Oriental Union Chemical Corporation collaborates with Mitsui Bank to innovate green finance

        Far Eastern Union Chemical Corporation Petrochemical (Yangzhou) and Sumitomo Mitsui Banking Corporation (China) Co., Ltd. have signed the first "Sustainable Development Linked Letter of Credit (SL-L/C)" contract. SL-L/C refers to a trade financing tool in which the applicant sets sustainable development goals (SPTs) based on their own sustainable development strategy, and encourages applicants to achieve SPTs through a mechanism that links issuance fees and SPTs performance, in order to promote and support the company's sustainable development.

        As an excellent chemical enterprise, Far Eastern Union Chemical Corporation Petrochemical (Yangzhou) actively fulfills its responsibility as an industry benchmark, proactively sets carbon reduction commitments, and continuously implements energy conservation and carbon reduction in the production process through equipment renovation, technological innovation, talent cultivation, and other means, maximizing economic, environmental, and social benefits. The implementation of the Sustainable Development Linked Letter of Credit (SL-L/C) business reflects the efforts and determination of the production and finance departments from the group to the enterprise to promote sustainable development.

        #