Do Well by Doing Good
Message from Chairman

The TIIA, through its bi-monthly forums and annual international conferences, has introduced international impact investing concepts, shared international standards and best practices, and showcased global case studies in Taiwan. By benchmarking these against domestic developments, the TIIA has provided valuable insights for future growth.
The second term of the TIIA's board and supervisors will continue to uphold the association's mission, building upon the successful model and activities of the previous term. They will strive to promote impact investing principles, introduce international best practices, and align with the core principles of the United Nations Sustainable Development Goals (SDGs), with a greater focus on thematic exploration.
Impact investing is gaining momentum globally and has become a mainstream trend. It will not only generate financial returns, but also address pressing social and environmental challenges, contributing to a better future for humanity. The association hopes that more individuals and organizations will focus on and engage in impact investing, working together to create a more sustainable and equitable world.
Chairman
Charles Chen
Chairman, TIIA
Milestones

It all started in February 2018, when
The idea first struck us to explore the potential of launching an Impact Investment initiative in Taiwan, while some of us were attending a workshop in Seoul, Korea. Details follow.
February
By invitation, three Taiwan representatives attended the Asian Impact Investment Workshop in Seoul, Korea. These were: Professor FENG Yen (former Minister without Portfolio and National Taiwan University Professor), LIEN Ting-Kai (former B Lab Taiwan Chairman), and CHEN Yi-Chiang (B Current Impact Investment Managing Director & Co-Founder). They reached the conclusion to file for membership of the NAB (National Advisory Board) of the UK-initiated GSG (the Global Steering Group for Impact Investment).
December
Informal tiia pre-meeting #1 of the tiia-ecosystem in the making.
January
Informal tiia pre-meeting #2 for warm-up exercises for preparations to qualify for a GSG Taiwan NAB application.
June
Informal tiia pre-meeting #3.
January
Taiwan’s first-ever Impact Investment-specific publication with the title ‘Do Well by Doing Good’authored by Fulbright Scholar WU Dao-Kuei came off the press.
March
The Preparatory Office for the Taiwan Impact Investment Society (tiis) was called into being jointly by WU Dao-Kuei, CHEN Yi-Chiang, Professor CHOU Xing-Yi (former NCCU President and Professor of Financial Management), CHEN Fu-Wei (former CEO, National Federation of CPA Associations of ROC), and David CHANG Ta-Wei (former Managing Director of CCIS-cum-CRIF).
May
The tiis inherited the pre-tiia ecosystem and invited its 70-plus associates to formally launch the tiis officially.
July
Taiwan’s Interior Ministry responded in writing that the tiis-case was formally acknowledged with the permission to proceed.
November
A tiis-preparatory meeting was convened to evaluate name change from that of a ‘society’ to ‘association’.
December
tiia convened its Initiators Conference & 1st General Assembly of Members with a consequent joint meeting by the board of directors and supervisors.
February
tiia Forum Series #1 – International Case Studies of Impact Investment & The Government’s Role and Functions.
(Panelist: YEN Xin-Xi, President, MIH Capital Management)
April
tiia curated the 2021 APSIS* Roundtable on High-level Policy under the auspices of Taiwan’s Executive Yuan.
(*Asia-Pacific Social Innovation Summit)
tiia Forum Series #2 – On Affordable Housing & Possible Diversification in Line with the UN-SDGs
(Panelists: HUA Jing-Chun (Deputy Interior Minister), YOU Zhao-Wen (Chairman, First Financial Holdings), HO Rih-Sheng (Deputy CEO, Tzu Chi Foundation ), PAN Xin-Rong ‘Lifetime Co-Habitat’(Chairman, Jiou Loh Enterprise)).
May
The 2nd joint meeting by board directors and supervisors convened.
June
tiia-Forum Series #3 – Future Prospects of the 7 SDG-designated Investment Strategies: A Taiwan Perspective.
