Consultant Column

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.

The Task Force on Climate-Related Financial Disclosures (TCFD) was established by the Financial Stability Board (FSB) in 2015 to address climate change and the Paris Agreement, providing climate-related financial disclosure standards.