As part of our strategic planning, operational strategies are integrated across our business units: methanol, solvents, electronic chemicals, rubber, and performance plastics. An ESG Committee directly under the board of directors is in place, chaired by the chairman of the board of directors and comprised of seven cross-departmental sustainability teams. Responsible personnel of all departments and sites are assigned to appropriate categories. By means of a top-down approach coupled with horizontal collaboration, medium- to long-term ESG objectives are formulated each year to drive sustainability.

In compliance with the six United Nations Principles for Responsible Investment, or PRI, we incorporate ESG in our governance and operational strategy, mapping out and implementing ESG objectives and developing a mechanism for collaboration with all stakeholders and the supply chain. Bottlenecks, even if any, do not hinder our continuous drive toward sustainable growth.

We keep ourselves abreast of policies and legislation, domestic and foreign alike, that are applicable to each business outlet, to ensure adherence to the core values of corporate culture and proper management of operational risk. GHG emissions are reduced by artificial intelligence, energy saving and carbon footprint reduction measures, and best available control technology. We also minimize the environmental impact of each stage of the product life cycle by carrying out source management in the form of innovation from the conception phase of R&D.

In our 10-year plan thus updated in 2019, short-, medium- and long-term goals were drawn up for five sustainability areas based on the average unit productivity and emission of the Taiwan sites of the three-year period from 2016 to 2018. Measures including periodic audits, ethical operations, personnel training, proactive risk management, and identification of opportunities from risks were instituted to create shared prosperity across the world.

Five areas of sustainability governance