Taipei Exchange (TPEx), one of the major pillars in Taiwan’s securitiesmarket, has joined the Climate Bonds Partners Program.
LONDON 01/06/2018 19:00 BST: Taipei Exchange (TPEx) is the second stock exchange in Asia to become a Climate Bonds Partner. As one of the most important participants in the Taiwanese securities market, the Taipei Exchange is a multi-functional, multi-tiered, and full-fledged exchange with a comprehensive suite of services with listing and trading platforms for equity, derivatives and debt securities.
Partners assist in developing initiatives to grow investment in climate finance solutions, participate in different market development committees and help define policy agendas for sector, country and sub-national green bond development programs.
Philip Chen, Chair, TPEx:
“Climate change and environmental sustainability have been increasingly important issues around the globe. The Taipei Exchange spares no effort to promote the green bond market, aiming to stress the core concepts of economic development and environmental protection simultaneously. Over the past 2 years, the green bond market has grown fast. The Taipei Exchange launched our first green bond last year. So far, the issuance amount has exceeded NT 48.1bn. In the future we will keep striving forward to encourage development and environmental conservation among enterprises. We look forward to seeing the issuance amount multiply this year.
After joining CBI, we will bring the green finance standards of our Island more in line withinternational standards. Meanwhile, we hope to provide our development experience as well tocontribute to the global green bond market.”
Serena Vento, Head of Partnerships, Climate Bonds Initiative:
“At Climate Bonds we recognize that stock exchanges play an essential role in the acceleration of global green investments. We’re delighted to welcome Taipei Exchange to our close network, and we are looking forward to working together, to stimulate the local market and promote green bonds issuance in Taipei and more widely in Asia.”
Climate Bonds contact:
Andrew Whiley
Head of Communications & Media
+44 (0)7506 270 943
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Notes for Journalists:
About Taipei Exchange (TPEx): Taipei Exchange (TPEx) is an integrated and multifunctional exchange founded in 1994. TPEx has been an official member of the World Federation of Exchanges (WFE) since 2011. In addition to the Main Board for general stock trading, TPEx operates the Emerging Stock Board as well.
Besides stocks, various bonds, derivatives, open-ended funds, and spot gold can also be traded on TPEx. Various mechanisms such as order-driven, quote-driven, and over-the counter negotiations are supported by TPEx to enhance trading flexibility and to meet investors’ needs. TPEx strives tofacilitate and nurture successful businesses and act as a catalyst for economic vitality. More information is here.
About the Climate Bonds Initiative: The Climate Bonds Initiative is an investor-focused not-for- profit, promoting large-scale investment in the low-carbon economy.
It undertakes advocacy and outreach to inform and stimulate the market, provides policy models and government advice, market data and analysis and administers the Standards & Certification Scheme. For more information, please visit www.climatebonds.net.
Climate Bonds Partners Program: Banks, institutional investors, private and non- governmental organizations (NGOs) and governments are eligible to join as Climate Bond Partners to help grow a market of green and climate bonds.
Partners support investor and stakeholder outreach and education projects centred on growing robust and sustainable green bond markets that contribute to climate action and low carbon investment.
Partners assist in developing initiatives to grow investment in climate finance solutions, participate in different market development committees & help define policy agendas for sector, country & sub- national green bond development programs. A list of Partners is available here.
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