Sustainable Development Committee

THC strives towards our enterprise purposes:“ acquiring good business reputation, developing global markets, respecting our clients, caring for our employees, and fulfilling our social responsibilities. ” In addition to pursuing stable growth, THC attaches importance to corporate social responsibility, which is the responsibility of being a corporate citizen. Thus , we have formulated the “Sustainable Development Best Practice Principles” on November 12, 2015 and established the “ Corporate Social Responsibility Committee” in October 2019. It is responsible for formulating sustainable development policies, promotion plans, and valuing environmental, social and corporate governance issues. To cope with Corporate Governance 3.0 - Sustainable Development Blueprint issued by Financial Supervisory Commission R.O.C., the Company “Corporate Social Responsibility Committee ” was renamed “Sustainable Development Committee” on May 2021. It will continues promoting ESG (Environment, Social, Governance), enhancing sustainable development capability, maintaining the Company’s corporate image, and fulfilling corporate social responsibility as our focus of goals.

Sustainable Development Structure

The Sustainable Development Committee is led by the CEO and Chairman 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.

Promote sustainable development and supervision

Our board of directors values the issue of environmental protection and climate change. The CEO and chairman lead the ESG Committee to set objectives, execute, and review results. Externally, the Committee coordinates the review, third-party certification, and release of ESG reports. After completing the report, the Promotion Chair confirms the ESG report and reports to the board of directors. The Committee will hold regular, sustainable development meetings to draw up the Company's annual implementation objectives and plans and track implementation performance.

The 2023 implementation will be reported to the Board of Directors on March, 2024. In order to cope with the impacts of climate change, they suggested that the company should actively promote a GHG inventory program and energy management.

In 2023, we focused primarily on ESG issues in the Sustainable Development Committee meeting :

  1. Climate change management (including the Greenhouse Gas Inventory program and carbon footprint)
  2. Occupational safety and Environmental management measures
  3. Stakeholder Engagement
  4. TCFD survey and risk and opportunities analysis
  5. Setting goals on significant topic
  6. Making sustainability disclosures.

During the 2023 Board of Directors meetings, the following ESG resolutions and reports were approved:

March 10

  1. Approval of amendments to the company's "Articles of Incorporation."
  2. Approval of amendments to the company's "Rules and Procedures for Meetings of the Board of Directors."
  3. Approval of amendments to the company's "Corporate Governance Best Practice Principles."
  4. Approval of amendments to the company's "Sustainable Development Best Practice Principles."
  5. Approval of amendments to the company's "Rules and Procedures for Shareholders' Meeting."
  6. A report of the implementation of ethical business practices in 2022.
  7. A report of the planning of greenhouse gas inventory and verification schedules for the group, including subsidiaries.

April 18

  1. Approval of amendments to the company's "Rules and Procedures for Shareholders' Meeting."
  2. Approval of stipulation of "Rules Governing Financial and Business Matters Between this Corporation and its Affiliated Enterprises."

May 9

  1. A report of the planning of greenhouse gas inventory and verification schedules for the group, including subsidiaries.

June 9

  1. A report of the company’s ESG achievements in 2022 that summarized, key points on stakeholder concerns and the operation of risk management for the Board of Directors.

August 10

  1. A report of the planning of greenhouse gas inventory and verification schedules for the group, including subsidiaries.
  2. Approval of stipulation of "Rules Governing the Preparation and Filing of Sustainability Reports."

November 10

  1. A report of the planning of greenhouse gas inventory and verification schedules for the group, including subsidiaries.
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ESG Report Scope and Boundary

The disclosed financial data in this report is derived from THC individual financial statements, and has been audited and certified by Deloitte & Touche LLP in accordance with International Financial Reporting Standards.

The disclosed financial data in the specific chapter of this report is derived from THC consolidated financial statements. Environmental data disclosure is a major Taiwan area as scope and boundary.

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