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Yulon Motor Co Ltd (Yulon), a Taiwan-based company that manufactures and sells automobiles and related spare parts for brands such as Nissan and Luxgen, has announced it has raised capital in a sustainability linked loan in private placement, for gross proceeds of NTD1 billion (USD31.22 million).

According to GlobalData’s deals database, the loan is funded by E.SUN Bank (E.SUN Commercial Bank, Ltd).

The sustainability linked loan includes key performance indicators related to biodiversity, incentivizing Yulon Motor to restore Taiwan’s native tree species. Other initiatives linked to the agreement include the reduction of greenhouse gas emission and the share of renewable energy generation.

E.SUN says it aims to encourage companies to adopt diverse sustainable actions and achieve both net-zero and nature-positive goals by 2050 through climate and biodiversity-linked loans.

E.SUN also provides Yulon Motor with sustainability consulting services, assists in creating nature-based solutions, and expands the impact of finance to lead the way towards sustainability.

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By GlobalData

Yulon Group says it has been committed to sustainable development for 70 years, such as Yulon Motor’s practical actions to protect Taiwan’s native species and biodiversity. Since 2022, a native tree species restoration park has been planned in the Sanyi Factory area, working with Taiwan Reforestation Association to jointly plan and build the ‘Yulon Mountain Villa’, and referring to the Forestry Bureau’s survey of Taiwan’s native plants for seed collection and seedling cultivation by volunteers. So far, 16 investigation spots, 209 woody plants records, 99 seeds collection have been completed, and 1,288 seedlings are being restored.

Through the restoration of native tree species in Taiwan’s lowland forests, the natural forest gene pool is preserved, promoting the maintenance of diversity among native tree species.

E.SUN published the ‘Climate and Environmental Report’ in 2022. In addition to the net-zero goal, E.SUN says it will keep on providing financial products and services to assist industries and customers in sustainable transformation, guiding capital flows towards environmental sustainability, preventing biodiversity loss, and reversing the damage caused by economic activities to nature. By actually linking the environmental targets into finance, E.SUN says it is achieving natural positive growth and business growth together with its customers.

Our signals coverage is powered by GlobalData’s Thematic Engine, which tags millions of data items across six alternative datasets — patents, jobs, deals, company filings, social media mentions and news — to themes, sectors and companies. These signals enhance our predictive capabilities, helping us to identify the most disruptive threats across each of the sectors we cover and the companies best placed to succeed.