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Taipei, July 24, 2024 /PRNewswire/ — The Taiwan Stock Exchange (TWSE) announced today that, following a rigorous evaluation and review process, it has become the first stock exchange in the world to receive ISO 14068-1:2023 certification from the British Standards Institution (BSI) for carbon neutrality. The award not only reflects TWSE’s progress in environmental protection and sustainable development, but also highlights its leadership in global sustainability initiatives.
The Taiwan Stock Exchange has become the first exchange in the Asia-Pacific region to obtain the ISO 14068-1 carbon neutrality certification issued by the British Standards Institution (BSI). From left to right are BSI Northeast Asia General Manager Prawender, BSI Group Assurance Services President and Executive Committee Member Harold Pradal, Taiwan Stock Exchange Chairman Jeremy Lin, Taiwan Stock Exchange Senior Vice President of Administration Department Hsiu-sheng Tsai, and Taiwan Carbon Solutions Exchange (TCX) CEO Chih-Chiang Tien.
Taiwan Stock Exchange Chairman Lin Shao-po presented a commemorative gift to Harold Pradal, President of BSI Group Assurance Services and member of the Executive Committee.
Harold PradalThe head of BSI Group’s insurance services department and board members personally Lin ShaomanChairman and Chief Executive Officer Taiwan Stock ExchangeDuring his visit TaiwanThe BSI Group highly recognizes the efforts and achievements made by the Taiwan Stock Exchange in promoting sustainable development in accordance with the highest international standards.
The Taiwan Stock Exchange has long been committed to sustainable development practices, continuously building sustainable resilience, and improving its operating mechanisms and quality in terms of environment, society and governance. In early 2023, the Taiwan Stock Exchange responded to Taiwan’s 2050 net zero transformation goal by formulating a carbon neutrality roadmap. The Taiwan Stock Exchange, in consultation with EY and referring to the Science Based Targets Initiative (SBTi), has formulated a short-term goal of reducing greenhouse gas emissions by 37.8% from 2022 to 2030 to limit global temperature rise to within 1.5°C. The ultimate goal is to achieve net zero emissions by 2050.
Between 2022 and 2040, TWSE aims to reduce emissions through energy-saving measures, equipment replacement and the use of renewable energy. Any remaining greenhouse gas emissions will be offset through carbon credits to achieve annual carbon neutrality. Between 2040 and 2050, TWSE will continue to offset residual emissions and unwaveringly pursue the goal of net zero emissions.
The Taiwan Stock Exchange is committed to becoming a benchmark for Taiwanese companies and plays an important role in complying with government policies and international standards. In addition to certifying carbon neutrality, the Taiwan Stock Exchange is leading by example and promoting sustainable development of listed companies TaiwanIt works with businesses to achieve global net-zero emissions targets and create a prosperous, productive and sustainable future.
Information about the Taiwan Stock Exchange
The Taiwan Stock Exchange (TWSE) began operations on February 9, 1962. The Taiwan Stock Exchange is responsible for the operation and development of Taiwan’s securities market. The main business areas of the Taiwan Stock Exchange include listing, trading, settlement, and monitoring. These include stock exchange listing, post-listing monitoring and corporate governance, maintaining the market and orderly trading, providing services to investment companies, investor protection, clearing and settlement operations, hedging market failures, and monitoring illegal trading. The exchange provides comprehensive services for the stock market.
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