Wan Hai Lines announced the completion of a 10-year NT$3 billion sustainability-linked shipping financing agreement with Standard Chartered Bank.
According to Wan Hai, this marks the first sustainability -linked shipping finance done by the container shipping industry in Taiwan. The sustainability-linked shipping financing agreement with Standard Chartered is designed to link Wan Hai’s fleet carbon indicators.
Sustainalytics has been engaged as the Secord Party Opinion provider with the assessment result of “Very Strong” for KPI and “Ambitious” for SPT, in recognition of Wan Hai’s strong commitments to decarbonization beyond that required by IMO.
Wan Hai noted that it continues to implement fleet renewal programs and invest in energy-efficient engines and various energy-saving equipment. All new Wan Hai vessels obtain “Smart Ship Certification,” which enhances ship safety and data management, contributing to energy-saving and carbon reduction environmental goals, the company adds.
Wan Hai also participates in the Clean Cargo Working Group (CCWG), Getting to Zero Coalition, and Silk Alliance, strengthening the exchange of environmental knowledge, information, and technology with industry peers.
Wan Hai also claimed it is committed to practicing ESG sustainable management and has been selected as a constituent stock of the Taiwan Sustainability Index for six consecutive years.
