The Importance of Sustainable Reporting: Connecting International Standards and Local Regulations

Alfred Tang

Alfred Tang

Sep 28, 20233 min read


The Importance of Sustainable Reporting: Connecting International Standards and Local Regulations


In today's rapidly evolving business landscape, sustainable reporting has become a vital component for companies aiming to create a positive impact on society and the environment. This article explores the intersection of international financial reporting standards and local regulations, highlighting the significance of sustainable reporting and its implications for businesses. We will delve into the mandatory packaging reporting requirements and the upcoming plans for incorporating sustainable reporting guidelines in listed companies.

Mandatory Packaging Reporting Requirements:

One key aspect of sustainable reporting is the mandatory reporting of packaging by producers. Under section 19(2) of the Resource Sustainability Act (RSA), producers are required to report packaging information to the relevant authorities. This regulation ensures that companies take responsibility for the environmental impact of their packaging materials. Company A, as a producer, would be obligated to adhere to these reporting guidelines.

Linking International Financial Reporting Standards and Sustainable Reporting:

To enhance the quality and transparency of sustainable information, local regulators are planning to align with international financial reporting standards (IFRS). By integrating the IFRS sustainability disclosure standards, the Financial Supervisory Commission aims to establish a robust framework for sustainable reporting in Taiwan. This initiative would require listed companies with a capital of over NT$10 billion to prepare sustainable information by 2026 and disclose it externally by 2027.

The Significance of Sustainable Reporting:

Sustainable reporting serves multiple purposes, benefiting both companies and stakeholders. Firstly, it enables companies to measure their environmental, social, and governance (ESG) performance accurately. By tracking and disclosing relevant data, businesses can identify areas for improvement, set targets, and ultimately enhance their sustainability practices. Moreover, sustainable reporting provides investors and stakeholders with transparent information to make informed decisions. It allows them to assess a company's commitment to sustainability and align their investment choices with their values.

Connecting the Dots: Common Points and Insights:

While the mandatory packaging reporting requirements focus on a specific aspect of sustainability, they underscore the larger goal of promoting responsible production and consumption. By holding producers accountable for their packaging materials, authorities aim to reduce waste, encourage recycling, and drive the transition towards a circular economy.

The integration of international financial reporting standards in sustainable reporting further emphasizes the importance of global consistency. As companies operate in an increasingly interconnected world, standardized reporting frameworks enable comparability and facilitate benchmarking across industries and regions. This alignment also enhances the credibility of sustainable reports, as international standards are widely recognized and accepted.

Actionable Advice:

  • 1. Embrace sustainability as a strategic imperative: Companies should view sustainability as a core business objective rather than a mere compliance requirement. By integrating sustainable practices into their operations, products, and reporting, organizations can gain a competitive edge and contribute to a more sustainable future.
  • 2. Invest in robust data management systems: As sustainable reporting relies on accurate and comprehensive data, companies should invest in robust data management systems. Implementing digital tools and technologies can streamline data collection, analysis, and reporting, ensuring the reliability and efficiency of the reporting process.
  • 3. Engage stakeholders and foster transparency: Companies should actively engage with stakeholders, including investors, customers, employees, and local communities, to understand their expectations and concerns regarding sustainability. By fostering transparency and open communication, businesses can build trust and establish long-term relationships based on shared values.


As the global focus on sustainability intensifies, the integration of international financial reporting standards and local regulations presents a unique opportunity for businesses to demonstrate their commitment to responsible practices. By complying with mandatory packaging reporting requirements and embracing the upcoming sustainable reporting guidelines, companies can strengthen their environmental, social, and governance performance while fostering transparency and trust. Embracing sustainability as a strategic imperative, investing in robust data management systems, and engaging stakeholders are actionable steps that companies can take to navigate the evolving landscape of sustainable reporting successfully.


  1. "22020422_nea-mandatory-packaging-reporting-guidebook.pdf", (Glasp)
  2. "新聞稿-我國規劃接軌國際財務報導準則(IFRS)永續揭露準則,提升永續資訊品質及透明度-金融監督管理委員會全球資訊網",,2&mcustomize=news_view.jsp&dataserno=202307060002&dtable=News (Glasp)

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