On Mar. 3, 2025, TAI EXC published disclosure examples and self-assessment templates re IFRS sustainability disclosure standard (S2), for two industries.
Aim at assisting steel manufacturers and hardware companies to aligning with S2.
TAI EXC reminds that companies in the first phase should complete their initial disclosure before Apr. 15, 2025, they should prepare as early as possible.
On Jul. 6, TAI FSC said to align with IFRS ESG disclosure standards.
TAI FSC said that it plans to align with the IFRS sustainability disclosure standards.
Refer to IOSCO and international practices to promote IFRS ESG disclosure standards.
TAI FSC issued a sustainable development action plan for listed firms, see #167744.
Will set up a working group to translate of IFRS sustainability disclosure standards, analysis of differences with current sustainability reports and trial best practice.
It will be arranged by phases; listed companies/OTC listed firms with capital of over NTD 10bn will compile sustainable information in 2026 and disclose in 2027.
Aug. 2023 Blueprint
On Aug. 17, 2023, TAI FSC issued Roadmap for Taiwan listed companies to align with IFRS sustainability disclosure standards, to enhance the quality and comparability.
Key points include adoption of IFRS sustainability disclosure standards, with FSC approval required, phased adoption starting from 2026 for large-cap with capital over NTD 10 bn, 2027 for companies with capital between NTD 5 to 10bn, 2028 for others.
Mandated disclosure of sustainability information in annual reports, aligned with financial reporting, and flexibility in disclosure content for different capabilities.
TAI FSC established a taskforce to promote alignment with IFRS sustainability standards, resembling Taiwan's experience with IFRS accounting standards.
To translate standards, analyze differences, develop best practices, provide guidance.
Sep. 2023 TPEX Section
On Sep. 8, 2023, TAI BAC mentioned the integrated IFRS sustainability disclosure standards section established by TAI TPEX was officially online as of Aug. 31, 2023.
Sep. 19, 2023 Q&A
On Sep. 19, 2023, TAI EXC officially launched the first version of the Q&A for public reference, to address various issues related to IFRS sustainability disclosure standards.
Covers topics including early disclosure in annual reports, classifications for diversified enterprises, greenhouse gas inventory standards, and climate-related data disclosure.
Jul. 2024 TPEX IFRS Implementation
On Jul. 4, 2024, TAI TPEX published Progress table of implementation of IFRS sustainability disclosure standards by companies, to assist companies in establishing implementation plans, quarterly reporting to the board for control and management.
Companies in phases two and three can use these examples to plan in advance.
In Aug. 2024, TAI FSC proposed amendments re report preparation, see #223270.
In Dec. 2024, TAI Justice proposed to simplify rules re IFRS reporting, see #237209.
Mar. 2025 TAI EXC Disclosure Examples
On Mar. 3, 2025, TAI EXC published disclosure examples and self-assessment templates re IFRS sustainability disclosure standard (S2), for two industries.
Aim at assisting steel manufacturers and hardware companies to aligning with S2.
TAI EXC reminds that companies in the first phase should complete their initial disclosure before Apr. 15, 2025, they should prepare as early as possible.
