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TDCC Joins Forces with National Taipei University and SinoPac Securities Investment Service to Establish Taiwan's ESG Rating Brand

2024/03/29

Taiwan Depository & Clearing Corporation (TDCC) has announced a collaboration with the Center for Corporate Sustainability of NTPU and SinoPac Securities Investment Service. Starting today, TDCC's "ESG IR Platform" will provide two domestic ESG ratings: National Taipei University's "Taiwan Sustainability Ratings" and SinoPac Securities Investment Service's "SinoPac+ ESG Ratings." The scope covers over 800 TWSE and TPEx listed companies in Taiwan and is freely available for general investors to access, providing a more diverse range of ESG investment reference indicators.

Daniel Chen, President of TDCC, pointed out that since 2019, TDCC has become a major partner of the world's six leading ESG ratings providers in Taiwan, highlighting the global ESG industry's recognition of TDCC's professionalism and neutral role. The introduction of two domestic ESG ratings marks another milestone in ESG rating cooperation. By introducing the latest research results from academia and industry in Taiwan, the new initiative will help further popularize ESG investment in Taiwan.

Hsiang-Lin Chih, Head of the Center for Corporate Sustainability of NTPU, stated that the Taiwan Sustainability Ratings combines international sustainability trends with domestic policies and regulations, promptly responding to government policy requirements. It not only aligns with international standards but also fits local needs. The aim is to guide Taiwanese companies to pay attention to ESG, achieving a win-win-win situation for companies, investors, and society.

Poem Lee, General Manager of SinoPac Securities Investment Service, mentioned that since 2020, SinoPac Securities Investment Service has introduced the international Sustainability Accounting Standards Board (SASB) and combined it with common sustainability issues in local industries to tailor sustainable indicators with significant financial impact for investors, and established SinoPac+ ESG Ratings. It is an honor to collaborate with TDCC, transparently providing SinoPac+ ESG Ratings to all stakeholders. It is hoped that SinoPac+ will continue to assist stakeholders in enhancing decision-making usefulness and sustainability impact.

In conjunction with this cooperation, the Center for Corporate Sustainability of NTPU and SinoPac Securities Investment Service have also taken the lead in endorsing the "Code of Conduct for ESG Ratings Providers" published by TDCC, committing to continue cooperating with TDCC on issues such as research methodology, transparency, and independence to build the high-quality domestic ESG rating brand. For more information, please visit the ESG IR Platform (https://irplatform.tdcc.com.tw/).

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