To fulfill its responsibility in the financial supply chain towards the environment, economy, and society, First Bank has been following the "Equator Principles" since 2014. It has established the "Green Financing Review Principles," integrating sustainability issues into its core banking operations. These principles involve careful assessment of whether borrowers adhere to environmental protection, corporate integrity, and social responsibility. Simultaneously, they manage potential credit risks. Therefore, in credit operations, borrowers are required to submit commitments to environmental protection and corporate social responsibility, including good treatment of employees.
In 2020, First Bank formally joined the Equator Principles Association, further linking with international financial institutions and using the Equator Principles as a common language in international syndicated loans. Regarding responsible investment, the bank screens potential investments against a "No Go List" for violations of sustainability in products, human rights, environmental protection, and major social controversies. Investments are withheld if violations are found, guiding invested companies to fully implement environmental protection and sustainable social responsibilities.
