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World Earth Day 2024 TDCC Stock Services and ESG IR Platform Collaborate to Foster Sustainable Finance

2024/04/22

Taiwan Depository & Clearing Corporation (TDCC) is committed to providing investors with a more convenient digital experience. Its Stock Services Platform and ESG Investor Relations (IR) Platform serve as digital bridges between issuers and shareholders, reducing operational costs for issuers and shareholder services agent, and effectively demonstrating ESG sustainability on the occasion of Earth Day 2024.

TDCC's Stock Services Platform integrates eVoting, eMeeting, and eNotice services. With the policy promotion by the Financial Supervisory Commission (FSC), TWSE-listed, TPEx-listed, and emerging companies have fully adopted electronic voting. Last year, the electronic voting rate reached 60.51%, with an innovative total of 13.13 million votes. Since the launch of the eMeeting platform in 2021, the number of TWSE-listed, TPEx-listed, and emerging companies using Shareholder Meetings with Video Conference has increased annually. It is estimated that 109 companies will adopt it this year, setting a new record. Shareholders can exercise their voting rights online through the eVoting platform or participate in virtual shareholder meetings through the eMeeting platform, promoting shareholder activism and effectively reducing carbon emissions.

In addition, TDCC's eNotice platform has provided electronic notification services for dividend distributions of public companies since June last year. In March this year, it added electronic notification services for ETF income distribution. Apart from significantly reducing the use of paper, printing, and postage costs for issuers, investors can quickly view information such as distribution dates and dividend amounts anytime through the platform, without receiving paper dividend notification forms, thereby safeguarding personal financial privacy. Currently, nearly 500,000 investors have agreed to and activated electronic notifications on the eNotice platform, and TDCC has assisted TWSE-listed, TPEx-listed, emerging companies, and ETF issuers in sending nearly 750,000 electronic notifications, effectively implementing environmental sustainability policies.

Furthermore, in line with the Financial Supervisory Commission's emphasis on "Promoting Sustainable Development and Corporate Governance," TDCC has been providing proxy paper research from international proxy advisory services company Glass Lewis to over 800 issuers since 2021. Last year, TDCC released Taiwan's first "Code of Conduct for ESG Ratings Providers" and launched new services such as the Voting Disclosure Search System. Additionally, TDCC plans to launch the first standardized scope 3 emissions analysis tool for financial sector in Taiwan by the end of this year, aiming to become a strong support for market participants and guide institutional investors to allocate funds, encouraging companies to strengthen their response to climate change risks and ESG trends.

Chairman Bing-Huei Lin of TDCC mentioned that TDCC continues to develop a shareholder e-service ecosystem, providing investors with convenient digital services, and through sustainable finance "4C services": Climate, ESG Rating and Code, Due Diligence Governance and Compliance, and Corporate Governance, providing diverse financial technology solutions for the market.

TDCC actively responds to Earth Day, playing a key role in Taiwan's sustainable finance ecosystem, collaborating with issuers and their shareholders to create a win-win situation and contribute to the goal of net-zero emissions by 2050.

TDCC supports World Earth Day 2024