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Yahoo
09-07-2025
- Business
- Yahoo
European Commission proposes simplifying sustainability taxonomy
This story was originally published on ESG Dive. To receive daily news and insights, subscribe to our free daily ESG Dive newsletter. The European Commission adopted a proposal last week to simplify the European Union's taxonomy regulation that defines 'sustainable economic activities and investments' by exempting companies from assessing the taxonomy's eligibility and alignment for activities that are 'not financially material to their business.' The proposed simplification would apply to both financial and non-financial institutions, with different definitions of 'non-material' factors proposed for each, according to a July 3 press release. The changes would reduce the number of reported data points by 89% for financial institutions and 64% for non-financial companies. The simplification is designed to relieve some of the administrative burdens that accompany assessing and reporting alignment with the taxonomy 'in line with the principle of proportionality,' according to the July 4 proposal. The European Commission first announced its intention to simplify the bloc's sustainability taxonomy as part of an omnibus package the body adopted in February. That package also included proposals to delay reporting timelines for the EU's Corporate Sustainability Reporting Directive and Corporate Sustainability Due Diligence Directive while legislators work on simplifying the reporting requirements for those regulations. Under the Commission's proposal to simplify the taxonomy, activities for non-financial companies would be considered 'non-material' if they account for less than 10% of a company's total revenue, capital expenditure or operational expenditure, the release said. Non-financial corporations would also be exempt from having to assess their alignment with the taxonomy across their operational expenditures when alignment 'is considered non-material to their business model.' Financial institutions covered by the taxonomy would be exempt from assessing financial asset alignment or eligibility with the law, if the assets 'account for less than 10% of loans and investments financing specific economic activities whose use of proceeds is known,' the Commission said in an FAQ document. Financial institutions would still have to report on those assets separately, but the move is designed to create flexibility and reduce reporting costs, the document said. The revised standards would also give credit institutions the option to not report key performance indicators — including their green asset ratio on stock and flow, financial guarantees, assets under management and fees and commission — 'that capture financial activities and assets that are not material for their business,' the FAQ said. Such KPIs would be considered 'non-material' if the financial activities and assets they capture 'generate less than 10%' of the institution's net turnover. Financial institutions can also opt out of reporting detailed taxonomy information altogether, if they forgo claiming their activities are 'associated with environmentally sustainable activities under the Taxonomy Regulation,' the FAQ said. Financial institutions would be required to issue a statement in their management report to that effect and have until the end of 2027 to make that claim. 'Our measures simplify the application of the EU Taxonomy and strike the right balance between reducing excessive administrative burden for our companies, while keeping our longer-term goals in focus, including the transition to a sustainable economy,' European Commissioner for Financial Services and the Savings and Investments Union Maria Luís Albuquerque said in the release. The European Union has already adopted the Commission's 'stop the clock' proposal to delay CSRD and CSDDD reporting timelines, following approval from the European Council and European Parliament. The next wave of CSRD reporting companies and the first set of CSDDD reporting companies will now have until 2028 to comply with the laws. The European Commission said the simplification proposal will next be considered by the Council and Parliament for four months, with the option to extend consideration another two months, according to the press release. The simplification measures are expected to go into effect Jan. 1, 2026, and cover the 2025 financial year, but there will also be an option to apply the measures starting with the 2026 financial year 'if [the Council and Parliament] find this more convenient.' Recommended Reading EU legislators work to simplify sustainability reporting requirements Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
30-06-2025
- Business
- Korea Herald
Asia Responsible Enterprise Awards 2025 Honors 81 ESG Champions of Asia
BANGKOK, June 30, 2025 /PRNewswire/ -- The Asia Responsible Enterprise Awards (AREA) 2025 honored 81 outstanding ESG champions driving Asia's shift toward a regenerative economy. Presented by regional NGO Enterprise Asia, the AREA is recognized as the gold standard for ESG and sustainability excellence in the region. The awards ceremony was graced by H.E. Mr. Pichai Naripthaphan, Thailand's Minister of Commerce, and H.E. Mr. Varavongsa Ramangkura, Thailand's Vice Minister for Commerce, highlighting the vital role of cross-sector collaboration and government support in advancing sustainable, inclusive growth. Having assessed over 6,000 ESG programs since its inception, the AREA continues to serve as a vital platform to honor and showcase businesses and organizations that champion responsible and inclusive practices. The initiatives of this year's recipients have collectively impacted more than 3 million lives across Asia, reinforcing the power of responsible business in creating meaningful and lasting change. In his welcome address, Datuk William Ng, Vice Chairman of Enterprise Asia, highlighted the urgency of moving beyond sustainability toward a regenerative economy. He called on businesses to become active contributors to restoring ecosystems, uplifting communities, and creating inclusive, resilient