The company’s Administration and Finance Department is responsible for overseeing sustainable development initiatives, with dedicated personnel assigned to drive related efforts. The Board of Directors has authorized the General Manager to supervise these activities, with an annual progress report presented at the first Board meeting of each fiscal year.Eurocharm established the Sustainability Committee on June 1, 2022, comprising four directors and independent directors. The committee elected independent director Yi-Ren Guo as the convener and chairperson. The committee operates in accordance with the company’s “Organizational Regulations for the Sustainability Committee”, assisting the Board of Directors in advancing sustainable development, strengthening corporate governance, and achieving long-term sustainability goals.The committee’s key responsibilities include setting the direction and strategic objectives for sustainable development, formulating management policies and action plans, and promoting corporate ethics and risk management initiatives. Additionally, the committee monitors, reviews, and refines the implementation and effectiveness of sustainability efforts while overseeing the company’s Sustainability Report and other tasks as assigned by Board resolutions. The Sustainability Committee is required to convene quarterly meetings and may hold additional meetings as necessary. In 2024, the committee conducted five meetings, maintaining a 100% attendance rate among all members and deliberating on seven related motions. For further details, please refer to the Sustainability Committee section of the company’s 2024 Annual Report. On November 12, 2024, the company conducted the “2024 Annual Board Performance Evaluation and Self-Assessment of Board Members” and the “Self-Assessment of Functional Committee Members”, both of which resulted in a “satisfactory” evaluation, with all assessment criteria successfully met. The results are scheduled to be presented to the Board of Directors on March 6, 2025. For further details, please refer to the Board Performance Evaluation Report (which includes the Functional Committee Performance Evaluation).
| Title | Name | Experience (Education) |
|---|---|---|
| Chairman | Yi-Jen Kuo | Transportation Engineering and Management, National Chiao Tung University Administrator, China Steel Corporation Manager, China Steel Aluminum Corporation President, China Steel Global Trading Corporation |
| Independent Director | Chen-Tien Yuan | Law-National Taiwan University MBA, Guanghua School of Management, Peking University Vice President, EY Management Services Inc. |
| Independent Director | Yen-Hsi Lin | Philosophy, Fu Jen Catholic University General Manager, DDI-Asia/Pacific International Ltd. (Taiwan) Senior Advisor, Asia/Pacific Region, Caliper Human Strategies |
| Director | Michael Yu | Business Management- National Chung Hsing University Business Management- National Taipei University of Business |
Organizational Structure of the Sustainability Committee
| Organiztion Structure | Duties |
|---|---|
| Sustainability Committee Chair | ● Hosts and convene sustainability/ESG meetings |
| Sustainability Committee members | ● Determine sustainability/ESG strategies of the Company |
| Sustainability Committee Executive Secretary | ● Coordinates and promote Sustainability/ESG Committee affairs ● Plans, designs, and maintains sustainability/ESG pages on the official website ● Responsible for coordinating (editing, assurance, publication) Sustainability/ESG Report every year ● Responsible for compling ESG data in Taiwan and Vietnam |
| Board of Directors Meeting Secretary | ● Responsible for the meeting notification and minutes of the Sustainability/ESG Committees |
| Subsidiary Companies | ● Assist in promotion of sustainability/ESG policies ● Responsible for implementing resolutions made by Sustainability/ESG Committees ● Regularly report to the Sustainability Committee, set ESG KPIs and monitor implementation status, develop action plans while making improvements continuously ● Supervising the normal operation of the ESG work at all departments |
| Energy saving and carbon reduction | ● Product research, development, and innovation (metal substitute materials and regenerated metal); production improvement (quality, production yield, low pollution) ● Reduce in green hous gas emission by lowering energy consumption of production and daily use ● Reduce wastes and wastewater by reusing resources ● Implementing ISO 14001 environmental management system and introducing other systems |
| Supply chain | ● Product quality management (product quality, recycling, and recall) ● Supplier evaluation (including human rights, environmental protection, and child labor), audit, and risk management (source management for conflict mineral, rare soil, etc.) ● Implementation of the quality control systems, ISO 9001/ISO 13485/IATF 16949 |
| Social welfare | ● Planning and implementation of social welfare projects |
| Employee Care | ● Employees’ rights, human rights, and talent cultivation ● Based on the premise of law compliance, plan and implement comprehensice employee care including compensation, benefits, educational training, etc. |
| labor safety | ● Labor health and safety projects ● Based on the premise of law compliance, plan and implement prevention of occupational accidents ● Implmentatino of ISO 45001 occupational safety and health management system |
| Customer Relationship | ● Plan and implement customer relationship and information security ● Responsd to customer claims; satisfaction surveys ● Proection of customer privacy and information securtiy ● Introduction of information security management system |
| Corporate Governance | ● Corporate governance (internal regulations and internal control) and planning and implementation of anti-corruption ● Strenthen the organization, implement corporate governance, and anti-corruption as the major projects ● Following the Compacty Act, value the rights of shareholders and enhance the operation of the Board of Directors |
| Item | Unit | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Number of Meetings | times | 3 | 4 | 5 |
| Attendance Rate | % | 100 | 100 | 100 |
| Motions Reviewed | cases | 4 | 5 | 7 |
| Meeting Date | Content | Opinions and Suggestions from the Risk Committee and the Measures in Response |
|---|---|---|
| February 9, 2024 | ● The implementation results of the ESG policies in 2023 and the objectives in 2024 of the Company and its subsidiary companies | Unanimous consent |
| May 2, 2024 | ● The implementation results of the ESG policies of the Company and its subsidiary companies in 2024 | Unanimous consent |
| June 20, 2024 | ● The Chinese and English versions of the 2023 Sustainability Report of the Company | Unanimous consent |
| August 7, 2024 | ● The implementation results of the ESG policies of the Company and its subsidiary companies in 2024 | Unanimous consent |
| December 27, 2024 | ● Revisions of the ESG indicators of the Company and its subsidiary companies in 2025 ● Revisions of the relevant operation management policies ● Evaluation of independence and suitability of the assurance on the Sustainability Report and greenhouse gas inventory as well as examination of the relevant mandate | Unanimous consent |