||This study investigates the impact of ESG on stock prices for finance holding companies during the epidemic. ESG has been used as a criteria indicator for investment nowadays. Many governments have also proposed standards and laws to issue ESG’s important in current corporate operations. However, the suddenly coming of the COVID-19 could be a time point to examine the effects of ESG. This research examines Taiwan’s finance holding companies by using the Taiwan ESG score data in 2018 to 2021, the company data from Taiwan Economic Journal and Taiwan Financial Supervisory Commission, COVID-19 data from Taiwan Ministry of Health and Welfare, and macro-economic data from Taiwan DGBAS. The results show that the ESG has a significant and positive impact on the finance holding company’s revenue. It’s found that Taiwan has a smaller negative impact on the finance holding company’s revenue when the epidemic is well controlled. In terms of stock price, the results show that the stock price of finance holding companies inside the ESG rating list will be significantly higher than those are not on the list. This shows that when market risks occur, the degree of ESG can be regarded as an important indicator for investors’ concern.