E.SUN Bank’s “E.SUN ESG Initiative Event” was convened for the third consecutive year in Taipei, Taiwan. President Tsai Ing-wen, Secretary-General Lin Chia-lung, Deputy Minister Yeh Chun-hung of the Ministry of the Environment, and Vice Chairman Chiu Shu-chen of the Financial Supervisory Commission (FSC) attended to support. More than one hundred excellent companies enrolled the initiative to advocate for the implementation of net-zero target.
The “E.SUN Sustainability Initiative Event” was launched in 2021 with 32 participating corporates, in 2022, the initiative garnered significant response, with a total of 101 influential companies accounted for an impressive NT$5.08 trillion in total revenue, they represented over 23% of Taiwan’s GDP in 2021. This year, the number of participating companies has increased to 157, including top performers in global market share, key component suppliers, and Taiwanese enterprises running in the USA, Australia, and ASEAN countries. Experienced consulting firms specializing in sustainability and net-zero also joined the initiative. They are committed to reducing greenhouse gas emissions through concrete energy-saving and carbon reduction actions to mitigate environmental impact.
President Tsai Ing-wen wrote down her blessing message “A better Taiwan to the World”, demonstrating her determination to accelerate the transition to net-zero. She appreciated that more companies are joining the ESG advocacy, and she expresses strong confidence in Taiwan’s bright future. President Tsai noted that the more companies start taking actions, the closer we can reach the target. President Tsai expects more companies to take action and to engage stakeholders in zero-carbon transformation, turning challenges into new opportunities, enabling Taiwan’s industries with strong competitiveness to face the global trend of sustainable development and the requirements of green supply chains.
Photo: E.SUN Bank
E.SUN specially invited Helen Clarkson, CEO of The Climate Group, and Sam Kimmins, Chairman of RE100, to share their expectations and encouragement for Taiwan’s sustainable development through video. Additionally, the event featured expert discussions focusing key issues from various angles, including international trends, government policy, corporate practices, and talent development, to help address the challenges of net-zero sustainability and implement sustainability transformation effectively.
Chairman of E.SUN Joseph Huang emphasized that sustainability and climate action have become a new global language. Through the collective strength of the financial sector, E.SUN aims to amplify its positive influence and expand global perspective alongside its advocacy partners, and strengthening Taiwan’s sustainable competitiveness!
Photo: E.SUN Bank
Photo: E.SUN Bank
Nissan Motor Co has agreed to sell its global headquarters in Yokohama for ￥97 billion (US$630 million) to a group sponsored by Taiwanese autoparts maker Minth Group (敏實集團), as the struggling automaker seeks to shore up its financial position. The acquisition is led by a special purchase company managed by KJR Management Ltd, a Japanese real-estate unit of private equity giant KKR & Co, people familiar with the matter said. KJR said it would act as asset manager together with Mizuho Real Estate Management Co. Nissan is undergoing a broad cost-cutting campaign by eliminating jobs and shuttering plants as it grapples
TEMPORARY TRUCE: China has made concessions to ease rare earth trade controls, among others, while Washington holds fire on a 100% tariff on all Chinese goods China is effectively suspending implementation of additional export controls on rare earth metals and terminating investigations targeting US companies in the semiconductor supply chain, the White House announced. The White House on Saturday issued a fact sheet outlining some details of the trade pact agreed to earlier in the week by US President Donald Trump and Chinese President Xi Jinping (習近平) that aimed to ease tensions between the world’s two largest economies. Under the deal, China is to issue general licenses valid for exports of rare earths, gallium, germanium, antimony and graphite “for the benefit of US end users and their suppliers
Dutch chipmaker Nexperia BV’s China unit yesterday said that it had established sufficient inventories of finished goods and works-in-progress, and that its supply chain remained secure and stable after its parent halted wafer supplies. The Dutch company suspended supplies of wafers to its Chinese assembly plant a week ago, calling it “a direct consequence of the local management’s recent failure to comply with the agreed contractual payment terms,” Reuters reported on Friday last week. Its China unit called Nexperia’s suspension “unilateral” and “extremely irresponsible,” adding that the Dutch parent’s claim about contractual payment was “misleading and highly deceptive,” according to a statement
The Chinese government has issued guidance requiring new data center projects that have received any state funds to only use domestically made artificial intelligence (AI) chips, two sources familiar with the matter told Reuters. In recent weeks, Chinese regulatory authorities have ordered such data centers that are less than 30 percent complete to remove all installed foreign chips, or cancel plans to purchase them, while projects in a more advanced stage would be decided on a case-by-case basis, the sources said. The move could represent one of China’s most aggressive steps yet to eliminate foreign technology from its critical infrastructure amid a
RSS