A total of 83 Taiwanese publicly listed companies with paid-in capital adding up to more than NT$10 billion (US$319.18 million) would be required to compile a sustainability report from 2026, and disclose the reports from 2027, the Financial Supervisory Commission (FSC) said on Thursday.
The firms include some of the largest or most well-known local companies, such as Taiwan Power Co (台電), Taiwan Semiconductor Manufacturing Co (台積電), Hon Hai Precision Industry Co (鴻海精密) and Formosa Petrochemical Corp (台塑石化).
The commission’s announcement came after the International Sustainability Standards Board (ISSB) on June 26 issued IFRS S1 — which refers to general requirements for disclosure of sustainability-related information — and IFRS S2, a guideline for climate-related disclosures.
Photo: Kelson Wang, Taipei Times
The two disclosure standards demand that companies reveal quantitative data related to carbon emissions and their sustainability practices, Securities and Futures Bureau Deputy Director Kao Ching-ping (高晶萍) said.
While Japan and Hong Kong have pledged to adopt the ISSB standards, Taiwan would set its own standards, considering the attributes of local industries and the carbon footprint verification, Kao said.
However, Taiwan would refer to the ISSB standards in drawing up its code, which would require companies to present solid information on their sustainability efforts, she added.
For example, companies would be asked to reveal how much they spend on carbon emission reduction, how much carbon fees or taxes they would be subject to if they cannot meet the reduction goal, and how much they benefit from carbon emission reduction in terms of new order growth, Kao said.
The new disclosure standards would also make it easier for the public to compare different companies in terms of their sustainability practices and sustainability-related financial information, the commission said.
Meanwhile, the commission is scheduled to hold a public hearing on Aug. 8 to discuss whether the nation’s 53 steel and cement companies, which generally have considerable carbon emissions, would be required to disclose their data in 2027, Kao said.
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