The Taiwan Stock Exchange (TWSE) will be the
first market in Asia-Pacific to implement mandatory CSR reporting,
adhering to the Global Reporting Initiative G4 principles. 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 must also comply.
Food processing companies must obtain
external verification on their CSR reporting. G4 CSR reporting will have
to be completed by the end of June each year. However, if the listed
company does not prepare a corporate social responsibility report in the
most recent year or does not prepare the report by referring to the GRI
Guidelines, or the CSR report has obtained a CPA’s letter of opinion,
the filing may be completed by December 31.
The move follows new measures and rules
set out by Taiwan’s Financial Supervision Commission and codified by
TWSE last month. TWSE will continue to offer corporate governance
conferences, training seminars for business communities, and experience
sharing sessions.
TWSE expects the move will help Taiwan’s
capital market to attract more investors looking for sustainable
investment opportunities.
No comments:
Post a Comment