Taiwan Business Bank, Ltd. (First Year Implementation)
| Signing Date | 16 Sep 2022 |
| Region of Headquarters: | Asia-Oceania |
| Current EPFI Reporting Year/Period: | First Year Implementation (16 Sep 2022 - 31 Dec 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.
Implementation of the Equator Principles
To facilitate the development of sustainable finance and guide businesses to pay attention to environmental protection and social responsibility while strengthening management of environmental, social, and governance (ESG) risks within itself, the Bank signed to join the Equator Principles Association on September 16, 2022.
The Bank has implemented a loan application review process and established TBB’s Guidelines for Equator Principles Compliant Loan Review according to the Equator Principles published by the Equator Principles Association. When a loan application is accepted, the Equator Principles Applicability Checklist, a tool designed to assess if the Equator Principles apply to the loan, should be completed and verified by the Business Unit Manager. Becoming a member of the EPs Association is an important milestone for TBB. TBB will continue to exert its financial influence and utilize its financial professional services, motivating small and medium enterprises to accomplish the low-carbon transition, increase industry resilience, and bring the positive value of sustainable transition to society.
To ensure that each unit is well-equipped with the Equator Principles mechanism and newly adopted forms, Taiwan Business Bank has commissioned an external consultant to conduct two comprehensive training courses for the environmental and social risk team and all the business branches in 2022 and 2023. This initiative highlights our commitment to professional development and our collective effort to deepen our colleagues’ awareness of environmental and social risks. We are confident this training will fully enable us to implement the Equator Principles. The Equator Principles Ltd website: https://equator-principles.com/
Credit process for EP projects:
| Procedure | Loan application submission | Collection of the required documents | Credit check and investigation | Case Review | Contract signing and loan drawdown | Post-Loan management |
| Items | Confirmation of the applicability of the Equator Principles | Conduct an environmental and social risk assessment -Category A -Category B -Category C |
Category A&B, Collection of the required documents for environmental and social risk assessment | Environmental and social risk assessment review | Incorporation of the Equator Principles-related clauses in the contract | Periodic monitor of environmental and social risk |
| Responsible Unit | Branch | environmental and social risk team | Branch & environmental and social risk team | Branch & environmental and social risk team | Branch | Branch & environmental and social risk team |
https://www.tbb.com.tw/en-us/sustainability/governance/responsible-finance