economies. Since its establishment in 2011, the AREA has honored businesses across diverse industries through eight distinctive categories: Social Empowerment, Investment in People, Health Promotion, Green Leadership, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. This year, over 350 submissions across 19 countries and markets underwent a rigorous judging process based on relevance, effectiveness and reach, and sustainability. Among the recipients of the Responsible Business Leadership Category, which recognizes visionary leaders driving responsible entrepreneurship, are Joseph N.C. Huang, Chairman of Financial Holding Company; Shi-kuan, Chen, Chairman of SinoPac Financial Holdings Company Limited; SC Chien, President of United Microelectronics Corporation. Notable awardees in other categories include Thailand's Central Retail Corporation PCL, Greenfeed Viet Nam Corporation, Indonesia's PT Pertamina and PT Pupuk Kalimantan Timur, and the Philippines' San Miguel Global Power Holdings Corp. under the Social Empowerment Category; Taiwan Power Company, Standard Chartered Bank (Taiwan) Limited, and Cambodia's Union Commercial Bank PLC (UCB) under the Investment in People Category; AIA Thailand, Taiwan's Far Eastern Department Stores Ltd., and Indonesia's PT Kalimantan Prima Persada under the Health Promotion Category; the Philippines' Energy Development Corporation, Vietnam's LPBank, Nestlé Taiwan, and Indonesia's PT Daya Intiguna Yasa Tbk (Mr.D.I.Y. Indonesia) under the Green Leadership Category; Taiwan's Asia Cement Corporation, Thailand's Bank For Agriculture And Agricultural Cooperatives (BAAC), and Vietnam's ROX Group under the Corporate Governance Category; Taiwan's Hiwin Technologies Corp. and Vietnam's TH Group Joint Stock Company under the Circular Economy Leadership Category; Thailand's BJC Big C and Electricity Generating Authority Of Thailand, and CPC Corporation Taiwan under the Corporate Sustainability Reporting Category. In addition to the competitive categories, the AREA bestowed the Emblem of Sustainability to businesses with a long-standing and consistent commitment to sustainability. The Silver Emblem of Sustainability, awarded to organizations honored by the AREA for four years or more, was presented to Taiwan's Adata Technology Co., Ltd., Chugai Pharma Taiwan, Far Eastern Department Stores Ltd. and Taiwan Power Company; the Philippines' Energy Development Corporation; AIA Thailand, Krungthai Bank PCL, CKPower Public Company Limited and Government Savings Bank of Thailand. The prestigious Gold Emblem of Sustainability, reserved for organizations awarded for eight years or more, was presented to Thailand's Bangchak Corporation Public Company Limited and Metropolitan Electricity Authority, and Financial Holding Company of Taiwan. Prior to the AREA 2025, the International CSR & Sustainability (ICS) Summit 2025 took place earlier in the day, convening over 300 C-suite executives, business leaders, and ESG practitioners from 19 countries. Under the theme "Bridging the Green Transition Through Regenerative Sustainability", the summit offered a global platform for thought leaders to explore pioneering strategies and actionable insights on integrating ESG values and circular economy principles into core business operations. The summit aimed to empower attendees with the necessary knowledge and tools to adapt to an increasingly ESG-focused economy while identifying new avenues for growth and resilience. At the summit's opening, Enterprise Asia's Chairman Tan Sri Dr. Fong Chan Onn, emphasized the need to move beyond conventional sustainability, calling for business models that regenerate natural systems, uplift communities, and foster inclusive prosperity. He highlighted growing inequalities in the green transition and urged leaders to use the summit as a platform to ignite transformative change and ensure a greener future for all. The summit featured distinguished speakers including Gloyta Nathalang, Senior Executive Vice President of Sustainability Management and Corporate Communications of Bangchak Corporation Public Company Limited; Dr. Niven Huang, Managing Director of KPMG Sustainability Consulting, Taiwan; Nattinee Netraumpai, Board of Director & Head of Communications, Corporate Affairs and Sustainability of Unilever Thailand, alongside many other esteemed experts and thought leaders from across the region. The AREA 2025 and ICS Summit 2025 were proudly supported by the Business Indonesia-Singapore Association (BISA), CCI France Malaysia, CSRone, Eurocham Malaysia, Green Transition, Kuala Lumpur Malay Chamber of Commerce (KLMCC), Malaysia Associated Indian Chambers of Commerce and Industry (MAICCI), Myanmar Business Executives Association (MBE), Singapore-Thai Chamber of Commerce (STCC), and Taiwan Institute for Sustainable Energy (TAISE). PR Newswire is the Official News Release Distribution Partner, while media partners include Commercial Times Taiwan, and SME Magazine. About Enterprise Asia Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generation. Please visit for more information. About Asia Responsible Enterprise Awards (AREA) The Asia Responsible Enterprise Awards program recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship in the categories of Green Leadership, Investment in People, Health Promotion, Social Empowerment, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. For more information, visit: About the International CSR & Sustainability (ICS) Summit The International CSR & Sustainability (ICS) Summit is a series of annual events in Asia where thought leaders and sustainability practitioners from diverse sectors converge to ignite powerful conversations about ESG and sustainability practices. The summits aim to be the gateway to the forefront of ESG and sustainability by presenting a global platform to create and strengthen ties, educate and inspire ESG integration in business practices, as well as brainstorm and explore solutions for key global sustainability challenges. Enterprise Asia is proud to be a part of the effort to strengthen and shape Asia to be a more inclusive, responsible and sustainable socio-economic market. Please visit for more information.
