Business Today held the 4th ESG Sustainability Taiwan International Summit in Taipei on March 18, inviting government bodies as well as Taiwanese companies to share their low-carbon practices, including carbon disclosure, technological innovation, and green trading.
Taiwan ranks fifth in global carbon disclosure; CDP to launch new questionnaire for SMEs
Carbon disclosure will be a trend in international trade, said Tseng Wen-sheng (曾文生), deputy minister of the Ministry of Economic Affairs (MOEA), pointing out that Taiwan ranked fifth globally in terms of declaration in the first phase of the EU's Carbon Border Adjustment Mechanism (CBAM), demonstrating the capability of domestic companies to make declarations and their high sensitivity to carbon pricing.
This year's ESG Taiwan Sustainable International Summit invites Carbon Disclosure Project (CDP)’s chief impact officer Bartlett (second from left) to engage in dialogue with enterprises. (Photo: Nana Chen)
Nicolette Bartlett, Carbon Disclosure Project (CDP)'s chief impact officer, said that more than 23,000 companies worldwide have conducted carbon disclosure through CDP, with significant growth in Asia in recent years.
In Taiwan, 624 companies have completed carbon disclosure through CDP, a 22% increase from 2022, indicating Taiwanese companies' recognition of the importance of carbon disclosure, she said.
She added that CDP is optimizing the disclosure process and will launch a streamlined questionnaire for small and medium-sized enterprises (SMEs).
Bartlett shared that CDP's motto is "What you can measure, you can manage of," emphasizing that disclosing carbon emissions is the first step in carbon management, and the data would be crucial for business decision-making, enabling effective cost risk management and enhancing competitiveness.
