{"id":46861,"date":"2025-11-03T14:23:02","date_gmt":"2025-11-03T06:23:02","guid":{"rendered":"https:\/\/www.tejwin.com\/?post_type=news&#038;p=46861"},"modified":"2026-06-10T17:25:30","modified_gmt":"2026-06-10T09:25:30","slug":"tesg-ratings-2025-latest-rating-release","status":"publish","type":"news","link":"https:\/\/www.tejwin.com\/en\/news\/tesg-ratings-2025-latest-rating-release\/","title":{"rendered":"TESG Ratings 2025 Latest Rating Release"},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\/image-922-1024x576.png\" alt=\"TESG Ratings Reveal a Shift in Sustainability Report Competition: From \u201cHaving One\u201d to \u201cHaving a Good One\u201d\" class=\"wp-image-46862\" style=\"aspect-ratio:16\/9;object-fit:cover\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/image-922-1024x576.png 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-922-300x169.png 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-922-150x84.png 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-922-768x432.png 768w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-922-1536x864.png 1536w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-922.png 1672w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2c670fb63af\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2c670fb63af\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tejwin.com\/en\/news\/tesg-ratings-2025-latest-rating-release\/#TESG_Ratings_Reveal_the_Full_Launch_of_Disclosure_Sustainability_Information_Quality_Becomes_a_New_Battleground_for_Enterprises\" >TESG Ratings Reveal the Full Launch of Disclosure: Sustainability Information Quality Becomes a New Battleground for Enterprises<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tejwin.com\/en\/news\/tesg-ratings-2025-latest-rating-release\/#TESG_Ratings_Insights_All_Listed_and_OTC_Companies_Brought_Under_Disclosure_Requirements_Facing_New_Regulatory_Challenges\" >TESG Ratings Insights: All Listed and OTC Companies Brought Under Disclosure Requirements, Facing New Regulatory Challenges<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tejwin.com\/en\/news\/tesg-ratings-2025-latest-rating-release\/#Significant_Improvement_in_Report_Disclosure_Performance_21_Companies_See_Sharp_TESG_Rating_Upgrades\" >Significant Improvement in Report Disclosure Performance: 21 Companies See Sharp TESG Rating Upgrades<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tejwin.com\/en\/news\/tesg-ratings-2025-latest-rating-release\/#Aligning_with_International_Standards_Dual_Disclosure_from_GRI_to_SASB\" >Aligning with International Standards: Dual Disclosure from GRI to SASB<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tejwin.com\/en\/news\/tesg-ratings-2025-latest-rating-release\/#TEJ_Supports_Companies_in_Deepening_Sustainability_Disclosure_and_Moving_Toward_International_Alignment\" >TEJ Supports Companies in Deepening Sustainability Disclosure and Moving Toward International Alignment<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TESG_Ratings_Reveal_the_Full_Launch_of_Disclosure_Sustainability_Information_Quality_Becomes_a_New_Battleground_for_Enterprises\"><\/span><strong>TESG Ratings Reveal the Full Launch of Disclosure: Sustainability Information Quality Becomes a New Battleground for Enterprises<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In 2025, Taiwanese companies are officially entering the era of comprehensive sustainability disclosure. <strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\">Taiwan Economic Journal (TEJ)<\/mark><\/strong> released the latest <a href=\"https:\/\/www.tejwin.com\/en\/news\/tesg-ratings-2026-first-release\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TESG Ratings<\/strong><\/a> November 3, revealing significant changes in the completeness, accuracy, and alignment with international standards of corporate disclosures. <strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\">With the adoption of the new GRI Standards, biodiversity-related issues, and SASB industry-specific indicators<\/mark><\/strong>, corporate sustainability disclosure is no longer merely about \u201cresponding to disclosure requirements,\u201d but has become a key indicator of competitiveness.<\/p>\n\n\n\n<p>In this round of ratings, a total of 559 companies were upgraded, while 618 companies were downgraded. The increasing transparency of sustainability information is reshaping the distribution of ratings and reflecting that the depth and credibility of corporate ESG (Environmental, Social, and Governance) disclosures are becoming new focal points of competition.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-100 is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link has-white-color has-light-green-cyan-to-vivid-green-cyan-gradient-background has-text-color has-background has-link-color has-medium-font-size has-custom-font-size wp-element-button\" href=\"https:\/\/www.tejwin.com\/en\/news\/tesg-rating\/\" target=\"_blank\" rel=\"noreferrer noopener\">\ud83d\udc49 <strong>Strengthen ESG governance and decision-making with TESG Rating.