Consultant Column

iPASS Corporation aligns with the government's 2050 net-zero transformation goal, cooperating with central and local governments as well as enterprises on public services and transportation carbon reduction policies, while strengthening digital governance to become the best FinTech partner for all industries. Today, it announced a partnership with Sustaihub to improve the efficiency of corporate ESG report preparation and help enterprises enhance sustainability governance with new highlights.

In response to the FSC's launch of 'Corporate Governance 3.0 - Sustainable Development Roadmap' and international trends, more companies are preparing sustainability reports. From understanding GRI reporting standards, cross-departmental data collection and collaboration, content writing, to corporate sustainability goal setting, you may want to refer to industry peers or learn from benchmark companies. However, when searching for related content online, do you often find it difficult to directly locate the ESG cases and ESG reports you need for reference?

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.

GRI officially released the new GRI Universal Standards 2021 on October 5, 2021, effective from January 1, 2023. Updates include the transition from GRI 103: Management Approach to GRI 3: Material Topics 2021, with 40 Sector Standards to be released, guiding corporate sustainability disclosure. This article provides a step-by-step analysis of the new materiality assessment process, featuring 6 leading corporate examples to help you master the latest materiality analysis.

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.