Malaysian Reserve
30-06-2025
- Business
- Malaysian Reserve
Asia Responsible Enterprise Awards 2025 Honors 81 ESG Champions of Asia
BANGKOK, June 30, 2025 /PRNewswire/ — The Asia Responsible Enterprise Awards (AREA) 2025 honored 81 outstanding ESG champions driving Asia's shift toward a regenerative economy. Presented by regional NGO Enterprise Asia, the AREA is recognized as the gold standard for ESG and sustainability excellence in the region. The awards ceremony was graced by H.E. Mr. Pichai Naripthaphan, Thailand's Minister of Commerce, and H.E. Mr. Varavongsa Ramangkura, Thailand's Vice Minister for Commerce, highlighting the vital role of cross-sector collaboration and government support in advancing sustainable, inclusive growth. Having assessed over 6,000 ESG programs since its inception, the AREA continues to serve as a vital platform to honor and showcase businesses and organizations that champion responsible and inclusive practices. The initiatives of this year's recipients have collectively impacted more than 3 million lives across Asia, reinforcing the power of responsible business in creating meaningful and lasting change. In his welcome address, Datuk William Ng, Vice Chairman of Enterprise Asia, highlighted the urgency of moving beyond sustainability toward a regenerative economy. He called on businesses to become active contributors to restoring ecosystems, uplifting communities, and creating inclusive, resilient economies. Since its establishment in 2011, the AREA has honored businesses across diverse industries through eight distinctive categories: Social Empowerment, Investment in People, Health Promotion, Green Leadership, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. This year, over 350 submissions across 19 countries and markets underwent a rigorous judging process based on relevance, effectiveness and reach, and sustainability. Among the recipients of the Responsible Business Leadership Category, which recognizes visionary leaders driving responsible entrepreneurship, are Joseph N.C. Huang, Chairman of Financial Holding Company; Shi-kuan, Chen, Chairman of SinoPac Financial Holdings Company Limited; SC Chien, President of United Microelectronics Corporation. Notable awardees in other categories include Thailand's Central Retail Corporation PCL, Greenfeed Viet Nam Corporation, Indonesia's PT Pertamina and PT Pupuk Kalimantan Timur, and the Philippines' San Miguel Global Power Holdings Corp. under the Social Empowerment Category; Taiwan Power Company, Standard Chartered Bank (Taiwan) Limited, and Cambodia's Union Commercial Bank PLC (UCB) under the Investment in People Category; AIA Thailand, Taiwan's Far Eastern Department Stores Ltd., and Indonesia's PT Kalimantan Prima Persada under the Health Promotion Category; the Philippines' Energy Development Corporation, Vietnam's LPBank, Nestlé Taiwan, and Indonesia's PT Daya Intiguna Yasa Tbk (Mr.D.I.Y. Indonesia) under the Green Leadership Category; Taiwan's Asia Cement Corporation, Thailand's Bank For Agriculture And Agricultural Cooperatives (BAAC), and Vietnam's ROX Group under the Corporate Governance Category; Taiwan's Hiwin Technologies Corp. and Vietnam's TH Group Joint Stock Company under the Circular Economy Leadership Category; Thailand's BJC Big C and Electricity Generating Authority Of Thailand, and CPC Corporation Taiwan under the Corporate Sustainability Reporting Category. In addition to the competitive categories, the AREA bestowed the Emblem of Sustainability to businesses with a long-standing and consistent commitment to sustainability. The Silver Emblem of Sustainability, awarded to organizations honored by the AREA for four years or more, was presented to Taiwan's Adata Technology Co., Ltd., Chugai Pharma Taiwan, Far Eastern Department Stores Ltd. and Taiwan Power Company; the Philippines' Energy Development Corporation; AIA Thailand, Krungthai Bank PCL, CKPower Public Company Limited and Government Savings Bank of Thailand. The prestigious Gold Emblem of Sustainability, reserved for organizations awarded for eight years or more, was presented to Thailand's Bangchak Corporation Public Company Limited and Metropolitan Electricity Authority, and Financial Holding Company of Taiwan. Prior to the AREA 2025, the International CSR & Sustainability (ICS) Summit 2025 took place earlier in the day, convening over 300 C-suite executives, business leaders, and ESG practitioners from 19 countries. Under the theme 'Bridging the Green Transition Through Regenerative