1,958 Listed Companies Must Complete ESG Reporting by End of June

The Financial Supervisory Commission (FSC) reminded all 1,958 listed companies on June 2 to complete their 114th-year ESG reporting by the end of June to promote the sustainable development of Taiwan's capital market. Additionally, companies must submit their sustainability reports by the end of August to provide stakeholders with key data for investment decisions. Huang Chung-hao, Deputy Director-General of the Securities and Futures Bureau, stated that to reduce the reporting burden, the ESG digital platform now includes an 'ESG Indicator AI Extraction Service,' which uses AI to automatically pull relevant data from annual reports. Furthermore, the platform offers a feature to assist in drafting sustainability reports. The FSC also noted that companies already disclosing SASB industry indicators and climate-related information in their annual reports may be exempt from certain additional disclosure requirements, thereby reducing compliance costs.