Steel and cement companies, as well as listed companies whose paid-in capital is higher than NT$10 billion (US$361.69 million) must from next year reveal their greenhouse gas emissions in annual reports, the Financial Supervisory Commission said yesterday.
The 163 companies that fulfill the criteria include Taiwan Cement Corp (台灣水泥), China Steel Corp (中鋼), Taiwan Semiconductor Manufacturing Co (台積電), Hon Hai Precision Industry Co (鴻海精密) and ASE Technology Holding Co (日月光投控), Securities and Futures Bureau Deputy Director Sam Chang (張振山) told a news conference in New Taipei City.
The new regulations would require them to disclose their greenhouse gas emissions and power consumption, Chang said, adding that the information would be audited by third-party institutions.
“This new rule is intended to help companies prepare for emissions reduction, as the Environmental Protection Administration [EPA] is planning to bolster its regulations of emissions next year,” Chang said.
The EPA is planning to draw up a carbon pricing mechanism to reach the nation’s net-zero emissions target for 2050 in the Greenhouse Gas Reduction and Management Act (溫室氣體減量及管理法) and rename it the climate change act.
The agency is planning to start by charging businesses that emit more than 25,000 tonnes of carbon per year, which would account for 80 percent of Taiwan’s total carbon emissions.
Chang said that 101 companies with paid-in capital of NT$5 billion to NT$10 billion would need to disclose their emissions in 2025, and 1,482 companies with paid-in capital of less than NT$5 billion would have to begin annual disclosures in 2026.
The commission would ask the Taiwan Stock Exchange to establish a database for companies’ environmental, social and governance (ESG) information, and assess their performance, he said.
“More foreign institutional investors are interested in local companies with good ESG performance,” an exchange official said yesterday.
‘BULLISH YEAR AHEAD’: The contract chipmaker set a growth target of up to 29 percent, as it expects to outperform its peers in the semiconductor industry Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is planning to boost this year’s capital expenditure budget by about 46 percent to exceed US$44 billion, citing strong customer demand for advanced technologies used in high-performance computing (HPC) and 5G-related applications, the world’s largest contract chipmaker said yesterday. The plan marks a record spending for TSMC after the chipmaker budgeted US$30 billion for capacity expansions at home and overseas fabs last year. TSMC is planning to allocate about 80 percent of this year’s capital spending for advanced chip capacity expansion including 2-nanometer, 3-nanometer, 5-nanometer and 7-nanometer technologies. The chipmaker reiterated that it is on
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Electric scooter maker Gogoro Inc (睿能創意) this year expects its number of electric battery swapping stations to outstrip the number of gas stations in the nation following seven years of deployment, a sign that electric two-wheelers are gaining traction. As of the end of last year, Gogoro had built 2,215 GoStations nationwide, mostly in urban areas, up from 1,937 in 2020. The number of gas stations operated by CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) was 2,487. “By the end of this year, we are very confident that the number of battery swapping stations will surpass the number of gas stations
TENSE WAIT: While China is close to approving the deal, Germany might be worried that GlobalWafers is headquartered in Taiwan, the firm’s chairwoman said GlobalWafers Co (環球晶圓) is close to clearing an important regulatory hurdle in its US$5.3 billion acquisition of German silicon wafer manufacturer Siltronic AG, people familiar with the matter said. The Chinese State Administration for Market Regulation (SAMR) has said that it is largely comfortable with the antitrust remedies proposed by the companies and could make a formal decision shortly, the people said, asking not to be identified as they were discussing confidential information. The deal still requires approval from the German Federal Ministry for Economic Affairs and Climate Action, and those discussions are ongoing, the people said. GlobalWafers shares were up as