Sustainability', the summit offered a global platform for thought leaders to explore pioneering strategies and actionable insights on integrating ESG values and circular economy principles into core business operations. The summit aimed to empower attendees with the necessary knowledge and tools to adapt to an increasingly ESG-focused economy while identifying new avenues for growth and resilience. At the summit's opening, Enterprise Asia's Chairman Tan Sri Dr. Fong Chan Onn, emphasized the need to move beyond conventional sustainability, calling for business models that regenerate natural systems, uplift communities, and foster inclusive prosperity. He highlighted growing inequalities in the green transition and urged leaders to use the summit as a platform to ignite transformative change and ensure a greener future for all. The summit featured distinguished speakers including Gloyta Nathalang, Senior Executive Vice President of Sustainability Management and Corporate Communications of Bangchak Corporation Public Company Limited; Dr. Niven Huang, Managing Director of KPMG Sustainability Consulting, Taiwan; Nattinee Netraumpai, Board of Director & Head of Communications, Corporate Affairs and Sustainability of Unilever Thailand, alongside many other esteemed experts and thought leaders from across the region. The AREA 2025 and ICS Summit 2025 were proudly supported by the Business Indonesia-Singapore Association (BISA), CCI France Malaysia, CSRone, Eurocham Malaysia, Green Transition, Kuala Lumpur Malay Chamber of Commerce (KLMCC), Malaysia Associated Indian Chambers of Commerce and Industry (MAICCI), Myanmar Business Executives Association (MBE), Singapore-Thai Chamber of Commerce (STCC), and Taiwan Institute for Sustainable Energy (TAISE). PR Newswire is the Official News Release Distribution Partner, while media partners include Commercial Times Taiwan, and SME Magazine. AWARD RECIPIENT LIST OF ASIA RESPONSIBLE ENTERPRISE AWARDS (AREA) 2025 RESPONSIBLE BUSINESS LEADERSHIP CATEGORY ORGANIZATION RECIPIENT NAME COUNTRY FINANCIAL HOLDING COMPANY JOSEPH N.C. HUANG CHAIRMAN TAIWAN SINOPAC FINANCIAL HOLDINGS COMPANY LIMITED SHI-KUAN, CHEN CHAIRMAN TAIWAN UNITED MICROELECTRONICS CORPORATION SC CHIEN PRESIDENT TAIWAN SOCIAL EMPOWERMENT CATEGORY ORGANIZATION WINNING ESG PROGRAM COUNTRY ACECOOK VIETNAM JOINT STOCK COMPANY BRING HAPPINESS TO CHILDREN VIETNAM ADATA TECHNOLOGY CO., LTD. INNOVATE TODAY, EMBRACE TOMORROW TAIWAN BANGCHAK CORPORATION PUBLIC COMPANY LIMITED BANGCHAK PHRA KHANONG REFINERY COMMUNITY RELATIONS THAILAND BANK FOR AGRICULTURE AND AGRICULTURAL COOPERATIVES (BAAC) BAAC CARBON CREDIT: WHERE AIR BECOMES WEALTH THAILAND CAPITAL SECURITIES CORPORATION CAPITAL LOVES READING TAIWAN CENTRAL RETAIL CORPORATION PCL SMILE MELON LEARNING CENTER THAILAND CHUGAI PHARMA TAIWAN BEYOND BUSINESS: CREATING SOCIAL VALUE THROUGH HEALTH AND INCLUSION PROGRAMS TAIWAN CHUNG HWA PULP CORPORATION CARRYING KNOWLEDGE WITH PAPER TAIWAN CKPOWER PUBLIC COMPANY LIMITED HINGHOI PROJECT THAILAND ENERGY DEVELOPMENT CORPORATION KEITECH'S VALUES-BASED TECH-VOC EDUCATION PHILIPPINES FAR EASTERN BIG CITY SHOPPING MALLS CO., LTD. BIG CITY: KIDS' ENRICHMENT PLAYLAND FOR CHARACTER AND GROWTH TAIWAN FUBON LIFE INSURANCE FUBON LIFE'S SOCIAL IMPACT INITIATIVE BUILDING A DIVERSE AND INCLUSIVE FRIENDLY SOCIETY TAIWAN GOLDEN INSURANCE BROKERS CO., LTD. LOVE-PLUS CHARITY PIGGY BANK PROJECT TAIWAN GOVERNMENT SAVINGS BANK MYMO SECURE+ THAILAND GREENFEED VIET NAM CORPORATION EMPOWERING FARMERS VIETNAM IBF FINANCIAL HOLDINGS CO., LTD. EMPOWERING DREAMS, LIGHTENING THE WORLD TAIWAN J&V ENERGY TECHNOLOGY CO., LTD. GREEN MOVERS, GREEN LEADERS. TAIWAN JOY~NOSTALG GROUP (RAEMULAN LANDS, INC.) EMPOWERING THE FILIPINO: JOY~NOSTALG SOCIALIZED HOUSING PHILIPPINES KGI LIFE INSURANCE CO., LTD. FINANCIAL EMPOWERMENT FOR NEW IMMIGRANTS TAIWAN KRUNGTHAI BANK PCL KRUNGTHAI LOVES SMART UNIVERSITY THAILAND LUCIDITY ENTERPRISE CO., LTD. WOVEN LIGHT, SHARED HOPE TAIWAN METROPOLITAN ELECTRICITY AUTHORITY ENHANCING SAFETY AND SUPPORT FOR SUSTAINABLE COMMUNITY THAILAND NGERN TID LOR PUBLIC COMPANY LIMITED TIDLOR'S COMMITMENT TO FINANCIAL EMPOWERMENT THAILAND PANDUIT CORP PANDUIT SKILLS CHANGE LIVES CAMPAIGN SINGAPORE PRESIDENT CHAIN STORE CORPORATION 7-ELEVEN AS A GOOD NEIGHBOR ADVANCING SUSTAINABILITY LITERACY THROUGH READING TAIWAN PROVINCIAL ELECTRICITY AUTHORITY PEA EV BOAT FOR COMMUNITY THAILAND PT PERTAMINA EP DONGGI MATINDOK FIELD KOKOLOMBOI LESTARI INDONESIA PT PERTAMINA EP PAPUA FIELD INDIGENOUS COMMUNITY SUSTAINABLE FOREST