Energy Conservation 節能, Emissions Reduction 減排, Smart Application 智能, and Automation 自動
TECO declares “Emission reduction by 20% in one decade” and has demonstrated outstanding performance in terms of the customer, production site, supply chain, and social aspects. The four main production centers actively engage in the planning, and high efficiency motors and green home appliances have saved a total power consumption of 520 million kWh for customers, reduction of 320 thousand tons in emissions, renewable energy power generation of 2.61 million kWh, and the annual emissions reduction of production sites in 2019 significantly surpassed the goal to reach 14.5%. Water-based paint introduction ratio is 66.2%. TECO and other domestic home appliance manufacturers have established the E&E Recycling company and assigned directors for The Company in order to disassemble recycled old home appliance products. In 2019, the income generated from the recycling of old home appliance products was NTD 94.08 million.
Let the World See Taiwan
TECO was nominated as “FTSE4Good TIP Taiwan ESG Index” this year. Therefore, it catches the global sustainable investment train formally. As the largest industrial motor producer in Taiwan, TECO is leading its suppliers in the supply chain to promote Taiwan’s industrial intelligence to the world. Last year, we helped our customers save the electricity by about 520 million kWh throughout the world. Each kWh of the electricity saved with our help should be identified as the contribution made by Taiwan’s industry to the world.
The 2019 TECO CSR Report is the 10th issue published by TECO since 2010 and the 8th issue verified by an external third-party organization. This year’s report analyzes and identifies material issues and secondary issues based on GRI Standards. These serve as important KPIs for related departments to facilitate reading by stakeholders, as well as give them a clearer understanding of developments pertaining to each material issue. The goal is to improve communication with stakeholders regarding concepts and approaches of TECO in the dimensions of governance, economy, environment, and society.
Looking ahead at 2020, impacted by COVID-19 pandemic, major forecast bodies have predicted global economy will decline in the year. Taiwan's Cabinet-level Directorate General of Budget, Accounting, and Statistics (DGBAS) forecasts that Taiwan's economy will grow by 2.37% in 2020, compared with 2.4-2.7% growth rates predicted by other forecast bodies. In the face of the challenging environment, TECO, in addition to the development axis of "energy conservation, emission reduction, smart application, and automation," will implement digitalization, intensify marketing and production automation, thereby inducing growth with precision marketing. Moreover, while it builds secondary supply chain for parts of SmartAuto and electromechanical products, forming a remote backup mechanism to minimize the impact from external unfavorable factors to maintain steady growth and profitibilty.
TECO has been granted the honors of golden award for Taiwan Top50 corporate sustainability report for six years in a row and corporate citizen award by Commonwealth magazine for eight years running. Adhering to the concept of sustainable development, TECO has pledged to "20% emission reduction in 10 years" and rolled out "employee public-service account" this year, materializing the group's vision of "energy conservation, emission reduction, smart application, and automation" according to the strictest criteria, thereby leading employees to contribute to a sustainable society, as well as forging an working environment with long-term development potential for employees, providing customers services with competitive value, and creating optimal investment returns for shareholders
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.
Contact window: CSR Task Force/Jay LC Huang, Special Assistant, csr@teco.com.tw