The Company attaches great important to the interaction with the residents in the neighborhood. We conduct regular environmental monitoring to let the stakeholders (community residents) understand that the environmental monitoring items meet the legal requirements. We invest in environmental protection and engage in good neighbor activities like community charity activities to reduce environmental safety risk of the neighbors, promote the interaction with the neighboring residents, and fulfill our corporate responsibility.
Tung Ho Steel Foundation
Tung Ho Steel has supported the cultural and artistic activities in Taiwan for a long time and established the Tung Ho Steel Foundation to enhance the cultural and artistic literacy of the public, promoting art education, the development of cultural and creative industries, and organizing or sponsoring a number of cultural and artistic activities to promote the combination of iron and steel industry and culture. We have actively organized the Artist Residency Program. We have invited artists to enter Miaoli Works for the creation of steel sculptures, which is one of the important cases of cooperation between enterprises and artists in Taiwan, and the works were also awarded the Best Creativity Award of the 10th Art & Business Awards by the Ministry of Culture.
Ho Chin Tui Foundation
Ho Chin Tui Foundation was established in 1975, and has been committed to rewarding young students excellent in conduct and learning as well as diligent students from disadvantaged families. Due to the changes in the social environment later on, it was rare for students to discontinue their studies for poverty. Therefore, Ho Chin Tui Award was set up in 1991 to provide rewards to outstanding scholars who have been making long-tern efforts and significant contributions to the development of the industries and economy in Taiwan in four major fields, including basic science (mathematical physics and biology), material science, metallurgy and environmental protection. Since 2006, the green building category has been also added, providing substantial rewards to those with outstanding achievements and contributions. The foundation was renamed in 2021, and it carries forward the purpose of the foundation to nourish great talents to encourage people to work hard, enjoy doing good deeds and promote talents, aiming at its sustainable development and expanding the scope of giving back to the society. The substantial rewards include the awarding of Medal of Honor and rewards of NTD 600,000. As of the end of 2022, there have been a cumulative of 174 winners of this award.
Tung Ho Steel not only is dedicated to the provision of high-quality products and services to our customers, but also participates in social welfare activities actively to fulfill its corporate responsibility. The Company participates in diverse public welfare activities, including educational sponsorship, academic awards, arts and humanities, major disaster relief and project donations. In 2022, the total donation of Tung Ho Steel totaled more than NTD 20 million, including the NTD 10 million in the Ukraine Child Rescue.