In response to the escalating impacts of climate change, Taiwan Bank is leveraging its financial influence to accelerate the path to net-zero emissions, actively contributing to mitigating global warming. Following the board of directors’ approval of the “Sustainable Credit Policy” in 2023, which committed to ceasing new financing for “coal mining-only companies” and “project financing for coal-fired power plant construction,” Taiwan Bank is reaffirming its sustainability commitment in 2025.
As the nation’s bank and Taiwan’s financial cornerstone, Taiwan Bank has supported enterprises through their entrepreneurial and growth journeys. Under the revised policy, starting in 2035, the bank will no longer provide new financing to companies where revenue from coal mining, coal-fired power generation, or unconventional oil and gas (such as shale oil and oil sands) extraction, transportation, sales, or related infrastructure exceeds 50%, unless these companies propose concrete carbon reduction targets or transition plans, or the funding aligns with sustainable development purposes. For existing loans, Taiwan Bank will actively engage with companies to monitor their carbon reduction actions and progress, fostering discussions and negotiations to support enterprises in achieving sustainable transitions.
Reference : https://www.cmmedia.com.tw/home/articles/52111