Sustainable Development Goals
Abstract/Objectives
As extreme climate events raise concerns, governments are requiring corporations to take active roles in reducing carbon emissions. While there is abundant research on Corporate Social Responsibility (CSR) and emissions, little is focused on Taiwanese firms. This study analyzes carbon emission data, financial metrics, and corporate details of listed Taiwanese companies from 2019 to 2022 through regression analysis. The findings reveal that higher personnel expenses correlate with increased emissions, while higher employee productivity, export ratios, and foreign shareholding reduce emissions. For high energy-consuming industries, increased revenue and foreign shareholder ratios also decrease emissions, while for low energy-consuming industries, improved productivity and return on assets (ROA) contribute to lower emissions. These insights aim to inform policymakers and provide strategic direction for companies managing their carbon footprint.
Results/Contributions

In response to the threats posed by extreme climate events, governments worldwide have enacted regulations mandating that corporations play a more proactive role in the process of carbon reduction. While recent years have seen a proliferation of literature on Corporate Social Responsibility (CSR) and carbon emissions, there is a notable lack of research examining the factors that may influence the carbon emissions of Taiwanese firms. In light of this, this study conducts a regression analysis based on the carbon emission panel data, financial indicators, and corporate information of the listed companies from 2019 to 2022 in Taiwan. The results indicate that increased personnel expenses lead to higher carbon emissions, whereas increases in employee productivity, export ratios, and foreign shareholding ratio reduce carbon emissions. Furthermore, when comparing high and low energy-consuming industries, it is found that in high energy-consuming industries, increases in revenue and the proportion of foreign individual shareholders reduce carbon emissions. Conversely, in low energy-consuming industries, increases in employee productivity and return on assets (ROA) reduce carbon emissions. The findings of this study not only provide a reference for policymakers but also serve as a strategic guide for companies experiencing carbon anxiety.

Keywords
Carbon emissionsForeign shareholding ratioCSRPanel data
References
1. https://etd.lib.nycu.edu.tw/cgi-bin/gs32/hugsweb.cgi?o=dnthucdr&s=id=%22G021110725170%22.&searchmode=basic

Factors Affecting Carbon Emissions of the Listed Companies in Taiwan