In recent years, the accident of food safety became an important issues in Taiwan. These social impact leads to people doubts about whether enterprises have ability to implement the corporate social responsibility. Some famous enterprises even perform well in probability while caused the negative events to damage the international impression in Taiwan. In order to improve the corporate governance through the reputation of corporate social responsibility, Taiwan Stock Exchange Corporation (TSE), require the listed company to publish the compilation and reporting corporate social responsibility (CSR) in 2014 and 2015. In particular, for these companies listed in the food industry, chemical industry, financial and insurance industry or other company with the total revenue ratio are more than of 50% or its equity is more than NT$5 billion have to prepare the CSR reports.
To promote the corporate social responsibility regarding economic and environmental issues to people and companies trust and revive the confidence of consumers and manufacturers of listed companies. And in the publication of the report, which clearly stipulates that, complied with the requirements of listed companies, article 2 of the Rules shall disclose the corporate social responsibility report and the link to the file of that report posted on the company’s website on the internet information reporting system designated by TWSE by June 30.If the listed company does not prepare a corporate social responsibility report in the most recent year or does not prepare the report by referring to the GRI Guidelines, or the corporate social responsibility report has obtained a CPA’s letter of opinion according to the rules mentioned in the preceding paragraph, the filing may be completed by December 31.
