Strengthening Anti-Greenwashing: Ministry of Environment and FSC to Adjust Sustainable Finance Indicators
Taiwan's Ministry of Environment, in collaboration with the FSC, plans to adjust sustainable finance indicators to prevent greenwashing and simplify the carbon inventory process for supply chains to reduce corporate administrative burdens.
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- 📰 Published: April 16, 2026 at 20:18
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AI Net-Zero Special Report (Total 300 articles)
Central News Agency
Digital transformation is an ongoing process for industries, and artificial intelligence and net-zero carbon emissions are the two major challenges facing governments and enterprises, which are crucial to Taiwan's future competitiveness. CNA's frontline reporting team provides in-depth coverage on how the government and various industries utilize AI to optimize production processes and drive green innovation, witnessing another leap forward for Taiwan's industries.
(CNA Reporter Chang Hsiung-feng, Taipei, 16th) The Ministry of Environment stated today that it has discussed with the Financial Supervisory Commission (FSC) to adjust current sustainable finance indicators to strengthen anti-greenwashing. They also plan to simplify supply chain carbon inventories, which put the most pressure on businesses, by developing official data templates for power consumption data and general raw material coefficients. Details will be explained by the end of the year at the earliest.
During a media interview, Minister of Environment Peng Chi-ming stated that recently, under the dual considerations of geopolitical turbulence and maintaining economic competitiveness, the European Union proposed the latest "Omnibus Simplification Package" to simplify the requirements for writing sustainability reports.
Peng explained that the EU believes cumbersome regulations stifle corporate innovation and investment, thus shifting towards a "smarter, less administrative burden" approach to achieve goals.
Peng pointed out that in response to international trends, inter-ministerial consultations with the FSC have recently begun to adjust current sustainable finance indicators. This ensures funds can truly guide enterprises to undertake substantial carbon reduction and sustainable transformation, making the methods more "practical and implemented." They are also studying the feasibility of a "consolidated sustainability report for financial holding companies."
Peng explained that they are currently assisting enterprises in two main directions. First, they plan to abolish the current confusing classification framework, eliminate misleading green labels to reduce the possibility of greenwashing, and at the same time reduce the administrative work of duplicate reporting for enterprises.
In addition, Peng said that through inter-ministerial cooperation to harmonize regulations, they will reduce the cost for enterprises to comply repeatedly, and study the feasibility of "consolidated sustainability reports for financial holding companies." For example, he hopes to design "harmonized corporate carbon emission reporting regulations." For supply chain inventories that put the most pressure on businesses, such as power consumption data and general raw material coefficients, they will draw up official data templates to solve the practical dilemma of "hard-to-find data" and assist in completing basic inventories.
Peng reiterated that "Taiwan's goal of moving towards net-zero emissions by 2050 remains unchanged." However, in order to give small and medium-sized enterprises more warmth and space, he hopes to adopt a more pragmatic and simplified inventory mechanism to prevent excessive administrative costs from causing business difficulties. The relevant plans are expected to be explained to the public before the end of this year. (Editor: Kuan Chung-wei) 1150416
Central News Agency
Digital transformation is an ongoing process for industries, and artificial intelligence and net-zero carbon emissions are the two major challenges facing governments and enterprises, which are crucial to Taiwan's future competitiveness. CNA's frontline reporting team provides in-depth coverage on how the government and various industries utilize AI to optimize production processes and drive green innovation, witnessing another leap forward for Taiwan's industries.
(CNA Reporter Chang Hsiung-feng, Taipei, 16th) The Ministry of Environment stated today that it has discussed with the Financial Supervisory Commission (FSC) to adjust current sustainable finance indicators to strengthen anti-greenwashing. They also plan to simplify supply chain carbon inventories, which put the most pressure on businesses, by developing official data templates for power consumption data and general raw material coefficients. Details will be explained by the end of the year at the earliest.
During a media interview, Minister of Environment Peng Chi-ming stated that recently, under the dual considerations of geopolitical turbulence and maintaining economic competitiveness, the European Union proposed the latest "Omnibus Simplification Package" to simplify the requirements for writing sustainability reports.
Peng explained that the EU believes cumbersome regulations stifle corporate innovation and investment, thus shifting towards a "smarter, less administrative burden" approach to achieve goals.
Peng pointed out that in response to international trends, inter-ministerial consultations with the FSC have recently begun to adjust current sustainable finance indicators. This ensures funds can truly guide enterprises to undertake substantial carbon reduction and sustainable transformation, making the methods more "practical and implemented." They are also studying the feasibility of a "consolidated sustainability report for financial holding companies."
Peng explained that they are currently assisting enterprises in two main directions. First, they plan to abolish the current confusing classification framework, eliminate misleading green labels to reduce the possibility of greenwashing, and at the same time reduce the administrative work of duplicate reporting for enterprises.
In addition, Peng said that through inter-ministerial cooperation to harmonize regulations, they will reduce the cost for enterprises to comply repeatedly, and study the feasibility of "consolidated sustainability reports for financial holding companies." For example, he hopes to design "harmonized corporate carbon emission reporting regulations." For supply chain inventories that put the most pressure on businesses, such as power consumption data and general raw material coefficients, they will draw up official data templates to solve the practical dilemma of "hard-to-find data" and assist in completing basic inventories.
Peng reiterated that "Taiwan's goal of moving towards net-zero emissions by 2050 remains unchanged." However, in order to give small and medium-sized enterprises more warmth and space, he hopes to adopt a more pragmatic and simplified inventory mechanism to prevent excessive administrative costs from causing business difficulties. The relevant plans are expected to be explained to the public before the end of this year. (Editor: Kuan Chung-wei) 1150416