Thu, Jan 09, 2020 - Page 12 News List

Citibank Taiwan and Sunnyfounder power up NGO with green energy

Staff writer

From left, Sunnyfounder cofounder Chen Hui-ping, St Camillus Center for Intellectual Disability Father Giuseppe Didone, Minister Without Portfolio Audrey Tang, Executive Yuan Office of Energy and Carbon Reduction Chief Executive Lin Tzu-lun and Citibank Taiwan chairman Paulus Mok and TCI Co Sustainability Promotion Committee chief secretary Chao Fu-hung attend a news conference in Taipei yesterday.

Photo courtesy of Citibank Taiwan

Responding to the three main criteria of international corporate sustainable development — environmental, social and corporate governance (ESG) — Citibank Taiwan Ltd (台灣花旗) is working hard to cultivate the nation’s domestic green energy industry.

As part of its efforts, Citibank Taiwan has once again teamed up with Sunnyfounder to promote the “Green E2” project.

The project helped the St Camillus Center for Intellectual Disability in Yilan County build a solar energy system, which began operations yesterday.

As part of its efforts to help implement the UN’s Sustainable Development Goals, Citibank Taiwan has formed alliances with businesses, employees, non-governmental organizations, community groups, local government and even one of its corporate clients, TCI Co (大江生醫), to take green energy public service projects to the next level.

“Citigroup’s overall mission is to use responsible finance to promote growth and economic progress. To tackle the threat posed by climate change, guided by the UN’s 17 sustainable development goals, Citibank aims to coordinate with clients, communities, and non-governmental organizations to use the Internet to harness the positive impact of finance and make Earth a more sustainable planet,” Citibank Taiwan chairman Paulus Mok (莫兆鴻) said.

“Since 2017, Citibank Taiwan has been helping non-governmental organizations [NGOs] develop their own sustainable solar power energy generation solutions. Through the Green E2 project, Citibank has not only promoted public welfare and green energy and helped NGOs expand the impact of green energy, we have also been very happy to learn our goals are shared by our clients,” Mok said.

“TCI last year agreed to purchase renewable energy certificates from the St Camillus Long-term Care Center as part of a project sponsored by Citibank Taiwan. It was a symbolic deepening of ties between Citibank Taiwan and its client, and a concrete realization of the UN’s Sustainable Development Goals criteria of “goal promotion and partner relationships,” he added.

In 2018, Citibank Taiwan entered into a partnership with the St Camillus Long-term Care Center, which is also in Yilan County, to build a solar energy system, thereby pioneering renewable energy certification in Taiwan.

Last year, Citibank Taiwan and TCI joined forces to promote the Green E2 project and to provide assistance to the St Camillus Center for Intellectual Disability.

Within the green energy public service project Citibank Taiwan worked together with Sunnyfounder to invite employees and the wider public to join the Yilan County Government in a fundraising activity to help the center build a 23.87 kilowatt-peak (kWp) solar energy system.

The system would enable the center to produce renewable energy for its own consumption, reduce the cost of its electricity bills and allow it to sell excess supply through Taiwan’s domestic energy certificate exchange platform, thereby expanding the benefits it can derive from its green energy generation.

TCI also pledged to purchase Taiwan Renewable Energy Certificates (T-Rec) for green energy produced by the center, providing it with a stable additional revenue stream.

Following an appeal from Citibank Taiwan, a diverse group of green energy public service partners have joined forces to provide assistance to the center, which will allow it to produce a “green profit” of more than NT$1.9 million (US$ 63,150) over the next two decades.

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