ESG 進入量化時代：非交易型碳權（NTCC）如何改變企業減碳策略？

在全球資本市場，ESG（環境、社會、公司治理） 已成為評估企業價值的核心指標之一。投資者、監管機構、消費者及供應鏈夥伴對企業的永續表現提出更高要求，企業不僅需展現減碳承諾，還需提供具體、可衡量的 ESG 影響數據。然而，在 ESG 報告的「量化」與「透明度」方面，企業仍面臨諸多挑戰，特別是在碳管理策略上，許多企業仍依賴傳統的「碳抵消」（Carbon Offset）機制，這種方式的有效性卻受到質疑。

[February 11, 2025] In the global capital market, Environmental, Social, and Governance (ESG) has become a core criterion for evaluating corporate value. Investors, regulatory bodies, consumers, and supply chain partners are placing increasing demands on companies to demonstrate their sustainability performance. Businesses must not only commit to carbon reduction but also provide concrete, measurable ESG impact data. However, companies still face significant challenges in quantifying and ensuring the transparency of their ESG reports, especially in carbon management strategies. Many companies continue to rely on traditional carbon offset mechanisms, whose effectiveness has been called into question.

為解決這一問題，SDGS PASS 推出「非交易型碳權（NTCC）」機制，幫助企業透過真實的減碳行動來累積 ESG 績效，並與國際減碳標準接軌。這項創新模式不僅提升企業 ESG 資訊的透明度，也為 ESG 企業提供了更具說服力的永續發展路徑。

To address this issue, SDGS PASS has introduced the "Non-Tradable Carbon Credit (NTCC)" mechanism, enabling companies to accumulate ESG performance through genuine carbon reduction actions while aligning with international carbon reduction standards. This innovative model not only enhances the transparency of ESG information but also provides a more credible sustainability pathway for ESG-focused companies.

企業 ESG 影響如何量化？NTCC 機制創造可衡量的減碳貢獻

傳統的 ESG 減碳策略主要依賴碳抵消，即企業透過購買碳權來中和自身碳排放。然而，這種方式在近年來受到部分 ESG 監管機構與投資人的質疑，認為單純購買碳權的方式，可能無法真正反映企業的實際減碳行動。此外，碳抵消市場存在價格波動、監管不一致等問題，導致 ESG 企業的減碳數據可信度降低。

為了突破這一困境，SDGS PASS 創立了「非交易型碳權（NTCC）」機制，這是一種企業無法買賣，但可用於 ESG 報告的碳減排行動記錄。這意味著企業必須透過提供公益兌換品（如環保產品、低碳服務）來獲取 NTCC，並將這些數據應用於國際 ESG 框架，如：

How Can Companies Quantify Their ESG Impact? The NTCC Mechanism Creates Measurable Carbon Reduction Contributions

Traditional ESG carbon reduction strategies largely rely on carbon offsetting, where companies purchase carbon credits to neutralize their emissions. However, this approach has come under increasing scrutiny from ESG regulators and investors in recent years. Many question whether simply purchasing carbon credits truly reflects a company's actual carbon reduction efforts. Additionally, the carbon offset market is plagued by price volatility and inconsistent regulations, reducing the credibility of ESG carbon reduction data.

NTCC 機制的設計確保企業的 ESG 影響具有真實性、可衡量性及不可交易性，避免了碳抵消市場可能帶來的漂綠（Greenwashing）疑慮。

專家觀點：企業從「購買碳權」轉向「創造碳權」，提升 ESG 透明度

根據環境經濟學者分析，NTCC 機制的最大優勢在於，企業不再只是單純透過購買碳權來達成 ESG 目標，而是透過實際的公益減碳行動來「創造碳權」。

學者指出：「目前全球 ESG 投資者越來越關注企業在減碳方面的實際作為，而不僅僅是財報上的碳抵消數據。SDGS PASS 提出的 NTCC 機制，讓企業能夠提供透明、可追蹤的減碳數據，這對於希望提升 ESG 可信度的企業來說，是一個關鍵機會。」

此外，監管機構也逐步強化 ESG 資訊披露標準。例如，歐盟永續金融揭露規範（SFDR） 要求企業提供更詳細的環境影響報告，而美國加州則立法要求大型企業自 2024 年起公開碳排放數據。在此趨勢下，企業透過 NTCC 累積的減碳記錄，將有助於企業符合各國監管要求，並在全球資本市場上獲得更高的永續評級。

To overcome these challenges, SDGS PASS has developed the "Non-Tradable Carbon Credit (NTCC)" mechanism - a system where companies cannot buy or sell carbon credits, but instead must earn them through verifiable carbon reduction activities. This means businesses must engage in providing public-benefit exchange products (such as eco-friendly products or low-carbon services) to obtain NTCCs. These credits can then be incorporated into global ESG frameworks such as:

The NTCC mechanism ensures that corporate ESG impacts are authentic, measurable, and non-tradable, preventing the risk of greenwashing that can arise in the carbon offset market.

