Background
Headquartered in Singapore, Seneca ESG is committed to providing software services for corporate ESG data analysis, assessment, reporting, investor relations and other information. The company has ZENO and EPIC platforms to help global companies disclose reports that meet ESG accounting standards.
In 2021, the Taiwan Financial Supervisory Commission announced the Green Finance 2.0 policy. Because the CEO of Seneca ESG, Jonathan Ha targeted the first wave of companies in the cement, steel and financial industries with a capital of more than 10 billion that must complete carbon footprint verification, Seneca ESG has officially established a branch office in Taipei City on April 7, 2023. In addition to actively assisting listed OTC companies in disclosing ESG reports, Seneca ESG also looks forward to continuing to create customized ESG accounting regulation services for small and medium-sized enterprises in Taipei City in the future, so as to reach the policy goals of Taipei`s livability and sustainability.
ITO Provide Customized Services
The target customer of Seneca ESG is those with the green financial policy from the Taiwan Financial Supervisory Commission. The policy is expected to promote the Carbon Footprint Verification of IPO companies in 4 stages according to the total paid-up capital from 2023 to 2027. Since 2027, all listed IPO companies will complete the disclosure of the Carbon Footprint Verification. All listed counter companies have to complete the Carbon Footprint Verification in 2029. Since the traditional accounting system cannot complete the relevant reports on schedule and quality, listed counter companies in Taiwan also urgently need more efficient solutions from the emerging technology service industry.
The important mission of ITO is to create a high-quality one-stop service for investment in Taipei City Government. Therefore, ITO was actively in contact with Seneca ESG at the end of 2022 to provide office space assistance, incentives and subsidies, and investment service consultation related to Taiwan`s net zero emission policy, in which accelerate Seneca ESG investments in Taipei efficiently.
Create Values
Net zero by 2050 is a mutual goal across the world. In June 2022, Taipei City Government took the lead in passing the autonomous regulations on the management of net zero emissions in Taipei City. Carbon reduction has become the most important driving force for the city’s industrial transformation. ITO successfully assisted Seneca SEG in its company set-up, which enriches the capacity of Carbon Footprint Verification in Taipei City, accelerates enterprises to further disclose ESG in their annual accounting report, which including the risk management, investment and business decision-making processes.
Jonathan Ha, CEO of Seneca ESG, expressed his gratitude to ITO for its professionalism and high efficiency. Through the advice to leverage ITO network, Seneca ESG will have more business opportunities for promotion and exposure in the future. In addition to IPO companies, Seneca ESG will actively expand the small and medium-sized enterprises market in Taiwan to help companies to reduce carbon emissions, and work together towards the 2050 net zero emission policy.
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