Corporate Sustainability Management
ECOVE Environment Corp. is committed to practicing corporate social responsibility by focusing on its core business operations and actively responding to both domestic and international sustainable development trends, in line with the United Nations Sustainable Development Goals (SDGs). In addition to maintaining robust growth in business operations, we ensure the implementation of various corporate social responsibility initiatives through a comprehensive sustainable management framework. By listening and collaborating with stakeholders, we strive for synergistic cooperation, consistently cultivating three core areas to create sustainable value.
Sustainability Policy and Promotion Structure
Sustainable Policy and Vision
As the most reliable provider of industry-leading 'resource cycling' services in Taiwan, ECOVE has made the fulfillment of corporate social responsibility part of our key operational indicators. While pursuing the best interests for our shareholders, we also take into account the rights and interests of relevant stakeholders to create a sustainable and better living environment together. ECOVE Environment Corp. has established a sustainable strategy and vision to strengthen sustainable management, encompassing three major areas: corporate governance, environmental sustainability, and social prosperity. We are committed to "strengthening the resilience of our business operations," "dedicating ourselves to environmental conservation," and "fulfilling our social citizenship responsibilities."
ESG policy Statement
Furthermore, in order to further practice the spirit of corporate sustainability, ECOVE has developed the "Guidelines for Sustainable Development," which pledge to implement corporate governance, promote sustainable environmental practices, contribute to social welfare, and enhance the disclosure of information related to sustainable development. As we pursue sustainable business and profitability, we also prioritize adherence to environmental, social, and governance issues.
▼ ECOVE Guidelines for Sustainable Development
Corporate Sustainability Promotion Framework
To effectively implement corporate social responsibility, ECOVE has established the "Sustainable Development Committee" as the decision-making unit for sustainable development within the company, overseeing matters related to corporate social responsibility, environmental protection, and corporate governance. The Sustainable Development Committee is chaired by the Chairman and the President serves as the commissioner. It includes the Chairman, President, and department heads of subsidiary companies as members. The committee holds meetings semi-annually, reviewing the progress of mid-year implementation in the first-half meeting and evaluating the achievements of sustainable development and plans for the following year in the second-half meeting. Ad hoc meetings are convened as necessary to track and implement sustainable development initiatives. The committee comprises three subcommittees: the "Social Engagement Subcommittee," the "Environmental Protection Subcommittee," and the "Business Governance Subcommittee." These subcommittees consist of department heads responsible for respective issues, aiming to comprehensively promote sustainable development.
The Sustainable Development Committee provides regular reports to the Board of Directors on the progress and next-year plans for sustainable development. The most recent report was submitted in the fourth quarter of 2022, presenting the sustainable annual plan for 2023. The report covered various topics, including talent retention and recruitment, occupational safety and health, social engagement, renewable energy development, effectiveness of waste-to-energy plants, greenhouse gas inventory in offices, recycling and reuse initiatives, waste reduction, air pollution prevention, water resource management, and corporate governance. ECOVE will continue to execute sustainable development initiatives according to the plan. Starting from 2022, the sustainability performance will be linked to key performance indicators of the Board of Directors, President, and senior executives, ensuring the implementation of sustainable development practices.
Materiality Analysis
ECOVE is committed to addressing the specific challenges and opportunities of sustainability by incorporating the principles of inclusivity, materiality, reliability, and the eight reporting principles of the GRI Standards 2021 GRI 3. In addition to understanding the concerns of various stakeholders, we conduct an internal survey on the "operational impact level" among our members. By combining the assessment results of the sustainability impacts of different issues, we create a comprehensive materiality analysis. Through the evaluation of positive/negative impacts and actual/potential assessments on different economic, environmental, and social aspects (including human rights), we integrate the analysis of operational impact, sustainability impact, and external concern levels to determine the degree of impact for each issue. In terms of sustainability issues, we reference international standards and frameworks, including GRI, SDGs, TCFD, and SASB, as well as engage in communication with international peers and stakeholders, and consider the recommendations of external experts regarding relevant issues. This allows us to identify the sustainability issues that have significant influence on ECOVE and formulate management policies to integrate sustainability into our operational activities.
Stakeholder Communications and Feedback
ECOVE has established diverse communication mechanisms to listen to suggestions, understand the expectations, and address the concerns of stakeholders, serving as a driving force for improvement and enhancement. We utilize the quantification approach of the AA1000 SES:2015 (Account Ability 1000 Stakeholder Engagement Standard:2015) to evaluate the impact of stakeholders on ECOVE's operations based on five principles: dependence, responsibility, influence, diverse perspectives, and tension. Through collective identification by department members, we have identified six key stakeholders: employees, government, customers, shareholders, suppliers, and the community.
▼ Materiality matrix
Stakeholder Communications and Feedback
Response to the United Nations' Sustainable Development Goals
ECOVE carried out a comprehensive inventory of organizational objectives and practices, starting from our core competencies, and internalized SGDs into operational activities, deepened the Company's sustainable development so as to mitigate the impact of operating activities, and apprehend the opportunities for sustainable development.
Participation in External Organizations
Participation in Associations and Organizations
By participating in various associations and organizations related to industry development and operating strategies, ECOVE can strengthen our ties with the industry and the latest technologies. On top of enhancing service competitiveness and realizing industry impact, we can also increase the opportunities to form strategic alliances to create opportunities for business growth.
ECOVE has accumulated over 20 years of experience in waste incineration operation and has made significant developments in areas such as solar energy and recycling in recent years. In addition to being invited to share Taiwan's experience at domestic and international forums, ECOVE has also featured on the various key media. For instance, ECOVE utilizes multi-rotor unmanned aerial vehicles (UAVs) equipped with infrared thermographic cameras to inspect various equipment in power plants. This allows for rapid and extensive inspection operations that are not affected by the operating environment on site. By identifying equipment safety issues in advance and improving equipment reliability, ECOVE enhances the power generation efficiency of solar power plants. The application of this technology has been published in a renowned international journal in 2022.
Participation in Seminars or Forums
ECOVE actively participates in national and regional environmental policies and issues, and we share more than 20 years of experience in resource cycling industry development and operating strategies with public and private groups from the government, industry, and the academia as well as the public in response to invitations from domestic and overseas government or non-governmental organizations. This helps to build cornerstones in resource cycling economy and to ensure that we stay on top of the trends.
