Energy Conservation 節能, Emissions Reduction 減排, Smart Application 智能, and Automation 自動
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Year 2020 TECO is listed in Dow Jones Sustainability Index (DJSI), S&P Global Sustainability Yearbook, and FTSE4Good TIP Taiwan ESG Index. the Taiwan Top 50 Corporate Sustainability Gold Award for seven consecutive years, and ranking among the Top 5% in the corporate governance evaluations for six years in a row.
TECO has officially declared its commitment to a 10-year goal of energy conservation and emission reductions by 20% with 2015 as the base year. The goal is to decrease carbon emissions by 20% in 2025. Due to the joint efforts of all staff members, TECO achieved its emission reduction goal five years earlier than expected in 2020. Relevant measures include replacement of existing with energy-saving equipment, more efficient production scheduling, development of smart, automated production technologies, and prevention of GHG and refrigerant escape. Upon completion of the first stage, TECO will fully implement its Sustainability KPI, which encompass indicators in the three dimensions of internal carbon pricing (ICP), ratio of recycled materials and waste recycling, and climate impact management, starting from this year.
The Company plans to expand implementation of this goal to its overseas plants in 2021 and thereby firmly implant sustainability concepts in the corporate culture of the Company. And therefore, pursuit of the EU target of net-zero emissions by 2050.
TECO Selected as Member of DJSI Emerging Markets
TECO Electric & Machinery has been incorporated, as the only Taiwanese firm in the category of ELQ Electrical Components & Equipment, into 2020 Dow Jones Sustainability Index (DJSI). This is the first time for the inclusion of the company in the index, thanks to its extraordinary performance in the two items of "innovation management" and "environmental policy and management system," for both of which it was granted full marks. Sophia Chiu, TECO chairman, points out that the company has been striving to enhance its sustainability competitiveness, via efforts in the aspects of corporate governance, environmental sustainability, employee care, and social participation, plus compliance with the global trend in corporate social responsibility, major reasons for its inclusion in the emerging market index of DJSI.
TECO Included in S&P Global Sustainability Yearbook
TECO Electric & Machinery has been granted "Industry Mover" status in S&P Global 2021 Sustainability Yearbook, in acknowledgement of its remarkable performance in sustainability, especially in the fields of innovation management, human capital development, and occupational health and safety. The inclusion of TECO in the yearbook represents that the company ranks among top 15% in its industrial sector worldwide in the evaluation of the yearbook, which covers more than 7,000 enterprises worldwide.
Constituent Stock of F4G TIP TW ESG Index FTSE4Good link | Taiwan Index link
In recognition of its contribution to sustainable development, TECO Electric & Machinery has been selected as a constituent stock of FTSE4Good TIP Taiwan ESG Index (F4G TIP TW ESG Index, in short), for which it was granted a certificate for proprietary corporate mark on April 16. Sophia Chiu, TECO chairperson, pointed out that for years, TECO has been actively fulfilling corporate social responsibilities and seeking sustainable development, conforming to an all-round development which addresses environment, society, and corporate governance (ESG), so as to lead suppliers in forging a green supply chain. The index is compiled by Taiwan Index Plus Corp. and FTSE International Limited jointly, with constituent stocks being selected from constituent Taiwanese stocks of FTSE4Good Emerging Index with good financial standing.
Top 5% performance for corporate governance and Sustainability Awards
Mrs. Chwen-Jy, Chiu, Chairman of TECO Electric & Machinery Co., Ltd. was presented with the most prestigious “Outstanding Corporate Sustainability Professionals Award” in the individual award category. The Company was honored with the Taiwan TOP50 Corporate Sustainability Award in the comprehensive performance category, a Platinum Award in the corporate sustainability reporting category, and a Transparency & Integrity Award and Social Inclusion Award in the outstanding example category, which bears clear witness to TECO’s efforts and achievements in the promotion of sustainable development
Contact window: CSR Task Force/Jay LC Huang, Special Assistant, csr@teco.com.tw