March 15, 2025 | Agri-harvest (In Chinese) |
Starting in 2025, all listed companies in Taiwan are required to publish environmental, social, and governance (ESG) sustainability reports, marking a major step in aligning corporate practices with global climate and governance standards. The Financial Supervisory Commission (FSC) has integrated agriculture and forestry into its updated sustainable economy guidelines, offering criteria for practices such as organic certification, biodiversity-friendly farming, and circular use of agricultural residues. Leading firms such as Chunghwa Telecom and Taiwan Sugar Corporation have already launched tree-planting and soil carbon initiatives. The FSC endorses major international disclosure frameworks, including the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards (S1 and S2) issued by the International Sustainability Standards Board (ISSB), with third-party assurance required for high-impact sectors. It also reflects emerging standards such as the EU Taxonomy for sustainable economic activities and the Taskforce on Nature-related Financial Disclosures (TNFD), ensuring alignment with global expectations on climate and biodiversity transparency. These efforts aim to curb greenwashing, enhance disclosure quality, and direct financial flows toward genuine low-carbon transitions. With ESG scores influencing investment decisions, Taiwan is positioning its top enterprises—and their supply chains—for sustainable transformation amid growing global regulatory and market pressures.