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Sustainable Governance at Taiwan Sugar

      TSC’s main operations are in sugar industry. However, in recent years, climate change has caused extreme weather conditions and affected TSC’s operations and the supply of raw materials. Therefore, Taiwan Sugar actively engages in transformation, working toward reaching the goal of becoming a benchmark enterprise in the health and green industy to maintain the capability of the organization to operate sustainably. In addition, as a state-owned enterprise, TSC upholds the principle of integrity management, complies with relevant rules and regulations and strengthens corporate governance to control potential risks that could have impact on operations.


Management Approach of TSC’s Sustainable Governance

Corresponding material topics:
Corporate Governance, Climate Action, Socioeconomic Compliance, Integrity Management, Customer Privacy



Policy

Promoting circular economy (Climate Action)
Strengthening corporate governance (Corporate Governance, Integrity Management, Socioeconomic Compliance)
Performing comprehensive risk management (Customer Privacy)

Commitments and goals

Short-term goals (within 3 years):
  1. To develop renewable energy and promote circular economy
  2. Continue to improve the corporate governance system and improve the transparency of financial performance information
  3. Compliance with various economic and social regulations
  4. No incidents of infringement of customer privacy rights and loss of customer data
 
Medium and long-term goals (3 to 7 years):
  1. Zero fines
  2. To become a benchmark enterprise in the health and green industry
  3. To protect shareholders' rights, strengthen the functions of the board of directors, bring out the functions of a functional committee, respect the interests of stakeholders, and ensure sustainable development of the company with integrity management
  4. To complete the implementation of TSC’s Future Business Strategies 2021~2024


Responsible units

Business Development Promotion Group of the Corporate Sustainable Development Committee
Board of Directors
Department of Planning  Department of Secretariat
Legal Affairs
Department of Information
Renewable Energy Group

Input resources

A training course of sustainable development report was held with a total of 35 participants
Costs for holding training courses related to corporate governance for directors
Entrusted external units to conduct corporate governance evaluation
Continuous evaluation and expansion of solar PV and biogas power generation equipment

Grievance mechanism

Audit Committee Mailbox, the Corruption Report Channel of TSC’s Department of Ethics, Customer Service Hotline, Customer Service Email Box, TSC Facebook Fan Page


Management System and Action

Future Business Strategy, Responsibility Center System, Internal Control System, Practice Principles for Corporate Sustainable Development, Guidelines for Risk Assessment, Guidelines for Reinvestment Projects, Guidelines for Investment, Guidelines for Evaluation of Appointed Concurrent Directors and Supervisors (committee members) of Investment Business and Corporation, Guidelines for Endorsements
Code of Ethical Conduct, Guidelines for Risk Assessment, Code of Practice for Corporate Governance, Practice Principles for Corporate Sustainable Development, Audit Committee Charter, Guidelines for the Process of Preparing Financial Statements, Guidelines for Board of Directors Performance Evaluation, Study Plan for Directors, Principles of Risk Management and Crisis Management at TSC, Guidelines for TSC Personal Data Protection Management, and Personal Data Protection Operation Manual

Assessment management mechanism

      Internal Control System, TSC Performance Assessment System, Corporate Sustainable Development Committee Work Plan and Implementation Review Meeting, Guidelines for the Evaluation of the TSC’s Board of Directors, Evaluation Index of Corporate Governance System of State-owned Enterprises

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