The Taiwan Monthly

Index Announcement

Taiwan Index Plus and S&P Dow Jones Indices Announced Collaboration to Develop and Launch Sustainability Index

Taiwan Index Plus Corporation (“TIP”), a wholly-owned subsidiary of Taiwan Stock Exchange (“TWSE”), and S&P Dow Jones Indices LLC (“S&P DJI”), announced collaboration to jointly develop a sustainability index which is being proposed to reflect and offer a performance benchmarking tool for TIP to support Taiwan’s commitment to net-zero emissions by 2050.

This joint effort combines S&P DJI’s leading capabilities in developing innovative index solutions using cutting-edge sustainability data with TIP’s local experience and expertise in the Taiwanese market and creating leading sustainability equity indices. 

Sherman Lin, Chairman of Taiwan Stock Exchange cooperation (TWSE) and Taiwan Index Plus (TIP), said, "Taiwan is actively promoting 2050 net-zero emissions. TIP started the international collaboration project in accordance with FSC’s ESG Sustainable Development Action Plan and our group’s ESG ecosystem strategies. We look forward to collaborating with S&P DJI to develop a forward-looking and impact index, covering ESG issues including net-zero or transitions to meet the needs of issuers and investors. Through the commercialization of this ESG index, we aim to enhance the market visibility and investment value of Taiwanese companies."

“S&P Dow Jones Indices is pleased to collaborate with TWSE and TIP to jointly develop and launch an innovative index that represents the sustainability corporate ecosystem in Taiwan,” said Dan Draper, Chief Executive Officer of S&P Dow Jones Indices. “This proposed index leverages S&P DJI’s pioneering experience in sustainability performance benchmarking alongside TIP’s deep knowledge of Taiwan’s equity markets and the needs of local investors. The proposed index will offer an independent, rules-based, and objective view of Taiwanese companies’ sustainability profiles and help market participants make informed decisions.”

The proposed index is currently in the early stages of development and will be designed to provide the Taiwanese market with a tool focused on the reduction of carbon emissions and the transition to a low-carbon economy. Meanwhile, TIP actively discusses with potential issuers with plans to develop differentiated ESG index financial products, enabling to promote diversified ESG product policies. This will not only provide new options for investors to participate in net-zero and ESG investment, but also serve as a tool for asset management institutions to conduct responsible investment across in multiple aspects, ultimately enriching the Ecosystem.