<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TESG_Ratings_Insights_All_Listed_and_OTC_Companies_Brought_Under_Disclosure_Requirements_Facing_New_Regulatory_Challenges\"><\/span><strong>TESG Ratings Insights: All Listed and OTC Companies Brought Under Disclosure Requirements, Facing New Regulatory Challenges<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Following the amendment of the <strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\">Regulations Governing the Preparation and Filing of Sustainability Reports<\/mark><\/strong> in May 2025, sustainability report disclosure requirements have officially been expanded to all listed and OTC companies. According to statistics from the <a href=\"https:\/\/www.tejwin.com\/en\/news\/tesg-sustainability-dataset\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TEJ\u2013TESG Sustainability Dataset<\/strong><\/a>, as of the end of September 2025, a total of 1,964 companies had disclosed their 2024 sustainability reports. Among them, 1,890 were listed and OTC companies, while the remaining 74 were emerging stock and public offering companies.<\/p>\n\n\n\n<p><strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\">After comprehensive disclosure requirements were introduced, disclosure quality has become a new challenge for enterprises.<\/mark><\/strong> Certain disclosure items in sustainability reports must be verified or assured by third parties. Among companies subject to mandatory disclosure for the 2023 reporting year, 451 obtained third-party verification, accounting for 74.42%. By the 2024 reporting year, as all listed and OTC companies were required to disclose, the number of verified companies increased to 827; however, the share dropped to 43.30%, indicating that newly included companies are still in an adjustment period. <strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\">Going forward, the focus of sustainability information will shift from \u201cdisclosure coverage\u201d to deeper \u201cdisclosure quality,\u201d emphasizing the credibility, specificity, and comparability of information.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>Overview of Sustainability Report Verification and Assurance in the Past Two Years<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"884\" height=\"291\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/image-923.png\" alt=\"\" class=\"wp-image-46866\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/image-923.png 884w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-923-300x99.png 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-923-150x49.png 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-923-768x253.png 768w\" sizes=\"(max-width: 884px) 100vw, 884px\" \/><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Significant_Improvement_in_Report_Disclosure_Performance_21_Companies_See_Sharp_TESG_Rating_Upgrades\"><\/span><strong>Significant Improvement in Report Disclosure Performance: 21 Companies See Sharp TESG Rating Upgrades<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This round of <a href=\"https:\/\/www.tejwin.com\/en\/news\/tesg-ratings-2026-first-release\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TESG Ratings<\/strong><\/a> mainly uses 2024 sustainability reports and publicly available information as the basis for evaluation, covering 2,527 companies, an increase of 47 from the previous period. As regulations continue to promote higher levels of disclosure, information transparency has also become a driver of corporate competitiveness. In particular, 21 companies that published sustainability reports for the first time, followed the GRI Standards, and obtained third-party verification or assurance saw their average ratings rise by 2 to 3 levels, demonstrating the significant impact of report quality on ratings.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.tejwin.com\/en\/news\/tesg-ratings-2026-first-release\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TESG Ratings<\/strong><\/a> is Taiwan\u2019s first ESG indicator authorized by SASB to comprehensively evaluate listed, OTC, and public offering companies in Taiwan. Through more than 70 variables, it quantifies corporate performance and covers 16 sustainability issues. <strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\">TESG Ratings not only reflect a company\u2019s performance in ESG (Environmental, Social, and Governance), but also serve as a key reference for investors and financial institutions when assessing future potential.<\/mark><\/strong><\/p>\n\n\n\n<p><strong>Companies That Published 2024 Sustainability Reports for the First Time, Followed the GRI Standards, and Obtained Third-Party Verification or Assurance<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"1000\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\/image-924-1024x1000.png\" alt=\"\" class=\"wp-image-46868\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/image-924-1024x1000.png 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-924-300x293.png 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-924-150x146.png 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-924-768x750.png 768w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-924-1536x1499.png 1536w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-924.