MANAGEMENT IN MALASIGI TRADITIONAL VILLAGE (MATA HATI MALASIGI) INDONESIA PT PERTAMINA EP RANTAU FIELD SINAR PELITA INDONESIA PT PERTAMINA GEOTHERMAL ENERGY TBK AREA KAMOJANG GEMAH KARSA INDONESIA PT PERTAMINA HULU ENERGI WEST MADURA OFFSHORE REGENERATIVE AGRICULTURE IN ECO EDU FARMING PROGRAM INDONESIA PT PUPUK ISKANDAR MUDA PESONA PAYA NIE INDONESIA PT PUPUK KALIMANTAN TIMUR PKT BERSERI (SUSTAINABLE, PROSPEROUS, AND INDEPENDENT BULUTANA AGRICULTURE) INDONESIA PT TRAKINDO UTAMA TRAKINDO EDUCATIONAL EMPOWERMENT PROGRAM (CO-OP & GENERASI) INDONESIA PT VALE INDONESIA TBK PONDATA'S PINEAPPLE AGROTOURISM INDONESIA PT. PUPUK SRIWIDJAJA PALEMBANG SELF-RELIANT PESANTREN PROGRAM INDONESIA ROX GROUP ROX SHARE – ROX GROUP'S ANNUAL CSR PROGRAM VIETNAM SAN MIGUEL GLOBAL POWER HOLDINGS CORP. SMGP SCHOLARSHIP PROGRAMS PHILIPPINES SINOPAC FINANCIAL HOLDINGS COMPANY LIMITED HOME FROM ABOVE: RESPECTING RURAL CHILDREN'S PERSPECTIVES TAIWAN STANDARD CHARTERED BANK (TAIWAN) LIMITED FUTUREMAKERS: YOUTH EMPLOYMENT EMPOWERMENT TAIWAN TAIPEI 101 LANDLORD RECRUITS TENANTS FOR SUSTAINABILITY: CREATING AN ESG ECOSYSTEM TOGETHER WITH TAIPEI 101 THROUGH GLOBAL PARTNERSHIP TAIWAN TAIWAN BUSINESS BANK GROWING HOPE TOGETHER — TBB SUPPORTING SMES TOWARD SUSTAINABLE FUTURE. TAIWAN TAIWAN DEPOSITORY & CLEARING CORPORATION AGING WELL TOGETHER TAIWAN TSH BIOPHARM EMPOWERED JOURNEYS: RECLAIMING CHOICE AND DIGNITY TAIWAN INVESTMENT IN PEOPLE CATEGORY ORGANIZATION WINNING ESG PROGRAM COUNTRY BINH TIEN CONSUMER GOODS MANUFACTURING LTD. CO. HAPPY BITI'S – FOSTERING A CULTURE OF HAPPINESS VIETNAM CATHAY UNITED BANK CO., LTD. FORGING BANI GENERATION TALENT: CATHAY TALENT RESILIENCE PROGRAM TAIWAN ELECTRICITY GENERATING PUBLIC COMPANY LIMITED KHANOM LEARNING CENTER THAILAND KRUNGTHAI BANK PCL KRUNGTHAI BANK EMPLOYEE WELL-BEING INITIATIVES THAILAND NAN SHAN LIFE INSURANCE EMPOWERING EVERY TEAM WITH DIGITAL TOOLS TAIWAN PACIFIC SOGO DEPARTMENT STORES CO., LTD. EMPOWERING PEOPLE ENRICHING WORK TAIWAN PRESIDENT CHAIN STORE CORPORATION CREATING A NEW DEI-FRIENDLY WORKPLACE CULTURE TAIWAN PT KALIMANTAN PRIMA PERSADA KPP MINING TALENTVERSE INDONESIA SINOPAC FINANCIAL HOLDINGS COMPANY LIMITED TOMORROW, TRANSFORMATION, TOGETHER: SINOPAC'S PATH TO THE BEST WORKPLACE TAIWAN STANDARD CHARTERED BANK (TAIWAN) LIMITED BEST BANK FOR DIVERSITY, EQUITY & INCLUSION TAIWAN TAIWAN LIFE INSURANCE CO., LTD. INSURANCE PROFESSIONAL SUSTAINABLE CULTIVATION PROGRAM TAIWAN TAIWAN POWER COMPANY SHAPING AND PASSING ON: TAIPOWER'S BROAD VISION FOR TALENT TAIWAN THAI CITY ELECTRIC CO., LTD. THE SCHOLARSHIP PROJECT OF THAI CITY ELECTRIC CO., LTD. THAILAND THAI LIFE INSURANCE PUBLIC COMPANY LIMITED TLI: ENHANCING OPPORTUNITY CREATING CAREERS THAILAND UNION COMMERCIAL BANK PLC (UCB) TOWARDS SUSTAINABLE TALENT DEVELOPMENT CAMBODIA HEALTH PROMOTION CATEGORY ORGANIZATION WINNING ESG PROGRAM COUNTRY AIA THAILAND AIA SHARING A LIFE 12 THAILAND C&G ENVIRONMENTAL PROTECTION (THAILAND) CO., LTD. 'WITH LOVE, WE CAN' FOUNDATION DONATES 4 EMERGENCY AMBULANCES THAILAND CATHAY UNITED BANK CO., LTD. WITH CATHAY AS GUARDIAN, HEALTH IS SUSTAINED TAIWAN FAR EASTERN DEPARTMENT STORES LTD. EMPLOYEE WELLNESS UP, TOWARDS A HAPPY WORKPLACE TAIWAN PACIFIC SOGO DEPARTMENT STORES CO., LTD. HOME-COOKED PLANET-FRIENDLY TAIWAN PT KALIMANTAN PRIMA PERSADA HEALTH, SAFETY, AND WELL-BEING FOR ALL INDONESIA TAIWAN LIFE INSURANCE CO., LTD. TAIWAN LIFE WELLNESS CONCIERGE TAIWAN GREEN LEADERSHIP CATEGORY ORGANIZATION WINNING ESG PROGRAM COUNTRY C&G ENVIRONMENTAL PROTECTION (THAILAND) CO., LTD. SUAN LAPHAPHIROM LANDSCAPE ENHANCEMENT PROJECT THAILAND CHUGAI PHARMA TAIWAN FROM FIELD TO HEALING: A SUSTAINABLE HERB CULTIVATION INITIATIVE TAIWAN CKPOWER PUBLIC COMPANY LIMITED HINGHOI: PRESERVING AND RESTORING NATURAL RESOURCES THAILAND ELECTRICITY GENERATING PUBLIC COMPANY LIMITED EGCO GROUP PATHWAY TOWARDS NET ZERO THAILAND ENERGY DEVELOPMENT CORPORATION EDC'S BINHI COMMUNITREE PHILIPPINES EXTENDMAX VIETNAM COMPANY LIMITED DRIVING GREEN TRANSITION THROUGH ENERGY LABELS VIETNAM FARGLORY LIFE INSURANCE CO.,LTD. ZERO CARBON OPERATION PROGRAM TAIWAN GREENFEED VIET NAM CORPORATION GREEN TRANSFORMATION VIETNAM GSM GREEN AND SMART MOBILITY GO GREEN GLOBAL VIETNAM HOTAI FINANCE CORPORATION HFC ACT 4 GREEN: ACTION FOR CARBON REDUCTION TAIWAN J&V ENERGY TECHNOLOGY CO., LTD. REDEFINING SUSTAINABILITY: LEADING A NEW NET-ZERO FUTURE THROUGH DIVERSE GREEN ENERGY. TAIWAN JORAKAY CORPORATION CO.,LTD. JORAKAY GREEN EARTH THAILAND JOY~NOSTALG GROUP (RAEMULAN LANDS, INC.) PASINARAW: THE FIRST