TAIPEI, January 25, 2022 /PRNewswire/ — Chunghwa Telecom Co., Ltd. (TAIEX: 2412, NYSE: CHT) (“Chunghwa” or “the Company”) today announced that its board of directors (the “Board”) has decided to raise until NT$10 billion unsecured corporate bonds in Taiwan. The proceeds will be used to finance business development, including investments for environmental protection or social development. The Company aims to achieve its sustainability goals through the integration of business operations and financing schemes, such as sustainability bonds.
Chunghwa has leveraged various resources to accomplish its “Always Ahead” brand spirit on the three fronts of Environment, Social and Governance (“ESG”) and achieve the United Nations Sustainable Development Goals. The company has won numerous accolades, such as 10 consecutive years of inclusion in the Dow Jones Sustainability Index (DJSI) and receiving the Asia ESG Corporate Awards 2021-Jade (Highest Honor) and Capital Finance International Award Corporate Governance 2021 – Best Telecom Holding Governance- Asia, among many other national awards focused on sustainability excellence. At the same time, Chunghwa is the first national telecom operator to obtain ISO 14067 and ISO 14046 environmental management certifications by establishing sustainable supply chain management. Additionally, the company is leading the promotion of “5G No Plastic Action”, encouraging both Chunghwa employees and local residents to embrace sustainability beliefs and reduce plastic waste in daily life.
Last November, S&P Global Ratings and Taiwan Ratings Corp. maintained Chunghwa’s issuer long-term credit ratings at ‘AA’ and ‘twAAA’, respectively, confirming that the company’s credit rating is the highest and only in the telecom industry around the world. With a solid business foundation and financial strength, Chunghwa issued its first corporate bond in 2020 with its 5- and 7-year tranches securing the best rates ever seen in the domestic bond market at that time. Going forward, the Company will continue to use the funds raised through the issuance of sustainability bonds to achieve its sustainability goals.
SOURCE Chunghwa Telecom