The Taiwan Stock Exchange (TWSE) has made history by becoming the world’s first exchange to achieve the ISO 14068-1:2023 carbon neutrality certificate, awarded by the British Standards Institution (BSI). This prestigious recognition follows a rigorous evaluation and audit process, highlighting the TWSE’s dedication to environmental protection and sustainable development. The certification signifies not only the TWSE’s progress in these areas but also its commitment to leading global sustainability initiatives.
Harold Pradal, President of Assurance Services and Executive Committee Member of BSI Group, personally presented the certificate to Sherman Lin, Chairman & CEO of TWSE, during his visit to Taiwan. The BSI Group expressed its profound admiration for the TWSE’s efforts and achievements in promoting sustainable development while adhering to the highest international standards.
The TWSE’s commitment to sustainability is deeply ingrained in its operations. The exchange has consistently worked to build sustainable resilience and enhance its operational mechanism and quality across environmental, social, and governance aspects. In early 2023, the TWSE responded to Taiwan’s 2050 net-zero transformation goal by developing a comprehensive carbon neutrality roadmap. Consulting with Ernst & Young and referencing the Science Based Target initiative (SBTi), the TWSE set a near-term goal to reduce greenhouse gas emissions by 37.8% from the 2022 baseline to 2030, aligning with the global target of limiting temperature increase to 1.5°C. The ultimate objective is to achieve net-zero emissions by 2050.
The TWSE’s strategy to reach its net-zero goal involves a multi-pronged approach. Between 2022 and 2040, the exchange aims to reduce emissions through energy-saving measures, equipment replacement, and renewable energy targets. Any remaining greenhouse gas emissions will be offset using carbon credits to achieve annual carbon neutrality. From 2040 to 2050, the TWSE will continue to offset residual emissions, demonstrating its unwavering commitment to its net-zero emission goal.
The TWSE aspires to become a benchmark for Taiwanese companies, embracing its vital role in complying with government policies and international standards. Beyond carbon neutrality certification, the TWSE leads by example, fostering sustainable development among listed companies in Taiwan. Together with enterprises, it strives to achieve the global net-zero emission goal, creating a flourishing and fruitful sustainable future.
About TWSE: The Taiwan Stock Exchange (the “TWSE”) commenced operations on February 9, 1962. The TWSE is responsible for operating and advancing Taiwan’s securities market. The TWSE’s primary business operations include listing, trading, settlement, and surveillance. These encompass listing promotion and review, post-listing supervision and corporate governance, maintaining market trading and order, securities firms’ services, investor protection, clearing and settlement operations, safeguarding against market defaults, and monitoring illegal transactions. The Exchange provides comprehensive services to the stock market.
