Green Bond Investor Letter
In July 2014, ASE Group has issued Asia’s first corporate Green Bond through its subsidiary Anstock II Limited. The US$300 million three-year senior offering demonstrates ASE’s commitment on our transition to low-carbon and climate resilient growth.
ASE’s Vision of Environmental Protection
“ASE strives to develop and promote a green concept in all facets of its enterprise. We are committed to ensuring the protection of the earth through our efforts to reduce greenhouse gas emissions, waste and effluent. Furthermore, we achieved an absolute reduction in total water withdrawal while increasing our production capacity as well as incorporating new production buildings. This is a significant milestone of our water resource management.” ~ 2014 ASE CSR Report
ASE believes one of our key objectives is to ensure the protection of environment through our Sustainable Development Management Program. Through this program we have launched a series of environmental protection activities including but not limited to Green Buildings, Energy Efficiency Enhancement Projects, and Water Recycling Projects. ASE commits to protection of the environment via reduced energy consumption, GHG emission reduction, and prevention of water pollution.
Estimated Benefits to the environment for the projects currently undertaken by ASE*
|Status||Facility*||Green Building||Electricity Saving
|Actual||ASEKH||7 upgraded Building||6,224,235||3,249||-|
Use of Proceeds
The proceeds raised via Green Bond have been invested in projects meeting high environmental standards. ASE has selected the Eligible Projects using a framework, reviewed by SEB, HSBC, and Cicero, the Center for International Climate and Environmental Research - Oslo.
As of 2015/12/31 the proceeds from the Green Bond were used to finance the following projects
|Projects||Type||Location||Property||Investment Amt (USD M)*|
|Water/Air Management &
Energy Efficiency System Upgrade
|Green Product Development||New||Chungli||Multiple||0.1|
|Investment Amount||Used Percentage|