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.

Read this next

Metaverse Gaming NFT

Despite crypto winter, Fastex grabs $23.2 million in Fasttoken token sale

Fasttoken, part of the Fastex web3 ecosystem, has secured $23.2 million in financing through the private and public token sales of its native cryptocurrency Fasttoken (FTN).

Digital Assets

Iran to repay Russian debts in gold-backed stablecoins

A high-ranking member of the Russian parliament confirmed reports that his country was in talks with Iran to create a stablecoin for foreign trade settlements, to replace the dollar, ruble and Iranian rial.

Digital Assets

SEC denies Cathie Wood’s bitcoin ETF for second time

The approval of a regulated crypto derivative is still looking far less likely, as the US regulators have once again denied Cathie Wood’s application for a long-awaited spot bitcoin exchange-traded fund (ETF).

Executive Moves

Pavel Spirin promoted to Scope Markets CEO following Rostro acquisition

Belize-based FX and CFDs brokerage Scope Markets has promoted Pavel Spirin to take on an expanded role as the company’s chief executive officer. He replaces the outgoing CEO Jacob Plattner, who has also been a major shareholder since he resigned his position as managing director at GKFX.

Retail FX

Public.com goes all-in on alternative investing, launches Rare Sneaker Portfolio

“The concept of curated Portfolios means that our members will be able to invest in categories like art, trading cards, royalties, and real estate without needing to become subject matter experts on individual assets.”

Industry News

State Street taps AWS and Microsoft for cloud and infrastructure solutions

“By standardizing and simplifying our technology operating model, we will be able to more quickly deploy client environments and launch new products and services, while continuing to enhance the resiliency of our technology environment and our business operations.”

Institutional FX

Bitpanda launches Investment-as-a-Service business for banks, fintechs, online platforms

“Financial institutions today have to ask themselves how they aim to cater the increasing demand for modern investing solutions. Building these Individually, means a high startup cost, and products that are often outdated before they are even launched.”

Institutional FX

Options expands market data feeds after partnership with Tools for Brokers

“Our integration with ACTIV Financial marked the beginning of a new era in market data availability and infrastructure. Our teams have come together to provide unparalleled, fully managed market data services alongside Options’ global connectivity and infrastructure.”

Industry News

Recruitment in financial services sector buoyant despite planned mass layoffs

“It remains to be seen what impact this will have on hiring levels within the financial services arena this quarter”, said APSCo, regarding the expected mass layoffs within the financial services sector in England & Wales. 

<