Far Eastern New Century Corporation (FENC) (1402) listed its debut Sustainability-Linked Bond (SLB) on September 14 at the Taipei Exchange (TPEx), with an issuance amount of NT$2.5 billion and a five-year term. This echoes with the materiality of FENC’s sustainability strategy blueprint, linking the production and sales activities with the United Nations Sustainable Development Goals (SDGs) and selecting “reduction of GHG emissions” and “growth of green product revenue” as the Key Performance Indicators (KPIs) and Sustainability Performance Targets (SPTs) to demonstrate FENC’s ambition and determination in supporting sustainable development. The Chairman, Douglas Hsu, emphasized that as global citizens facing the threat of global warming, we should actively promote various carbon reduction actions, take the initiative to shoulder corporate social responsibility and fulfill our commitment to sustainable development.
As a global leader in circular economy model, FENC not only relies on leader’s devotion and corporate culture, but also maintains the core values of innovation, R&D as well as sustainable development, infusing new life into waste PET bottles, reducing GHG emissions and waste in the environment, protecting land and marine habitats, which have been recognized by international organizations such as the Sustainable Production Division from Directorate-General for Environment of the European Commission and the International Resource Panel at the United Nations Environment Programme. Meanwhile, FENC actively participates in capital market innovation and is committed to taking a role as pioneer in sustainable finance. FENC, up till now, is the only enterprise to be accredited and have issued four types of sustainable bonds and is also the first non-financial enterprise in Taiwan to have its sustainable bonds registered in the Sustainable Bonds Database of the International Capital Markets Association (ICMA), enhancing the presence of Taiwanese issuers in the international market. FENC will continue to implement sustainable development strategies, uphold continuous innovation, exert corporate influence from the inside out, and work together with global partners to achieve the ultimate goal of net zero carbon reduction and make a contribution to our planet.
This SLB was underwritten by the lead underwriter, Yuanta Securities, a subsidiary of Yuanta Financial Holdings. As one of the leading global entities value corporate sustainability, Yuanta Financial Holdings focuses on climate change and is determined to be a trendsetter for social and environmental practice change. In compliance with the principles of sustainable finance, and responsibility of investment and lending policies, Yuanta Securities is not only the top-ranking bond underwriter in terms of market share, but also acts an active communicator with the competent authorities during the course of promoting the sustainable development blueprint. Many entities are driven to implement sustainability and achieve goals as a result. Yuanta Securities, through introducing capital into sustainable development related financial products via market practice, works with bond issuers and investors to generate financial influence yet also strives to reduce the operational impact on the environment, thereby realizing the sustainable development goals of Yuanta Financial Holdings. (Advertorial)
SECOND-RATE: Models distilled from US products do not perform the same as the original and undo measures that ensure the systems are neutral, the US’ cable said The US Department of State has ordered a global push to bring attention to what it said are widespread efforts by Chinese companies, including artificial intelligence (AI) start-up DeepSeek (深度求索), to steal intellectual property from US AI labs, according to a diplomatic cable. The cable, dated Friday and sent to diplomatic and consular posts around the world, instructs diplomatic staff to speak to their foreign counterparts about “concerns over adversaries’ extraction and distillation of US AI models.” Distillation is the process of training smaller AI models using output from larger, more expensive ones to lower the costs of training a powerful new
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 artificial intelligence (AI) boom has triggered a seismic reshuffling of global equity markets, with Taiwan and South Korea muscling past European nations one by one. With its stock market now valued at nearly US$4.3 trillion, Taiwan surpassed the UK, Europe’s biggest market, earlier this month, data compiled by Bloomberg showed. South Korea is about US$140 billion away from doing the same. The tech-heavy Asian markets have shot past Germany and France in the past seven months. The shift is largely down to massive gains in shares of three companies that provide essential hardware for AI: Taiwan Semiconductor Manufacturing Co (TSMC, 台積電),
The US Department of Commerce last week ordered multiple chip equipment companies to halt shipments of certain tools to China’s second-largest chipmaker, Hua Hong Semiconductor Ltd (華虹半導體), its latest action to slow the country’s development of advanced chips, two people familiar with the matter said. The department sent letters to at least a handful of companies informing them of restrictions on tools and other materials destined for two Hua Hong facilities US officials believe make China’s most sophisticated chips, the people said. Top US chip equipment companies Lam Research Corp, Applied Materials Inc and KLA Corp, each of which has significant
RSS