KPMG Joint Accounting Firm and TIRI Taiwan Investor Relations Association held the [2024 KPMG Leadership Academy Forum: Steering the Navigation of Enterprise Intelligence and Corporate Governance Leading the Way] in Kaohsiung today (12th) to analyze international governance trends and response strategies.

Chen Junguang, chairman of KPMG, said that in the past year, companies have faced many factors affecting economic changes such as high interest rates and inflation, international wars, ESG and AI regulations and supervision, especially global net-zero carbon emissions requirements that increase carbon fees, tariffs or operating costs. , companies must plan operating strategies under multiple crises and improve corporate governance to create value. With the launch of the global net-zero schedule, the EU has taken the lead in trialling carbon tariffs. Starting from 2024, manufacturers exporting to the EU will need to declare carbon content. The Taiwan Carbon Rights Exchange has also followed up and announced that it will levy a carbon fee at the end of 2024. In addition, with the formal establishment of the International Sustainability Standards Board (ISSB), Taiwan's listed companies should also cooperate with the competent authorities and be prepared to disclose ESG information.

Chen Xiangyin, the temporary secretary of the Issuance Group of the Securities and Futures Bureau of the Financial Supervisory Commission, mentioned that corporate governance is an important foundation for improving the capital market. Since 2003, the Executive Yuan has established a task force to reform corporate governance to legalize corporate governance and open up the corporate governance in our country. Gate, the Financial Supervisory Commission has followed the OECD's six principles of corporate governance. Since 2013, it has launched plans related to the corporate governance blueprint to systematically and integratedly map out the development path of China's corporate governance. As stakeholders' expectations for enterprises have changed, many changes and developments have taken place in the field of corporate governance. The OECD has launched a review and revision of corporate governance principles and released them in September 2023, adding "sustainability and resilience". )" chapter, reflecting the challenges companies face in managing climate or other sustainability risks and opportunities. As the world begins to incorporate environmental and social impacts into operational considerations, future policy formulation will move toward integrating sustainability with corporate development strategies, internalizing them into corporate culture, and guiding domestic listed companies to face the sustainable transformation with a positive attitude. road.

Tian Jianzhong, general manager of the Taiwan Carbon Exchange, said that companies should regard carbon as business opportunities and actively develop carbon-neutral products and services; in addition, given that there are many international standards and initiatives on carbon emissions, companies should evaluate their own needs and plan plans that are suitable for the company. carbon reduction path. Tian Jianzhong further explained that carbon rights are general commodities and are different from securities such as stocks. Companies usually purchase them when they have actual needs. Therefore, in terms of information disclosure, we also refer to international practices and do not disclose transaction data. Regarding the issue of whether purchasing carbon rights involves concerns about greenwashing, research shows that companies that purchase voluntary carbon rights not only perform outstandingly in investing in carbon reduction actions, but also pay more attention to the quality of carbon rights. The Carbon Exchange is currently actively promoting the listing of natural carbon sinks, providing more diverse projects to meet the different needs of domestic enterprises, and doing its part to promote global carbon reduction.

Liu Yanbo, host of KPMG Industrial Industry Service Team and Management Consulting Department, pointed out: According to the analysis of the sustainability risk overview questionnaire designed and researched by KPMG, more than 1/3 of Taiwanese companies have not yet begun to deal with sustainability risks, and only 14.5% Enterprises are willing to invest more than 10 million yuan to deal with sustainable risks! However, according to KPMG's 2024 Global Manufacturing CEO Outlook Survey Report, the post-epidemic manufacturing industry faces severe economic growth challenges, but valuations remain high. To continue to maintain and create higher shareholder value, fundamental changes must be made. Change starts with adopting a transformation strategy. Investment and implementation in digitalization, intelligence, and ESG will make carbon reduction more than just an investment. Innovation in business models, optimization of low-carbon processes and equipment, and the application of alternative materials will be the key to successful corporate transformation. !

Chen Yanhui, a practicing accountant at KPMG Anhou Jianye , said that under the call of the global capital market, the "International Financial Reporting Standards Foundation" (IFRS Foundation) officially announced the establishment of the "International Sustainability Standards Board" (International Sustainability Standards Board) at the COP26 meeting. , ISSB), it is expected to provide a consistent, comparable and high-quality sustainable information reporting framework through ISSB to meet the needs of institutional investors for sustainable information.