UTILITY-GRADE SOCIALIZED HOUSING SOLAR ROOFTOP PARK IN THE WORLD PHILIPPINES KGI LIFE INSURANCE CO., LTD. LOW-CARBON TRANSITION AND RESPONSIBLE FINANCE TAIWAN LPBANK SUSTAINABILITY IN ACTION: LPBANK'S GREEN BANKING INNOVATIONS VIETNAM NESTLÉ TAIWAN LEADING THE WAY TO A WASTE-FREE FUTURE TAIWAN PACIFIC SOGO DEPARTMENT STORES CO., LTD. DECARBONIZE TODAY SUSTAINABLE TOMORROW TAIWAN PRESIDENT CHAIN STORE CORPORATION SUSTAINABLE SUPPLY CHAIN PLASTIC REDUCTION ACTION TAIWAN PT DAYA INTIGUNA YASA TBK (MR.D.I.Y. INDONESIA) CLEAN ACTION MOVEMENT MR.D.I.Y. FOR INDONESIA INDONESIA PT VALE INDONESIA TBK ECO-MATERIAL TERAK SOROWAKO (ECO-TERAKO) INDONESIA SAN MIGUEL GLOBAL POWER HOLDINGS CORP. SMGP ESG ROADMAP PHILIPPINES TAIPEI 101 SUSTAINABILITY & WELLBEING IN SUPERTALL: PIONEERING GREEN LEADERSHIP AT TAIPEI 101 TAIWAN TAIWAN LIFE INSURANCE CO., LTD. HAI LONG WIND FARM PROJECT FINANCING TAIWAN TAIWAN POWER COMPANY POWERING OCEAN PROTECTION FOR ECOLOGICAL BALANCE TAIWAN THAI KOON STEEL CO., LTD. THAIKOON FOR THAI ELEPHANTS. THAILAND TSH BIOPHARM SOWING WITH HEART: A PROMISE FROM LAND TO HEALTH TAIWAN VINCOM RETAIL JOINT STOCK COMPANY VIETNAM'S LEADING GREEN SHOPPING MALL SYSTEM VIETNAM VNU EXHIBITIONS ASIA PACIFIC CO., LTD. SMALL STEPS, MEANINGFUL IMPACT BY VNU ASIA PACIFIC THAILAND WATSONS PERSONAL CARE STORES (TAIWAN) WATSONS TAIWAN GO GREEN: SUSTAINABLE LIVING PRACTICES TAIWAN CORPORATE GOVERNANCE CATEGORY ORGANIZATION WINNING ESG PROGRAM COUNTRY ASIA CEMENT CORPORATION ASIA CEMENT ENHANCING CORPORATE GOVERNANCE & UPHOLDING INTEGRITY TAIWAN BANK FOR AGRICULTURE AND AGRICULTURAL COOPERATIVES (BAAC) STRENGTHENING RESILIENCE FOR SUSTAINABLE RURAL DEVELOPMENT THAILAND FUBON LIFE INSURANCE FUBON LIFE EXCELLENCE IN SUSTAINABLE GOVERNANCE PROJECT TAIWAN KRUNGTHAI BANK PCL SUSTAINABLE KRUNGTHAI INITIATIVE (KRUNGTHAI KUNNATHAM) THAILAND OCEAN LIFE INSURANCE PUBLIC COMPANY LIMITED SUSTAINABLE WITH LOVE THAILAND PROVINCIAL ELECTRICITY AUTHORITY MOO BAN CHOR-SA-ARD THAILAND ROX GROUP COMPREHENSIVE CORPORATE GOVERNANCE AT ROX VIETNAM TELIN GOVERNANCE ENHANCEMENT ON DATA PROTECTION INDONESIA CIRCULAR ECONOMY LEADERSHIP CATEGORY ORGANIZATION WINNING ESG PROGRAM COUNTRY HIWIN TECHNOLOGIES CORP. ECO SOLUTIONS FOR GREEN TAIWAN TH GROUP JOINT STOCK COMPANY GREEN RENEWAL FROM FARM TO FACTORY: TH GROUP'S MODEL FOR INTEGRATED CIRCULAR AGRICULTURE VIETNAM CORPORATE SUSTAINABILITY REPORTING CATEGORY ORGANIZATION WINNING ESG PROGRAM COUNTRY BJC BIG C BRING UP BETTER LIFE FOR ALL THAILAND CPC CORPORATION, TAIWAN DRIVING GREEN ENERGY, CPC IS FORWARD SUSTAINABLY TAIWAN CTCI GROUP GUARDIAN OF SUSTAINABLE EARTH: EMBRACING A BOLD SHIFT TOWARD SUSTAINABILITY TAIWAN ELECTRICITY GENERATING AUTHORITY OF THAILAND EGAT SUSTAINABILITY REPORT 2023 THAILAND EUPE CORPORATION BERHAD FY2024 SUSTAINABILITY REPORT MALAYSIA FAR EASTERN DEPARTMENT STORES LTD. SUSTAIN FOR A GOOD LIFE TAIWAN FARGLORY LIFE INSURANCE CO.,LTD. 2023 FGLIFE SUSTAINABILITY REPORT TAIWAN FORMOSA SOLAR RENEWABLE POWER GROUP 2023 CORPORATE SUSTAINABILITY REPORT TAIWAN FUBON LIFE INSURANCE FUBON LIFE INSURANCE 2023 CORPORATE SUSTAINABILITY REPORT TAIWAN METROPOLITAN ELECTRICITY AUTHORITY CREATING A DECARBONIZING SOCIETY FOR ALL THAILAND NAN SHAN LIFE INSURANCE NAN SHAN LIFE 2024 SUSTAINABILITY REPORT TAIWAN PROVINCIAL ELECTRICITY AUTHORITY SUSTAINABILITY REPORT 2023 THAILAND SINOPAC FINANCIAL HOLDINGS COMPANY LIMITED TOGETHER, A BETTER LIFE. TAIWAN UNITED MICROELECTRONICS CORPORATION 2023 UMC SUSTAINABILITY REPORT TAIWAN About Enterprise Asia Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generation. Please visit for more information. About Asia Responsible Enterprise Awards (AREA) The Asia Responsible Enterprise Awards program recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship in the categories of Green Leadership, Investment in People, Health Promotion, Social Empowerment, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. For more information, visit: About the International CSR & Sustainability (ICS) Summit The International CSR & Sustainability (ICS) Summit is a series of annual events in Asia where thought leaders and sustainability practitioners from diverse sectors converge to ignite powerful conversations about ESG and sustainability practices. The summits aim to be the gateway to the forefront of ESG and sustainability by presenting a global platform to create and strengthen ties, educate and inspire ESG integration in business practices, as well as brainstorm and explore solutions for key global sustainability challenges. Enterprise Asia is proud to be a part of the effort to strengthen and shape Asia to be a more inclusive, responsible and sustainable socio-economic market. Please visit for more information.
