TECO 東元電機

Theme

Impact

TECO’s Action

Climate Change

All mankind must achieve zero carbon emission by 2050 in order to stay behind such a critical limit.

Use climate change scenario analysis to simulate the financial performance (TCFD) more info..

Perform carbon price estimation, simulate impacts of carbon tax by carbon foodprint analysis. more info..

Natural Capital

By 2030, the increase of global population will require an additional 35% of food. Climate change can cause worsening of deficiency of resources.

Establish annual goal: Energy conservation 2%; water conservation 2%; waste reduction 2% more info..

The recycled materials (silicon steel scrap) used in motor products have reached 20% more info..

Pollution & Waste

By 2030, the increase of global population will require an additional 35% of food. Climate change can cause worsening of deficiency of resources. In the next sixty years

Product Stewardship (Product full lifecycle management): Includes the recycling of product wastes and construction of material circular economy. more info..

Environmental Opportunities

Climate change may cause global demand for water increase by 40%, and the demand for energy increase by 50%.

Renewable energy and green power generation: Include the solar power and reuse of waste heat etc. at the plant site. more info..

SmartAuto Product and Innovation Management: Increase product energy efficiency and increase energy saving product shipping ratio. more info..

Theme

Impact

TECO’s Action

Human Capital

By 2030, the world population is expected to increase by one billion, and the total world population will exceed eight billion. Among such additional one billion, 97% will be from the new emerging countries and developing countries. In addition, for developed countries, human life will be longer but the number of children will be fewer. Awakening of labor human rights in new emerging countries and active audit responsibility

Employee Human Right and Career Development: Identify potential infringement, transparent training and promotion channel, prepare future productivity source. more info..

Provide safe working enviornment to employee. Keep high occupational safety standards. more info..

Product Liability

the interconnection equipment quantity will be seven times of the earth’s population. The interactive business opportunities on the internet have caused the economies of scale of enterprises to lose their absolute competitive advantage.

SmartAuto Product and Innovation Management: Increase product energy efficiency and increase energy saving product shipping ratio. more info..

Stakeholder Opposition

Geopolitical Changes: As the future outlook becomes more uncertain than the past years, to manage the potential fluctuation, risk diversification among economies becomes more important nowadays.

Supply Chain Management: Increase global production flexibility by establishing 4 manufacture centers in Taiwan, China, USA, and India to increase international competitiveness. more info..

Social Opportunities

Increase of demands of customers and users on digital product services for carbon cleansing and fixation.

Improve product energy efficiency and guide the annual GreenTech creativity competition, allowing participating teams to submit proposals with content matching with the core business of TECO and the market trend. more info..

Theme

Impact

TECO’s Action

Corporate Governance

Investor and shareholders expect company to propose plans for climate changes. Society expects companies to bear social responsibility of greater aspects.

Establish ESG and digital management ability and sound board of directors’ functions. more info..

Corporate Behavior

Presently, more than half of the world’s population lives in cities, and regions of the fastest development occur in the second tier of cities of developing countries that may be unfamiliar to us.

Code of Conduct and Legal Compliance: Emphasize employees’ personal code of ethics and enhance legal compliance audit. more info..