Taiwan Depository & Clearing Corporation

To facilitate sustainable development for securities and futures sectors and move to a green capital market, the Taiwan Depository Clearing Corporation (TDCC) established the Securities and Futures Industry ESG Execution Information System. Under the instructions of the Financial Supervisory Commission (FSC), the new system was a joint effort by TDCC as well as securities and futures related entities. It helped 120 institutions with ESG disclosures that covered concrete measures. In the first round of reporting, the system also generated visualized supervisory data for FSC to enhance ESG supervision.

To perfect the ESG ecosystem, strengthen the sustainable operation of securities and futures sectors, as well as facilitate CSR, the FSC announced Transition Strategies of Sustainable Development for Securities and Futures Sectors on March 8, 2022. The objectives are to help these sectors identify risks, business opportunities, and factors affecting market positioning so that they can become more internationally competitive, maintain an improved ESG framework, and achieve the transition goals of sustainable development for securities and futures sectors.

Jane Chang, TDCC Senior Executive Vice President, stated that they successfully established the Securities and Futures Industry ESG Execution Information System under the direction of the FSC. The drivers of the new system are Taiwan Stock Exchange (TWSE), Taipei Exchange (TPEx), Taiwan Futures Exchange (TAIFEX), and the three biggest associations of securities and futures sectors. The system features report reminders, automatic notifications that monitor document flow, correction information, data export files, and other functions. Through this one-stop service, supervisory agencies such as the FSC and TWSE can see real-time, multidimensional, and visualized analytics about the whole picture of these sectors. In addition, to provide users with a more friendly reporting interface, TDCC is optimizing the functions of the reporting service system. It is expected to be launched by the end of the year. The industry will find it more convenient to report ESG data.

TDCC Senior Executive Vice President Chang stressed the importance of innovation, resilience, and sustainability in the company’s operational strategies. At the same time, TDCC is working with related industrial entities and financial institutions to further their cooperation on ESG projects. Together, they will spare no expense in building an ESG ecosystem, taking the global competitiveness of Taiwan’s securities and futures sectors up a notch, and nudging as closer to net zero transformation as possible.