為了滿足利益關係人的永續資訊需求，企業開始揭露永續報告書。我國採用IFRS永續企業準則，並逐步要求公司揭露其永續資訊。此舉不僅可以提升國際能見度並加速企業永續轉型，也對於爭取永續投資基金有幫助，吸引更多國際資金來我國投資。
本研究採用台灣八個年度上市櫃公司永續綜合表現得分以及股東報酬，輔以十個年度之股東報酬率，藉以衡量企業替股東獲利之能力高低。同時研究企業現金規模與永續評分是否相關。研究結果顯示，當股東報酬率表現越好，永續綜合分數也較佳。再將綜合分數細分為環境、社會、治理三大層面，發現僅環境面之分數較為顯著相關。因此，本研究推論大部分企業僅將心力投入於環境議題，像是種樹、節能等短期措施，仍有進步空間。本研究也發現營運資金較大的公司，永續行動之表現也較佳，推論企業有額外資金才願意投入永續行動，並顧及其商譽而付出成本。

In recent years, in order to meet the sustainability information needs of investors and stakeholders, many companies have been disclosing sustainability reports. Additionally, organizations are striving to enhance the comparability and transparency of information disclosure to prevent greenwashing.
In the past, investors assessed corporate value based on financial statement data, such as gross profit margin, earnings per share to ensure the comparability of financial information disclosure. Currently, companies' performance is measured by non-financial information related to ESG factors, such as carbon emissions, water resource pollution, and labor conditions in the supply chain.
This study uses the environmental performance scores of Taiwanese listed companies, along with shareholder returns, to measure the companies' ability to generate profits for shareholders. The results indicate that companies with better shareholder returns also tend to have higher overall sustainability scores. However, when breaking down the overall score into the three dimensions of environment, social, and governance, only the environmental score shows a significant correlation. Therefore, my findings suggest that companies are currently focusing their efforts primarily on environmental issues, such as tree planting and energy saving, which are measures with visible short-term results. The study also finds that larger companies with more operating cash tend to perform better in sustainability actions, inferring that larger companies may be more willing to bear additional costs to protect their reputation.

林昱希, 2022, 強制編制永續報告書與環境揭露對生產力之影響 , 41-52頁。
林靈, 2023, 台灣上市櫃公司ESG表現對機構投資人持股之影響, 7-26頁。
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