IFRS Sustainable Disclosure Standards - No. S1 "General Requirements for Disclosure of Sustainability-Related Financial Information" and No. S2 "Climate-related Disclosures" (IFRS S2) were born in response to the current international sustainability standards. How to smoothly integrate with the current international sustainability standards, what is the impact on enterprises? It's nothing short of a challenge. Chen Yanhui suggested that companies should understand the content and spirit of IFRS sustainable disclosure standards, evaluate the impact of climate change on financial statements based on the trend of international financial reporting standards, conduct inventory and analysis as soon as possible, and sort out the sustainable reporting information and information disclosed by companies. The gap between IFRS sustainable disclosure standards is to respond in advance to the impact of IFRS sustainable disclosure standards on the company.

Zhang Wenxiang, senior vice president of Radiant Opto-Electronics Corporation, said that in the face of the global trend of ESG, major companies are facing their own corresponding challenges. Radiant Opto-Electronics Corporation took stock of its own operations and ESG trends, and set up a sustainable development committee under the board of directors in response to ESG The steering unit of the trend, the committee members include the general manager, senior deputy general manager, and 4 independent directors serve as steering committee members. There are 7 groups under it to perform functional tasks on risk management, environmental sustainability, and social participation in the group's carbon management. , the members include two female senior executives, accounting for 14.28% of the total (7 committee members plus 7 team leaders). Through a diverse composition structure, the belief of "formulation from the top down and execution from the bottom up" is implemented.

On the environmental side, climate change issues have made carbon management an urgent issue for enterprises. Radiant Opto-Electronics Corporation has established a carbon management team and compiled a TCFD report in response; on the social side, facing human rights governance issues, Radiant Opto-Electronics Corporation is conducting human resources management Restructure the resource system; in terms of corporate governance, actively introduce the enterprise risk management system (ERM) and gradually strengthen the diversity of board members. Ruiyi Optoelectronics actively responds to various ESG challenges. Through the strategic promotion of the board of directors and the sustainable development committee, it hopes to expand the company's sustainable influence, fully exert the management value of ESG within the company, and work together to weave the common prosperity of sustainable development. 

Zhang Wenxiang further explained that in addition to existing ESG challenges, recent geopolitical issues have also cast a layer of lingering challenges on ESG that must be faced, which have increasingly obvious implications for corporate operations and sustainable development. Influence. Faced with these challenges, Radiant Opto-Electronics Corporation needs to launch a new global layout from the perspective of sustainable corporate governance to ensure the company's sustainable operations.

TSRC CEO Cai Weiqiang said that TSRC is entering its 51st year since its establishment. As a leader in the global synthetic rubber industry, in response to external environment and economic uncertainty, as well as global carbon reduction actions, we are committed to implementing "organic growth, strengthening "Business portfolio, profit expansion" is the key strategy, and we hope to continue to grow and transform into a leader in green and specialty materials. In the process of transformation, CEO Cai Weiqiang said that his clear positioning of sustainability is a key step in TSRC's transformation. In the face of internal and external risks and challenges, TSRC uses dynamic adjustment strategies to respond to environmental changes. However, how to balance operational performance and continuous reduction of carbon emissions tests the decision-making direction of leaders. Regarding sustainability aspects such as manpower stability, product value, risk management, environmental protection, etc., TSRC examines it from multiple perspectives and attaches great importance to talent cultivation and team strength. In terms of management, by mitigating the impact and impact of important risks, we maintain operational resilience and integrate sustainable development goals into our operating strategies, focusing on increasing product competitiveness and creating sustainable value and income for TSRC.

Peng Junhao, CEO of Innolux Optoelectronics, shared that Innolux Optoelectronics is in line with the sustainable disclosure requirements of the International Financial Reporting Standards (IFRS), based on various digital transformation measures promoted in the past, defining digital transformation from points, lines, and planes, and moving towards automation. , digitization and intelligence, and gradually become a beneficial tool to support sustainable development.

Faced with the disclosure of non-financial information required by IFRS, Peng Junhao admitted that sustainable information disclosure that takes into account both timeliness and quality will be a challenge for companies. Therefore, in recent years, we have continuously adjusted internal operating procedures and established relevant information systems to accelerate the efficiency of overall operational risk assessment and analysis and subsequent strategy formulation, making sustainable development the core driving force of corporate governance and being more resilient to changes. market environment.  





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NEWS source：https://kpmg.com/tw/zh/home/media/press-releases/2024/04/2024-kpmg-leadership-forum-in-kaohsiung.html