TAIPEI, July 23,
2024 /PRNewswire/ -- Taiwan Stock Exchange (TWSE)
announced today that it has become the world's first exchange to be
awarded the ISO 14068-1:2023 carbon neutrality certificate by the
British Standards Institution (BSI), after undergoing a rigorous
evaluation and audit process. This achievement not only signifies
the TWSE's progress in environmental protection and sustainable
development but also underscores its leadership role in global
sustainability initiatives.
Harold Pradal, President of
Assurance Services and Executive Committee Member of BSI Group,
personally presented the certificate to Sherman Lin, Chairman & CEO of TWSE, during
his visit to Taiwan. The BSI Group
highly recognizes the TWSE's efforts and achievements in promoting
sustainable development while adhering to the highest international
standards.
The TWSE has long been committed to sustainability practices,
continuously building sustainable resilience and enhancing its
operational mechanism and quality across environment, social, and
governance aspects. In early 2023, the TWSE responded to
Taiwan's 2050 net-zero
transformation goal by developing a carbon neutrality roadmap.
Consulting with Ernst & Young and referencing the Science Based
Target initiative (SBTi), the TWSE set a near-term goal to reduce
greenhouse gas emissions by 37.8% from the 2022 baseline to 2030,
aligned with limiting global temperature increase to 1.5°C. The
ultimate objective is net-zero emissions by 2050.
Between 2022 and 2040, the TWSE aims to reduce emissions through
energy-saving measures, equipment replacement, and renewable energy
targets. Any remaining greenhouse gas emissions will be offset
using carbon credits to achieve annual carbon neutrality. From 2040
to 2050, the TWSE will continue to offset residual emissions,
demonstrating unwavering commitment to its net-zero emission
goal.
With the aim of becoming a benchmark for Taiwanese companies,
the TWSE embraces its vital role in complying with government
policies and international standards. Beyond carbon neutrality
certification, the TWSE leads by example, fostering sustainable
development among listed companies in Taiwan. Together with enterprises, it strives
to achieve the global net-zero emission goal, creating a
flourishing and fruitful sustainable future.
![Taiwan Stock Exchange has become the first exchange in the Asia-Pacific region to receive the ISO 14068-1 carbon neutrality verification issued by BSI. From left to right: Peter Pu, Managing Director of BSI NE Asia Region, Harold Pradal, President of Assurance Services and Executive Committee Member of BSI Group, Sherman Lin, Chairman & CEO of the TWSE, Hsiu-Sheng Tsai, Senior Vice President of Administration Department of the TWSE, and Joshua Tien, CEO of Taiwan Carbon Solution Exchange (TCX). Taiwan Stock Exchange has become the first exchange in the Asia-Pacific region to receive the ISO 14068-1 carbon neutrality verification issued by BSI. From left to right: Peter Pu, Managing Director of BSI NE Asia Region, Harold Pradal, President of Assurance Services and Executive Committee Member of BSI Group, Sherman Lin, Chairman & CEO of the TWSE, Hsiu-Sheng Tsai, Senior Vice President of Administration Department of the TWSE, and Joshua Tien, CEO of Taiwan Carbon Solution Exchange (TCX).](https://mma.prnewswire.com/media/2467138/Taiwan_Stock_Exchange_exchange_Asia_Pacific_region_receive_ISO_14068_1_carbon.jpg)
![Sherman Lin, Chairman & CEO of the TWSE, presents a commemorative gift to Harold Pradal, President of Assurance Services and Executive Committee Member of BSI Group. Sherman Lin, Chairman & CEO of the TWSE, presents a commemorative gift to Harold Pradal, President of Assurance Services and Executive Committee Member of BSI Group.](https://mma.prnewswire.com/media/2467139/Sherman_Lin_Chairman___CEO_TWSE_presents_a_commemorative_gift.jpg)
About TWSE
The Taiwan Stock Exchange (the "TWSE") started operations on
February 9, 1962. The TWSE is
responsible for operating and advancing Taiwan securities market. The TWSE's primary
business operations include listing, trading, settlement and
surveillance. These comprise listing promotion and review,
post-listing supervision and corporate governance, maintaining
market trading and order, securities firms' services, investor
protection, clearing and settlement operations, safeguarding
against market defaults and the monitoring of illegal transactions.
The Exchange provides comprehensive services to the stock
market.
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SOURCE Taiwan Stock Exchange