CTBC Financial Park (中國信託金融園區), a commercial complex in Taipei’s Nangang District (南港), in December last year was awarded the US Green Building Council’s top honor under its Leadership in Energy and Environmental Design (LEED) building rating system, CTBC Bank (中國信託銀行) said in a press release on Thursday last week.
LEED is a “green” building certification program based on a system that rates for design, construction, operation and maintenance of environmentally friendly buildings. There are four levels of certification — certified, silver, gold and platinum.
CTBC Financial Park received a platinum LEED v4.1 rating, becoming the first building in Taiwan’s financial industry to have achieved the feat.
Photo courtesy of CTBC Bank
Its score was higher than those of the Willis Tower and the Empire State Building in the US, the bank said.
This came after the complex in 2018 won a diamond rating, the highest in Taiwan’s ecology, energy saving, waste reduction and health certification system.
“CTBC Financial Park aimed to become a ‘zero-carbon green building’ in the planning stage. It also looks to implement the vision of low-carbon buildings in terms of low-carbon transportation, energy management, green lighting and smart air conditioning,” CTBC Bank chairman Thomas Chen (陳國世) said after receiving the award from the council.
As the largest bank in Taiwan, CTBC is committed to playing an important role in a low-carbon economy and exerting its influence on the sustainable economic model, Chen said.
CTBC Bank scored 83 points in the LEED v4.1 Platinum certification and received the first LEED Dynamic Plaque in Taiwan, which provides a real-time LEED score for areas including energy saving, water conservation, waste management and indoor air quality on an exclusive Web site.
The scoring platform offers a global benchmark analyzed by big data algorithms in comparison with international buildings. Details can be found online at: https://app.arconline.io/plaque/1000120331/lZjWV8hRRF4JeKLpru5kLq0E.
As a shareholder and long-term partner of Taipei 101, CTBC Bank knows that Taipei 101 has been selected as the most influential skyscraper in the world, with many years of experience in green building operations and LEED certification.
Relying on Taipei 101’s expertise, CTBC said it has worked hard for a year to obtain the platinum LEED certification.
With this rating, CTBC Financial Park has scored much higher than the global standard.
The park has constructed skybridges and is near MRT Nangang Software Park Station to encourage the use of low-carbon transportation, the bank said.
It has rainwater recovery ponds with a storage capacity of 2,625 tonnes, which manage urban runoff; it uses white roofs to reduce the urban heat-island effect; it has a food waste composting operation; and it uses low-level lighting to reduce environmental light damage, the bank said.
The bank said energy saving in the complex also leads its peers in Taiwan, as the office floors use a chilled beam air conditioning system and an ice storage system to reduce energy consumption and greenhouse gas emissions while helping shift peak demand.
In addition, the office spaces are fully equipped with LED lamps and the complex has installed solar panels with a total area of 699m2, it added.
The complex uses green paper products certified by the Forest Stewardship Council for green procurement and has floor scales to effectively control the weight of waste and recycled materials to promote optimized classification and reduction of waste and increase the recycling rate from 18 percent to 51 percent, CTBC said.
CTBC holds monthly environmental education seminars and promotes Taiwan’s unique fern ecological environment, which helped it to gain recognition from the International Federation of Landscape Architects (IFLA) Asia-Pacific region, winning an award of excellence at the IFLA Asia-Pac LA Awards in the Parks and Open Space Category in September last year, it said.
To improve environmental, social and governance, and remain in line with global sustainable financial development trends, CTBC last year announced that it would join the Equator Principles Association and follow the UN Principles for Responsible Banking, the UN Principles for Responsible Investment and the UN Principles for Sustainable Insurance.
The bank said it plans to participate in the global Financial Stability Board’s Task Force on Climate-related Financial Disclosures to contribute to sustainable business.
MANAGING RISKS: Taiwan has secured LNG sufficient to cover 95 percent of electricity demand for next month, UBS said, describing the government’s approach as proactive UBS Group AG has raised its forecast for Taiwan’s economic growth this year to 8 percent, up from 6.9 percent previously, and said expansion could reach as high as 8.6 percent if external energy shocks are avoided. The upgrade reflects a stronger-than-expected first-quarter performance and sustained momentum in artificial intelligence (AI)-driven exports, which UBS said are providing a firm foundation for growth despite geopolitical and energy risks. Taiwan’s GDP expanded 13.69 percent year-on-year in the first quarter, the fastest growth since the second quarter of 1987, the Directorate-General of Budget, Accounting and Statistics (DGBAS) reported on Thursday. On a seasonally
Ryanair, Transavia, Volotea and other low-cost airlines are feeling the financial pain from high jet fuel prices as a result of the Middle East war and are cutting flights. The closure of the Strait of Hormuz has taken a huge chunk of oil supplies off the market, sending the price of jet fuel soaring and triggering fears of shortages that could force airlines to cancel flights. Airlines are not waiting for a lack of supplies to react. “Travel alert: Airlines are cutting thousands of flights right now,” Travel Therapy host Karen Schaler said in an Instagram reel this past weekend.
Shares of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) have repeatedly hit new highs, but an equity analyst said the stock’s valuation remains within a reasonable range and any pullback would likely be technical. The contract chipmaker’s historical price-to-earnings (P/E) ratio has ranged between 20 and 30, Cathay Futures Consultant Co (國泰證期) analyst Tsai Ming-han (蔡明翰) told Central News Agency. With market consensus projecting that TSMC would post earnings per share of about NT$100 (US$3.17) this year, supported by strong global demand for artificial intelligence (AI) applications, and the stock currently trading at a P/E ratio of below 25, Tsai said the valuation
The list of Asian stocks that benefit from business partnership with Nvidia Corp is getting longer, as the region further integrates into the artificial intelligence (AI) chip giant’s business ecosystem. Just in the past week, South Korea’s LG Electronics Inc, Taiwan’s Nanya Technology Corp (南亞科技), as well as China’s Huizhou Desay SV Automotive Co (德賽西威) and Pateo Connect Technology Shanghai Corp (博泰車聯) have become the latest to rally on news of tie-ups, supply-chain participation or product collaboration with the US chip designer. Asian suppliers account for about 90 percent of Nvidia’s production costs, up from about 65 percent last year, data compiled