Sustainable Financing Milestone in Taiwan: HSBC signed USD20 millions Sustainability Linked Loan with GlobalWafers

HSBC Bank (Taiwan) Limited takes a big step forward in sustainable financing to announce the USD20 millions Sustainability Linked Loan signed with GlobalWafers Co., Ltd. HSBC will provide the preferential interest rate once GlobalWafers achieves the sustainability linked targets (ex: carbon emission, electricity consumption and toxic and waste reduction) during the next year.

GlobalWafers is the third-largest silicon wafer supplier in the world and the top one in Taiwan, operations across EU, US and Asia. GlobalWafers focuses on sustainable and recyclable finance, promotes 4Rs (Reduce-Reuse-Recycle-Redesign) polices. Factories have been awarded Green Building Certification and Green Factory Certification from Industrial Development Bureau, Ministry of Economic Affairs. The Sustainability Linked Loan signed with HSBC is believed a concrete achievement of Corporate Sustainability.

“We noticed the requirement for ESG solutions is more and more rigorous in the world, in addition, HSBC Group has committed to provide USD750bn to USD1,000bn sustainable related loans and investments before 2030. We believe there’s immediate demand for sustainable related products. As the pioneer in sustainable finance, HSBC Taiwan will cooperate with clients to promote ESG responsibility. This Sustainability Linked Loan would be a milestone for HSBC Taiwan’s path in growing green finance opportunities.”, said by Stanley Hsiao, the Head of Commercial Banking, HSBC Bank (Taiwan) Limited.

According to Stanley Hsiao, HSBC Taiwan promotes sustainable finance through the innovation in green finance product, tool and business model. This is not only the first Sustainability Linked Loan between HSBC Taiwan and GlobalWafers, but also to push forward the sustainable development for GlobalWafers. HSBC Taiwan expects the further cooperation with GlobalWafers to operate and develop business under the current Low-Carbon Economy trend in the world. “Meanwhile, we expect to collaborate with more and more corporate partners to promote the green loan business. To do our best for the sustainable development in society,” said by Stanley Hsiao.

“Sustainable development is indispensable for GlobalWafers; we keep improving our ESG strategies to efficiently utilize resources for important sustainable topics. With the shared-valued partner, HSBC Taiwan, we are looking forward to opening the new chapter for our sustainable development.”, said  Doris Hsu, chairlady of GlobalWafers Co., Ltd.

HSBC Group together with LMA and APLMA announced the latest Sustainability-Linked Loan Principles in May 2020, to introduce the details and meaning for environment and society of Sustainability Linked Loan. In addition to above principles, the Sustainability Linked Loan provided by HSBC Taiwan aims to encourage corporates, to achieve the realistic and countable targets and plans from a broad perspective.

HSBC Group commits to build up Zero-Carbon Economy with corporate partners, and consistently develops sustainable opportunities. HSBC targets to achieve zero carbon emission from loans and investments by 2050, and have all banking operations rely on renewable energy by 2030.