2025/06/12
Coretronic Achieved the Top 5% Corporate Governance Evaluation among TPEx-Listed Companies for 11th Consecutive Year
The Taiwan Stock Exchange Corporation (TWSE) and Taipei Exchange (TPEx) have announced the results of the 11th Corporate Governance Evaluation and presented awards to the companies on June 12. Coretronic (5371.TW), a corporate governance exemplary performer, has stood out from 1,754 listed companies. It has been awarded the top 5% ranking among TWSE-listed and TPEx-listed companies for the 11th consecutive year, showing its outstanding ability in governance. The CFO, as well as the ESG Committee member, Franck Ho, represented the Company to receive the award.
This year’s Corporate Governance Evaluation assessed companies’ governance performance across 4 key aspects: “Protecting Shareholders’ Rights and Treating Shareholders Equitably”, “Enhancing Board Composition and Operation”, “Increasing Information Transparency”, and “Promoting Sustainable Development”, with 75 indicators. Compared to last year, the TWSE increased the indicators and the weight of the “Promoting Sustainable Development” aspect, for which Coretronic achieved a perfect score. It demonstrates the Company’s active effort and deep commitment to sustainability. This year’s evaluation included a total of 1,754 companies, comprising 976 TWSE-listed companies and 778 TPEx-listed companies, representing an increase of 48 companies compared to the previous evaluation, making the competition even more intense. Among the 39 TPEx-listed companies in the top 5%, Coretronic and 7 other companies have remained in the top 5% for 11 consecutive years. Despite the competition becoming more intense, Coretronic has continued to perform excellently, demonstrating its leading position and long-term commitment to corporate governance.
Coretronic follows the “Corporate Governance Best Practice Principles” as its framework, and strictly complies with relevant regulations in corporate governance and internal management mechanisms, fully implements information transparency, and strengthens oversight and management of operations through the Board of Directors, Audit Committee, Remuneration Committee, and Nomination Committee. To further strengthen the association between business operations and sustainability, the Company officially included sustainability performance as one of the key performance indicators (KPIs) for senior management in 2024. KPI scores for senior executives are now calculated based on sustainability indicators in the areas of governance, environmental, and society. The results of ESG performance-linked compensation for senior executives are expected to be released this year. In addition, the Company has indicated in several indexes, such as the “TPEx FactSet Climate Resilience Index”, “TIP TPEx ESG HD TR Index”, “TIP TPEx ESG 30 Index”, “TIP TPEx ESG ML Total Return Index”, “Labor Employment 88 Index”, and “Compensation Index”. Furthermore, Coretronic has been honored with numerous governance-related awards, including the “TPEx Governance Leadership Award”, Taiwan Corporate Sustainability Awards (TCSA) “Sustainability Report Awards—Platinum Award”, “Top 100 Sustainability Corporation”, “Transparency and Integrity Leadership Award”, and CommonWealth “Excellence in Corporate Social Responsibility Award”, fully demonstrating the Company’s benchmark position in corporate governance and sustainable competitiveness.
In response to the global net-zero trend, the Chairman serves as the Committee Chair to oversee the ESG Committee, integrating the Environmental Protection Committee, the Sustainable Energy Committee, and the TCFD Team. Following international sustainability standards, the Company formulates concrete sustainability goals and promotes related strategies. The ESG Committee regularly reports to the Board of Directors on the implementation of sustainability initiatives and greenhouse gas inventory, and submits annual material topics and the sustainability report to the Board for review and approval, demonstrating transparency in corporate governance and a firm commitment to sustainability. Additionally, Coretronic formally obtained approval for the Science Based Targets initiative (SBTi), committing to “Reduce absolute scope 1 and 2 GHG emissions 50.4% by 2032 from a 2021 base year, and reduce absolute scope 3 GHG emissions 30% within the same timeframe.” By the end of 2024, Scope 1 and Scope 2 absolute emissions had already been reduced by 51% compared to the base year—exceeding expectations and steadily advancing toward the 2050 net-zero goal. In the same year, the Company became a CDP A List company with double A ratings in both Climate Change and Water Security questionnaires, underscoring Coretronic’s outstanding performance in climate governance and sustainability practices.