(Panelists: CHIH Xiang-Lin (Dean, Business School, National Taipei City University), Mme. CHENG Shu-Fen (Chief Investment Officer, Cathay Financial Holdings), Joseph HSIEH Wen-Yuan (Chairman, DoublePortion Capital)).
August
The third joint meeting by board directors and supervisors convened.
tiia-Forum Series #4 – Professor Chun Chen: More than ESG. Do No Evil. Do Good. Do well.
October
tiia-Forum Series #5 – Asset Management 3.0: Implementing Impact Investing – A Case Study of the United Kingdom.
November
Taiwan Impact Investing Forum (TIIF) 2021: Mobilizing Private Capital to Achieve SDGs.
December
2nd General Assembly of Members.
February
tiia-Forum Series #6 – Professor Ed Chou: Emerging Trends and the Role of Impact Investing in the U.S.-China Nexus.
March
The fifth joint meeting by board directors and supervisors convened.
TIIA Media Workers Forum – Joe Hsueh Ph.D: Learn about carbon reduction and identify greenwashing.
Taiwan-Japan Impact Investment Exchange Online Forum.
tiia-Forum Series #7 – Dr. Lai-Juh, Chen: Green Choices for Achieving Carbon Neutrality.
April
tiia-Forum Series #8 – Mark Lin: Wall Street Financial Institution CEO Discusses the Global Trend of Impact Investing.
3rd General Assembly of Members.
2022 Cathay Financial Holdings’ Impact Investing Campus Forum Series – Fu Jen Catholic University.
May
2022 Cathay Financial Holdings’ Impact Investing Campus Forum Series – National Chengchi University (Virtual Forum).
2022 Cathay Financial Holdings’ Impact Investing Campus Forum Series – National Tsing Hua University (Virtual Forum).
tiia-Forum Series #9 – Vincent Wang and Mindi Wang: Solar Energy and Impact Investing.
Officially joined AVPN(Asian Venture Philanthropy Network), the largest Impact Investing network platform in the Asia-Pacific region.
July
TIIA Southern Members’ Meetup.
The Sixth joint meeting by board directors and supervisors convened.
August
Members’ Meetup: Unignorable Trends and Blind Spots: The Intent and Practice of Impact Investing.
September
2022 Cathay Financial Holdings’ Impact Investing Campus Forum Series – Feng Chia University.
October
The Seventh joint meeting by board directors and supervisors convened.
tiia-Forum Series #10 – Mei-Ling Chen and Simon Huang with Brad Huang: Regional Revitalization and Impact Investing.
November
Special Board of Directors and Supervisors Meeting.
“Impact Investing: Do well by doing good.”Recipient of the 2022 Gold Book Award from the Small and Medium Enterprise and Startup Administration.
2022 Cathay Financial Holdings’ Impact investing Campus Forum Series – National Sun Yat-sen University.
December
Taiwan Impact Investing Forum (TIIF) 2022: From ESG to Impact Investing Mobilizing Capital Towards a Sustainable Future.
2022 Cathay Financial Holdings’ Impact Investing Campus Forum Series -Tzu Chi University.
March
The eighth joint meeting by board directors and supervisors convened, presenting the 2022 Reporting Research Findings: Impact Investing and Monetized Impact Assessment.
April
The Shanghai Commercial & Savings Bank x tiia – Forum Series #11: Net Zero Carbon x Green Energy Innovation x Impact Investing.
Formally signing an alliance partnership with the Global Impact Investing Network (GIIN).
4th General Assembly of Members.
May
The Shanghai Commercial & Savings Bank x tiia – Forum Series #12: Carbon emission trading x Net Zero Finance x Impact Investing.
2023 Cathay Financial Holdings’ Impact Investing Campus Forum Series – National Taipei University.
2023 Cathay Financial Holdings’ Impact Investing Campus Forum Series – National Dong Hwa University.
June
The Taiwan Impact Investing Association (TIIA), the Fintech Research Center at National Chengchi University (FTRC), and the CFA Society Taiwan jointly established the Sustainable Finance & Impact Investing Academy.
