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Taiwan is set to adopt the IFRS Sustainability Disclosure Standards starting in 2027. Publicly listed companies with a capital of over NT$10 billion will release the country's first sustainability reports (based on the 2026 annual reports), disclosing the sustainable growth of major domestic enterprises and attracting sustainable investment funds.

On November 19, the International Sustainability Standards Board (ISSB) released its latest guidelines to help companies identify sustainability-related risks and opportunities. The guidelines outline four key steps—Identify, Assess, Organize, and Review—emphasizing the application of materiality analysis based on the IFRS S1 and S2 frameworks. This integration of qualitative and quantitative information ensures a high degree of alignment with financial reporting, aiding investors in their decision-making processes.

On November 19, 2024, the ISSB further released guidance to assist companies in understanding the materiality of sustainability-related risks and opportunities under IFRS S1: General Requirements for Disclosure of Sustainability-related Financial Information, enabling investors to make more accurate decisions.

This article will summarize the four key steps outlined in the guidelines, helping readers understand how to identify and disclose sustainability-related risks and opportunities.

The press conference was further distinguished by the presence of three distinguished international guests: Dr. Ashok Philip, President of the World Medical Association (WMA) from Malaysia; Dr. Jung Yul Park, Chair of the WMA Council from South Korea; and Dr. Otmar Kloiber, Secretary General of the WMA from Germany. Their participation marked an important milestone for the Ministry's efforts in promoting health and well-being, sustainable development, and environmental stewardship.

On December 2nd, the "AI Sustainable Carbon-Neutral Future Summit" centered on "AI Carbon Management." The event, guided by the Ministry of the Environment and jointly promoted by the Taiwan Sustainable Energy Research Foundation, Cita Digital, Taiwan Net Zero Emissions Association, European Digital Green Coalition (EDGC), and Global e-Sustainability Initiative (GeSI), brought together representatives from Industrial Technology Research Institute, Chung-Hua Institution for Economic Research, Lite-On Technology, Glovision Smart, Taiwan Medical Industry Management Development Association, and others. The summit explored how to leverage AI technology to accelerate the realization of net-zero emissions.

The Ministry of Health and Welfare (MOHW) held a press conference today (6th), titled "Cross-Field Unity for Sustainable Healthcare," led by Minister of Health and Welfare, Chiu Tai-Yuan. During the event, 26 MOHW-affiliated hospitals, in collaboration with industry, government, academia, and research institutions, signed the "Hospital Sustainability Development Initiative" with the Taiwan Sustainable Energy Research Foundation. This initiative aligns with the United Nations' SDGs (Sustainable Development Goals) and President Lai Ching-te's 2050 net-zero carbon policy.

The press conference was further distinguished by the presence of three distinguished international guests: Dr. Ashok Philip, President of the World Medical Association (WMA) from Malaysia; Dr. Jung Yul Park, Chair of the WMA Council from South Korea; and Dr. Otmar Kloiber, Secretary General of the WMA from Germany. Their participation marked an important milestone for the Ministry's efforts in promoting health and well-being, sustainable development, and environmental stewardship.

On December 2nd, the "AI Sustainable Carbon-Neutral Future Summit" centered on "AI Carbon Management." The event, guided by the Ministry of the Environment and jointly promoted by the Taiwan Sustainable Energy Research Foundation, Cita Digital, Taiwan Net Zero Emissions Association, European Digital Green Coalition (EDGC), and Global e-Sustainability Initiative (GeSI), brought together representatives from Industrial Technology Research Institute, Chung-Hua Institution for Economic Research, Lite-On Technology, Glovision Smart, Taiwan Medical Industry Management Development Association, and others. The summit explored how to leverage AI technology to accelerate the realization of net-zero emissions.

The global wave of achieving net-zero emissions and the European Union's Carbon Border Adjustment Mechanism are impacting industry competitiveness. The dual transformation of digitalization and net-zero emissions has become an international trend. Against the backdrop of the UN COP29, which focuses on the global carbon market, Taiwanese companies are presented with an opportunity to engage in international carbon markets. Actively responding to low-carbon transformation is not only crucial for the survival and competitiveness of businesses but also a vital issue for global sustainable development.

On December 2nd, the "AI Sustainable Carbon-Neutral Future Summit" centered on "AI Carbon Management." The event, guided by the Ministry of the Environment and jointly promoted by the Taiwan Sustainable Energy Research Foundation, Cita Digital, Taiwan Net Zero Emissions Association, European Digital Green Coalition (EDGC), and Global e-Sustainability Initiative (GeSI), brought together representatives from Industrial Technology Research Institute, Chung-Hua Institution for Economic Research, Lite-On Technology, Glovision Smart, Taiwan Medical Industry Management Development Association, and others. The summit explored how to leverage AI technology to accelerate the realization of net-zero emissions.

