TAIFLEX Scientific Co., Ltd. has issued non-financial reports for 11 consecutive years since 2014. This year, we delved into understanding the context of sustainable development, conducted materiality analysis to identify stakeholders’ issues of concern, and incorporated external expert opinions to determine 15 material sustainable topics. The report reveals in detail Taiflex's management approach, action plan and performance on various sustainability issues using common phrases and descriptions. In addition to enhancing information transparency for stakeholders, the report demonstrates our determination to implement sustainable developments.
This report has been prepared in accordance with the GRI Standards issued by the Global Reporting Initiatives (GRI) and the “Rules Governing the Preparation and Filing of Sustainability Reports by TWSE Listed Companies” of the Taiwan Stock Exchange Corporation (TWSE), with an emphasis on the disclosure of Article 4, “Sustainability Disclosure Indicators - Electronic Parts and Components Industry” and Article 4-1, “Climate-related Information” of the latter. We also refer to the Sustainability Accounting Standards Board (SASB), the Task force on ClimateRelated Financial Disclosures (TCFD), and the Sustainable Development Goals (SDGs) of the United Nations, and comply with the reporting principles and requirements set forth therein. Financial performance data are calculated and expressed in New Taiwan dollars while energy saving and carbon reduction figures are expressed in International System of Units to enhance the substantiveness and comparability of the report. Information restated in comparison to the 2022 sustainability report is described in the report.
Taiflex issues a sustainability report every year with the same frequency as financial reports. The report is available on the corporate website at (https://www.taiflex.com.tw/english/Home).
This report discloses the Company's sustainable development performance in economic, governance, social and environmental aspects between January 1, 2023 and December 31, 2023. To enhance completeness and comparability of the report, certain content covers both before and after the reporting period. Except for financial data which are extracted from the consolidated financial reports, all other data are based on Taiflex's operation and business in Taiwan (including Taiflex 1, 2, 3 and 5, while excluding subsidiaries). However, in consideration of the Group's sustainable development and planning, some sustainability performance of subsidiaries is included in this report.
The data and information in this report are compiled according to Taiflex's “Procedures for the Preparation and Assurance of Sustainability Reports.” They are provided by various departments of the headquarters and factories, reviewed by respective supervisors, and then compiled and edited by the sustainability report preparation unit. After that, they are reviewed and revised by the heads of respective promotion centers within the Sustainability Development Committee, and submitted to President and Chairperson for review before being finalized for publication according to administrative procedures.
To enhance credibility, financial performance in the report is extracted from the annual financial reports audited by Ernst & Young. As for other content, we have commissioned AFNOR Asia Ltd., a subsidiary of AFNOR Group, to undertake assurance. The result indicated that the report is in line with the GRI Standards 2021 and AA1000AS v3, using Type 1 at a moderate level of assurance. The independent assurance statement is detailed in Appendix 2.
Please contact us if you have any questions or suggestions regarding the Company or this report. For more information on our sustainability efforts, please access the ESG section of our corporate website.