July
Hosting the Impact Investing Academy: Impact Measurement and Management (IMM) — Junior Certificate Course at the Social Innovation Lab.
The ninth joint meeting by board directors and supervisors convened.
August
The Shanghai Commercial & Savings Bank x tiia – Forum Series #13: Private Equity and Venture Capital x Impact Investing.
October
2023 Cathay Financial Holdings’ Impact Investing Campus Forum Series – National Cheng Kung University.
Hosting the Generation 2(新師董) in collaboration with the Taiwan Impact Investment Association: Seminar on ‘From ESG to Impact Investing’.
2023 Cathay Financial Holdings’ Impact Investing Campus Forum Series – National Yang Ming Chiao Tung University.
The 10th joint meeting by board directors and supervisors convened.
Taiwan Impact Investing Forum (TIIF) 2023: Mastering Impact Opportunities and Conquering the 2nd Half of SDGs.
Taiwan Impact Investing Forum (TIIF) 2023 Workshop: Moving from Outputs to Outcomes for Effective Cross-Sector Collaboration—Pay for Success and Blended Finance Models in Asia.
November
2023 Cathay Financial Holdings’ Impact Investing Campus Forum Series: National Taiwan University, presenting the 2023 Reporting Research Findings: IMPACT ALPHA Preliminary Research Report.
2023 Cathay Financial Holdings’ Impact Investing Campus Forum Series -National Chung Hsing University.
The Shanghai Commercial & Savings Bank and tiia Forum Series #14: Corporate Equality and Inclusive Culture, Impact Investing – International and Taiwanese Perspectives and Practices.
December
Co-organizing the Shanghai Commercial & Savings Bank 2023 Sustainable Finance Forum: ‘Strategic Deployment for Enterprises to sustain — Exploring Business Opportunities through ESG’.
January
The Shanghai Commercial & Savings Bank x tiia – Forum Series #15: ‘’Pay for Success’’—Promoting cross-sector collaboration and win-win solutions for social development with a focus on enhancing youth employability.
March
The 11th joint meeting by board directors and supervisors convened. (1st Session)
The Shanghai Commercial & Savings Bank x tiia – Forum Series #16: Asset Management x Blended Finance x Impact Investing—Achieving the Double Bottom Line.
April
1st General Assembly of Members and hold the Board of Directors and Supervisors Election (2nd Session).
The 1st joint meeting by board directors and supervisors convened. (2nd Session)
May
The Shanghai Commercial & Savings Bank x tiia – Forum Series #17: Impact Measurement and Management (IMM).
2024 Cathay Financial Holdings’ Impact Investing Campus Forum Series – National Taipei University.
July
The Shanghai Commercial & Savings Bank x tiia – Forum Series #18: Local Revitalization x Impact Investing.
Generation 2(新師董) x TIIA x IAPS: Herman Coffee Opening Ceremony
September
The Shanghai Commercial & Savings Bank x tiia – Forum Series #19: Family Office x Impact Investing.
Hold the TIIF 2024 Taiwan Impact Investing Forum and a press conference to present the results of the Social Finance Regulations Comparative Study.
2024 Cathay Financial Holdings’ Impact Investing Campus Forum Series – National Yang Ming Chiao Tung University.
October
Taiwan Impact Investing Forum (TIIF) 2024: Driving Impact Through Innovative Financial Solutions for SDGs Challenges
2024 Cathay Financial Holdings’ Impact Investing Campus Forum Series – National Central University.
November
The 2nd joint meeting by board directors and supervisors convened. (2nd Session)
2024 Cathay Financial Holdings’ Impact Investing Campus Forum Series – National Taiwan University.
2024 Cathay Financial Holdings’ Impact Investing Campus Forum Series – National Cheng Kung University.
2024 Cathay Financial Holdings’ Impact Investing Campus Forum Series – Tunghai University.
December
Co-organizing the Shanghai Commercial & Savings Bank 2024 Sustainable Finance Forum: “Corporate Responses and Transformation Strategies under Carbon Pricing Policies.”
