ANZ has delivered a new three-year TW$2 billion sustainability linked loan (SLL) for a Taiwan-based performance materials company, CHIMEI Corporation (CHIMEI), supporting the ongoing investment into more sustainable manufacturing processes.
CHIMEI recently launched its ‘Ecologue™’ product range which is focused on creating new products using recyclable materials and innovative production processes. In 2021, CHIMEI became Taiwan’s first petrochemical operator to join the Science Based Targets initiative (SBTi). To curb temperature rises within 1.5°C, the company have set near-term goal before 2030, and long-term goal of Net Zero emissions by 2050.
Denis Chen, Vice President of CHIMEI, said “Sustainability is key to our business and it is company-wide effort. The loan helps us to further align our product innovation with the company’s sustainable target. We are happy that ANZ is supportive of CHIMEI’s funding requirements for sustainability initiatives.”
ANZ Taiwan CEO Hong Swee Lau said: “We’re pleased to have had the opportunity to support the critical phase for CHIMEI to achieve their sustainability goals and the transaction highlighted ANZ’s ability to successfully support customers’ ESG transformation. We’re confident to support more customers as we see a growing trend in the Taiwan financial market.”
As a leading bank for sustainable finance, ANZ is committed to funding and facilitating at least AUD100 billion towards sustainable solutions for our customers by 2030, including initiatives that help lower carbon emissions and improve environmental sustainability. You can read more about ANZ’s environmental sustainability here.
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