Sustainable Operation

 

Key Performance in 2023

Environment

  • VOCs emissions were reduced by 27.29%.
  • The waste generation was reduced by 10.07%.
  • Solar power generation reached 3.07 million kWh, reducing carbon emissions by approximately 1,520 tons-equivalent to planting around 150,000 trees.

Society

  • The total amount of social welfare contribution was NT$5,190,000.
  • The amount of employee welfare benefits increased by 22%.
  • Training expenses increased by 112%, the average training cost per person was 2.3 times higher, and the average training hours increased by 74%.

Governance

  • The first time profit exceeded NT$2 billion, EPS exceeded NT$20, and consecutive growth in revenue and profit for 4 years.
  • Approximately 85% of employees participated in educational training of integrity management related programs.

Exclusively (Concurrently) Unit

The Board of Directors is the highest supervisory unit of climate change management, responsible for reviewing annual risk management reports, implementation reports, and audit reports to ensure the effectiveness of the climate-related risk management system. The ESG working group comprises the heads of various departments and is overseen by the Board of Directors for its promotion of sustainable development. Each department head, based on the principle of materiality, conducts risk assessments on environmental, social, or corporate governance issues related to the company's operations, formulates relevant risk management policies or strategies, and implement sustainability and climate change projects approved by the Board and committees.

Risk Assessment

The Board of the Company has established a risk management mechanism to regularly review the risks related to finance, laws and regulations, water / electricity resources, industrial supply chain, information security and occupational safety and health, so as to improve its competitiveness in the industry. In principal, the scope of risk management includes the Company and its all subsidiaries. The risk management process mainly encompasses risk identification, risk assessment and risk response.

Management Policies/Strategies

In view of the principle of materiality, the scope of the following material topics is mainly the Company. The key points of the related risk management policies or strategies are summarized as follows:

Major Issues

Risk Assessment

Description

Environmental issues

Climate Change and Environmental Risk

The Company is devoted to establishing a production process that complies with regulations and reduces resource consumption. In order to achieve the eco-friendly objective, the Company conducts industrial and safety hygiene management and regularly monitors the implementation to effectively reduce pollution emissions. Moreover, the Company is studying the possibilities of using different materials during the manufacturing process to reduce the yacht weight without compromising safety and further to lower energy consumption.

Social issues

Occupational Safety Risk

The Company has listed “improving occupational safety and health management" as a key item in the social issues. The relevant management policies include continuously improving the work environment, routine inspection on the conduct and working environment of employees and subcontractors by on-site supervisors, holding fire safety and occupational health training annually. The goal is to improve employees’ safety awareness and the ability to deal with any contingency.

Corporate governance issues

Legal Risk

The internal controls of the Company are strictly carried out and serve as guidance for employees to conduct themselves in accordance with laws and regulations and ethical standards to ensure laws and regulations are fully complied with and the Company is legally operated.

Strategy and Operation Risks

Management team regularly reports strategic issues to the Board to reduce risks through the participation, supervision and advice of the directors.

Consistent Information

The Company has established various investors/stakeholders communication channels. The spokesperson and investor relations officer actively communicate with the investors/stakeholders and respond to their questions to avoid the misunderstanding and to prohibit any information asymmetry.

Reported to the Board of Directors

The ESG working group reports on the progress of sustainability initiatives to the Board of Directors annually. In 2024, the ESG working group reported to the Boards 4 times on the greenhouse gas inventory and reviewed and approved the 2023 Sustainability Report. In the future, the Company will follow relevant laws and report to the Boards regularly or irregularly as necessary.

Board of Directors Oversight

The Board amended “Sustainable Development Best Practice Principles” in Mar. 9th 2022. The Company regularly and irregularly reports to the Board regarding operations, finance, corporate governance and other related issues. Through the diverse experience of its members, the Board offers broad and professional opinions to assist the Company in making appropriate decisions.

Attached Files:

ESG Report