ASE Group has issued Asia’s first corporate Green Bond through its subsidiary Anstock II Limited, a US$300 million three-year senior offering, to demonstrate its commitment on transition to low-carbon and climate resilient growth.
In 2015, ASE's Green Bond was awarded Country Deals of the Year 2014 by Asiamoney. In 2016, ASE was further certified as First Emerging Market Corporate Green Bond and First Green Bond in Taiwan by Climate Bonds Initiative (“CBI”).
Green Bond is a debt instrument issued under the Green Bond Principles, which are voluntary process guidelines developed by issuers, investors, and environmental groups to recommend transparency and disclosure and promote integrity in the development of the Green Bond, and with defined guidelines on Use of Proceeds, Process for Project Evaluation and Selection, Management of Proceeds, and Reporting. The Green Bond Principles published in January, 2014.
The net proceeds of the issue will be used to support ASE’s funding for eligible projects as defined in the Green Bond framework. Examples of eligible projects may include, among other projects,green buildings, waste water recycling projects, waste water management and projects promoting energy efficiency in manufacturing processes. Through the implementation of these eligible projects ASE looks to contribute to the environment via reduced energy consumption, GHG emission reduction, and water pollution prevention.
The Green Bond framework was reviewed by the independent, non-for-profit research institute, Center for International Climate and Environmental Research - Oslo ("CICERO").