Bangkok Post
30-06-2025
- Business
- Bangkok Post
81 ESG Champions Honoured at Asia Responsible Enterprise Awards 2025
The Asia Responsible Enterprise Awards (AREA) 2025 honoured 81 outstanding ESG champions driving Asia's shift toward a regenerative economy. Presented by regional NGO Enterprise Asia, the AREA is recognised as the gold standard for ESG and sustainability excellence in the region. The awards ceremony was graced by H.E. Mr. Pichai Naripthaphan, Thailand's Minister of Commerce, and H.E. Mr. Varavongsa Ramangkura, Thailand's Vice Minister for Commerce, highlighting the vital role of cross-sector collaboration and government support in advancing sustainable, inclusive growth. The AREA has assessed over 6,000 ESG programs to date and remains a key platform for recognising responsible and inclusive businesses. This year's awardees have positively impacted over 3 million lives in Asia, highlighting the significant role of responsible business in driving lasting change. In his welcome address, Datuk William Ng, Vice Chairman of Enterprise Asia, highlighted the urgency of moving beyond sustainability toward a regenerative economy. He called on businesses to become active contributors to restoring ecosystems, uplifting communities, and creating inclusive, resilient economies. Since its establishment in 2011, the AREA has honoured businesses across diverse industries through eight distinctive categories: Social Empowerment, Investment in People, Health Promotion, Green Leadership, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. This year, over 350 submissions across 19 countries and markets underwent a rigorous judging process based on relevance, effectiveness and reach, and sustainability. Among the recipients of the Responsible Business Leadership Category, which recognises visionary leaders driving responsible entrepreneurship, are Joseph N.C. Huang, Chairman of Financial Holding Company; Shi-kuan, Chen, Chairman of SinoPac Financial Holdings Company Limited; SC Chien, President of United Microelectronics Corporation. Notable awardees in other categories include Thailand's Central Retail Corporation PCL, Greenfeed Viet Nam Corporation, Indonesia's PT Pertamina, the Philippines' San Miguel Global Power Holdings Corp. under the Social Empowerment Category; Taiwan Power Company, and Cambodia's Union Commercial Bank PLC (UCB) under the Investment in People Category; AIA Thailand, Taiwan's Far Eastern Department Stores Ltd., and Indonesia's PT Kalimantan Prima Persada under the Health Promotion Category; the Philippines' Energy Development Corporation, Vietnam's LPBank, Nestlé Taiwan, and Indonesia's PT Daya Intiguna Yasa Tbk (Mr.D.I.Y. Indonesia) under the Green Leadership Category; Taiwan's Asia Cement Corporation, Thailand's Bank For Agriculture And Agricultural Cooperatives (BAAC), Vietnam's ROX Group under the Corporate Governance Category; Taiwan's Hiwin Technologies Corp. and Vietnam's TH Group Joint Stock Company under the Circular Economy Leadership Category; Thailand's BJC Big C and Electricity Generating Authority Of Thailand, and CPC Corporation Taiwan under the Corporate Sustainability Reporting Category. Please view the full list of winners here:
Forbes
29-03-2025
- Business
- Forbes
How To Lead In The New Era Of Moving Targets
FILE - MLB Commissioner Rob Manfred speaks during a news conference Tuesday, Feb. 18, 2025, in ... More Phoenix. (AP Photo/Ross D. Franklin, File) Corporate leadership and business success depend on having clear targets. Financial performance, shareholder returns, diversity, climate goals, and community impact have become performance indicators that CEOs were expected to meet—often exceeding prior benchmarks year after year. However, Under the Trump administration, leadership has shifted to aiming for lowered or disappearing targets. This shift is particularly visible in the areas of diversity and climate change. In the U.S., targets in both categories are being challenged, weakened, or altogether dismantled. For instance, Major League Baseball has removed mentions of diversity from its careers webpage. It joins many companies changing their DEI measures in response to President Trump making these issues a focus for his second term. The Trump administration also plans to repeal significant environmental regulations, including