TAIPEI, Jan. 25, 2022 /PRNewswire/ -- Chunghwa Telecom
Co., Ltd. (TAIEX: 2412, NYSE: CHT) ("Chunghwa" or "the Company)
today announced that its Board of Directors (the "Board") resolved
to raise up to NT$10 billion of
unsecured corporate bonds in Taiwan. The proceeds will be used to finance
business developments including investments for environmental
protection or social development. The Company aims to achieve its
Sustainable Development Goals through the integration of business
operations and finance plans, such as sustainable bonds.
Chunghwa has leveraged various resources to accomplish its brand
spirit of "Always Ahead" on the three fronts of Environmental,
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 Award (highest distinction) and Capital
Finance International Corporate Governance Award 2021 – Best
Telecom Holding Governance- Asia,
among many other domestic awards focused on excellence in the area
of sustainability. At the same time, Chunghwa is the first
domestic telecom operator to obtain both ISO 14067 and ISO 14046
environment management certifications by instituting sustainable
supply chain management. Moreover, the Company is driving the
promotion of "5G No Plastic Action," encouraging both Chunghwa
employees and local residents to adopt sustainability beliefs and
reduce plastic waste in everyday life.
Last November, S&P Global Ratings and Taiwan Ratings Corp.
maintained Chunghwa's long-term issuer credit ratings at 'AA' and
'twAAA,' respectively, which affirms the Company's credit rating is
of the highest ranking and the only one in the telecom sector
around the world. With a solid business foundation and financial
strength, Chunghwa issued its first corporate bond in 2020 with its
5-year and 7-year tranches securing best rates ever in the domestic
bond market at that time. Moving forward, the Company will continue
to use the funds raised through the issuance of sustainable bond to
achieve its sustainable development goals.
Media Contact
Finance department
+886-2-2344-3566
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SOURCE Chunghwa Telecom