The Taiwan Monthly

ESG

The Taiwan Stock Exchange and Taiwan Carbon Solution Exchange joined hands with National Chengchi University to organize the “Moving Towards a New Era of Net-Zero Carbon Reduction and Sustainable Finance in Taiwan” forum

The “Moving Towards a New Era of Net-Zero Carbon Reduction and Sustainable Finance in Taiwan” forum jointly organized by the Taiwan Stock Exchange (TWSE), Taiwan Carbon Solution Exchange (TCX), and Financial Technology Research Center of College of Commerce, National Chengchi University, was successfully held on November 12. Representatives from the industry, government, and academia were invited to share about topics such as "Challenges and Opportunities of Corporate Carbon Risk and ESG Carbon Reduction Management," "How Green Finance in the Carbon Value Era Can Help Enterprises Reduce Carbon and Create New Value," and "New Trends in Global ESG Sustainability Investment and Financial Product Innovation." The event attracted the enthusiastic participation of more than 130 industry professionals.

 

In his speech, Chien-Chung Tien, President of the TCX, stated that changes in global climate policies will bring new opportunities and challenges for enterprises, especially in the face of increasing international carbon reduction responsibilities, and the EU’s carbon border adjustment mechanism which is expected to impose carbon tariffs starting in 2026. Taiwan’s industries are export-oriented, and enterprises may develop low-cost carbon reduction strategies by taking relevant carbon reduction actions in combination with carbon credit trading and financial market support to enhance competitiveness.

 

Li-Ling Wang, Chairman of the Taiwan Sustainable Finance and Enterprise Impact Association, shared that in the face of the carbon value era with the continuous growth of global carbon trading and carbon prices, companies may accelerate their net-zero transformation by improving energy efficiency, using renewable energy, promoting technological innovation, plus actively promoting digital transformation and data governance. They may also use financial power to assist in painless carbon reduction and inject more resilience into their own development.

 

In addition, it was mentioned during the keynote speeches that in recent years, the issuance of green bonds and ESG related financial products has continued to reach new highs. Green and transformational finance also plays a key role in promoting corporate carbon reduction transformation. Through the guidance and engagement of green loans, green insurance, and investment funds, it will drive enterprises to pay attention to ESG issues and risks. This includes providing sufficient resources for enterprises and supply chains to invest in low-carbon technology projects or develop green industries and sustainability fields, in order to jointly move towards the goal of achieving multiple wins in the environment, society, and investment returns.

 

The roundtable discussion focused on exploring key issues on how to assist companies in achieving sustainable development goals. The experts shared that companies need to promote cross-departmental cooperation and actively cultivate sustainability professionals when addressing a wide range of sustainability challenges and climate risk management needs. At the same time, it is recommended to strengthen ESG data governance, establish a sound data integration and analysis process, along with ensuring the accuracy and compliance of data, in order to meet international standards and investor expectations, achieve a “dual-axis” digital and sustainability transformation, plus jointly move towards the net-zero transformation goal by 2050.

 

For further information, please contact Ms. Li at 1180@twse.com.tw.