The purpose of this study is to explore the correlation between the characteristics of the board of directors and the release of TCFD reports, and the analysis sample is composed of propensity score pairing method (PSM) to reduce the selection bias of listed companies in the electronics industry from 2018 to 2023. The results show that electronics companies with audit committees and a higher proportion of independent directors are more willing to publish TCFD reports, indicating that the establishment of audit committees and the addition of independent directors are conducive to the voluntary release of climate-related financial information. In addition, the study also found that shareholder directors with larger shareholdings were more likely not to publish TCFD reports. Based on this, this study suggests that relevant policy units should amend the regulations or adopt a voluntary approach to encourage voluntary compliance, and gradually increase the proportion of independent directors on the board of directors to safeguard the public interest.