tiia Strategies
Impact Investment operates on the twin bottom line of both ‘impact’ and ‘return’ to redefine capitalism. It optimizes private capital to help solve public issues, and as such, it is quickly becoming a trending, global mainstream. At tiia we endeavor to institutionalize an impact investment ecosystem to agitate and promote like-mindedness and help facilitate the materialization of SDGs in Taiwan. Our strategic priorities are as follows.
Work in tandem with relevant counterparts in all sectors public and private to heighten the visibility of impact investment, and strengthen the credibility of its tools by actual practice.
Curate knowledge of trade contents and create a social platform for the dissemination of research findings and case studies.
Four Task Forces
01
Policy and Regulatory Action #1: Advancing Policy and Regulatory Advocacydvocacy
We actively shape policies and regulatory frameworks to foster a thriving impact investment ecosystem in Taiwan. Our initiatives include:
▪︎Thematic Roundtables: Facilitating discussions among key stakeholders to address regulatory challenges and policy innovations.
▪︎Global Representation: Engaging in international forums such as AVPN, GSG, and GIIN to align Taiwan’s impact investment landscape with global best practices.
▪︎Strategic White Papers: Publishing research-backed recommendations to guide policymakers, investors, and industry leaders in sustainable finance.
02
Action #2: Expanding Awareness and Outreach Efforts
To promote the impact investing movement and drive public engagement, we organize a series of flagship events, forums, and publications, including:
▪︎Annual International Forum and Workshop: Bringing together investors, policymakers, and social entrepreneurs to discuss impact investing trends.
▪︎Bi-Monthly Theme-based Forums: Deep dives into specialized impact investment topics in partnership with related associations, foundations, and institutions.
▪︎Quarterly Impact Taiwan E-Newsletters: Delivering thought leadership, case studies, and market insights to a growing impact investment community
03
Action #3: Enhancing Training and Research Initiatives
To cultivate future leaders and drive innovation in impact investing, we are launching structured training programs and research initiatives, including:
▪︎Training & Development Programs: A professional training platform offering foundational and advanced courses in impact investing.
▪︎Professional Certification Programs: Aligning with global standards to equip professionals with industry-recognized credentials.
▪︎Research and Knowledge Platforms: Conducting market studies to address ecosystem gaps and inform strategic decisions.
▪︎Establishment of Impact Measurement Frameworks: Aligned with international standards (IMP, IRIS+), pilot projects introduce impact reporting guidelines for investors and enterprises.
04
Action #4: Strengthening Member and Partner Networks
We are committed to fostering a dynamic and collaborative impact investment community through:
▪︎Membership Growth: Expanding our network to include diverse stakeholders from financial institutions, corporations, and social enterprises.
▪︎Strategic Partnerships: Engaging with key players in Taiwan and globally to drive cross-sector collaboration.
▪︎Community Events: Hosting networking meetups and industry roundtables.
▪︎University Campus Tour Forum and Ambassador Program: engaging students through forums and mentorship, empowering ambassadors to promote impact investing and sustainable finance on campus.
The Way Ahead
To concretely substantiate a positive future for Impact Investment in Taiwan, tiia sees as its calling to align resources for a sound ecosystem and corresponding action plans by consolidating support from relevant bodies and organizations domestic and foreign for the optimization of R&D, education, and social groups. Details follow.
International Forum
Forum Series
The annual international forum is our gala event of the year. It is the tiia platform for consensus-building with key audiences across-the-board among other functions such as information exchange, performance check, membership growth, as well as to showcase impact investment theories put to good use in practice. Ultimately, the annual tiia international forum is the world’s window on how tiia solidifies progress and development of impact investment in Taiwan in living up to the lofty vision ‘Private Capital, Public Good’while creating value for the SDGs.
