Cen­ter for Cor­po­rate Sus­tain­abil­ity set up, aimed at en­cour­ag­ing re­spon­si­bil­ity

The China Post - - TAIWAN BUSINESS -

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.

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