Taiwan’s FSC plans to introduce social and sustainability bonds by the end of the year.

Taiwan’s Financial Supervisory Commission will direct the Taipei Exchange to develop new guidelines for issuing social and sustainability bonds, it has been reported.

In 2017, the FSC allowed companies to issue green bonds on the Taipei Exchange and Taiwan’s green bond market is now worth $3.9 billion. The FSC expects companies to utilise social and sustainability bonds to fuel their ESG projects.

“Given that social bonds and sustainability bonds are popular overseas, Taiwan’s bond market is likely to continue advancing after these instruments are included,” said Sam Chang, director of the FSC’s Securities and Futures Bureau.