Corporate sustainability vision and goals

Corporate
Sustainability
Vision
Corporate sustainability vision and goals
CGPC’s sustainable vision is “Creating sustainable values and developing a sustainable society.” We strive to continuously create and consolidate sustainable value through our core capabilities, thus contributing to social sustainability. Through the three core strategies of the Company's sustainability vision: R&D and innovation, stable operation, and social inclusion are to co-create value with stakeholders and continuing to develop 7 key topics based on the core strategy, and jointly build on the foundation of honest and wise partners.

CGPC’s sustainable vision is set by the United Nations’ “Sustainable Development Goals” (SDGs) and disclosed and complies with GRI Standards 2021, Task Force on Climate-related Financial Disclosures (TCFD) and SASB Chemicals index table.
2021
Ranked among top 6–20% in the 8th Corporate Governance Evaluation.
Received the Platinum Award of 14th TCSA for the report - Comprehensive Performance: Taiwan Corporate Sustainability Excellence Award Single Performance Award–Innovative Growth and Leader Award 1st TSAA Taiwan Sustainable Action Award - Silver Award.
Served as the leader of the Safety and Health Family in Miaoli County and made donations for anti-pandemic efforts.
Continuously improved energy conservation and carbon reduction at three entities: Adopted AI in the process, used high-efficiency motors, replaced old refrigerators, replaced old air compressors, improved the electric heating of pipe-expanding machines, replaced packaged air conditioners, replaced old streetlights with LED ones.
Environmental Protection: Remediation of the drainage system, activated carbon fluidized bed.
Recognized by the Taipei City Government's Environmental Protection Bureau with an appreciation letter for "Excellence in Green Procurement."
Efforts have also been made to improve soil and groundwater resources through technological advancements and biological applications, as well as educational initiatives.
Passed the review for the Action Plan for Accelerated Investment by Domestic Corporations by the Investment Commission, MOEA.
Taiwan VCM was awarded the certificate of cancellation of management for remediation technology at polluted sites from the Environmental Protection Administration, Executive Yuan, and Director Chien, Hua-Yii was awarded the Outstanding Project Manager Award by the Taiwan Soil and Groundwater Environmental Protection Association.
2022
Ranked among top 6–20% in the 9th Corporate Governance Evaluation.
Selected as a constituent stock of the "Corporate Governance 100 Index.“
Received the Platinum Award in the 15th TCSA Report and the Overall Performance (Taiwan Top 100 Sustainable Exemplary Enterprises Award), as well as the Taiwan Sustainable Action Award (TSAA) in the 2nd edition, with a Silver Award in SDG 12 and a Bronze Award in SDG 6.
CGPC and CGPC Polymer implemented the ISO 14067 carbon footprint management system.
CGPC and Taiwan VCM included ISO 14064-1 greenhouse gas inventory - Scope 3 in the inventory; CGPC Polymer implemented ISO 14064-1.
We have adopted the Global Recycled Standard (GRS) to certify CGPC’s eco-friendly TPE leather products.
CGPC implemented ISO 46001 water resources and ISO 14046 water footprint management system.
The supervisors at CGPC, Taiwan VCM, and CGPC Polymer included ESG in the KPI evaluation.
Establishment of renewable energy facilities and purchase of green electricity Newly established an automatic storage AI system.
CGPC has updated the IEM Alkali Liquid Evaporator Renewal and Replacement Project (B0000200), and our first application for greenhouse gas reduction quota under this project was approved by the Environmental Protection Administration, and we were granted a reduction quota of 4,335 metric tons of CO2e.
Update 2 cracking furnaces (F-6201 and F-6202) in TVCM's Linyuan factory as part of the offset project (B0000210) and obtained approval from the Environmental Protection Agency for the first greenhouse gas reduction quota application, receiving a reduction quota of 3,129 metric tons CO2e.
Three plants have been continuously improving energy efficiency and reducing carbon emissions through the following measures: Replacement of high-efficiency dissolved air flotation blowers, implementation of AI energy-saving measures in processes, energy-saving coating for cracking furnaces, heat recovery in quench towers.
Environmental Protection: Remediation of the drainage system, construction of a new activated carbon fluidized bed, installation of a LDS System, smart pipeline inspection project.
Continued soil and groundwater environmental remediation efforts (enhancing technology and biological applications) and education.
2023
Ranked among the top 6–20% in the 10th Corporate Governance Evaluation.
Received the Platinum Award in the 16th TCSA Report and the Overall Performance (Taiwan Top 100 Sustainable Exemplary Enterprises Award), as well as the Taiwan Sustainable Action Award (TSAA) in the 3rd edition, with a Silver Award in SDG 6, a Bronze Award in SDG 12, and a Bronze Award in SDG 8.
Continued soil and groundwater environmental remediation efforts (enhancing technology and biological applications) and education.
Three plants have been continuously improving energy efficiency and reducing carbon emissions and environmental protection through the following measures: By integrating AI technologies, we have implemented several projects to enhance operational efficiency and safety.
These AI integration projects include: Phase 2 of the Dryer Process Optimization, and Establishment of AI Models for Lightweight Fractionation Tower. In addition, CGPC has installed a natural gas boiler, power monitoring of the major energy-consuming equipment at Linyuan factory, updated water purifiers, intelligent control of a 35-ton steam boiler (with the addition of a frequency converter and an intelligent control system), condensate recovery, construction of a wastewater sedimentation tank, D Set of compressors, 800RT refrigerators, energy-saving improvements to the external circulation pump of the chilled water system, cooling towers, etc.
Establish a computerized maintenance management system (CMMS) and introduce process safety management.
Participated in the “2023 Industrial Development Bureau, MOEA” Manufacturing Climate Change Adaptation and TCFD Demonstration Project and gave information.
The Company is obtained the “Cleaner Production Assessment System Certificate” on June 2024.
Our supply chain was invited to participate in the CDP questionnaire: Climate Change and Water Security, which received B- and B, respectively.
Bureau of Indian Standards (BIS) certified factory audits.
2024-2025
Three plants have been continuously improving energy efficiency and reducing carbon emissions through the following measures: Upgrading of propylene refrigeration units, replacement of high-efficiency pumps, ongoing implementation of process optimization with AI energy-saving measures, and more.
CGPC's PVC reactor replacement.
In collaboration with external consultants and industry-academia partnerships, incorporated AI-based intelligent technology and established an AIoT-enabled smart factory.
VCM Recycling System.
Continued soil and groundwater environmental remediation efforts (enhancing technology and biological applications) and education.
Sustainable development
To strengthen corporate governance, CGPC established the ESG Committee, and which was upgraded to a functional committee as the dedicated unit to prompt sustainable development. The organizational structure and responsibilities are as shown in the figure:

