Fair Trade & Ethical Sourcing

The Taiwan Fund Inc. is an investment fund that seeks long-term capital appreciation through investments in equity securities of companies in Taiwan. As an investment fund, it does not directly procure or trade physical commodities, manage a supply chain, or engage in procurement activities. Therefore, the KPIs related to fair trade certification, supplier audit frequency, forced/child labor incidents in its own operations, supply chain traceability, remediation speed for its own violations, ethical clauses in its own supplier contracts, materials risk, and supplier diversity spend are not applicable to its direct operations. While articles discuss forced labor issues within Taiwan's fishing and textile industries

, including US regulatory actions , and Taiwan being listed for goods produced by forced or child labor , , these findings are at an industry or country level and are not attributed to The Taiwan Fund Inc. or its specific portfolio companies.

Honest & Fair Business

TWN.US has a robust anti-corruption policy that includes procedures for ethical management, prohibitions against providing or accepting improper benefits, and specific guidelines for handling facilitating payments, political contributions, and charitable donations

. The company conducts due diligence on third parties to evaluate their ethical management policies and prevent bribery , and submits regular reports on ethical management to the board of directors at least once a year . Additionally, a whistleblower system is being developed, which includes an independent mailbox or hotline for internal and external reports . The responsible unit is required to immediately verify reported facts , and documentation of case acceptance and investigation results must be retained for five years . However, there is no explicit evidence of independent investigation processes for whistleblower reports, nor are details regarding training frequency or program effectiveness publicly available.

Kind to Animals

The Taiwan Fund Inc. (TWN.US) is a closed-end investment fund. The provided articles contain no specific evidence regarding TWN.US's direct operational activities related to animal testing, animal agriculture, product manufacturing, or habitat management. While some articles discuss animal welfare regulations and practices in Taiwan or among other Taiwanese companies

, this information is not attributable to TWN.US itself or its specific investment policies concerning animal welfare. Therefore, all KPIs are omitted due to a lack of relevant data pertaining directly to TWN.US.

No War, No Weapons

No specific evidence was found in the provided articles regarding The Taiwan Fund, Inc.'s direct involvement in arms manufacturing, military contracts, or conflict facilitation. The articles discuss general military aid to Taiwan

and ESG reporting requirements for Taiwan-listed companies , but do not provide any data points related to the fund's revenue from defense contracts, dual-use technology, sales to embargoed regimes, peacebuilding investments, or any other specific metrics relevant to the 'No War, No Weapons' ethical value for TWN.US or its portfolio companies.

Respect for Cultures & Communities

The provided articles for The Taiwan Fund, Inc. (TWN.US) focus on its investment strategy, financial performance, and general ESG data coverage of its holdings

. No specific, concrete data points were found in any of the articles that directly address the company's own performance or actions related to the 'Respect for Cultures & Communities' KPIs, such as formal partnerships, community reinvestment, cultural incident management, or local employment ratios. Therefore, all KPIs for this value are omitted due to a lack of direct evidence.

Safe & Smart Tech

TWN.US operates in a regulatory environment where industry-standard practices for authentication security and regulatory compliance are defined. Taiwan's Financial Supervisory Commission (FSC) and Taiwan Stock Exchange (TWSE) regulations, updated in 2023, require securities firms to strengthen identity verification, including the use of mobile SMS OTP for image/video communication.

Additionally, Taiwan's Regulations Regarding the Security Maintenance and Administration of Personal Information Files in Digital Economy Industries, effective October 2023, mandate that digital economy businesses, including those involved in data processing, formulate a comprehensive Security Maintenance Plan.

Zero Waste & Sustainable Products

The provided articles discuss national-level waste management and recycling initiatives in Taiwan, as well as general ESG disclosure mandates for listed companies by the Taiwan Stock Exchange. However, none of the articles contain specific, quantitative data pertaining to TWN.US's performance on any of the 'Zero Waste & Sustainable Products' KPIs. Information regarding national recycling rates, regulations for online retailers, or general reporting mandates cannot be attributed to TWN.US, which is an investment fund, as no company-specific data is provided. Taiwan achieved a 51% domestic recycling rate in 2019.

By 2025, all newly manufactured plastic containers (excluding food storage) are targeted to have 25% recycled content. The Taiwan Stock Exchange (TWSE) introduced the mandate on June 7, 2024, requiring annual public disclosure of ESG practices. A dedicated ESG information platform on the Market Observation Post System (MOPS) was launched on May 31, 2024, to facilitate this reporting. The Taiwan Stock Exchange (TWSE) climate disclosure rules were introduced in 2022 and amended in 2024. Large firms began reporting in 2023. Smaller firms will be fully compliant by 2029. 722 listed companies published 2023 sustainability reports (over 70% of all listed firms). The Environmental Protection Administration (EPA) in Taiwan has implemented new regulations for online retailers regarding packaging materials. Starting July 1st, PVC is prohibited, and recycled content is mandated. Recycled paper (at least 90%) or plastic packaging with over 25% reusable plastic content are required. Retailers with paid-in capital exceeding T$50 million ($1.61 million) face specific packaging weight ratios (under 40%, 30%, or 15% depending on product weight). Retailers with at least T$150 million ($4.8 million) in paid-in capital have packaging reduction targets: 25% reduction by 2024, 30% by 2025, and 35% by 2026. Reusable packaging targets are also set: 2% by 2024, 8.5% by 2025, and 15% by 2026. Non-compliance will result in fines ranging from T$30,000 ($966.6) to T$150,000 ($4,832.9). Online retail sales were T$228.3bn ($7.36bn) in 2017 and T$430.3bn ($13.9bn) in 2022. Packaging waste is estimated at ~50,000 metric tons.