Issue Date：Aaugust 3, 2023
ESG Committee
To implement ESG, the CSR Committee was established in 2008, and was renamed to ESG Committee in 2020. According to “Sustainable Development Guidelines” approved by BOD, the committee is chaired by the Chairman of Coretronic, with presidents and the CFO as members and the spokesperson as the management representative. The ESG Committee also authorizes the executive representative of economic, social, and environmental departments to assist with ESG promotion.
Currently, the ESG Committee is an independently operated unit and the management team regularly reports the implementation of ESG to the Board of Directors every year. The management team makes plans and sets goals for ESG, and regularly reviews the performance. The Board of Directors also regularly reviews and supervises the implementation of sustainable development, and urges the management team to improve when it is necessary.
The Operation of ESG Committee
- Committee members and executive representatives review the implementation and outcomes of sustainability on a quarterly basis through briefings. Quarterly meetings are held with the ESG team, where executive representatives and ESG team members attend. Discussions are held regarding the annual ESG report published that year and various sustainability awards to formulate the sustainability plans and goals for the following year.
- The management representative reports the progress of annual plan execution to the Chairman of the Committee, committee members, and executive representatives on a quarterly basis. They also present the annual sustainability achievements and the key sustainability focus areas and plans for the next year at the annual group meeting.
- Committee members and executive representatives- the CFO reports to the Board of Directors annually. The report includes the accomplishments of sustainability projects, the climate change risk management framework and response strategies (TCFD), various environmental indicators, net-zero pathways, renewable energy strategies, and future directions for sustainable development.
- We formulate sustainable policies in accordance with international and government regulations and provide training courses to the members of ESG Team to enhance their implementation of sustainability strategies.
- The annual ESG report is compiled by the ESG Team, then submitted to the management representatives, executive representatives, and committee members for revision in sequence, and then submitted to the Chairman for review and final issue.
The Members and Structure of ESG Committee
Chairman
CEO
Management Representative
Spokesperson
Member of Committee
Presidents and CFO
Executive Representative
Heads of Business Resource Center and CFO
ESG Report Approver
CEO
ESG Strategy
Coretronic is the lighthouse of the hopes. Based on glorious performance, we light up the society and green the environment, so as to wish everyone a sustainable and bright future.
According to the core competence, SDGs, international ESG standards and initiatives, sustainability trends, social requirements, and industry-specific and stakeholders’ concerns, we have categorized our sustainability strategies into three sectors: Environmental, Social, and Governance. Through the collaborative efforts of our ESG Committee, Environmental Protection Committee, Firefly Volunteer Team, and other related organizations, we are devoted to developing, promoting, and implementing ESG projects and strategies. Our goal is to integrate our core competence with the collaboration of stakeholders to create mutually beneficial and sustainable partnerships between our company and society.
ESG Milestone
- Published CSR Report since 2008.
- Established the CSR Committee in 2008.
- Execute numerous charitable activities.
- Comply with the labor, environmental protection, and governance regulations.
- Established the Coretronic Culture and Arts Foundation (CCAF) in 2010 and developed a series of "Light Sense Light-City Projects" based on the theme: Light Up Taiwan Culture.
- BOD passed the Corporate Social Responsibility Best Practice Principles in 2014.
- Participate in indicative CSR awards.
- Make society better with optics core expertise.
- Reorganize the CSR Committee.
- Established the Environmental Protection Committee in 2015 to actively promote energy conservation and carbon reduction strategies.
- Actively participate in and won numerous CSR and sustainability related awards.
- Actively plan annual CSR strategies and activities.
- Obtain AA1000AS Type 1, Medium Level Assurance to improve the completeness and reliability of information disclosed in the CSR report.
- Promote CSR from inside out (form the Firefly Volunteer Team, employees voluntarily and personally participate in charitable activities, actively participate in external forums and seminars).
- Ally with global partners (local communities, NGOs, and social enterprises) to promote more long-lasting CSR-related activities with broader influence.
- Started "Light Pioneer" to narrow digital divide based on our core competence and products in 2017.
- Established the Risk Management Team in 2018.
- Set up the comprehensive regulations of volunteers.
- Started "Dream Walker" to encourage more employees to plan and participate ESG plans in 2018.
- Promote ESG projects and plans with customers, suppliers, social enterprise and NGOs.
- Obtain AA1000AS Type 2, High Level Assurance to enhance the completeness and reliability of information disclosed in the ESG report.
- Published ESG quarterly e-newsletter and video clips to promote ESG performance.
- Renamed CSR Committee to ESG Committee in 2020.
- Participate in international ESG awards and recognitions.
- Set the carbon reduction targets in 2021.
- Established the Sustainable Energy Committee in 2021.
- Support TCFD, SASB, SBT and CDP.
