773bff42-5b9e-4405-bb7d-41ca59323840

ESG Committee

ESG Committee

The ESG Committee promotes the sustainability affairs of TCI, and the Chairman leads the ESG Committee as the Chairperson. The Chairman appoints members of the ESG Committee who represent the top executives of each department, consisting of 19 senior executives. The professional capabilities of the Committee members include fields such as finance, legal affairs, business development, information technology, ESG, corporate governance, human resources, etc., and participate and discuss ESG projects and provide cross-departmental resources. With the Board of Directors at the highest level, the Committee realizes corporate social responsibility on four primary levels by implementing corporate governance, promoting a sustainable environment, fostering social care, and strengthening information disclosure. The ESG Committee routinely convenes a meeting every quarter and reports to the Board of Directors at least once a year.
The Chief Sustainability Officer plans the Company's ESG strategy blueprint and action plans sets sustainability goals and allocates corporate resources. In addition, the Chief Sustainability Officer works with the ESG Committee to plan and promote sustainability projects within the company, track implementation progress, make timely adjustments per international sustainability trends, and respond to stakeholders' expectations. Under the President's office, Investor Relations and ESG Development Department studies international trends in sustainable development, grasps stakeholder needs, and identifies material issues proposes strategies to address or mitigate them, and presents them to the ESG Committee. In addition, The ESG Development Department prepares an annual Corporate Social Responsibility Report to address the economic, environmental, and social impact issues arising from operational activities as one crucial communication channel with external stakeholders.

Sustainability Policy

With the corporate mission of “join & delight consumer’s life,” TCI adheres to the business principles of Trust, Creation, and Intelligence and works with suppliers and value chains to create value for various stakeholders. TCI focuses on sustainable development, and the entire TCI Group commits to improving corporate governance, promoting environmental sustainability, and practicing social prosperity. The Company adopts the United Nations Sustainable Development Goals (SDGs) as the approach to sustainable operations, echoing eleven goals pertinent to the Company’s operations. In addition, TCI continues to realize substantive actions in various aspects, such as economic, environmental protection, ecological restoration, human rights, education, and integrity in the Company’s operations and the value chain, with the Board of Directors as the highest level of supervision and carrying out concrete actions at all levels.

TCI’s ESG policies includes the following aspects:

  1. Establishment of regulations on non-use of hazardous substances
  2. Procurement policies of conflict minerals
  3. Pollution prevention: air quality, waste, wastewater, noise
  4. Greenhouse gas management
  5. Mitigate food loss
  6. Use of resources and circular economy
  7. Biodiversity
  8. Equality of human rights
  9. Prohibition of sexual harassment and various forms of harassment such as verbal, physical, and stalking
  10.  

Sustainable Supply Chain Policy

Sustainable Supply Chain Policy

To enhance the implementation of sustainable development in the supply chain, TCI has issued the "Supplier Code of Conduct" as a crucial reference for the overall assessment of suppliers. This ensures that current suppliers collaborating with TCI adhere to legal regulations, including labor, health and safety, and environmental standards, during the provision of products and services. They are also actively addressing current environmental protection and social issues, willingly undertaking corporate social responsibilities, and continuously striving for improvement and advancement. For newly engaged suppliers, the company provides a Supplier Self-Assessment Form as a reference for evaluating potential partnerships, while also encouraging the adoption of the "Supplier Code of Conduct." Newly selected suppliers who pass the initial review undergo a formal audit to ensure the overall quality of TCI's production processes.

Supplier Selection

In addition to obtaining international certifications such as ISO, SEDEX, HACCP, and others, in alignment with the sustainable development trend, TCI incorporates ESG self-assessment criteria into the supplier self-assessment form. These criteria encompass aspects such as safeguarding human rights, labor rights, health and safety, and environmental protection. They serve as significant scoring elements in supplier evaluations, aimed at reducing sustainability risks within the supply chain and enhancing the overall sustainability benefits of the value chain.

Supplier Evaluation

TCI uses a supplier platform as the main management system for sharing information with suppliers. Through this platform, supply and demand can be efficiently managed, and automated calculations are employed to forecast future requirements. TCI also plans to progressively incorporate environmental and ESG-related key data of suppliers into the supplier platform. Through this platform, collaborative efforts with suppliers will be focused on formulating ESG goals, improvement measures, and performance assessments.
The supplier evaluation process entails self-assessment, auditing, demand forecasting, order placement, shipment, quality inspection, invoicing, annual reviews, and sourcing new suppliers.

