Second-Party Opinion Download

Sustainalytics is of the opinion that the Taiwan Cement Corporation Green Financing Framework is credible and impactful and aligns with the four core components of the Green Bond Principles 2021 and Green Loan Principles 2023. The eligible categories for the use of proceeds – Alternative Fuels and Materials; Circular Economy Adapted Products, Production Technologies, and Processes; Energy Efficiency; Pollution Prevention and Control; Sustainable Water and Wastewater Management; Renewable Energy; Clean Transportation; Green Buildings; and Environmentally Sustainable Management of Living Natural Resources and Land Use – are aligned with those recognized by the applicable principles. Sustainalytics considers that the investments in the project categories are expected to lead to positive environmental impacts and the activities under the use of proceeds project categories to be credible from a transition perspective.