Looking to the future, Coretronic will continue to drive transformation and innovation, centering its sustainability development and SBT carbon reduction pathways on green product development. By collaborating with supply chain partners and international climate action initiatives, the Company is building a resilient green value chain and advancing low-carbon transition in pursuit of the United Nations Sustainable Development Goals (SDGs). Coretronic remains committed to amplifying its positive impact and contributing to the creation of a sustainable future.
This year’s Corporate Governance Evaluation assessed companies’ governance performance across 4 key aspects: “Protecting Shareholders’ Rights and Treating Shareholders Equitably”, “Enhancing Board Composition and Operation”, “Increasing Information Transparency”, and “Promoting Sustainable Development”, with 75 indicators. Compared to last year, the TWSE increased the indicators and the weight of the “Promoting Sustainable Development” aspect, for which Coretronic achieved a perfect score. It demonstrates the Company’s active effort and deep commitment to sustainability. This year’s evaluation included a total of 1,754 companies, comprising 976 TWSE-listed companies and 778 TPEx-listed companies, representing an increase of 48 companies compared to the previous evaluation, making the competition even more intense. Among the 39 TPEx-listed companies in the top 5%, Coretronic and 7 other companies have remained in the top 5% for 11 consecutive years. Despite the competition becoming more intense, Coretronic has continued to perform excellently, demonstrating its leading position and long-term commitment to corporate governance.
Coretronic follows the “Corporate Governance Best Practice Principles” as its framework, and strictly complies with relevant regulations in corporate governance and internal management mechanisms, fully implements information transparency, and strengthens oversight and management of operations through the Board of Directors, Audit Committee, Remuneration Committee, and Nomination Committee. To further strengthen the association between business operations and sustainability, the Company officially included sustainability performance as one of the key performance indicators (KPIs) for senior management in 2024. KPI scores for senior executives are now calculated based on sustainability indicators in the areas of governance, environmental, and society. The results of ESG performance-linked compensation for senior executives are expected to be released this year. In addition, the Company has indicated in several indexes, such as the “TPEx FactSet Climate Resilience Index”, “TIP TPEx ESG HD TR Index”, “TIP TPEx ESG 30 Index”, “TIP TPEx ESG ML Total Return Index”, “Labor Employment 88 Index”, and “Compensation Index”. Furthermore, Coretronic has been honored with numerous governance-related awards, including the “TPEx Governance Leadership Award”, Taiwan Corporate Sustainability Awards (TCSA) “Sustainability Report Awards—Platinum Award”, “Top 100 Sustainability Corporation”, “Transparency and Integrity Leadership Award”, and CommonWealth “Excellence in Corporate Social Responsibility Award”, fully demonstrating the Company’s benchmark position in corporate governance and sustainable competitiveness.
In response to the global net-zero trend, the Chairman serves as the Committee Chair to oversee the ESG Committee, integrating the Environmental Protection Committee, the Sustainable Energy Committee, and the TCFD Team. Following international sustainability standards, the Company formulates concrete sustainability goals and promotes related strategies. The ESG Committee regularly reports to the Board of Directors on the implementation of sustainability initiatives and greenhouse gas inventory, and submits annual material topics and the sustainability report to the Board for review and approval, demonstrating transparency in corporate governance and a firm commitment to sustainability. Additionally, Coretronic formally obtained approval for the Science Based Targets initiative (SBTi), committing to “Reduce absolute scope 1 and 2 GHG emissions 50.4% by 2032 from a 2021 base year, and reduce absolute scope 3 GHG emissions 30% within the same timeframe.” By the end of 2024, Scope 1 and Scope 2 absolute emissions had already been reduced by 51% compared to the base year—exceeding expectations and steadily advancing toward the 2050 net-zero goal. In the same year, the Company became a CDP A List company with double A ratings in both Climate Change and Water Security questionnaires, underscoring Coretronic’s outstanding performance in climate governance and sustainability practices.
Looking to the future, Coretronic will continue to drive transformation and innovation, centering its sustainability development and SBT carbon reduction pathways on green product development. By collaborating with supply chain partners and international climate action initiatives, the Company is building a resilient green value chain and advancing low-carbon transition in pursuit of the United Nations Sustainable Development Goals (SDGs). Coretronic remains committed to amplifying its positive impact and contributing to the creation of a sustainable future.
