ECOVE is actively committed to sustainable development, expanding its business scope based on four core areas: "Waste Cleanup," "Renewable Energy," "Recycling and Reuse," and "Mechanical and Electrical Maintenance and Rectification." We pay attention to domestic and international sustainable development trends and actively respond to the United Nations Sustainable Development Goals (SDGs). Through a well-established framework for corporate sustainability management, we strive to achieve stable and robust business growth while fulfilling our corporate social responsibility. Ongoing communication and collaboration with stakeholders is essential to creating sustainable value.
Sustainability Policy and Promotion Structure
Sustainable Policy and Vision
Every Resource Counts is the core principle of ECOVE. By integrating the concept of sustainability into the corporate culture through a circular economy operating model, we aim to make sustainability the core competitive advantage and essence of the Company. To achieve this, our strategy is to align our core business with the SDGs and address key issues. ECOVE's sustainable development focuses on three key areas: corporate governance, social engagement, and environmental protection. We are committed to improving the quality of our operations, fulfilling our responsibilities as corporate citizens, and optimizing the efficiency of resource recycling. In doing so, we aim to achieve our vision of a sustainable resource cycle.

Sustainable Development Strategies

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.

Corporate Sustainability Promotion Framework
ECOVE has established the "Sustainable Development Committee" as the highest 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. Meetings are held every six months, with the first half of the year focusing on reviewing progress in implementation, and the second half focusing on reviewing and discussing the achievements in sustainable development for the current year and the plans for the following year, ensuring effective tracking and management. The committee comprises three subcommittees: the "Social Engagement Subcommittee," the "Environmental Protection Subcommittee," and the "Business Governance Subcommittee." These subcommittees consist of general managers of various subsidiaries and department heads, aiming to effectively promote sustainable development. The Sustainable Development Committee provides regular reports to the Board of Directors on the progress and plans for sustainable development. The Board is responsible for overseeing the development of management policies, strategies, and objectives, and for reviewing, monitoring, and evaluating their implementation. The most recent report was submitted to the Board of Directors in the fourth quarter of 2023, presenting the sustainable annual plan for 2024. The report covered various topics, including talent retention and recruitment, occupational safety and health, social engagement, renewable energy development, greenhouse gas inventory and management, recycling and reuse initiatives, air pollution prevention, water resource management, and corporate governance. We will continue to implement sustainable development initiatives in accordance with the plan. Starting in 2022, sustainable performance will be linked to key performance indicators for directors, general managers, and senior executives in order to promote sustainable development. For further information, please refer to the "Remuneration Structure for Directors and Managers".
Organizational Structure of the Sustainable Development Committee

Materiality Analysis
ECOVE is committed to addressing the specific challenges and opportunities of sustainability by incorporating the principles of inclusiveness, materiality, reliability, and the eight reporting principles of the GRI Standards 2021 GRI 3, which incorporates the principles of inclusiveness, materiality, reliability, and the eight reporting principles. Through a meticulous materiality analysis process, we identify the key issues for ECOVE and develop management policies to promote and achieve sustainable development.
Identification
We adhere to the five principles of the AA1000 Stakeholder Engagement Standards (SES): Dependence, Responsibility, Tension, Influence, and Diverse Perspective. Through discussions, six major stakeholders were identified: shareholders/investors, customers, employees, suppliers/subcontractors, the community, and the government. In terms of sustainability, we gather both internal and external perspectives to identify issues related to ECOVE's operations. Our sources include internationally recognized sustainability standards and norms such as GRI, SDGs, TCFD and SASB. In addition, we consider our internal operational goals, international industry benchmarks, stakeholder feedback, and external expert recommendations to develop a comprehensive list of 20 issues relevant to ECOVE's operations. Compared with the previous year's topics, we have combined "Green Operations and Living" and "Environmental Protection Expenses and Results" into "Resource Management" to address environmental concerns. In addition, we have added "Recycling and Reuse" to align with our business priorities and "Biodiversity" to reflect sustainability trends. In the area of society, we have combined "Employee Care" and "Talent Retention and Recruitment" into "Talent Attraction and Retention," and renamed "Career Development and Training" as Talent Development.
Analysis
ECOVE conducted a Critical Issue Analysis focusing on three dimensions: "Stakeholder Level of Concern", "Organizational Operational Impact" and "Sustainable Development Impact". By conducting internal and external surveys and analyzing the results, ECOVE identified material sustainability issues affecting the Company.

Validation
Based on the above analysis results, after discussions among representatives of the Sustainable Development Committee and reporting to the Chairman, 14 significant sustainability issues were determined. These significant sustainability issues correspond to 10 GRI themes and 4 specific ECOVE topics. There were three significant changes in the major sustainability issues compared to last year. "Participation in Public Infrastructure" has transitioned from a major issue to a non-major issue, while "Waste Management" and "Climate Change Management" have shifted from non-major issues to major issues. We also analyze the location of each issue within the value chain, including upstream, operations and downstream, to collect and disclose relevant information. We then establish management policies and targets to address sustainability impacts.
Impact Assessment Process

Stakeholder Communications and Feedback
ECOVE has implemented a variety of communication mechanisms to actively listen to suggestions, understand stakeholder expectations and concerns, and drive improvements and enhancements. We have assessed the impact of stakeholders on ECOVE's operations using the AA 1000 SES:2015 framework and identified six key stakeholders: shareholders/investors, customers, employees, suppliers/subcontractors, community and government.

The Contact Person to key stakeholders
Materiality matrix

Response to the United Nations' Sustainable Development Goals (SDGs)
Leveraging its core competencies, ECOVE began by conducting a thorough assessment of the organization's goals and practices. As a result, they identified 8 Sustainable Development Goals (SDGs) that are highly relevant to ECOVE's work. We have integrated the Sustainable Development Goals (SDGs) into our operational activities to strengthen the Company's commitment to sustainable development, minimize the impact of our operations, and capitalize on opportunities for sustainable growth.

Participation in External Organizations
Participation in Associations and Organizations
Strengthening the link with industry and staying abreast of the latest technology are critical to improving the competitiveness of services and exerting industrial influence. ECOVE enhances its service level, expands market opportunities, and shapes the future development direction of the industry by participating in various industry development and sustainable management-related public academic association organizations. This is achieved by fostering innovation, promoting knowledge sharing, and advancing technology development.

In addition, ECOVE has accumulated over 20 years of experience in waste incineration operations 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 been featured in various key media. By adding a combustible gas boosting system to the shock wave dust cleaning system, ECOVE can improve energy efficiency and automate the dust cleaning process. The use of this technology has been featured in a renowned international journal in 2023.

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 cycle industry development and operational strategies with public and private groups from government, industry, and academia, as well as the public in response to invitations from domestic and overseas governmental or non-governmental organizations. This helps to build cornerstones in the resource circular economy and further promote sustainable resource utilization & economic development.


Invited to the Chemistry National Meeting organized by Kaohsiung University, ECOVE shared practical experience in circular economy.