upn-taiwan stock-01-17-10-The Number of TWSE-Listed Companies that Compiled CSR Reports Increased Significantly in 2014 Publish Date︰2015-01-16 18:13 153 Companies Compiled CSR Reports in 2014 The Taiwan Stock Exchange (TWSE) announcf

Back to List The Number of TWSE-Listed Companies that Compiled CSR Reports Increased Significantly in 2014 Publish Date︰2015-01-16 18:13 153 Companies Compiled CSR Reports in 2014 The Taiwan Stock Exchange (TWSE) announced that a total of 153 TWSE-listed companies published CSR (corporate social responsibility) reports in 2014, making an increase of 43 from 2013 at an annual growth rate of 39%. These statistics show that the increased attention and focus in Taiwan on corporate governance, corporate social responsibility, and other issues related to sustainability. In addition, increasingly more TWSE-listed companies  have been voluntarily disclosing non-financial performance, which stakeholders emphasize. 　 Electronics Industry with Most Companies at 74, Financial Services and Insurance Industry with Highest Proportion at 54% According to statistics, the industry with the most companies that compiled CSR reports was the electronics industry at 74, followed by the financial services and insurance industry at 19 and other industries at 11. In regards to the proportion of each industry that compiled CSR reports, the financial services and insurance industry holds the highest rate at 54%, followed by the shipping industry at 45%. The figures for other industries, steel industry, and electronics industry also reached 26%, 20%, and 19%, respectively. The reason that more than half of the financial services and insurance industry compiled CSR reports is due to the fact that it serves as an important pillar for overall economic development, has an enormous range of stakeholders. In addition, they have relatively greater resources and are motivated by benchmarks. For the shipping and steel industries, the reason for their higher rates of reporting is perhaps due to prevailing transnational business models and industrial consumption. Furthermore, increased global voluntary initiatives, supply chain requirements, investor attention, and social expectations also serve as important factors for prompting each industry to publish CSR reports. As Many as 90% of Those Companies Adopt the International Standard GRI The TWSE states that the proportion of companies that adopted sustainability reporting guidelines released by Global Reporting Initiatives (GRI) while compiling CSR reports has reached 90%, thereby increasing the comparability of CSR reports. Additionally, 34% of these companies used GRI G4.0, which is the latest version, in the compilation of such reports. This ratio is expected to continue rising with the promotion of international trends and decrees. For 2015, companies from the food, financial and chemical industries, as well as those with paid-in capital of more than NT$10 billion, will all be compelled to compile CSR reports. Approximately 170 companies are included in that category, and nearly 80 companies are expected to voluntarily release CSR reports - a total of approximately 250 companies, which accounts for nearly 30% of all the TWSE-listed companies. This will further improve the quality of information disclosure of Taiwan’s capital market. Statistical information regarding CSR reports has also been published at the Corporate Governance Center.  It is available for reference athttp://cgc.twse.com.tw/corpSocialResponsibility/chPage.