In 2019, Hon Chuan established the Corporate Social Responsibility (CSR) Committee to formulate sustainable development policies and drive related implementation plans. The Company aimed not only to pursue operational performance and profitability but also to protect stakeholders' interests and prioritize environmental, social, and governance (ESG) issues. Integrate them into its management policies and business operations. In 2021, the Committee was renamed the Corporate Sustainability Committee, focusing on strategies for environment, social engagement, and governance. Enhance sustainability development, corporate governance, and information transparency as primary targets. The Board of Directors decided to take direct control of the Committee and the consists of five members under the appointment of board resolution on May 31, 2024, at least half (three) of the members shall be independent directors.
Sustainable Development Structure
The Sustainable Development Committee is led by the Chairman and General Manager of THC, and the General Administration Department is responsible for holding meetings, collecting information, and reporting to the Board. Under the committee are four teams: Corporate Management Team, Sustainable Environment Team, Products and Services Team, and Employees/Social Care Team. The committee engages in dialogue and carries out various initiatives with stakeholders sharing their concerns with their respective responsibilities. Externally, the Sustainable Development Committee oversees this report's review, third-party certification, and publication. The committee will hold regular sustainable development meetings to draw up the Company's annual implementation objectives and plans and track implementation performance. We issue an ESG Report every year to meet the expectations of governments, capital markets, supply chains, and other stakeholders regarding the sustainable development of THC.
