本研究探討企業CSR報告書中重大議題矩陣變數與ESG行為之間的關聯性，蒐集2008 年至2018 年台灣所有發行的CSR報告書，將報告書中的重大議題矩陣切割並計算出三個主要變數，分別是利害關係人與公司營運衝擊程度的一致性(ALIGN)、側重於公司營運衝擊之比例(P.O.)以及側重於利害關係人關注之比例(S.O.)，利用這三個主要變數與目前可蒐集到的台灣ESG行為變數去做單變量分析，除了全樣本分析之外，本研究進一步依照自願性、市值大小及產業類別將樣本區分，分析主要變數在不同樣本是否會呈現不同的結果。結果顯示這三個主要變數確實與部分企業ESG行為相關，但因為目前台灣ESG相關資料質量欠佳和數量不足，導致結果較無明顯的模式。本研究也額外發現自願性發布報告書的企業ESG評分表現更差，因此這些企業可能有綠洗的嫌疑，另外，我們也發現大公司ESG 的表現並沒有比小公司還要好，說明公司規模與企業投入在CSR的成效關係不大。;This study aims to study the relationship between variables derived from the CSR report materiality matrix and actual ESG behavior of the firm. The data of the study includes the listed companies from 2008 to 2018 in Taiwan. In this paper, I divided the materiality matrices and calculated three main variables, 1) the alignment between stakeholders’ interest and the company′s operational impact, 2) the proportion focusing on the company′s operational impact and 3) the proportion focusing on stakeholders′ concern The three main variables are used for univariate analysis, In addition to the full sample analysis, this study further distinguishes the samples according to voluntariness, market value and industry category, and analyzes whether the main variables present different results in different samples.The results show that the three main variables can somehow capture the ESG behavior of companies, but the results do not present a clear pattern because of the low quality of ESG data in Taiwan. In addition, this study also found that the ESG scores of voluntary reporting companies are worse, so these companies may be suspected of green wash. In addition, we also find that the ESG performance of large companies is worse than small companies, indicating that the size of the company may not have much relationship with the effectiveness of CSR invested by companies.
