Far Eastern International Bank collaborates with Far Eastern Resources Development to develop the Taiwan First Green Business Office Sustainable Performance Link symbolized loan

        Far Eastern International Bank, in conjunction with Hua Nan Bank, co hosted the 'Saving Planet! Sustainable City Development Project Financing' for Far Eastern Resources Development, completing the first Sustainability Development Loan project in Taiwan that simultaneously connects green buildings and energy-saving KPIs. This not only links loan pricing with commercial environmental performance, Also expanding the boundaries of green credit services in Taiwan.

        The Syndicated Loan case belongs to the "loan characteristics" oriented perpetual performance linked credit. The bank and financing enterprise agree on environmental performance improvement goals based on their target characteristics. Once the goals are achieved, the bank will provide preferential measures. As one of the targets connected to this case, the annual electricity consumption reduction of the "TPKA R&D Building" in the Far Eastern Group communication park will be included in the indicator; At the same time, the "new green building development projects" developed by Far Eastern Resources Development, "increased registered green building area under the name of property rights", and "improved energy efficiency" will also be included in the key items of loan interest rate discount.

        Thomas Chou President of Far Eastern International Bank said that his confidence in the vision of 2050 net zero carbon emissions has been greatly increased by working together with an affiliated enterprise with aspirations for the green ecosystem. "If the direction is right, the dream is not far away!" Far Eastern International Bank is a member bank of the global Equator Principles, Received the "Best Syndicated Loan Host Bank Award in Taiwan" and the "Best Green Financing Case of the Year in Taiwan" awards from the international financial magazine "Finance Asia", and supported the start-up and operation of Taiwan's first geothermal power plant with special financing; After the establishment of the management mechanism of sustainable finance, the amount of green financing has increased by leaps and bounds, and the proportion of ESG credit balance to legal fund credit has exceeded 20%.

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