THSRC first public transport service to issue green bondsSUSTAINABILITY: The funds raised would be used to automate a maintenance depot and upgrade a passenger information systemBy Shelley Shan / Staff reporterTaiwan High Speed Rail Corp (THSRC) yesterday became the nation’s first public transport service provider to issue sustainability bonds to fund its green initiatives and social investment projects. Sustainability bonds refer to financing instruments in which the issuer uses all the funds raised for green initiatives, social investment projects or other related plans. The bonds must be issued based on the Taipei Exchange’s “Rules Governing the Issuance of Sustainability Bonds,” and can be traded on the over-the-counter market. “The issuance of the sustainability bonds shows our determination to fulfill our responsibilities to the environment, society and corporate governance, as well as our commitment to pursuing the sustainable development of the rail service,” it said in a statement. The Yenchao project is a green investment plan, as it would prevent and control pollution.

Source: Taipei Times August 30, 2021 15:56 UTC