Pulling companies towards culture and co-creation Tax credits also add points to ESG ratings! The Cultural Affairs Bureau as a facilitator

In order to enhance the cooperation between enterprises and the cultural content industry, the Cultural Affairs Bureau organized the "Corporate Governance Score and New Opportunities for Rental Tax Incentives - Enterprises and Cultural Entrepreneurs Joining Hands to Create a Win-Win Situation in the ESG" forum on the 26th of March, which attracted the participation of hundreds of representatives from the enterprises and the content industry; the Cultural Affairs Bureau has also set up the Center of Impact on ESG for Culture in anticipation of assisting more enterprises and cultural entrepreneurs in co-creating cooperation. Through the establishment of the ESG for Culture Impact Center, the Institute hopes to assist more enterprises and cultural industry players in creating cooperation. Literature Council President Tsai Chia-chun said that the Literature Council has so far succeeded in matching 45 cases of cooperation between culture and enterprises. In addition, after the passage of the amendment to the Cultural and Creative Industries Law last year, enterprises are entitled to tax credits for investing in the film, television, and audio industries, which is a good time for the industry to enter the market. President Lu further pointed out that the establishment of the ESG for Culture Impact Center is intended to help the cultural content industry cooperate with enterprises in a more diversified way. In the past, the cultural sector and the corporate sector worked together from the concept of CSR, but now it has evolved to the "ESG for Culture", which is in line with the core of the corporate sector and its own industry, to bring about corporate benefits, to bring into play the influence of the environment and society, and to facilitate the cooperation between the cultural content industry and its corporate partners. Tingli Hu, Vice President of the Cultural Affairs Bureau, explains that this includes investing in the film and audiovisual industry, donating cultural coins to give back to the youth, or even donating directly to the Cultural Affairs Bureau and designating specific cultural operators by contract. In addition to enjoying tax breaks for such support, the enterprises will also be able to receive points for their corporate governance evaluation indexes. In fact, starting in 2023, in the Corporate Governance Assessment, if a listed company invests resources to support the development of domestic culture and discloses the relevant content in its Corporate Sustainability Report, it will receive points in the assessment, and the LCSD will play an important role as a catalyst, in the hope that more and more corporations will sponsor and support the development of arts and culture in the country. Yesterday's forum invited Taishin Financial Holding's CEO, Mr. Lee Chun-Yu, to talk about "how the financial industry can play the role of a promoter of culture," and to share his company's long-term sponsorship and investment in the arts with examples of its support for the artist Jiang Hsien-Ji and the Taishin Art Award, which has been held for more than 20 years now. In addition, the forum also invited Bian Wenjun, manager of Hang Lung Bank, and Liao Zheyi, CEO of San Ocarina (Gleaner), to have a conversation and share the case of an "immersive concept store". Mr. Bian believed that in the past, enterprises would look at customers from their own perspective, but the cultural and content industry gave them brand new ideas, which led to a spark of cooperation and many creative ideas. Mr. Liao, on the other hand, said that Hang Lung Bank provided a large amount of customer DATA, which allowed the team to quickly understand the needs of the customer base, and further enabled consumers to have a precise experience. In addition, Mr. Chen Kun-hong, Chairman of Ruihe Holdings, Mr. Shen Kuo-fen, Vice President of Yi-jun Environmental Technology, and Mr. Ye Yang, co-founder of Half a Sheep Standing Book Lab, shared their views on how cooperation between the corporate side and the cultural side can have a sustainable and environmentally friendly impact through their booths at the Taiwan International Intelligent Energy Week 2023. In particular, Yeh mentioned that Half a Sheep, which develops paper arts, has more room for development thanks to the matchmaking of the Cultural Affairs Bureau. Translated with DeepL.com (free version)