Sustainable Management
Sustainable Development Policy
| Sustainable Development Policy | |
|---|---|
| In accordance with the Sustainable Development Best Practice Principles, Tung Ho Steel established the following Sustainable Development Policy, which was approved in the 18th meeting of the 23rd session of Board of Directors on December 31, 2019. | |
| Integrity Governance | Implement corporate governance, establish high-quality corporate culture, and work for corporate integrity management. |
| Economic Sustainability | Innovative technical services, enhance operating performance, maintain stable profitability and work for sustainable operations. |
| Environmental Protection | Actively respond to climate change, promote circular use of resources, continue to reduce waste, energy use and carbon emissions and work for the implementation of environmental protection. |
| Friendly Workplace | Establish a sound and complete system and harmonious labor-employment relations, and create a safe and friendly workplace environment. |
| Social Prosperity | Reward academic and humanistic development, pay attention to social issues, actively participate in public welfare activities and work for social prosperity. |
Organizational Structure of Sustainable Development
The Sustainable Development Committee of the board of directors of the Company is in charge of the decision-making and supervision of sustainable development related work, under which are the Environmental Sustainability Group, Corporate Social Responsibility Group, and Corporate Governance Group. The corresponding departments of each group regularly conduct identification discussions concerning the stakeholders related to its operations. The Administration Dept. is in charge of secretarial affairs, including overall planning, communication integration, data compilation, and editing and revision of the Sustainability Report.
The responsibilities of the Sustainable Development Committee cover the formulation, oversight, and review of management policies, systems, and objectives related to environmental sustainability (including climate change management, water resource management), sustainable development policies, systems, corporate social responsibility, corporate governance, integrity management, and risk management. A report or resolution shall be submitted to the Board of Directors at least once a year.
To ensure that the Sustainable Report issued by Tung Ho Steel conformed to GRI requirements and the prescriptions of Taiwan Stock Exchange Corporation Rules Governing the Preparation and Filing of Sustainability Reports by TWSE Listed Companies, the Rules Governing the Preparation and Internal Verification and Validation of Sustainability Reports was passed on April, 2024, and the internal verification operation of the Report is conducted annually to serve as a basis for the preparation, international verification and validation related work.
The Company attaches great importance to the disclosure of sustainability-related information in the environmental, social, and governance aspects. We have passed a resolution to add sustainability information-related management operations in the internal control system in the 12th board meeting of the 25th Board of Directors dated on October 29, 2024, and listed it as an audit item in our 2025 audit plan in accordance with the Regulations Governing Establishment of Internal Control Systems by Public Companies to ensure that the Company’s management and disclosure of sustainability information are accurate, complete, and consistent.
Education and training on the current ESG condition and trends was conducted in December, 2024, and the content included sustainable development and challenges, international trends, current legal prescriptions, introduction of revision of GRI Standards for topics and so on. In addition, meetings for stakeholder identification and questionnaire distribution were held. After data collection, meetings for group discussion and first draft discussion were convened in March, 2025. The verification team conducted the internal verification operation, and the Report was verified by an impartial third party. The issuance of this 2024 Corporate Sustainability Report was reported to the 4th meeting of the 3th Session of Corporate Governance and Nominating Committee and the 15th meeting of the 25th Session of Board of Directors in May, 2025, and the content included the communication status with the stakeholders, the material topics, performance, and the requirements of the competent authorities. The Report was assured by independent and credible British Standards Institution (BSI) for the verification of this Sustainable Report and was issued upon the approval of the chairman.
