Policy and Organization

Sustainable development is ingrained in CTCI's DNA. The Group has established a CSR Committee as early as 2008 and has defined its corporate social responsibilities (CSR) policies, which are dedicated to strengthen the company's operations, realize the green engineering vision, and fulfill the duties as a social citizen. In 2014, the Board of Directors also approved the "CTCI Sustainable Development Best Practice Principles" as the fundamental principles to promote sustainable development and to continuously improve the results in every aspect. In order to continuously promote sustainable development, CTCI established a functional committee called "ESG Committee" under the Board of Directors in 2021 and renamed it as "ESG & Net Zero Committee" for better quality and performance of decision making, greater capacity for ESG & Net Zero development. The Committee is responsible for 
1) formulating sustainable development policies, sustainable development goals and strategies, and implementation plans;
2) reviewing, tracking and revising the implementation and effectiveness of sustainable development; and 
3) reporting to the Board of Directors on a regular basis. 
　
The Committee meets at least once a year and as often as necessary. In 2022, the Committee held the regular meeting on December 16 with Evon Chen, independent director, assuming the role of the convener while Yancey Hai, director, and Michael Yang, Chairman at CTCI Corporation assuming the role of the supervisors. In addition to reporting the sustainable performance in that year, committee approved to rename the "CTCI Corporate Social Responsibility Best Practice Principles" as "CTCI Sustainable Development Best Practice Principles" to meet the requirements of the TWSE and international development trends. Besides, CTCI set up a group-level ESG office and appointed a dedicated Chief Sustainability Officer, who is responsible for 
1) formulating strategies, planning actions, pursuing affairs on sustainable development and net zero emissions;
2) jointly promoting environment protection, social participation and corporate governance with the ESG & Net Zero task force; 
3) making overall plans on the control and accountability of five major fields, which include policy, system, engagement, disclosure, and progress; 
4) tracking and reviewing the progress and effectiveness of sustainable development and net zero emissions; 
5) reporting to the monthly Group-wide ESG & Net Zero Meeting under the supervision of the Superintendent of Sustainable Development; and 
6) reporting to the Group Chairman for ongoing tracking and improvement.

Terms of reference of the ESG & Net Zero Committee

The formulation of the company's policy on sustainable and net zero emission development.
The company's sustainable development includes sustainable governance, integrity management, environmental and social objectives, and strategy and implementation plan development.
Review, track and revise the implementation and effectiveness of the company's sustainable development & net zero emission, and report to the Board of Directors on a regular basis.
Address the concerns of various stakeholders and oversee the communication plans. Stakeholders include inventors, customers, suppliers, employees, the government, non-profit organizations, communities, and the media.

▼ ESG Task Force

▼ CTCI ESG policy statement

Fulfilling corporate social responsibilities with due faith has always been a target of this company's operations. Apart from pursuing maximum profits for CTCI’s shareholders, the Company also aims to attend to the rights of the stakeholders, conforms to the ethical codes, and mitigates climate change impact by promoting energy saving and carbon reduction. Through these actions, CTCI hopes that it can help create a society that is just and fair jointly with the stakeholders, as well as a sustainable living environment. Based on such visions, CTCI tries to promote ESG through three aspects, which are "Operations and Governance," "Environmental Protection," and "Social Participation." This is how CTCI commits to strengthen organizational structure, realize the vision of green engineering, and assume the duties as a corporate citizen.