Far Eastern International Bank collaborates with Far Eastern Resources Development to develop and strengthen the green economy, winning the Triple A Sustainable Finance Award from THE ASSET

        Far Eastern International Bank and Far Eastern Resources Development jointly launched the "Saving Planet! Sustainable City Development Project Financing" in July 2023, which is the first ESG syndicated loan project in Taiwan to connect green building businesses and sustainable performance indicators. In February 2024, they participated in the "Triple A Awards 2024- Sustainable Finance" sustainable finance award held by the international financial media magazine The Asset, leveraging their Sustainability Development strategy and commitment, combined with outstanding performance in the fields of financial innovation and real estate development. Effectively winning the Best Sustainability Linked Loan Real Estate Taiwan award, promoting the forward-looking and sustainable design concept of land development internationally.

        This award is aimed at recognizing financial institutions, enterprises, and individuals who have made outstanding contributions to sustainable finance, providing an opportunity for diversified exchanges in the industry, and is an important platform for promoting sustainable financial development. Far Eastern International Bank actively utilizes its expertise in the financial supply chain to guide Jinliu to work together to strengthen Taiwan's green industry. This award-winning project will link loan pricing to performance indicators such as greenhouse gas emissions, electricity management, energy consumption, and waste reduction for green building businesses. As long as the sustainable performance meets the goals set in the credit contract, loan interest rate incentives will be provided. Ji Zhenghua, Vice President of the Corporate Finance Business Group, stated that this award not only inspires the financing team of Far Eastern International Bank ESG project, but also represents the recognition of Taiwan's innovative credit structure for sustainable performance linked loans by international financial experts.

        Far Eastern International Bank responded to the Financial Supervision Commission's "Green Finance Action Plan 3.0" to promote successful ESG credit. At the end of 2023, the ESG credit balance increased by 67% compared to the previous year, accounting for 28% of the total corporate financial credit balance. Among them, the performance of the sustainable performance linked loan business with a significant growth of 207% was the most impressive. Faced with global trends, Far Eastern International Bank continues to practice the development strategy of sustainable finance, not only expanding ESG credit business, but also advancing the boundaries of sustainable linked financing with an innovative credit architecture, working together with governments and enterprises to pursue a net zero vision.

        The development of Far Eastern Resources is centered around promoting green buildings and building sustainable cities, and is committed to working with Far Eastern International Bank to promote local green building development through sustainable finance. In order to revitalize the land assets under Far Eastern Group, Far Eastern Resources Development has developed the Taipei Far Eastern Group Communication Park Tpark located in Banqiao through real estate planning and management, making it the first industrial park in Taiwan to be certified by the American Green Building Association LEED Campus. At the same time, large-scale development projects have been planned in Yilan Jiaoxi, Taoyuan Zhongli, and other places. With the efforts of all colleagues and the entire group, we are moving towards the goal of Sustainability Development. Far Eastern Resources Development is not just a pioneer in the industry, but also a practitioner and innovator. We adhere to our commitment to the environment and sustainability development, demonstrate resilience and flexible innovation capabilities, and hope to bring more contributions to the development of sustainable cities.

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