The board of directors of CGPC has approved the appointment of two independent directors, ZHENG, YING-BIN and HSU, CHEN-I, as members of the sustainable development committee on June 22, 2022.
Hu, Chi-Hung EVP of CGPC, took over as President of CGPC and served as the Vice Chairperson of the Sustainable Development Committee from April 1, 2024.
On May 28, 2024, the shareholders' meeting approved the addition of an independent director: Ms. Chang, Zhen-Ming serves as a member of the Sustainable Development Committee.
ESG Committee Performance Evaluation
The performance evaluation of CGPC’s ESG Committee uses an internal questionnaire to be self-evaluated by each committee member and has completed in January, 2024 (the evaluation period is from January 1 to December 31, 2023). The results of this questionnaire are for all major aspects. all are in good condition. The results has reported to the board of directors in March, 2024 as a reference for review and improvement. The 2023 ESG Committee performance evaluation results are summarized as follows:
Sustainability Committee Assessment
Orientation
Score
(Note)
Evaluation result
Participation in company operations 4.75 The average score of each aspect of the Sustainable Development Committee reached 4.94 points, and the overall evaluation result was good.
Understanding of Responsibilities of the Sustainability Committee 5.00
Improve the decision-making quality of the Sustainable Development Committee 5.00
Composition and selection of members of the Sustainable Development Committee 5.00
Note:
The evaluation score is expressed in the range of 0 to 5 points, with a full score of 5 points. The evaluation period is from 2023/01/01 to 12/31.
Sustainable Performance
The ESG Committee conducts at least twice meetings a year and report to the board of director with "Environmental", "Social" and "Governance" three aspect including implementing plan, the promotion plan of management policy and implementation status of goal. The board of director is responsible for supervising, auditing the progress and providing strategic guidance.
  • Name of Committee
  • Duties/ Functions
  • Operation and communication status
  • Description of Implementation status of Sustainability development and plan
  • ESG Committee
  • Formulate a sustainable development policy.
    Supervise the implementation of strategic planning of sustainable development, annual plan and project plans and evaluate the status of implementation.
    Review the ESG Report.
    Report the annual implementation results of sustainable development to the board every year.
  • 1. The third term of office is from June 2, 2022, to May 29, 2025, and the 4 committee members include the chairman, the vice-chairman who concurrently serves as the president, independent directors Ying-Pin Cheng and Cheng-Yi Hsu.
    2. The ESG Committee conducts at least 2 meetings a year. In 2022, there were 2 meetings and the attendance of committee members in person was 100%.
    3. Hu, Chi-Hung EVP of CGPC, took over as President of CGPC and served as the Vice Chairperson of the Sustainable Development Committee from April 1, 2024.
    4. On May 28, 2024, the shareholders' eeting approved the addition of an independent director: Ms. Chang, Zhen-Ming serves as a member of the Sustainable Development Committee.

    The committee meetings on the official website for details
  • 2023 annual report implementation key points and future plans
    1. 2022 Sustainability Report on the progress and implementation results (report on issues of concern to stakeholders, communication channels and response methods)
    2. 2022 sustainable development implementation results and future promotion goals.
    3. Greenhouse gas inventory and assurance implementation status.
    4. With reference to the Taiwan Stock Exchange Co., Ltd.'s Taiwan Securities Exchange No. 11100243661 issued on December 23, 2022 to amend the "Practical Code for Sustainable Development of Listed Over-the-Counter Companies" and in accordance with practical operations, the company's "Practical Code for Sustainable Development" was revised. "Part of the provisions.
    5. Amend some provisions of the company's "Organizational Rules of the Sustainable Development Committee".

    2024 annual report implementation key points and future plans
    1. 2023 Sustainability Report on the progress and implementation results (report on issues of concern to stakeholders, communication channels and response methods)
    2. 2022 sustainable development implementation results and future promotion goals.
    3. Greenhouse gas inventory and assurance implementation status.
    4. Amend some provisions of the company's "Organizational Rules of the Sustainable Development Committee".
CGPC's Corporate Social Responsibility (CSR) foundation is built on sustainable development, business strategy, and corporate culture, and incorporates stakeholder concerns into decision-making. And we review and analysis the results of major issues and then examining the implementation status annually. With a focus on stakeholders’ issues of concern, we continue to implement corporate sustainable development strategies in various aspects, including climate change and energy management, corporate governance, environmental protection, employee-caring, supply chain management, and social participation, and we periodically report it to the “ESG committee”.
  • Climate change
  • Corporate governance
  • Environmental protection
  • Supply-chain management
  • Employee-caring
  • Social participation
ESG Committee meeting minutes
(Approved by Board of Directors )
  • Year
  • First meeting
  • Second meeting
  • Third meeting
  • 2023
  • 2022
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