TCFHC Strengthens Sustainable Finance by Joining the Equator Principles Association
2022-03-30
Taiwan Cooperative Financial Holding Co., Ltd. (TCFHC) announced its official adoption of the Equator Principles (EPs) on March 30, 2022, marking TCFHC the 131th member of the EP Association.
In order to strengthen the implementation and contribution of sustainable finance, TCFHC extended the scope of application of the Equator Principles to all its subsidiaries. TCFHC’s subsidiaries have introduced the Equator Principles to their credit assessment processes to reduce potential credit risks and to fulfill environmental protection and social care. As the bellwether in the field of climate change issues in the financial industry, TCFHC’s participation of the Equator Principles Association in the name of a financial holding company manifests its emphasis on ESG-related risks and its devotion to cooperate with enterprises in sustainable development and low-carbon transition.
Under the proactive leadership of Chairman Paul C.D. Lei, TCFHC has continuously supported sustainable development issues through integrating the Principles for Responsible Banking (PRB) and the Principles for Responsible Investment (PRI) initiatives, and actively responding to the Paris Agreement and Taiwan government’s domestic net-zero emission target. Moreover, TCFHC supports the Task Force on Climate-Related Financial Disclosures (TCFD) framework to identify climate-related risks and opportunities, launches ESG-linked loans and various ESG funds, and issues green bonds, sustainability bonds, and social bonds to mitigate the impact of climate change and contribute to sustainable development with financial influences.
As a responsible fund provider, TCFHC has actively adopted the spirit of the Equator Principles before the official adoption, incorporating environmental protection, social responsibilities and other ESG-related factors in credit review processes. Furthermore, for large-scale project financing, specialized operating regulations have been formulated and an interdepartmental “project financing working group” has been set up to strengthen risk management and carry out the spirit of the Equator Principles.
In order to continually reinforce and advocate sustainable actions with associates, TCFHC will ardently utilize core financial strength to guide and collaborate with them to fulfill ESG schemes. As a result, a sustainable financial ecosystem can be successfully established, and TCFHC can work with corporate partners to create a win-win situation for the industry, the environment, and the society as well.
About the Equator Principles
Established in June 2003, the Equator Principles is a globally recognized 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. As of today, 131 financial institutions in 39 countries have adopted the Equator Principles.
In order to strengthen the implementation and contribution of sustainable finance, TCFHC extended the scope of application of the Equator Principles to all its subsidiaries. TCFHC’s subsidiaries have introduced the Equator Principles to their credit assessment processes to reduce potential credit risks and to fulfill environmental protection and social care. As the bellwether in the field of climate change issues in the financial industry, TCFHC’s participation of the Equator Principles Association in the name of a financial holding company manifests its emphasis on ESG-related risks and its devotion to cooperate with enterprises in sustainable development and low-carbon transition.
Under the proactive leadership of Chairman Paul C.D. Lei, TCFHC has continuously supported sustainable development issues through integrating the Principles for Responsible Banking (PRB) and the Principles for Responsible Investment (PRI) initiatives, and actively responding to the Paris Agreement and Taiwan government’s domestic net-zero emission target. Moreover, TCFHC supports the Task Force on Climate-Related Financial Disclosures (TCFD) framework to identify climate-related risks and opportunities, launches ESG-linked loans and various ESG funds, and issues green bonds, sustainability bonds, and social bonds to mitigate the impact of climate change and contribute to sustainable development with financial influences.
As a responsible fund provider, TCFHC has actively adopted the spirit of the Equator Principles before the official adoption, incorporating environmental protection, social responsibilities and other ESG-related factors in credit review processes. Furthermore, for large-scale project financing, specialized operating regulations have been formulated and an interdepartmental “project financing working group” has been set up to strengthen risk management and carry out the spirit of the Equator Principles.
In order to continually reinforce and advocate sustainable actions with associates, TCFHC will ardently utilize core financial strength to guide and collaborate with them to fulfill ESG schemes. As a result, a sustainable financial ecosystem can be successfully established, and TCFHC can work with corporate partners to create a win-win situation for the industry, the environment, and the society as well.
About the Equator Principles
Established in June 2003, the Equator Principles is a globally recognized 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. As of today, 131 financial institutions in 39 countries have adopted the Equator Principles.
