British Standards Institution (BSI) Awards WFE the First ISO 14068-1 Carbon Neutrality Verification Certificate

The British Standards Institution (BSI) has announced that the Taiwan Stock Exchange (TWSE) has been awarded the first ISO 14068-1:2023 carbon neutrality verification certificate (Climate Change Management - Transition to Net Zero Part 1: Carbon Neutrality) by the World Federation of Exchanges (WFE). Harold Pradal, President of Assurance Services and Executive Committee Member of BSI Group, personally visited Taiwan to present the certificate.

As the initiator of the "Declaration of London," BSI facilitated the publication of the IWA 42:2022 Net Zero Guidelines by ISO, and continues to promote the development of ISO Net Zero standards. The successful verification of TWSE showcases the standard's role in aiding global carbon reduction and sustainable development.

Since establishing the world's first environmental management standard, BS 7750 (the predecessor of ISO 14001) in 1992, BSI has consistently supported climate action through "Standards." The ISO 14068-1 international carbon neutrality standard was developed based on BSI's Specification for the Demonstration of Carbon Neutrality (PAS 2060), enhancing the requirements for actual reductions.

The standard assists enterprises, organizations, services, and products of all sizes in setting clear carbon reduction targets, demonstrating their commitment to greenhouse gas emission reductions, and alleviating concerns about greenwashing.

Peter Pu, Managing Director of BSI, stated, "At this critical moment of global climate challenges, we are pleased to see TWSE's efforts in advancing sustainable development and adhering to the highest international standards, resulting in the world's first ISO 14068-1 carbon neutrality verification certificate for a stock exchange. We hope this achievement will inspire more enterprises to accelerate their transition to net zero through ISO standards."

Sherman Lin (林修銘), Chairman of TCX & TWSE, commented, "TWSE aims to be a benchmark for Taiwanese enterprises, bearing the significant mission of responding to government policies and international standards. In early 2023, in response to Taiwan's 2050 net zero transition goal, TWSE set a near-term target to reduce greenhouse gas emissions by 37.8% from 2022 levels by 2030, and a long-term goal to achieve net zero emissions by 2050. TWSE will implement energy-saving and carbon-reduction measures such as equipment upgrades and renewable energy usage, and utilize high-quality carbon credits provided by Taiwan Carbon Solution Exchange (TCX) to offset remaining emissions, maintaining its commitment to carbon neutrality. By passing BSI's rigorous carbon neutrality verification, TWSE aims to lead by example and inspire Taiwanese listed companies to pursue sustainable development collectively, contributing to the global net zero target."

TCX supported TWSE in achieving carbon neutrality by providing high-quality international carbon credits through the global carbon trading platform. Additionally, TCX aids the government in training carbon management professionals. As a strategic partner, BSI collaborates with TCX to offer a series of international standard certification courses, strengthening sustainable talent and aligning with global standards.

These courses include ISO 14064-1 greenhouse gas inventory, ISO 14067 carbon footprint, and ISO 14068-1 carbon neutrality certification. To date, over 20 sessions have been conducted, with more than 600 participants, and the number is expected to exceed 1,000 by the end of this year.

About British Standards Institution (BSI)
The British Standards Institution (BSI) has been established for over a century, focusing on improving organizations and developing standards. It is committed to making a positive impact on society and organizations, building trust, and enhancing lives. BSI is dedicated to the formulation and development of standards, offering professional audit and verification services, as well as educational training programs.

BSI collaborates with over 77,500 clients in 195 countries and engages with 15,000 global experts, consumer groups, organizations, and governments. It possesses extensive expertise in areas such as transportation, built environment, food retail, and healthcare. We assist organizations in addressing climate change and digital transformation, promoting a fairer and more sustainable society. BSI will continue to pursue the United Nations' Sustainable Development Goals (SDGs) through its commitments and actions.

For more information on BSI's carbon management training programs, please refer to:
https://www.bsigroup.com/zh-TW/Our-services/training-courses/carbon-qualification/