Center for Corporate Sustainability set up, aimed at encouraging responsibility
In a bid to enhance the caliber and pervasiveness of Taiwan’s corporate sustainability and social responsibility, the Taiwan Institute for Sustainable Energy ( TAISE,
) extended invitations to 27 leading domestic enterprises to jointly form the Center for Corporate Sustainability (CCS), which was recently launched at its offices on the 43rd floor of the Shin Kwong Life Insurance Tower.
Major companies such as China Steel Corporation, China Airlines Ltd., Compal Electronics, Inc. AU Optronics Corp., Advanced Semiconductor Engineering,Inc, Formosa Petrochemical Corp., Taishin Financial Holding Co., Ltd., CPC Corporation, Taiwan, Taiwan High Speed Rail Corporation, Taiwan Shin Kong Security Co., Ltd., Taiwan Power Company, Taiwan Semiconductor Manufacturing Co., Ltd., TransGlobe Life Insurance Inc., Acer Incorporated and Far Eastern Department Stores Co. Ltd. are among the 27 founding members of the Center.
Vice President Den-Yih Wu ( ) noted in remarks at the launch that Taiwan’s corporate sustainability represents a critical objective for government agencies.
The Financial Supervisory Commission announced plans for a fiveyear blueprint for enhanced corporate governance, designed to promote corporate governance policies, and last year began mandating that enterprises traded on the Taiwan Stock Exchange or GreTai Securities Market publish corporate social responsibility reports, heralding a greater future scope of reporting efforts, Wu said.
The establishment of the CCS represents a totally new vista and approach to resolving issues relating to development of corporate sustainability, said Wu.
TAISE Chairman and Center for Corporate Sustainability Advisory Board Chairman Eugene Chien ( ) said that the CCS was established in the hope of uniting Taiwan’s corporate forces, cooperating in promoting corporate sustainability development, and fostering Taiwan corporate sustainability standards and aligning with progress in the international community.
The CCS was established with a view to organizing corporate sustainability teams, establishing a platform for interchange and in the hope of fulfilling the four dimensions of “legal regulations and standards,” “education and training,” “publishing and promotion” and “research and development” to promote Taiwan’s corporate sustainability efforts and international exchange in the field, Chien said.
The four core missions of the CCS, Chien said, are: inculcating international corporate sustainability concepts, jointly developing a vision for corporate sustainability development; encouraging sustainability innovation, fostering governance transparency, exhibiting operational integrity and establishing economic sustainability for a prosperous society; responding to climate change, avoiding excessive resource degradation, reducing environmental and ecological impact and ensuring space for survival of environmental sustainability; and working to attain social integration, enhancing the quality of life, reducing income disparities and creating a “blessed” future built on social sustainability.