ESG Impacts and Actions

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 RCP, NDC and IEA 2DS 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. Increasing of raw material price effects profitability of business.

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

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

TECO has formulated a "Declaration of Non-Use of Conflict Minerals" to ensure the proper handling of conflict mineral issues. more info..

Pollution & Waste

Climate change can cause worsening of deficiency of resources in the next sixty years. 

End of Life Cycle Responsibility: At the end of the motor life cycle, motors are recycled and dismantled by the scrap hardware recycling service providers. 90% of motor total content, including steel, iron, copper and aluminum will be separated and returned to the raw material stage to be remelted and remanufactured. Steel is usually made into angled steel and other building materials that continue to exist in our lives. 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..

Human Rights Due Diligence and Mitigation: TECO develops “Declaration of Human Rights” to manage internal HR policies. Human right issues cover parent company, subsidiaries, and suppliers. 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

As TECO acts as the driving source for the global industry in manufacturing, the Group is further dedicated in the fulfillment of the responsibility of a corporate citizen to promote energy conservation and environmental protection, in light of achieving a wonderful life with integration of technology and culture.inable cities and communities.

TECO follows SDG 13 Climate Action, 4 Quality educatuin and 11 Sustainable cities and communities. TECO invests 79.0% philanthropic activities in communities. more info..

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

TECO Awards have been continuing to discover elites and honor persons who have outstanding contributions in the areas of technology and humanities. TECO Group still affirmatively upholds its sustainability philosophy and continues fulfilling its corporate social responsibility. It also promises to continue supporting the Foundation’s operation and working with the Foundation to boost the sustainability of the technology and humanities in Taiwan.

Winners are not only involved in the process of innovation of the technology industry and R&D, but also made significant contributions to the relevant area including Electromechanical engineering, IT & Communications, Agriculture & Biomedicine, and Humanity & Education. 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..