Supply Chain KPI (result of the year 2022)

Supply Chain Type Management Method Execution Ratio Future Management Point
Tier 1 supplier Supplier ESG Self-Assessment Form

100%
(A total of 168 companies, 168 companies completed the evaluation)

Strengthen on-site audit
Sing “Supplier Code of Conduct”

62.5%
(A total of 168, 105 signed)

Continue to increase the proportion of suppliers signing
climate action initiative

31.5%
(A total of 168, 53 signed)

Continue to increase the proportion of suppliers signing
Other suppliers On-site audit

100%
(34 planning audits, 34 audits completed)

Strengthen on-site audit

KPI of supplier assessment and development

  1. The ratio of Tier 1 suppliers signing the Supplier Code of Conduct is maintained at 100%.
  2. Tier 1 suppliers’ ESG self-evaluation form assessment rate is 100%.
  3.  

Supplier of capacity building program

TCI actively advocates for a sustainable supply chain. Since 2021, we have been providing suppliers with a comprehensive ESG self-assessment form, covering aspects such as environmental data, management plans, human rights, and regulatory compliance. This assists in evaluating suppliers' sustainability performance in economic, social, and environmental dimensions. The assessment serves as a crucial scoring criterion in supplier evaluations, aiming to mitigate sustainability risks within the supply chain and enhance the overall sustainability benefits of the value chain.
Simultaneously, TCI offers relevant recommendations and corresponding solutions for supplier sustainability development. These are discussed during monthly supplier meetings, aiding supply chain partners in formulating sustainable goals.

Sustainability Initiative Action

TCI maintains its focus on international sustainability issues and trends. The Company commits to ambitious sustainability goals by publicly responding to international initiatives. TCI continues to invest in the Company’s sustainability transition and hopes to make an impact in the industry value chain. The Company has already committed itself to a landmark initiative in energy and climate change and is actively involved in renewable energy development and energy reduction. In 2021, TCI’s Science Based Target (SBT) formally passes the audit, becoming a select few Taiwanese companies to have passed the audit.

Initiative Name

Member Since

Content TCI’s Commitment
RE100 2018 Affected companies must commit to using 100% renewable energy by 2050 100% use of renewable energy by 2030
EP100 2019 Affected companies must set targets for improving energy productivity or integrate energy management systems

Integration of energy management system by 2026. Using 2016 as the base year, energy productivity will increase by 35% in 2040

SBTi 2021 Commitment to corporate carbon reduction targets based on a rigorous methodology developed by the Science-Based Target Reduction Initiative (SBTi) Using 2018 as the base year, decrease the absolute emission reduction of Scope 1 and 2 by 51% and decrease the emission of “purchase of goods and services” of Scope 3 by 15% by 2030. 
Alliance for Water Stewardship, AWS 2022 Improving the sustainable management of water resources: implementing internal (organizational) and external (watershed) measures to maximize the water resource benefits for society, the environment, and the economy.  The first Taiwanese company has been granted permission to join the Alliance for Water Stewardship (AWS), an international organization for water resource management.

*EP100 Energy Productivity Unit: Revenue/kWh

SUSTAINABILITY REPORT

TCI combines the research and development resources of the 14 main laboratories with the unique “Bioresource Data Mining” and “Integrated Bioscience Design” to create high-efficiency products for customers in 63 countries worldwide. Based on corporate social responsibility and to implement 8 major themes, TCI has established a dedicated unit under the President’s office: CSR Sustainability Promotion Committee, with Vincent Lin serving as the convener and chairman, and Chief Sustainability Officer Mandy Huang serving as the chief secretary, the committee includes: Sustainable Manufacture, Sustainable Product, Stakeholders, Risk Management, Value Chain Management, Corporate Governance, Information Security, and Social Care. The CSR Sustainability Promotion Committee consists of 15 members including accounting, legal affairs, sales, strategic intelligence, supplier, research and development, administration, corporate governance, human resources, etc. who will collectively consolidate the CSR policies and report to the Board of Directors at least once every year.

Download 2022 ESG Highlight Report
Loading...
Contact Us

Thank You

For any further question, please feel free to contact us Email:tci-us@tci-bio.com