Forum Series
The Forum Series is a bi-monthly tiia feature that explores relevant topics, eg. the eradication of hunger and poverty, gender equality, digital equal rights, energy efficiency, circular economies, etc.) Topics can be taken from different disciplines and categories to address asset (companies publicly listed or private), ecosystem, financial innovations, and/or the development and use of management assessment tools.
tiia welcomes the opportunity to cooperate with outside partners in organizing and curating audience-facing engagement to enhance positive public awareness of impact investment.
Knowledge Platform
Campus Tours
Impact investment has amassed an enormous wealth of trade-specific knowledge internationally in the past decade. It covers methodologies, analysis, tools, opportunities and risks, and cutting-edge innovations. It is an imperative for tiia to prioritize the introduction of such vital information, if we are serious about finding a firm footing for impact investment in Taiwan.
The tiia Reading Club and Knowledge Platform serves to introduce and agitate impact investment-themed literature and information to share, disseminate, and to impact by implementing the following.
Campus Tours
tiia plans on cooperating with universities, business communities, government agencies and financial institutions to conduct a sizeable lecture series and other crowd-facing activities themed on ‘Impact Investment for SDGs’and similar topics towards cultivating enthusiasm among the students and entice them to learn about tools and applications of the subject matter. Campus tours and other tactics such as competitions and courses will all be part and parcel of tiia’s ambitions as a trend-setting front-runner in launching certification programs in Taiwan for impact investment.
Publications
Research Projects
To author, translate, and publish titles on impact investment. In contrast to random individual articles publicised by the media, books on the subject matter can afford the depth required for systematic discourses. They can also become required reading as part of college syllabuses , besides being instrumental in serving as key references for general investors, investment professionals, as well as government agencies. They are practically building blocks for future development of impact investment.
tiia publications serve to
- Accumulate and disseminate trade-specific knowledge.
- Facilitate recognition and approval of impact investment.
Research Projects
tiia plans on securing institutional cooperations at home and abroad to research and develop domain intelligence and expertise for holistic future development of impact investment in Taiwan. Thus accordingly the scope will cover the ecosystem, organization structure, policies and governing laws, tools and applications, financial innovations, norms and standardization, etc., that are primarily more practical than theoretical. By way of such desired cooperations we hope to keep Taiwan internationally connected at all times in the space of impact investment. We further hope that solid studies on the subject matter will furbish Taiwan with a strong foundation to go for the potentials afforded by impact investment.
Taiwan Joins the Global Impact Movement: TIIA Becomes GSG Impact Special Taskforce
The Taiwan Impact Investing Association (TIIA) has been officially approved as a Special Taskforce Representative by the Global Steering Group for Impact Investment (GSG Impact). This milestone marks Taiwan’s formal entry into the global impact investing network, with 2025 declared as Taiwan’s “First Year of Impact Investing.”
What is GSG Impact
The Global Steering Group for Impact Investment (GSG Impact) is an independent global organization launched by the G8 in 2013. It operates in partnership with over 40 National Partners to build impact economies and create infrastructure and incentives that facilitate capital flow towards the SDGs and climate goals.
As GSG Impact CEO Elizabeth Boggs Davidsen shared in her 2025 message, “One beam – no matter how big – cannot support an entire house on its own”. Taiwan’s involvement brings new strength to the collective effort to drive policy innovation, knowledge sharing, and capital mobilization aligned with the UN Sustainable Development Goals.
Why This Matters
Being designated as the Special Taskforce means:
- International recognition of Taiwan’s momentum in building a purpose-driven finance ecosystem
- Access to GSG’s global platforms, strategic collaborations, and resources
- Influence in shaping global conversations on impact standards, policy, and finance
As local initiatives take place, Taiwan’s impact investing ecosystem is entering a phase of unprecedented growth. With this new role, TIIA will take on an expanded mission: linking Taiwan’s impact investing community to the global movement.