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Insights

Regulatory updates, carbon inventory and AI applications, IFRS adoption experience, corporate case studies, and system updates, written by our consultants and engineers.

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  1. What is an ESG Sustainability Report? How to Make Corporate Sustainability Reports More Efficient and Comprehensive

    In 2020, Taiwan's Financial Supervisory Commission released the 'Corporate Governance 3.0 - Sustainable Development Roadmap,' centering on five pillars: 'Strengthening board functions to enhance corporate sustainable value,' 'Improving information transparency to promote sustainable operations,' 'Strengthening stakeholder communication to create good interaction channels,' 'Aligning with international standards to guide stewardship,' and 'Deepening corporate sustainability governance culture and providing diversified products.' This aims to help Taiwanese companies align with international sustainability trends. To more clearly define sustainability reporting, CSR (Corporate Social Responsibility) reports have been renamed to ESG (Environment, Social, Governance) reports or sustainability reports, better meeting the non-financial information needs of investment institutions and banks.

  2. GRI 2021 Update: Materiality Assessment Explained with ESG Report Examples from 6 Companies

    GRI released its Universal Standards 2021 on 5 October 2021, effective from 1 January 2023. The update replaces GRI 103: Management Approach with GRI 3: Material Topics 2021. GRI will also progressively publish 40 Sector Standards to guide companies on sustainability disclosures. This article explains the updated material topic assessment process step by step and presents examples from 6 leading companies to help you understand the latest materiality approach.

  3. ESG vs CSR: Understanding Sustainable Development and Corporate Social Responsibility

    In recent years, ESG and CSR have become popular search terms, even appearing in Google's 2021 annual keyword queries. But what are they, how do they differ, and what's their relationship with corporate sustainable development? Let's break it down.

  4. Climate-Related Financial Disclosures (TCFD): Scenario Analysis and Climate-Related Issues

    Scenario Analysis and Climate-Related Issues aim to incorporate the development and potential impacts of climate-related risks and opportunities under different conditions into organizational decision-making plans, helping organizations understand their performance under various future scenarios.

  5. Climate-Related Financial Disclosures (TCFD): Risks, Opportunities, and Financial Impacts

    Companies adopting TCFD must incorporate climate change risks and opportunities into their operational considerations when writing sustainability reports, assessing corresponding financial impacts to enhance climate resilience and seize sustainable development opportunities.

  6. From TCFD to IFRS S2: Climate Disclosure and Taiwan's Adoption Timeline

    The TCFD completed its work and disbanded in October 2023, with the IFRS Foundation taking over the relevant monitoring responsibilities. IFRS S2 fully incorporates TCFD's four pillars: governance, strategy, risk management, and metrics and targets. This article explains their relationship and the phased adoption timeline for Taiwan's TWSE/TPEx-listed companies.