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Aligning_with_International_Standards_Dual_Disclosure_from_GRI_to_SASB\"><\/span><strong>Aligning with International Standards: Dual Disclosure from GRI to SASB<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At the end of 2020, the FSC introduced the<strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\">\u201cCorporate Governance 3.0 \u2014 Sustainable Development Roadmap\u201d<\/mark><\/strong>, encouraging companies to refer not only to the GRI Standards, but also to incorporate SASB industry-specific indicators to strengthen the industry relevance of sustainability issues. To align with the 2024 version of the IFRS Sustainability Disclosure Standards, the revised <strong><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-orange-color\">Regulations Governing the Preparation and Filing of Sustainability Reports<\/mark><\/strong> encourage the disclosure of SASB industry information to improve disclosure quality and comparability. In the 2024 reporting year, 73.04% of companies subject to mandatory disclosure followed the SASB Standards, reflecting that SASB has gradually been internalized as an important framework for corporate sustainability disclosure and has become one of the key bases for deepening sustainability reports in Taiwan.<\/p>\n\n\n\n<p><strong>Overview of Sustainability Reports Prepared in Accordance with the SASB Standards in Recent Periods<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"352\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/\/image-925-1024x352.png\" alt=\"\" class=\"wp-image-46870\" srcset=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/image-925-1024x352.png 1024w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-925-300x103.png 300w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-925-150x52.png 150w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-925-768x264.png 768w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-925-1536x528.png 1536w, https:\/\/www.tejwin.com\/wp-content\/uploads\/image-925.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"TEJ_Supports_Companies_in_Deepening_Sustainability_Disclosure_and_Moving_Toward_International_Alignment\"><\/span><strong>TEJ Supports Companies in Deepening Sustainability Disclosure and Moving Toward International Alignment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>TEJ has been deeply engaged in ESG data for many years. In addition to launching the <strong><a href=\"https:\/\/www.tejwin.com\/en\/news\/tesg-rating\/\" target=\"_blank\" rel=\"noreferrer noopener\">TESG Ratings<\/a><\/strong> and the <a href=\"https:\/\/www.tejwin.com\/en\/news\/tesg-sustainability-dataset\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TESG Sustainability Dataset<\/strong><\/a>, TEJ continues to track the latest international standards, including GRI 2024 biodiversity disclosures and the IFRS Sustainability Disclosure Standards. To help companies respond to nature-related issues in advance, TEJ has introduced the <a href=\"https:\/\/www.tejwin.com\/news\/tnfd%e8%87%aa%e7%84%b6%e7%9b%b8%e9%97%9c%e5%af%a6%e9%ab%94%e9%a2%a8%e9%9a%aa%e7%ad%89%e7%b4%9a%e8%a9%95%e4%bc%b0%e6%9c%8d%e5%8b%99\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TNFD Nature-related Entity Risk Rating<\/strong><\/a>, assisting companies in understanding operational site and ecosystem hotspot overlapping risks and transforming nature-related risks into concrete decision-making references.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.tejwin.com\/en\/solution\/esg-sustainability-solution-2\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>TEJ\u2019s sustainability solutions<\/strong><\/a> integrate one-stop support from information disclosure and risk analysis to decision-making applications, helping companies and financial institutions enhance sustainability resilience and move toward a new stage of international alignment.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-100\"><a class=\"wp-block-button__link has-light-green-cyan-to-vivid-green-cyan-gradient-background has-background has-medium-font-size has-custom-font-size wp-element-button\" href=\"https:\/\/www.tejwin.com\/en\/news\/tesg-ratings-2026-first-release\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>\ud83d\udc49 Learn more about the 2026 TESG Ratings and TESG Sustainability Development Solutions.<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2025, Taiwanese companies are officially entering the era of comprehensive sustainability disclosure. Taiwan Economic Journal (TEJ) released the latest TESG Ratings November 3, revealing significant changes in the completeness, accuracy, and alignment with international standards of corporate disclosures. With the adoption of the new GRI Standards, biodiversity-related issues, and SASB industry-specific indicators, corporate sustainability disclosure is no longer merely about \u201cresponding to disclosure requirements,\u201d but has become a key indicator of competitiveness.<\/p>\n","protected":false},"featured_media":46864,"parent":0,"menu_order":0,"template":"","tags":[3036,3010],"news-category":[],"class_list":["post-46861","news","type-news","status-publish","has-post-thumbnail","hentry","tag-esg-sustainability-solution","tag-tesg"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/news\/46861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media\/46864"}],"wp:attachment":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media?parent=46861"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/tags?post=46861"},{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/news-category?post=46861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}