Expert Insights: Shifting from "Buying Carbon Credits" to "Creating Carbon Credits" to Improve ESG Transparency

According to environmental economics experts, the greatest advantage of the NTCC mechanism is that companies no longer rely solely on purchasing carbon credits to meet ESG goals. Instead, they actively create carbon credits through genuine sustainability initiatives.

One scholar commented:

"Global ESG investors are increasingly focusing on actual corporate carbon reduction efforts rather than just financial reports showing carbon offsets. The NTCC mechanism introduced by SDGS PASS allows businesses to provide transparent and traceable carbon reduction data, offering a crucial opportunity for companies seeking to enhance ESG credibility."

「公民參與 X ESG 企業減碳」模式，創造雙贏效益

除了提升 ESG 報告的透明度，SDGS PASS 也強調「公民參與」對 ESG 目標的重要性。NTCC 機制的另一大特色是讓企業能夠透過消費者行為來推動減碳行動，打造更具影響力的 ESG 模式。

企業可以透過提供可兌換的環保產品或低碳服務，鼓勵消費者參與 ESG 行動。例如：

這種「公民參與 X ESG 企業減碳」的創新模式，除了有助於企業達成 ESG 目標，還能增加品牌忠誠度，吸引更加關注環保的消費族群。

Regulatory bodies are also tightening ESG disclosure standards. For instance:

Given these regulatory trends, companies that accumulate NTCCs through legitimate carbon reduction activities will be better positioned to comply with international regulations and achieve higher sustainability ratings in global capital markets.

The "Public Participation x ESG Corporate Carbon Reduction" Model Creates a Win-Win Strategy

Beyond improving ESG report transparency, SDGS PASS emphasizes the role of public participation in ESG goals. A unique feature of the NTCC mechanism is that it enables companies to engage consumers in carbon reduction initiatives, creating a more impactful ESG model.

Companies can offer eco-friendly products or low-carbon services in exchange for NTCCs, encouraging consumers to participate in sustainable actions. Examples include:

This "Public Participation x ESG Corporate Carbon Reduction" model not only helps businesses achieve ESG goals but also strengthens brand loyalty and attracts environmentally conscious consumers.

SDGS PASS 為企業開創 ESG 新標準，助力全球永續發展

隨著 ESG 成為全球企業競爭力的關鍵指標，如何提升 ESG 透明度、累積可衡量的減碳數據，已成為企業面臨的重大挑戰。SDGS PASS 推出的 NTCC 機制，為企業提供了一條突破傳統碳抵消市場限制的全新道路。

SDGS PASS Establishes a New ESG Standard, Driving Global Sustainability

As ESG continues to be a key competitive factor for businesses worldwide, companies face the urgent challenge of enhancing ESG transparency and accumulating measurable carbon reduction data. The NTCC mechanism introduced by SDGS PASS provides an innovative alternative to traditional carbon offset markets.

透過 NTCC，企業不僅能展現真實的 ESG 影響，還能符合國際減碳標準，並在投資者與監管機構的審視下獲得更高的永續評級。此外，透過「公民參與 X ESG 企業減碳」的模式，企業可進一步提升品牌價值，創造更廣泛的社會影響力。

With NTCCs, companies can demonstrate real ESG impact, align with international carbon reduction standards, and earn higher sustainability ratings from investors and regulatory agencies. Additionally, by leveraging the "Public Participation x ESG Corporate Carbon Reduction" model, companies can boost brand value and generate broader social impact.

在 ESG 投資時代，透明、可信、可衡量的 ESG 數據將成為企業成功的關鍵。SDGS PASS 將持續推動創新，幫助企業建立更具影響力的永續發展戰略，共同開創更綠色、更永續的未來。

In the ESG investment era, transparent, credible, and measurable ESG data will be the key to corporate success. SDGS PASS remains committed to innovation, helping businesses establish more impactful sustainability strategies and collectively shaping a greener, more sustainable future.