Taipei, 28 December 2022 – MUFG Bank (Taiwan) announced that it has successfully closed a NTD1.5 billion sustainability-linked facility to Wiwynn Corporation (Wiwynn). The bilateral transactions underscore the growing demand amongst Taiwanese corporates for sustainable solutions.
Wiwynn is a leading cloud IT infrastructure provider that develops high-performance computing and storage products, plus rack solutions for hyperscale data centers. The company continues collaborating with world top-tier cloud service providers (CSPs) to develop sustainable products through technology innovation. It is also committed to sustainable operation and corporate social responsibility with aggressive ESG activities.
“Wiwynn takes “Unleash the Power of Digitalization; Ignite the Innovation of Sustainability” as our corporate vision and actively realizes ESG activities”, “said Harry Chen, Wiwynn’s Chief Financial Officer. “The three-year sustainability-linked loan from MUFG is developed with the key topics for ESG stakeholders. Independent third-party experts will be introduced for audit. Through the setup of the sustainability performance indicators, regular review, and the encouragement and supervision of financial institutions, we will always remind ourselves to take responsibility to the environment and society for our commitment to sustainable development.”
Randy Hung, Head of Global Corporate Banking for MUFG Taiwan, said: “We are pleased to take our longstanding partnership with Wiwynn to another level with this successful financing. This deal underscores our commitment and capabilities to provide bespoke ESG financing solutions to effect meaningful change, create greater awareness and acceptance in Taiwan towards transitioning to more sustainable and environmentally-friendly business models.”
Wiwynn participates in the Carbon Disclosure Project (CDP) and submitted its carbon reduction target to the Science Based Target initiative (SBTi) to realize its carbon reduction commitment with practical plans. The company also follows the Responsible Business Alliance (RBA) code of conduct, promising to provide a safe and secure working environment. In 2022, in addition to the British Standard Institute (BSI) Sustainable & Resilient Outstanding Award, Wiwynn also won recognitions through the TCSA “Taiwan Enterprise Sustainability Award-Gold Award for Sustainability Report”, the Ministry of Labor’s Occupational Safety and Health Administration “Top 10% Excellent Enterprises in Occupational Health and Safety Indicators”, and the Taiwan Institute of Directors “2022 Top 100 for Foreign Investment in Taiwan”.
MUFG has publicly committed to investing a cumulative JPY35 trillion into sustainability related financing globally by 2030, of which slightly over 40% of this target, or JPY14.5 trillion, has already been achieved (FY2019 to FY2021).
In May 2021, MUFG announced its commitment to achieve net-zero emissions in its finance portfolio by 2050 and its own operations by 2030. The Bank is also leading the transition finance taskforce within the Net Zero Banking Alliance (NZBA), convened by the United Nations to rally global financial institutions towards supporting net zero carbon emissions. The taskforce recently released guidelines to promote the mainstream adoption of transition finance, a significant milestone in fostering net zero collaboration amongst the global business community, policymakers and regulators.
As part of MUFG’s commitment towards advancing global transition through stakeholder engagement and dialogue, the bank has also published a transition whitepaper sharing Japan’s climate strategy and how it can serve as a blueprint for the carbon neutrality ambitions of Southeast Asia.
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,100 locations in more than 50 markets. The Group has about 160,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. MUFG Bank, Ltd. is Japan’s premier bank, with a global network spanning around 50 markets. Outside of Japan, the bank offers an extensive scope of commercial and investment banking products and services to businesses, governments and individuals worldwide. In Asia Pacific, MUFG has a presence across 20 markets – Australia, Bangladesh, Cambodia, China, Hong Kong, Indonesia, India, South Korea, Laos, Malaysia, Mongolia, Myanmar, New Zealand, Pakistan, Philippines, Singapore, Sri Lanka, Taiwan, Thailand and Vietnam. It has also formed strategic partnerships with some of the most prominent banks in South-east Asia, further augmenting its unrivalled network across the region – VietinBank in Vietnam, Krungsri in Thailand, Security Bank in the Philippines and Bank Danamon in Indonesia. For more information, visit www.mufg.jp/english.
Wiwynn is an innovative cloud IT infrastructure provider of high-quality computing and storage products, plus rack solutions for leading data centers. We are committed to the vision of “unleash the power of digitalization; ignite the innovation of sustainability”. The Company aggressively invest in next-generation technologies to provide the best TCO (Total Cost of Ownership), workload and energy-optimized IT solutions from cloud to edge. For more information, visit wiwynn.com.