First Bank Arranges NT$5 Billion ESG Loan for Evergreen Pulp and Paper

Taipei, Taiwan – First Bank has successfully arranged a NT$5 billion, five-year ESG (Environmental, Social, and Governance) syndicated loan for Evergreen Pulp and Paper. The loan signing ceremony took place on June 4, 2026, with participating institutions subscribing NT$6.05 billion, exceeding the target by 121%.

First Bank served as the lead arranger and agent bank for the loan, with Mega International Commercial Bank acting as the security agent. Land Bank of Taiwan joined as a co-lead arranger. A total of 10 financial institutions participated, underscoring strong confidence in Evergreen's management and future prospects.

Evergreen Pulp and Paper operates four low-carbon paper mills, 14 green packaging plants, and 29 recycled paper collection stations across the Greater China region. Its total annual low-carbon papermaking capacity reaches 4.2 million tons, ranking it among Asia's top ten. The company's green packaging capacity is 1.56 billion square meters annually. The syndicated loan funds will be allocated to repay existing financial liabilities and bolster mid-term operating capital.

The company has shown strong performance in 2026, benefiting from improved supply-demand dynamics in China's industrial paper market, recovering domestic consumption, and robust e-commerce logistics demand. Evergreen's continuous optimization of its product mix, cost control, and inventory management strategies have enhanced overall operational efficiency. In April 2026, its consolidated revenue reached NT$4.351 billion, a year-on-year increase of approximately 7%, hitting a 41-month high. Cumulative revenue for the first four months exceeded NT$15.1 billion, up 5.68% year-on-year.

As Taiwan's largest industrial paper manufacturer, Evergreen excels in papermaking, water resources, and energy. It has established 11 circular economy models, with over 99% of its industrial paper produced from recycled waste paper. The company's low-carbon performance, emitting only 0.69 metric tons of carbon per ton of paper, has earned it a spot on the Global "Carbon Clean 200" list for two consecutive years. Evergreen also holds 67,756 tons of carbon credits from the Environmental Protection Administration, solidifying its leading position in low-carbon transformation. First Bank, meanwhile, continues to expand its syndicated loan market presence, aiming to guide industries toward net-zero emissions by 2050.