Taiwan's best bank for ESG 2022: Taipei Fubon Bank
Asiamoney is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024
Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement
AwardsBest Bank Awards

Taiwan's best bank for ESG 2022: Taipei Fubon Bank

Taipei Fubon Bank

Roman Cheng, President, Taipei Fubon Bank.jpg
Roman Cheng, Taipei Fubon Bank

Environmental, social and governance (ESG) principles have long been embedded in Taipei Fubon Bank’s thinking.

For every loan or credit decision, the bank’s leaders look not only at the credit fundamentals of the client, but also their ESG scores.

Fubon has a dedicated ESG team that covers all green products, working in close collaboration with the credit team and the bank’s relationship managers. These synergies have put three ESG areas in sharp focus for Fubon: renewable energy finance, offshore wind project finance and ESG-related loan syndication.

Since 2017, Fubon has been one of the pioneer banks in Taiwan for renewable-energy project finance and advisory. By the end of March this year, it had financed more than four gigawatts of renewable energy, capable of generating about 11 billion kilowatt hours a year of green power. This is equivalent to roughly 5.5 million tonnes of carbon reduction annually.

Another impressive feat? Financing about 2.65GW of offshore wind farms over the past five years, giving it a 20% share of the industry.


Gift this article