除了傳統的財務報告之外，ESG報告書也獲得了越來越多的關注。本研究首先研究了台灣上市櫃公司編制ESG永續報告書的決定因素。由於編制ESG報告書為公司提供了一個審視自身ESG相關活動的優勢與劣勢，我進一步研究了ESG報告書的撰寫是否與公司在法規遵循方面有關。我利用了2012年至2020年的14,942筆觀察值，發現了公司的部分特質與編制ESG報告書有關。此外，研究結果顯示，發佈ESG報告書的公司與同期以及下一期的違法活動呈現負相關，顯示有編制報告書的公司相較於沒有編制報告書的公司較不會涉入違法活動。本研究為公司以及監管單位提供了關於撰寫ESG報告書的一些參考。

ESG reporting has gained more and more attention in addition to conventional financial reporting. This study first examines the determinants of preparing ESG reports for listed companies in Taiwan. As preparing ESG reports provides an opportunity for companies to scrutinize the strengths and weaknesses of ESG-related items, I further investigate whether the issuance of ESG reports is associated with corporate compliance. Using the sample of 14,942 firm-year observations between 2012 and 2020, I find that firm’s characteristics are associated with the preparation of ESG reports. In addition, the results show that companies who issue ESG reports are less likely to violate regulations, both in the same and next periods. This study provides implications for practitioners and regulators about the benefits of ESG reporting.

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