Taiwan Net Zero Emission Association cordially invites you to attend the 3rd Carbon Fee, Carbon Credit and Carbon Tariff Forum of GCSF 2024, which will be held on November 21, 2024 at the Dunkin' Hall VF, Taipei Yuanshan Hotel.
No. 1, Sec. 4, Zhongshan North Road, Zhongshan District, Taipei, Taiwan.
The registration system has been closed, if you still want to participate, please go directly to the venue.

Driven by the Carbon Trading and Baseline Carbon Reduction Targets initiatives, companies need to effectively integrate their product carbon footprints with their carbon emissions data at the organizational level. This process needs to be supported by data to ensure consistency and traceability, and to enable accurate carbon management.
We cordially invite you to join us at the “AI Sustainability and Carbon Footprint Summit” to share and exchange ideas with experts and scholars from industry, government and academia.

The Taiwan Zero Net Emission Association (TZEA) held the 2nd First General Meeting and Joint Meeting of the Board of Directors and Supervisors on October 08, 113, which was the second election of the Board of Directors and Supervisors of the TZEA since October 19, 110, to elect the new Board of Directors and Supervisors. The meeting focused on the election of the Board of Directors and Supervisors. The association reported the operation of the meeting and the discussion of the proposal to the representatives of the member companies, so that the member companies could fully understand the achievements of the association in the past and the prospect of the future. After the meeting, the new Board of Directors and Supervisors convened a Board of Directors and Supervisors meeting, at which the following positions will be elected: Managing Director, Vice Chairman and Chairman of the Board of Directors.

Nan Shan Life announced that it has officially passed the Science Based Targets initiative (SBTi)(Note 1), committing to reduce direct emissions from business operations (Scope 1) and indirect emissions from purchased electricity (Scope 2) by 42% by 2030, compared to the base year of 2022. Nanshan Life has become the first life insurance company in Taiwan to pass the SBTi audit, reducing its direct emissions (Scope 1) and indirect emissions (Scope 2) from purchased electricity by 42% from the base year of 2022. Nanshan Life is committed to aligning with the global 1.5°C reduction path and will strive to reduce carbon emissions in the future. Nanshan Life has announced that it will reach RE50 by 2030 and RE100 (50% and 100% renewable energy) by 2040, demonstrating its determination to move toward net-zero carbon emissions through practical actions. For its investment portfolio, Nanshan Life has also set carbon reduction targets based on the SBT methodology, with the aim of utilizing its financial influence to contribute to the transformation of the global low-carbon economy.

Taiwan Cement Corp.'s inaugural TNFD report marks a significant milestone in Taiwan's corporate sustainability landscape. By conducting a comprehensive LEAP analysis across its operations and setting an ambitious 2040 NPI target, Tai Cement is leading the way in transitioning to a nature-positive business model. The company's low-carbon and new energy transformation plan has resulted in substantial financial benefits, with over NT$40.5 billion in revenue generated from low-carbon products and services in 2023.

To address climate change, the Ministry of Environment has established a Green Strategy Office and is actively promoting relevant regulations and research to enhance our nation's climate governance capabilities. The ministry is also focused on strengthening the resource recycling management system, committed to advancing plastic reduction policies, and implementing related recycling and reuse regulations. Additionally, it has organized the "8+N" Resource Recycling Alliance, which covers sectors such as food, plastics, textiles, electronics, and construction.

Hydrogen energy is one of the 12 key strategies for our country's path to net zero. With a focus on uniting industry, government, and academia in the development of hydrogen energy, the Taiwan Net Zero Emission Association (TNZEA) held the '3rd Hydrogen Energy Forum' on August 9, 2024, during the Asia-Pacific Sustainability Expo, attracting over 200 enthusiastic participants.

MOFA is participating in the Asia-Pacific Sustainability Expo for the first time this year by setting up an exhibition booth. Deputy Minister Tien Chung-kwang stated today that through this participation, MOFA hopes to showcase Taiwan's positive influence to the world, highlighting the nation's significant contributions in areas such as healthcare, humanitarian aid, gender equality, and environmental sustainability.

International Standards Authority, the British Standards Institution (BSI), announced that the Taiwan Stock Exchange has been awarded the world's first ISO 14068-1:2023 Carbon Neutral Verification Certificate by BSI. As the initiator of the "London Declaration," BSI facilitated the release of ISO IWA 42:2022 Net Zero Guidelines and will continue to promote the development of ISO Net Zero Standards. The successful verification of the Taiwan Stock Exchange showcases how standards can support global carbon reduction and sustainable development. BSI hopes this achievement will lead more companies towards a net zero sustainable future.

