After launching the "New Taiwan Dollar Green Fixed Deposit" DBS Bank announced today that Chi Mei, the world's largest ABS resin supplier, has established a green fixed deposit valued at NT$1 billion at DBS Bank Taipei Branch, joining Climate Impact X (CIX), a joint venture global carbon trading platform and becoming one of the first Taiwanese companies to do so.
DBS Bank leads the industry in launching green fixed deposits denominated in New Taiwan Dollars for corporate customers. As of the end of March, a total of 10 companies have participated with a scale of nearly NT$4 billion. Among them, Chi Mei has established a green fixed deposit of NT$1 billion at DBS Bank Taipei Branch. This fixed deposit is the largest at DBS Bank Taipei Branch so far, serving as a source of funding for green loans and sustainability loans.
Managing Director and Head of IBG at DBS Bank (Taiwan), Tony Luo stated that sustainability is an important development strategy for DBS. Through financial products such as sustainability loans and green deposits, DBS will work with customers to implement sustainability, and use green fixed deposits as capital momentum for sustainable development and exclusive green fixed deposit interest rates, so as to incorporate sustainable projects into a company's strategic planning and demonstrate an emphasis on sustainable development.
Chi Mei invested funds in green fixed deposits and joined Climate Impact X (CIX), a global carbon trading platform jointly established in Singapore by DBS Group, Singapore Exchange, and Temasek to meet the needs of carbon credit buyers and sellers with new platforms and products, such as Project Marketplace, which provides natural climate solutions that meet corporate sustainability goals. Auctions can be held for specific carbon credit projects or project portfolios. Exchanges provide multinational companies and institutional investors with standardized contracts to facilitate large-scale, high-quality carbon credit transactions.
CEO of Climate Impact X, Mikkel Larsen, pointed out that CIX demonstrates sustainable thinking and emphasizes high-quality carbon credits and natural climate solutions. Initially focusing on natural climate solutions, it will concentrate on the protection and restoration of forests, wetlands, and mangroves. Natural ecosystems will gradually expand to carbon capture technology and other unnatural climate solutions in the future.
Chi Mei has long been concerned with low-carbon and sustainability issues. In August 2021, it partnered with suppliers to complete the world's first butadiene carbon-neutral transportation by supporting nature conservation and, responding to the UN Principles for Responsible Investment (PRI), supports sustainable development and avoids investing in high-polluting, gaming, tobacco, and alcohol industries with ethical concerns.
In 2021, Chi Mei Industrial included the comprehensive performance of invested companies in the ESG field into investment indicators, as a reference for investment analysis and decision-making. Recently, it has actively participated in the innovation and development of green finance, purchasing green bonds and green fixed deposits issued by the wind power generation industry, public power generation industry, and financial industry. In financial fields such as investment and financing, Chi Mei will continue to promote sustainable green innovation as an important indicator and deepen cooperation with ESG financial partners.
（Image：DBS bank）