pollution limits and protections for wetlands, according to the New York Times. At the same time, regulators and corporations in global markets are raising the bar on social and environmental compliance. New climate reporting standards such as the International Financial Reporting Standards (IFRS) are forming the baseline for emerging mandatory sustainability reporting globally. Corporate leaders, especially in multinationals, must navigate two conflicting realities: one where they drive value globally through DEI and sustainability targets, and another where they are political risks at home. Leaders need to understand this complex territory and need new targets to ensure their companies thrive domestically and internationally, Diversity, equity, and inclusion (DEI) had been a fast-rising priority in boardrooms and C-suites. Companies publicly announced hiring goals, equity audits, and racial justice initiatives. Diverse companies earned 36% more in profits than less diverse ones in 2019. This supports the value of strong DEI programs, according to McKinsey. Currently, the unspoken new target for DEI is effectively zero. The threat of lawsuits, government investigations, and executive orders are pushing companies to either reduce or eliminate DEI initiatives. Corporations are already scaling back, rebranding or staying quiet on DEI programs in response to political pressure. Google, an early proponent of diversity, equity and inclusion, is a federal contractor that is evaluating changes to its programs to follow recent court decisions and U.S. Executive Orders on this topic. 'We'll continue to invest in states across the U.S. — and in many countries globally — but in the future we will no longer have aspirational goals, ' said Chief People Officer Fiona Cicconi. Despite domestic pressures, multinational companies still need to comply with international standards such as the European Union's Corporate Sustainability Reporting Directive that mandates transparent disclosures on workforce diversity. U.S.-based firms operating in Europe must maintain strong DEI initiatives to avoid reputational damage, regulatory penalties, and pushback from investors. The same reversal of targets is happening in the area of climate change. After decades of momentum around reducing carbon emissions, investing in renewables, and setting net-zero targets, the U.S. federal government has changed course under Trump. Officials have rolled back major climate policies, and they are now actively promoting fossil fuel production. The future of the Inflation Reduction Act (IRA), which once promised hundreds of billions in clean energy investment, is uncertain, according to Forbes. Corporate climate targets, once aligned with the Paris Agreement, are now being revisited. In many companies, the new climate target is less ambitious or paused altogether. In some sectors, the implicit target is simply not to mention climate at all. This has led to a new term: 'green hushing.' On the international stage the story is very different. The European Union's Emissions Trading System (ETS) is being expanded. Japan has strengthened its 2030 decarbonization targets. U.S. companies that export goods or manage global supply chains need to follow guidelines like the Task Force on Climate-Related Financial Disclosures (TCFD) and the EU's Carbon Border Adjustment Mechanism (CBAM). It's still possible to be a leader in this increasingly complex landscape but change is needed. CEOs need a new approach that reduces risk and creates opportunities in the US, complies with increasing expectations in global markets, and is rooted in the purpose and values of their organizations. Leaders should consider developing new targets based on the following areas of opportunity: CEOs can use these strategies to balance changes in domestic policy and growing international expectations. This will ensure that their organizations remain compliant, competitive, and reputable globally. Under the Trump administration, the American corporate leadership paradigm has shifted from setting and achieving progressively higher targets to rationalizing or reducing them altogether. This reversal creates significant complexity for global companies that must meet rising standards elsewhere. In this age of contradictory mandates, the most successful leaders will be those who can manage ambiguity, navigate political currents, and remain accountable to the long-term global expectations of progress, even when the targets at home disappear.
