ESG

Policy and Organization

Sustainable development is ingrained in CTCI's DNA. We have established a CSR Committee as early as 2008 and have defined our corporate social responsibilities (CSR) policies, which are dedicated to strengthen the company's operations, realize the green engineering vision, and fulfill our 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 to "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 2021, the Committee held the regular meeting on December 10 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. Besides, we set up a group-level ESG & Net Zero office and appointed a dedicated ESG officer, responsible for 
1) formulating strategies, planning actions, pursuing affairs on sustainable development and Net Zero emission; 
2) jointly promoting environment protection, social participation and corporate governance with ESG & Net Zero task force; 
3) making overall planning on the control and accountability of five major fields: policy, system, engagement, disclosure, and progress; 
4) tracking and reviewing the progress and effectiveness of sustainable development and Net Zero emission; 
5) reporting to the monthly group ESG & Net Zero meeting under the supervision of the President; 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, including shareholders, customers, suppliers, employees, the government, non-profit organizations, communities, and the media, and overseecommunication plans.

▼ ESG Task Force

▼ CTCI ESG policy statement

Fulfilling corporate social responsibilities with due faith has always been a target of our company's operations. Apart from pursuing maximum profits for our shareholders, we also aim to attend to the rights of the stakeholders, conform to the ethical codes, and mitigate climate change impact by promoting energy saving and carbon reduction. Through these actions, we hope that we 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, we try to promote ESG through three aspects, which are "Operations and Governance," "Social Participation," and "Environmental Protection." This is how we commit to strengthening organizational structure, assume our duties as a corporate citizen, and realize environmental protection.