Energy Conservation, Emissions Reduction ,Smart Application ,and Automation
Since TECO was incorporated, it has kept practicing its management philosophy of “Ethical Corporate Management, Implementation of Corporate Governance, Fulfillment of Social Responsibility and Pursuit of Sustainable Operations" to use its best efforts to implement practices in the environment, society and corporate governance areas. Meanwhile, it integrated the corporate vision of "Energy Conservation, Emission Reduction, Intelligence, and Automation" into the Company’s management systems, and linked the Company’s sustainability performance with the United Nations’ SDGs to drive the industrial growth and fulfill its corporate social responsibility.
In light of the dramatic changes and impact caused by global warming and the greenhouse effect on mankind, TECO’s mission as a corporate citizen is to pursue performance management and technological development while focusing on the reduction of environmental burdens. Since 2008, TECO’s development strategy has focused on "Energy-efficient TECO - Green Technology" and committed to the development of products featuring green technology and utilizing green energy, including industry-leading energy solutions such as high-efficiency motors, motors with integrated inverters, and grade-1 energy-efficiency home appliances. Over the years, TECO has invested heavily in developing green energy products such as high-efficiency motor production process modification and development of electric vehicle motors by relying on its superior electromechanical integration capabilities.
TECO identified the motor-related technology as its core technology, engaged in R&D through constant efforts in improving the motor electromechanical technologies and worked hard to arrange the strategy about vertical and horizontal integration in the industrial chains to achieve the active expansion into global markets. Accordingly, the Company has generated momentum for revenue growth as well as advances in industrial and technological development in Taiwan. The evolution of the Company has been inextricably intertwined with global industry trends. As the purveyor of "kinetic energy" in the industry, TECO unveiled its "TECO GO ECO" vision in 2008. TECO became actively engaged in the "green energy" industry in order to facilitate energy conservation and carbon reduction. In recent years, the Company has responded to new trends such as Industry 4.0 and IoT by developing “Intelligence and automated” applications. TECO has integrated its core electromechanical technology with information and communication technologies of the Group. The aim is to foster innovations in smart technologies and consolidate the Company’s sustainable competitiveness with the ultimate goal of "Driving A Smarter Future!!"
TECO optimized the green smart production lines at the Chungli Plant and implemented automated management in the Electric Wire Production Area. With the 3D Visual Robotic Arm, Automatic Guided Vehicle (AGV), and Automatic Coil Winding Machine, it formed the largest and most complete industrial motor intelligent production line in Asia, which is also the first one in the world. Meanwhile, the intelligent production line derived such advantages as upgrading of the efficiency and cost reduction for the following products. The TECO Chungli Plant also massively utilizes intelligent motors, the Machine Health Management System (MHm), Manufacturing Execution System (MES), and Energy Management System (EMS) researched and developed by the TECO Group independently, in order to integrate the spirit upholding energy saving and emission reduction for environmental protection into TECO’s intelligent manufacturing. Meanwhile, Wuxi Electric Wire established by the Group adopted the concept design of green buildings and intelligent factories. The Group is also using its best effort to plan the Group’s factories around the world and implement intelligent factories. TECO takes the initiative to pursue the sustainable development vision upholding “Energy Conservation, Emission Reduction, Smartness, and Automation.”
Energy Conservation, Emissions Reduction, Smart Application, and Automation
Implementation of Corporate Governance - Realization of Sustainable Operations
In addition to pursuing revenues and profits, the Company also strives to realize its management philosophy of "Ethical Corporate Management, Implementation of Corporate Governance, Fulfillment of Social Responsibility and Pursuit of Sustainability." TECO aims to achieve its goal of sustainable corporate development through rigorous fulfillment of its role as a corporate citizen. In 2018, a functional committee other than the statutory ones, namely the “Corporate Governance and Sustainability Committee” was established to oversee the performance of sustainability issues to help the integration of the three indicators, ESG (Environment, Society and Governance), into the Company’s business decision making process and fulfill the corporate social responsibility for social inclusion and the green economy. The self-assessment was carried out pursuant to the “Regulations Governing Assessment on Performance of Board of Directors” enacted by the Company. Meanwhile, the Taiwan Institute of Ethical Business and Forensics was contracted to conduct the external assessment, and the assessment results were reported to the Board of Directors to help the Company continue upgrading the corporate governance level, enhance corporate social responsibility, and practice sustainability.
TECO employs a professional management system, accepts monitoring by juridical persons, and places high emphasis on stakeholder opinions, industry trends and social development demands as key considerations for corporate decision-making. the Company also maintains open communication channels with stakeholders in all areas. It not only discloses relevant information and directly communicates with stakeholders on a scheduled basis but also actively participates in external organizations such as Taiwan's Business Council for Sustainable Development, Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) and Taiwan Automation Intelligence and Robotics Association (TAIROA). TECO takes the initiative in external exchanges and solicits opinions from all sectors of society. TECO never stops working on the corporate governance and sustainability. In 2018, it has ranked among the Top 5% in the “Corporate Governance Evaluation” for the fifth year consecutively and also been honored with four major awards by the “Taiwan Corporate Sustainability Awards” including Sustainability Report-TOP 50 Report Platinum Award, Overall Performance-TOP 50 Corporate Sustainability Award, and Single KPI-Social Inclusion Award and Transparency and Integrity Award.
Creation of a Blissful Enterprise and a Society Characterized by Techno-Cultural Synergy
TECO perceives talents as the Company’s most important asset, and they are also the cornerstone of sustainable development. In addition to implementing a legally compliant labor system, the Company aims to gain a better understanding of employee expectations and workplace health through regular employee satisfaction surveys. In addition to the creation of a comprehensive welfare system and a work environment characterized by work-life balance, the Company highly values employee development and actively pursues innovation in the field of HR. It implements Key Talent Development Programs and provides opportunities for participation in cross-department and cross-industry projects. It further implements a Program for the Cultivation of Entrepreneurial Teams inside the Company and offers paid overseas vacations and “Soaring Talent” Programs with the goal of infusing vitality into the Company and creating a wider stage for employees to allow them to bring their talent into full play through continued innovation.
In terms of social care, the “TECO Technology Foundation” has been deeply committed to the provision of services in the fields of technology, education, culture and art over the past 25 years. The Foundation aims to realize TECO’s goal of "Techno-Cultural Synergy" through creativity and cultural education. The TECO Award has supported uninterrupted progress in the fields of technology and culture in Taiwanese society for several decades. The "Green Tech Competitions" also foster scientific research in the fields of energy conservation and carbon reduction by youths all over the world. It provides an impetus for the development of "Green Energy Technology" in Taiwan through increased international exposure. The "Exclamation Mark" indigenous cultural heritage program launched the traditional culture of indigenous tribes in Taiwan on to the international stage. In addition to the long-term promotion of social innovation and technological and cultural development by the foundation, TECO also offers "charity leaves" and internal volunteer opportunities for its employees to motivate and support the participation of employees in social care activities and promote personal practice of social care. The goal is to cultivate and spread the seeds of compassion and generate a positive momentum for society.
Looking ahead, the Company will continue to maximize the usage value of its products and services for customers and promote industrial value upgrades in response to climate change impacts and sustainable development considerations in line with stakeholder demands through technological innovations of its own industry. In its pursuit of sustainable operations, the Company continues to forge ahead by embracing a solid and down-to-earth approach and a forward-looking vision with a simultaneous focus on sustainable growth, social harmony, and green economic development.