Worth of Equator Principles
To be more socially responsible, Cathay United Bank’s board of directors signed the financing of international environmental norms — the Equator Principles — a few months ago. Cathay United Bank, the first Taiwanese bank to apply the Equator Principles, now implements the rules in banking business.
It assesses the following principles when analyzing a corporate banking loan: review and categorization, environmental and social assessment, applicable environmental and social standards, environmental and social management system and Equator Principles action plan, stakeholder engagement, grievance mechanism independent review, covenants, independent monitoring and reporting, and reporting and transparency. These key factors help bankers find the right loan target.
In the past, bankers giving loan would only consider the profit of fee and interest, neglecting the environmental and social welfare factors. This created a lot of side effects, including environmental pollution and undesirable externalities, which could potentially hurt future generations.
To address long-term social welfare issues, banks, as the rally point of capital and information, should help society to make good choices through the allocation of loans and by following the Equator Principles. If that happens, people might have brighter, safer and more sustainable futures.
Roger Chen
Chiayi
Complexities of burn care
It is unfortunate that some organizations have chosen to criticize decisions made related to the care of burn patients from the Formosa Fun Coast (八仙海岸) fire (“TMA urges respect for burn decisions,” July 16, page 2). Having spent a number of years caring for burn victims in critical condition at a large burn center, I think I can understand where they are coming from. I believe the root cause is frustration. It is frustration with a course of treatment many do not understand very well, and that not all hospitals are equipped to accept or treat these patients.
Burn care is not a simple process. In fact, it is one of the most complex courses of treatment. Not only does it involve the visible injury, but then there are the sometimes hidden inhalation injuries that can be devastating. Along with it comes associated insults to the vascular system and cardiac system, among others. It is not simply a one system injury and decisions on treatment by doctors and nursing staff change daily, even hourly, based on changes in patient response and physical status. It is not a “one size fits all” injury and the sad truth is that while a victim with 70 percent burns might survive, it is possible for a patient with 30 percent burns to succumb to such injuries.
I have seen hospitals completely overwhelmed by seemingly small numbers of burn patients. True, this most likely occurs in smaller communities, but without a staff trained in the acute phase and daily care of the burn patients, most hospitals are pushed to the limit. Initial physical assessment, calculation of a burn percentage and fluid resuscitation requirements, and placing of intravenous lines and catheters can be done in any emergency department. Then there are the specialized studies. It is all rapid response.
Does Taipei have a need for a dedicated burn treatment center? I believe so. How large should it be? That is for the medical community to determine, not politicians. I applaud the reaching out to Japan for assistance and peer review of treatment given to date. There are facilities that would be happy to assist in helping to train staff in the acute, daily and rehabilitation phases of burn care. For the physicians, there are any number of avenues for them to obtain training. In the facility in which I worked, there were always several visiting doctors who were there, for varying amounts of time, for training in both acute and day-to-day burn care.
I would ask that people try to be a bit more patient and understanding before they leap to judge the care these patients are getting. Everyone associated with this disaster is doing their best to alleviate the suffering of the many victims. I wish only the very best for both families and hospital staff.
Tom Kuleck
Taichung
Why is Chinese President Xi Jinping (習近平) not a “happy camper” these days regarding Taiwan? Taiwanese have not become more “CCP friendly” in response to the Chinese Communist Party’s (CCP) use of spies and graft by the United Front Work Department, intimidation conducted by the People’s Liberation Army (PLA) and the Armed Police/Coast Guard, and endless subversive political warfare measures, including cyber-attacks, economic coercion, and diplomatic isolation. The percentage of Taiwanese that prefer the status quo or prefer moving towards independence continues to rise — 76 percent as of December last year. According to National Chengchi University (NCCU) polling, the Taiwanese
It would be absurd to claim to see a silver lining behind every US President Donald Trump cloud. Those clouds are too many, too dark and too dangerous. All the same, viewed from a domestic political perspective, there is a clear emerging UK upside to Trump’s efforts at crashing the post-Cold War order. It might even get a boost from Thursday’s Washington visit by British Prime Minister Keir Starmer. In July last year, when Starmer became prime minister, the Labour Party was rigidly on the defensive about Europe. Brexit was seen as an electorally unstable issue for a party whose priority
US President Donald Trump is systematically dismantling the network of multilateral institutions, organizations and agreements that have helped prevent a third world war for more than 70 years. Yet many governments are twisting themselves into knots trying to downplay his actions, insisting that things are not as they seem and that even if they are, confronting the menace in the White House simply is not an option. Disagreement must be carefully disguised to avoid provoking his wrath. For the British political establishment, the convenient excuse is the need to preserve the UK’s “special relationship” with the US. Following their White House
US President Donald Trump’s return to the White House has brought renewed scrutiny to the Taiwan-US semiconductor relationship with his claim that Taiwan “stole” the US chip business and threats of 100 percent tariffs on foreign-made processors. For Taiwanese and industry leaders, understanding those developments in their full context is crucial while maintaining a clear vision of Taiwan’s role in the global technology ecosystem. The assertion that Taiwan “stole” the US’ semiconductor industry fundamentally misunderstands the evolution of global technology manufacturing. Over the past four decades, Taiwan’s semiconductor industry, led by Taiwan Semiconductor Manufacturing Co (TSMC), has grown through legitimate means
RSS