CHINA - Tianjin Cosmo Polyurethane Co Ltd (TCPC), a Chinese 50:50 joint venture of Mitsui Chemicals and SKC Polyurethanes Inc, has received a “Platinum” ranking from SMBC China and became the first company to receive the newly launched SMBC China Environmental Assessment Loan of the Sumitomo Mitsui Banking Corporation (China) Limited, a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation.
The new SMBC China Environment Assessment Loan, which supports environmental-friendly activities of companies in China, was jointly developed by SMBCCN and Ernst & Young China. Financing services are provided with reference to assessment results of a customer’s Environmental Management System, which is conducted in accordance to criteria complying with environmental regulations in China.
TCPC, under an integrated environmental management system, received a “Platinum” ranking as a company that proactively implements environment and sustainability (“E&S”) initiatives derived from evaluated E&S opportunities/risks, in alignment to the corporate vision/mission statement.
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