Bank of Taiwan (2023)

Signing Date 06 May 2022
Region of Headquarters: Asia-Oceania
Current EPFI Reporting Year/Period: 2023
Institutional Reporting: Link to Report

 

Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP website.

Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.

Project Finance Advisory Services

Total number mandated in the reporting period: 0

Project Finance Transactions

Total number that reached Financial Close in the reporting period: 1

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure
Oil & Gas
Power 1
Others
Region
Americas
Europe, Middle East & Africa
Asia Pacific 1
Country Designation
Designated Country 4
Non Designated Country 1
Both
Independent Review
Yes 1
No
Totals 1
1

Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.

2

Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.

3

Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.

4

Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment.

Project-related Refinance & Project-related Acquisition For Project Finance

This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.

Project Name Reporting For Project Finance (And Project-related Refinance & Project-related Acquisition Finance For Project Finance)

Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 1

Under EP4, project name reporting is required for Project Finance transactions that have reached Financial Close and encouraged for Project-Related Corporate Loans that have reached Financial Close.

Project-Related Corporate Loans

Total number that reached Financial Close in the reporting period: 0

Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans

This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.

Implementation of the Equator Principles

The Implementation of the Equator Principles in Bank of Taiwan

Bank of Taiwan (BOT) became signatories to the Equator Principles since 2022. To assess the E&S risk and implement risk management framework more efficiently, BOT set up Sustainable Finance Section within the Credit Management Department to serve as the primary unit responsible for drafting internal regulations related to the Equator Principles and reviewing Equator Principles cases. All corporate credit cases processed by BOT are required to be evaluated for their applicability to the Equator Principles, ensuring proper identification and management of environmental and social risks in our lending operations.

Comprehensive capacity building

To stay up-to-date with the latest sustainability trends, BOT actively participated in webinars and regional calls organized by the Equator Principles Limited and NGOs such as WECAN and BankTrack in 2023. Additionally, to familiarize credit officers with the processes involved in handling credit cases according to the Equator Principles, BOT has incorporated the Equator Principles and sustainability finance topics into credit business training courses and the bank’s standard credit business curriculum, promoting awareness and understanding of environmental and social risks among staff.