4 Taiwan companies among leading global firms taking climate action

01/21/2020 06:58 PM
Pixabay image for illustrative purposes only
Pixabay image for illustrative purposes only

Taipei, Jan. 21 (CNA) Four Taiwanese enterprises have been listed among the top companies in the world leading the way in terms of corporate transparency and action on climate change, according to the non-profit Carbon Disclosure Project (CDP).

On the CDP's 2019 A List, the four Taiwanese companies named were integrated circuit packaging and testing service provider ASE Technology Holding Co., its subsidiary Siliconware Precision Industries Co., telecom operator Taiwan Mobile Co., and electronics component supplier Lite-On Technology Corp.

The CDP comes up with the annual A List based on climate data disclosed by companies, their awareness of the risks of climate change, and their efforts to manage those risks and address climate issues.

On the 2019 A List, a total of 179 companies were highlighted by the CDP as "the leaders acting to address climate risks and build our future zero-carbon economy -- one that works for both people and planet."

The CDP said it evaluated about 8,400 enterprises worldwide, which accounted for more than 50 percent of the market capitalization in the global equity markets, and only about 2 percent made the A List.

In Taiwan, the CDP evaluated 129 companies, four of which were selected for the A List, with ASE making it for the third time.

ASE, the world's largest IC packaging and testing company, said that in 2014 it became the first company in Asia to sell green bonds, and it used the proceeds to build green architecture and develop green technology.

The proceeds from another batch of green bonds issued in 2019 were used to develop renewable energy and energy efficient technology, ASE said, adding that it has also been committed to energy conservation, greenhouse gas reduction and waste recycling.

The 2019 global A List included Alphabet Inc., which is the parent company of Google Inc., Apple Inc., Microsoft Corp., Ford Motor Co., Toyota Motor Corp., Sony Corp., LG Corp., Walmart and Carrefour.

In terms of countries, Japan led the count with 36 companies on the A List, followed by the United States with 35, and France 22.

The CDP also complies an A-minus List, which in 2019 included Taiwanese contract chipmakers United Microelectronics Corp., Vanguard International Semiconductor Corp., Yuanta Financial Holding Co., and Nan Ya Plastics Corp.

Below that, on the CDP's B List, were Taiwanese companies Semiconductor Manufacturing Co., the world's largest contract chipmaker; smartphone brand HTC Corp.; and Fubon Financial Holding Co.

The A and A-minus lists are the "Leadership" level defined by the CDP, while the B list is the "Management" level. ( By Chang Cheng-chien, Chung Jung-feng and Frances Huang)

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