The Taiwan Depository and Clearing Corporation (TDCC) announced a new function in its TDCC’s e-passbook app, which aims to reduce the use of paper and help the environment. The new function allows users to check their balances at 14 banks and enables company shareholders to receive any letters about cash or stock dividends. There were more than 3.5 million users by the end of Dec 2022. Taiwan estimates it will save much paper if it changes to use e-notice for each investor, which gets more than two notices a year. TDCC also stated that there would be more functions to reduce paper use.
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