OMNI Features｜Canada is Expected to Meet its 2030 Carbon Reduction Target Despite a Rise in Carbon Emissions in 2022．90% of Singaporeans Value Integrated Financial and Sustainability Reporting．TWSE Launches New Version of ESG Digital Platform

｜Canada is Expected to Meet its 2030 Carbon Reduction Target Despite a Rise in Carbon Emissions in 2022
The Canadian government's 2021 greenhouse gas emissions report indicates a decline due to COVID-19 but a slight increase in 2022, still 7.1% below 2005 levels. Steven Guilbeault, the Minister of Environment & Climate Change, stated this demonstrates Canada's progress towards its 2030 emissions reduction goals. The report cites transportation, construction, and some energy sectors as the main contributors to the 2021 carbon increase. However, carbon intensity per unit of GDP continues to decrease. While the oil and gas industry remains the largest emitter, the transportation sector is transitioning with the development of electric vehicles. The government plans to sustain emission reductions through oil and gas emissions limits and investment in the electric vehicle supply chain, with draft regulations expected before fall.

｜90% of Singaporeans Value Integrated Financial and Sustainability Reporting
According to Workiva's 2024 ESG Practitioner Survey, most (97%) Singaporeans believe that integrated financial and sustainability reporting can improve decision-making and enhance financial performance. Compared to previous years, 96% of respondents now emphasize ESG reporting more. 73% of Singaporean companies expect to comply with the Corporate Sustainability Reporting Directive (CSRD), but approximately 79% anticipate difficulty collecting accurate data. 92% of respondents express concerns about their organization's ability to collect and disseminate information throughout the value/supply chain. In the future, Singaporean companies plan to make significant investments in ESG technologies and increase budgets for digital transformation projects.

｜TWSE Launches New Version of ESG Digital Platform
Taiwan Stock Exchange (TWSE) launched a new ESG digital platform on May 6, enhancing the ESG database of listed companies to improve the transparency of sustainability information disclosure. The new platform provides a user-friendly reporting interface to assist listed companies in effectively disclosing ESG-related information in a standardized format. The number of ESG indicators has increased from 29 to 97, and the important themes have expanded from 7 to 20. All listed companies are required to report ESG information starting from 2024, with content referencing annual reports and Sustainability Reports, encouraging the disclosure of important industry-specific sustainability indicators. Sustainability Reports will be fully implemented starting in 2025, with the introduction of production functions to enhance market services. The exchange encourages the financial industry to channel funds into sustainable economic activities, in line with the country's 2050 net-zero transformation goal.

Source: CNA｜Singapore Business Review｜yahoo!