New Taipei City’s Economic Development Bureau today held its first "Net-Zero Transformation Application Matching Event," pairing green power certificates with green products to facilitate businesses in achieving their RE100 goals. Deputy Mayor Liu Ho-ran, together with industry representatives and the Bureau of Standards, Metrology and Inspection, launched a partnership to actively integrate six major green power suppliers in northern Taiwan, forming a green power alliance to assist enterprises in acquiring green electricity.

In response to the 2050 Net Zero targets, the world is entering a comprehensive transformation era. On the 18th, Dr. Eugene Chien,  Chairman of the Taiwan Institute for Sustainable Energy (TAISE), urged all organizational leaders to adopt an open mindset, embrace learning with optimism, and collaborate with partners. On the path to sustainability, no one should be left behind, and no one should walk alone.

Shin Kong Hospital Partners with Far EasTone to Build a Green Data Center in Three Phases, Saving Nearly 100,000 kWh of Electricity Annually, Equivalent to 25% Energy Savings. This Achievement Demonstrates Their Commitment to ESG Operations and Has Been Recognized with the National Healthcare Quality Award.

Corporate sustainable development has become a hot topic, with hospitals being one of the world's most significant sources of carbon pollution and the leading non-productive sector in electricity consumption in Taiwan.
Eugene Chien Ph.D.,Chairman of the Taiwan Institute for Sustainable Energy (TAISE), stated that the high carbon emissions from hospitals are a crucial aspect of sustainable development that cannot be ignored. He emphasized the need for all hospital departments to participate in transformation and embrace the opportunities brought by the transition to net-zero emissions.

Following the launch of the Blue Carbon Project in mid-June, Taiwan Carbon Solution Exchange (TCX) listed removal-type carbon credits on the 1st, with approximately 10,000 tons from the Paraguay reforestation Green Carbon Project. On the same day, the Ministry of Environment announced the "Greenhouse Gas Reduction Quota Trading Auction and Transfer Management Regulations," set to take effect on August 15th. The first batch of domestic carbon credits is expected to be listed by late September.

Finland and Denmark are advancing plans that go beyond net-zero emissions. These two Nordic countries are targeting "net-negative emissions," where the amount of carbon dioxide absorbed by the atmosphere exceeds what is emitted. If achieved, these Nordic nations will not only contribute significantly to the global climate crisis but also help slow the pace of global warming.

Under the guidance of Dr. Lin Shu-Mei, the R&D Director of China University of Technology, and Professor Lai Chien-Hua from the Department of Business Administration, students Zhang Li-Jia, Yang Zhi-Zhong, Peng Jiu-Wen, and Lai Jia-Yi from the Hsinchu Campus formed the "Infinite Action Entrepreneurial Team." They recently participated in the "2024 4th Living Lab Project Awards," organized by the CTCI Education Foundation and TAISE.

Jointly organized by the CNA and the Ministry of Environment, and sponsored by China Development Financial, the 'Towards a New Era of Zero Carbon Sustainability' series of forums kicked off in Taipei on June 5th. Experts from the industry, government, and academia gathered to discuss and exchange views on carbon credits, providing insights and solutions for achieving zero carbon in Taiwan at this critical moment towards sustainable net zero.

The climate change crisis is imminent, and there is a high level of global concern regarding net-zero emissions and sustainable finance. Industry, government, academia, and research sectors are focusing on net-zero emission targets, contemplating how to ensure the safety and stability of the financial system while pursuing sustainable development. In light of this, Taiwan Tech has incorporated "Net-Zero Emissions and Sustainable Finance" as one of the themes in the MITT Industry-Academia Technology Forum series. The forum invites distinguished experts to discuss the current state and future trends of global net-zero emissions and sustainable finance from multiple perspectives.

The department of economic development of Taipei City was held a press conference on the launch of the "Taipei City Small and Medium Enterprise Knowledge Academy Series Courses" on the 14th to continue assisting small and medium-sized enterprises in responding to industry trends and enhancing overall industry competitiveness. In the 113th fiscal year, the theme will be "AI Cultivation. Building Sustainability". Small and medium-sized enterprises in Taipei City are invited to actively sign up for this year's "AI Application Cultivation" and "Sustainable Talent Cultivation" courses starting today. Heavyweight speakers from companies such as Lion Travel and Microsoft Taiwan will be invited to participate.