IN-PERSON London. Section A

Abstract

In recent years, the urgent demand for industrial land in Taiwan has intensified due to the global trend of industry repatriation, resulting in the expansion of science parks. However, as the development of science parks progresses, many individuals have begun contemplating the costs associated with economic growth, prompting a reevaluation of the establishment of these parks. The concept of Environmental, Social, and Governance (ESG) primarily provides investors with the means to understand portfolio construction and risk-reward characteristics through quantitative or qualitative integration, serving as a basis for investment decisions. While ESG is predominantly employed to assess corporations or organizational entities, its principles have gradually extended to the public sector and public infrastructure in recent years. Taiwan’s science parks possess a dual nature of government governance and corporate profit-seeking. Beyond emphasizing public interests, there is also a desire to cultivate an investment-friendly environment. Based on the aforementioned considerations, this study intends to focus on Taiwan’s science parks as the research subject and establish a set of ESG evaluation indicators aligned with the future development of Taiwan’s science parks. Through a literature review, this paper selects key rating agencies, including Asset4, Sustainalytics, S&P Dow Jones (RobecoSAM), Moody’s ESG (Vigeo-Eiris), and MSCI (KLD), and supplements this selection with relevant research. These sources form the basis for establishing ESG indicators specific to Taiwan’s science parks. After compiling numerous indicators, this research will employ the Fuzzy Delphi method to conduct expert surveys, refining the identified indicators and constructing ESG assessment indicators tailored to Taiwan’s science parks. The ESG indicators developed through the operations of this study can be employed as a significant reference for the future development of Taiwan’s science parks.