TAI FSC Sustainability Indicators Issued

Published on: Oct 15, 2024

On Oct. 11, TAI FSC issued sustainable finance evaluation indicators.

  • TAI FSC announced the third round of sustainable finance evaluation indicators, to encourage financial industry to address climate change and sustainable development.
  • Follows TAI FSC Jan. 2024 issued sustainable finance evaluation indicators, #197398.
  • Differences from Second Assessment
  • Scope expanded to include asset management companies with assets between NTD 300bn and NTD 600bn; and total of 86 financial institutions to be evaluated.
  • New topics are included, such as dual materiality in sustainability reports, financial crime prevention efforts, and services provided to remote areas or minority groups.
  • Evaluation handbook and information sessions will be provided to guide institutions through process; information will be available on FSC’s sustainable finance platform.
  • Evaluations begin in May 2025, with submissions due by Sep. 15, 2025; and the evaluation results are expected to be released within the first quarter of 2025.
Regulators
TAI FSC
Entity Types
B/D; Bank; BHC; IHC; Ins; Inv Co
Reference
PR 10/11/2024; ESG
Functions
Compliance; C-Suite; Environment; Exams; Financial; Legal; Reporting; Social; Treasury
Countries
Taiwan
Category
State
N/A
Products
Banking; Fund Mgt; Insurance; Securities
Rule Type
Guidance
Regions
AP
Rule Date
Oct 11, 2024
Effective Date
May 1, 2025
Rule ID
229547
Linked to
Reg. Last Update
Oct 11, 2024
Report Section
International