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Risk Management

Risk Management Policy

      The rapid changes in the internal and external environment will create a certain degree of risk for TSC. Therefore, the "Guidelines for Risk Assessment" has been developed, followed by the identification, analysis, assessment and handling of every short-, medium- and long-term risks. First, we identify the risk factors and assess potential losses, followed by the selection of management methods and the implementation of regular and irregular monitoring, auditing, and tracking of risk management.

Strategies to cope with climate change
Promote circular economy Having abundant agriculture resources is the most unique characteristic of TSC in circular economy. TSC actively invests in the development of biogas utilization and resources and energy industries to integrate various resources areas such as pig breeding, biogas, and new agriculture, forming a recycling network, creating an agricultural recycling park.
Promote green pig farms Various environmental problems in the livestock industry have drawn the attention from the government and all circles in the society. In addition to actively giving guidance to pig farms to strengthen various pollution prevention measures and resource recycling (recycle and reuse biogas slurry, biogas power generation), currently, the concept of circular economy has been introduced into the pig production process to reduce the environmental impact and pollution of pig farming industry and to establish a energy-saving mode for pig farms, enabling the livestock industry to coexist harmoniously with the environment and ecology. TSC’s   Dong Hai Feng Livestock Farm is now under renovation to stay in line with the circular economy model and is scheduled to start trial operation by the end of 2019. The other 16 livestock farms are also working on remodeling based on this concept and are scheduled to complete the renovation in 2021 in order to pursue sustainable operation.
Carefully choose the timing of raw materials procurement With regard to the management of climate adaptation, we not only pay attention to climate change in Taiwan and overseas regions but also continue to pay attention to new international issues related to environment. Internally, TSC set up a Bulk Cereal Procurement Team and a Bulk Sugar Reserve Price Setting Team. As required by the internal control system, the team members have to collect information of bulk materials such as soybeans, corn and sugar, the supply and demand situation and climate change situations at any time, and carefully select a procurement timing based on the production and inventory conditions.
Establish safe food overseas To avoid the regional crops shortage caused by sudden weather changes, the overseas team is actively evaluating the establishment of or acquire sugar refineries in Indonesia and Vietnam to set up a safe food mechanism of the company overseas. 
Promote Four Savings Project and strengthen the promotion and training of energy conservation   (1) In accordance with the “Four Savings Project for government agencies and schools”, TSC Implemented the promotion of oil conservation, power conservation, water conservation, and paper conservation to reach the effectiveness of energy conservation. 
(2) Green energy conservation and environmental protection related training are organized to promote the concept of energy conservation of all employees.
Introduce carbon footprint and water footprint In order to achieve the purpose of energy conservation and carbon reduction, carbon footprint and water footprint verification of products is introduced. The verified data can be provided to the customers for follow-up tracking of carbon or water footprints to continue saving energy and reducing carbon, reaching the goal of protecting the environment.
Improve sugar refining technology to improve energy efficiency Actively improved sugar refining technology. In addition to strengthening the operation of recycling section, it is aimed at increasing the refining rate and daily sugar content and reducing the consumption of fuel, electricity, natural gas per ton of sugar in an attempt to improve energy efficiency. In 2018, the fuel consumption rate for sugar refinery was 92.15L/ton of raw sugar; the power consumption for sugar refinery was 107.26 kWh/ ton of raw sugar.
Promote green energy  (1) To cooperate with the government’s “Energy Conservation and Carbon Reduction Action Plan” to reduce carbon emission and to increase the diversity of energy supply and reduce the impact of fuel price fluctuations. 
(2) To work in line with the government’s green energy policy, solar PV power generation equipment is installed on self-owned roofs and unfavorable farming land to reduce pollution and carbon emission. To implement the carbon reduction policy, TSC’s affiliated livestock farms continue the collection of biogas for power generation, which is in line with the development of the green energy industry. As of 2018, a total of 48 solar power generation facilities as well as biogas power generation facilities in 4 livestock farms were installed, and the overall power generation totaled 4.5461 MWh in 2018.
Promote green afforestation Afforest on sugarcane land for economic benefits such as the increase of air quality, conservation of water resources and for carbon sequestration. In 2018, the area of afforestation in the plain area was 10,890.63 hectares.
Promote green procurement policies To work in line with the Green Purchasing promotion program approved by the Executive Yuan, TSC sets the target value of annual purchase of eco-friendly and green products that meet the characteristics of being low-pollutant, energy saving and recyclable. In 2018, the green procurement ratio was 99.57%.

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