation has also actively participated in capital market innovation and is committed to playing a sustainable financial indicator enterprise. At present, it is the only enterprise in Taiwan that has obtained the qualification recognition and issuance of four types of sustainability development bonds, and it is also the first non-financial enterprise in Taiwan to be included in the International Capital Market Association (ICMA) Sustainability Development bond database. In the future, we will continue to implement the Sustainability Development strategy, adhere to the spirit of innovation, give play to enterprise influence from the inside out, and work with global partners to implement net zero carbon reduction and contribute to the earth.

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