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Taiwan companies with strongest carbon commitments yield better stock returns

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Business Weekly Group published the survey result of Taiwan top 100 companies with the most carbon competitiveness at the Carbon Competitiveness Summit 2023 held on Nov. 17.

According to the survey, 73% of the top 100 companies saw higher share prices than their counterparts. 

Carbon reduction will become the most competitiveness edge in the next 20 years, and the more emissions companies reduce, the more profits it will generate, said Business Weekly’ chief writer Lu Kuo-chen (呂國禎) at the summit.

Quite a few leading Taiwanese companies have tapped into the carbon business, introducing products such as carbon neutral laptop, low-carbon cement, and low-caron steel, as well as innovative business models to drive carbon neutrality, Lu said.

Business Weekly invites companies including DHL, Alibaba, MoMo, Taiwan Cement and Taipei 101 to the Carbon Competitiveness Summit 2023 to exchange experiences. (Photo: Hsu Tsu-lin)

Financial sector taking the lead in carbon reduction

The survey, conducted in collaboration with Risk Society and Policy Research Center for its second year, ranked companies based on five indicators, including carbon productivity, carbon emissions increase rate, carbon reduction commitment, management, and Scope 3 emissions that are revealed in companies’ annual sustainability report. 

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