TECO has been issuing the CSR reports on an annual basis since 2010. These reports disclose sustainability strategies and implementation performance information in the 3 dimensions of environment (E), society (S), and governance (G). The goal is to give stakeholders a better understanding of TECO’s efforts and commitments to continued improvements in the sustainable development in these three areas. As of 2012, annual reports are verified by a professional third-party organization to increase the credibility of the company’s CSR reports through third-party inspections. These verifications serve as the basis for the systematic inspections of CSR development and formulation of improvement goals by the company, demonstrating the determination of the company to promote sustainable development.
Report Scope and Boundaries
This report covers concrete responses, measures, and performance related to material issues of concern to key stakeholders as determined by the company through materiality analysis. Prior to 2013, the scope of reports was confined to operating areas in Taiwan including company HQ, manufacturing plants and the TECO Technology Foundation. In 2014, the scope was widened to encompass affiliates and TESEN Electronic. As of 2015, overseas affiliates such as TECO-Westinghouse and Taian Technology (Wuxi) were also included. In 2017, important domestic and overseas affiliates such as Wuxi TECO and TECO Electro Devices were likewise included. The report presents achievements and performance data in the dimensions of environmental protection, corporate governance and social engagement from January 1 to December 31, 2017. Financial figures are given in New Taiwan Dollars, while environmental protection, health, and safety related performances are expressed through international generic indicators.
The content and structure of this report is based on the Core Options of the GRI Standards published by the Global Reporting Initiative (GRI) in 2016. The GRI Standards mapping table is attached to this report for reference purposes.
Relevant issues and performance are reviewed and verified in strategy meetings, monthly business meetings of the company and business divisions, and quarterly KPI review meetings (linked to executive salaries). Provided data is subject to review and approval by department executives. In addition, internal annual audits (coupled with external verification) of the quality management system (ISO9001), occupational health and safety management system (OHSAS 18001), environmental management system (ISO14001), and GHG emissions are conducted every year to further guarantee the accuracy of provided data.
TECO commissions PwC to verify the report which was compiled in accordance with the Core Options of the GRI Standards with limited assurance, based on Assurance Standards Announcement No. 1 of the Republic of China (ROC) (formulated with reference to ISAE3000). The assurance statement is attached to this report.
Report Compilation Units
This report has been compiled by the CSR Committee and is available in Chinese and English versions. It is also posted on the corporate website. Annual publication (last publication: August 2017) Contact person" CSR Task Force/Ms. Hsu (02) 2655-3333 # 3388, email@example.com CSR Website: http://www.teco.com.tw/csr/eng/default.aspx?gid=1&nid=3