Taiwan ESG Rating Index to be developed by TIRI and CMoney

Rick Steves

The three core values of the “Taiwan ESG Rating Index” in the collaboration with CMoney were outlined by TIRI’s Vice Chairman Jonny Kuo.

Taiwan Investor Relations Institute aka TIRI has partnered with CMoney Technology to develop the Taiwan ESG Rating Index as investors in the country are more ESG-minded than ever.

Research has shown that while the market value and transaction volume of listed companies in Taiwan have surged since 2018 with a total market value exceeding NT$55 trillion this year, investors’ main concern has oriented towards sustainability strategies and results.

The partnership between TIRI and CMoney will aim to give more specific directions,  indicators, and information concerning ESG implementation performance.

Transparency, open platform, international standards

The three core values of the “Taiwan ESG Rating Index” in the collaboration with CMoney were outlined by TIRI’s Vice Chairman Jonny Kuo:

1. Having the rating based on quantitative information and supplemented by qualitative information, the index strives for fairness and transparency;

2. Using an open platform for listed companies to voluntarily participate in information disclosure;

3. Improving regulatory compliance in Taiwan and complying with international standards.

CMoney is a professional financial and economic platform with more than 20 million views a month on average, over 2 million active app users, and an investment decision system adopted by the majority of investment institutions.

Its participation in the promotion of the “Taiwan ESG Rating Index” will allow investors to acquire ESG rating information and relevant discloses more effectively.

Tom Huang, the Senior IR Manager of BizLink Holding, will be addressing a seminar on ESG practices during TIRI’s annual conference, where he will share his practical experience and professional analyses to provide a clearer picture on how to bring their ESG to perfection and improve their ratings in various ESG rating agencies.

Peter Kurz, the former Managing Director and Head of Research at Taipei Branch of Citigroup Global Markets Inc, will also share his personal experience on the subject.

FinanceFeeds webinar: Expert panel to discuss market data for multi-asset brokerages  

Energy crisis as an opportunity for ESG investing

The global energy crisis is being seen as an opportunity for ESG to spread its wings as sustainable investing stands as the best option for investors and humanity as climate change lingers.

“It’s becoming increasingly clear that the best way and most sustainable way to solve this and future energy crises is to accelerate the transition towards cleaner power”, said Nigel Green, chief executive officer and founder of deVere Group.

“Investors, keen to get ahead of the curve as well as earn profits with purpose, will be more keenly seeking out the opportunities as the world scrabbles to mitigate the environmental, economic and social fallout of the current situation – a situation which is likely to be a constant risk.”

deVere Group, an independent financial advisory with $12bn under advisement, has seen its clients move increasingly toward sustainable investing.

In June 2020, around 26% of deVere clients around the world were eyeing exposure or already had exposure to ESG investments. This has now increased to 44% over the past 12 months and the trend is set to gain further momentum.

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