Sustainable development meets today's needs without harming tomorrow's.
To implement sustainable development, the Company has established a “Sustainable Development Committee” composed of five members, including three Independent Directors, the President and the Chief of Staff. Under the Committee, there are six functional teams: “sustainable product design,” “environmental sustainability,” “social charity,” “corporate governance and risk management,” “supply chain management” and “customer care.”
To implement sustainable development, the Company has established a “Sustainable Development Committee” composed of five members, including three Independent Directors, the President and the Chief of Staff. Under the Committee, there are six functional teams: “sustainable product design,” “environmental sustainability,” “social charity,” “corporate governance and risk management,” “supply chain management” and “customer care.” The convener of the Committee appoints the heads of relevant departments to oversee the work of each functional team and implement related plans. The position of executive secretary is created to assist the convener with monitoring the progress and performance of each team.
Stakeholder identification and communication are the foundation of corporate sustainable development. Taiflex engages in ongoing communication with various stakeholders through diverse channels, and regularly reports the results of these communications to our Board of Directors (results of 2023 were reported in the Board meeting on January 25, 2024). We listen to the voices of our stakeholders and adopt their opinions, needs and expectations as reference for operational decisions. We aim to create and share maximum benefits with stakeholders.
To align information disclosed in the sustainability report with stakeholders’ expectations and adhere to international sustainability trends, we establish the framework for analyzing the materiality of sustainable issues based on the materiality identification process within the GRI Standards (2021), which includes six steps: “Understand the organization’s context,” “Identify materiality,” “Identify impact,” “Significance assessment,” “Verify material topics” and “Define boundaries of material topics.
Sound corporate governance is the cornerstone of sustainable operations. Therefore, enhancing information transparency not only safeguards the rights of shareholders and stakeholders to be fully informed, participate and determine major corporate matters, but also is one of the necessary means to strengthen alignment between both parties towards the Company's development goals and propel the Company towards sustainable operations.
As a public company, being accountable to shareholders and employees and maintaining sound and stable financial performance allow the Company to have the resources to invest in research and development and continue to provide advanced services to customers as well as promote technology and innovative applications developments. Therefore, the pursuit of sales growth is one of the cornerstones for the Company's sustainable operation.
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“To become a world-class FPC material provider” has always been our vision. We persistently advance on our three core technologies of formula R&D, precision coating and testing methods, in order to develop materials that meet market demands and to become a global leader in FPC materials.
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Our business involves advanced knowledge and technology and so do our customers; therefore, protecting the privacy of our customers and maintaining a highly secured information environment are the cornerstones for securing our long-term competitiveness and sustainable operation.
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Having product quality meets customer requirements is mandatory for Taiflex to “become a world-class FPC materials provider.” We shall provide appropriate resources to maintain the integrity of our quality assurance system and ensure our products meet regulatory requirements in order to strike an optimal balance between the Company and our customers.
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Environmental sustainability is an important core value in the business strategy of the Taiflex Group. The Company is committed to adopting eco-friendly approaches in operation and management as well as devoted to pollution prevention and reduction control in compliance with environmental regulations.
Adhering to the spirit of diversity and inclusiveness, Taiflex complies with local laws and regulations as well as international standards concerning human and labor rights. Interviewees and employees would not be subject to differential treatment on the basis of race, class, language, ideology, religion, party affiliation, national origin, place of birth, gender, sexual orientation, age, marriage, appearance, facial features, physical and mental disabilities, zodiac sign, blood type, or past union membership.
