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Taiwan Stock Exchange Corporation Rules Governing the Preparation and Filing of Corporate Social Responsibility Reports by TWSE Listed Companies

Taiwan Current 2019

The TWSE, in conjunction with the new Corporate Governance Roadmap, has announced the amendments to the “Taiwan Stock Exchange Corporation Rules Governing the Preparation and Filing of Corporate Social Responsibility Reports by TWSE Listed Companies.” This provides guidelines on report preparation to enterprises that meet practical needs and be in line with international disclosure trends in order to help enterprises focus on sustainable development and fulfilling corporate social responsibility. The revised Rules shall be implemented from the date of the announcement.

Issuer name

Taiwan Stock Exchange Corporation (TWSE)

More information

According to the TWSE, the main focus of this amendment is to replace the Global Reporting Initiatives (GRI) G4 Sustainability Reporting Guidelines with the GRI Standards. In addition, specific disclosure requirements for food industry, chemical industry, and financial industry are modified in corresponding to the GRI Topic-specific Standards to have the contents of the non-financial information disclosure aligned with international standards.

Organizations covered by the instrument

Large private and listed companies

Target organization notes

A list of specified companies will begin mandatory corporate social responsibility reporting annually from 2015. These include companies from food processing, financial and chemical sectors, as well as companies which have over 50% of their total revenue coming from food and beverage businesses. Large enterprises with paid-in capital no less than $310 million($166million (NT$5 billion, exchange rate NT$30:US$1) must also comply

Industry scope notes

Food industry, Chemical industry, financial and insurance industry, food and beverage

Disclosure venue

Sustainability report

ESG coverage - E (Environment)

All

ESG coverage- S (Social)

All

ESG coverage- G (Governance)

All

ESG coverage- Eco (Economic & General)

All

Status

Current

Country

Taiwan

Region

Asia Pacific

Date of publication

2019

Issuer type

Stock Exchange

Reporting requirements

Self-regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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