TAIPEI (Taiwan News) – The Fifth annual “Taiwan Sustainability Reporting" conference was held in Taipei on March 22, with the head of the Global Reporting Initiative (GRI), Timothy Mohin, along with over 200 other experts in sustainability reporting in attendance.
The conference, hosted in part by local Taiwan sustainability reporting platform, CSRone, is intended to provide a forum where private industries, NGOs, and government can come together towards improving sustainability reporting and encouraging responsible corporate conduct at large.
The theme of this year’s conference was “breaking boundaries, and creating opportunities.”
CSRone’s Chairman Gennie Yen (嚴德芬) noted in her address that when Taiwan began analyzing and compiling a national sustainability report five years ago in 2013, only 149 companies submitted corporate social responsibility (CSR) reports for the first year’s conference.
This year’s Taiwan sustainability report included analysis of data from reports by 528 domestic firms, and 78 international companies operating in Taiwan.
Such a positive trend suggests that more companies are recognizing the importance of reducing waste and risk, and the opportunities that are presented by the promotion of sustainable enterprises.
According to the report, Taiwan has the third highest score for corporate sustainability reporting among countries in Asia, surpassed by only South Korea and Singapore.
Timothy Mohin, Chief Executive of GRI, in his remarks expressed his gratitude to companies, and sustainability analysts in Taiwan. He thanked them for their commitment to advancing sustainability in Taiwan at a national level, and serving as an example to others.
Mohin foresees a major growth in sustainability reporting and sustainability frameworks that will be adopted across the globe, with annual reports on corporate sustainability becoming quarterly reports similar to the financial industry.
As government and industry begin working closer to implement sustainability targets and regulatory frameworks for corporations, in areas of Environment, Economy, and Society (ESG), the world can begin working faster towards developing a global management framework.