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The Integration Project for Promoting Sustainable Development Goals and Corporate Sustainability

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The United Nations adopted the Sustainable Development Goals (SDGs) in 2015, setting a new direction for global sustainable development. Taiwan actively promotes sustainable development and geared to international initiatives. In 2018, the Executive Yuan approved the "Taiwan Sustainable Development Goals," with the target year set for 2030. Currently, there are eighteen goals, 143 targets, and 337 indicators. In April 2021, Taiwan declared its commitment to achieve net-zero emissions by 2050 and subsequently released the "Taiwan’s Pathway to Net-Zero Emissions in 2050" in March 2022, along with the “Phased Goals and Actions Toward Net-Zero Transition” and “12 key strategies of Taiwan’s 2050 Net-zero Transition.” As the competent authority for environmental issues in Taiwan, the Ministry of Environment (MOENV) plays a crucial role in promoting sustainable development and serves as the supervisory body for the Green Environment Working Circle of the National Council for Sustainable Development (NCSD). It advanced goals 6, 12, and 13 of Taiwan's Sustainable Development Goals. MOENV also serves as the secretariat for the Climate Change and Net Zero Transformation Task Force under the NCSD. This project aims to assist the MOENV in promoting Taiwan’s Sustainable Development Goals and corporate sustainability through four main works, with the following key outcomes: 1. Continuous Promotion of Environmental goals of Taiwan’s Sustainable Development Goals: Analyzing the sustainable development status of Germany, Japan, South Korea, and Taiwan's municipalities to provide insights for future trends. Proposing a medium to long-term (2024-2028) plan for environmentally sustainable development. Assisting in composing the Green Circle’s contents of Annual Report on National Sustainable Development and Annual Progress Report for the Taiwan Sustainable Development Goals. Gearing to international initiatives, comparing indicators with SDGs, Sustainable Development Solution Network (SDSN) indicators, and making recommendations. In response to the Sustainable Trade Index (STI) evaluation organized by the International Institute for Management Development (IMD) and the Hinrich Foundation. This included refining processes and establishing a dedicated web section for STI. 2. Promotion and Communication of Environmentally Sustainable Development Achievements: Assisting in the preparation of the MOENV’s "Voluntary Department Review" (VDR) on sustainable development goals. Organizing the "2023 Ministry of Environment (MOENV) Voluntary Development Review Report Presentation and Environmental Sustainable Forum." This forum extended invitations to local governments and businesses to share their achievements in sustainable development, attracting participation from over 400 individuals across government, industry, academia, and research sectors. Facilitating the creation of 10 picture material and producing one video to support and showcase the outcomes of sustainable development initiatives. Facilitating site visits. The Participation in events such as the "2023 SDG Asia," "2023 Global Youth Trends Forum," and the selection of the National Sustainable Development Awards. 3. Assistance in Local Government Environmental Performance Assessment: Consolidating the assessment scores for the local governments in 2022 assessment and awards of Sustainable Development pillar. Implementing the 2023 assessment and conducting on-site visits with experience exchange and guidance meetings with three local governments, namely Yunlin County, Yilan County, and Changhua County. The project also proposed recommendations for the evaluation criteria of the assessment next year. 4. Support for Corporate Sustainability Responsibility (ESG): Assisting in understanding international standards (GRI, SASB, TCFD) related to environmental indicators. Analyzing the sustainability reports of benchmark companies to exploring environmental, social, and governance (ESG) initiatives of business. Providing recommendations for ESG cooperation with Financial Supervisory Commission (FSC). In summary, the project proposes three recommendations based on the achievements and experiences of the current year: 1. Utilize the Advantages of the MOENV's Restructuring: Leverage the integrated capacity of environmental governance and five key environmental sustainable development issues for continuous promotion. 2. Continuing the Assessment: Strengthen local government engagement and enhance sustainable development initiatives and public awareness through Environmental Performance Assessment. 3. Analyze Corporate Environmental Sustainability Trends: In line with domestic and international trends, explore and implement measures to advance environmental sustainability within the framework of green finance and corporate governance overseen by the Financial Supervisory Commission.
Keyword
Sustainable Development Goals, Corporate Sustainability Reports, Voluntary Department Reviews
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