Implementation Units and Policies
The Board of Directors approved the establishment of the Sustainability Development Committee in March 2022, which will assist the Board in continuously promoting sustainable development and the implementation of sustainable management practices, with the aim of strengthening corporate governance, environmental protection, and fulfilling social responsibilities (E.S.G.).
The Volunteer Committee’s organizational operation procedures are clearly defined, with the purpose of "serving to enrich oneself, beautifying communities with passion, serving people with patience, and creating a caring and healthy society." The Board of Directors has authorized the management office to oversee the "Volunteer Committee Organization" in promoting various community engagement and charitable activities. The committee regularly holds meetings to develop annual plans, track and manage implementation effectiveness, and provide regular updates on the company website and in various company publications.
For more details, please refer to the Volunteer Committee section on our company website.
Supplier Management
According to the procurement operation standards, Fortune's suppliers are required to comply with ISO and RoHS regulations, in accordance with the purchasing specifications.
The management of RoHS's six hazardous substances, including their prohibition/limitation, must be adhered to and strictly implemented. According to the 1P2036 contractor safety and health management operations, contractors are required to manage work permits, provide safety and health education and training, organize meetings, and conduct safety inspections to ensure effective work safety and hygiene measures. This is done to reduce both accidents within the company and those involving contractors. By minimizing accidents, the company ensures the safety of personnel, equipment, and property, reduces workplace safety and health incidents during operations, and minimizes environmental impact. Through the guidance system, contractors' consensus and safety knowledge are enhanced to maintain a safe operational environment at the plant.
The standard document 1W1611, "Environmental and Occupational Health and Safety Policy Commitment Letter," commits to reducing and preventing pollution source emissions, continuously promoting waste reduction, and complying with environmental regulations. In terms of occupational safety, it establishes policies for hazard prevention and self-protection, understanding potential hazards in activities, and adopting risk-reduction operations. Additionally, it aligns with the company's ISO 14001 environmental policy, ISO 45001 occupational health and safety policy, and ISO 50001 energy policy, as well as other related operational requirements, serving as one of the key criteria for qualifying suppliers.
The contracts with suppliers clearly stipulate the need to comply with relevant regulations, environmental health, and safety maintenance requirements. Suppliers are expected to uphold the spirit of corporate social responsibility, minimize the impact of operations on ecological benefits, community environments, and human society, promote and advocate for sustainable consumption concepts, and engage in research, procurement, production, operations, and service activities based on the following principles:
1. Reduce the resource and energy consumption of products and services.
2. Reduce the emissions of pollutants, toxic substances, and waste, and ensure proper waste disposal.
3. Enhance the recyclability and reusability of raw materials or products.
4. Maximize the sustainable use of renewable resources.
5. Extend the durability of products.
6. Increase the efficiency of products and services.
Both parties shall jointly commit to implementing corporate social responsibility. If Party B is found to violate corporate social responsibility matters, and such violations have a significant impact on the environment and society of the supplying community, either party may terminate or解除 the contract at any time.
To strengthen the quality management function of suppliers and ensure the environmental and social impacts of the supply sources, the responsibilities for supplier and material development are specified in the 1W1611 supplier development evaluation. The relevant operational regulations outlined above are to be followed, and collaboration with suppliers will be fostered to jointly implement corporate social responsibility.
Measures for Protecting Employees' Work Environment and Personal Safety
The company has planned and implemented environmental monitoring and equipment maintenance, and has established an EHS (Environmental, Health, and Safety) Information Platform website. The company promotes safety, health, and environmental goals through the implementation of three management systems: ISO 45001, ISO 14001, and ISO 50001.
Employee welfare measures and retirement systems typically include
To protect employees' occupational safety and health rights, the company provides "Employer's Compensation Liability Insurance and Group Accident Insurance," as well as group medical insurance for each employee. Additionally, a staff welfare committee is established to promote various welfare systems, ensuring that employees benefit both economically and mentally.
The company has a well-established retirement system to protect the rights of employees who choose the old pension system. In addition to gradually increasing the contribution rate, monthly contributions are made to employees' retirement preparation funds, which are deposited in Taiwan Bank for interest accumulation, ensuring sufficient funds for employees' retirement. According to the law, the company also contributes 6% of the insured salary for labor and health insurance to the personal retirement accounts of employees under the new pension system, and handles the related self-contributed pension procedures for employees.
The company has established an employee stock trust plan to assist employees in accumulating long-term wealth, providing stable financial planning, and ensuring their financial security after retirement or resignation. This plan further strengthens the employee welfare system, enhancing employees' recognition and sense of belonging to the company's long-term development, in alignment with the company's philosophy of sustainable operation.
Sustainable Development Practices Code
Fortune Electric Co., Ltd. (Revised on December 5th, 2024, Version: 2)
Article 1: In order to implement corporate governance and fulfill corporate social responsibility, the company shall consider the trends of sustainable development both domestically and internationally, and establish practical guidelines for sustainable development to manage the economic, environmental, and social risks and impacts.
Article 2: This guideline applies to Fortune Electric and its affiliated corporate group, covering the overall business operations of the company and its group enterprises. While engaging in business operations, the company actively practices sustainable development to align with international trends. Through corporate citizenship, the company aims to enhance national economic contributions, improve the quality of life for employees, communities, and society, and promote a competitive advantage based on sustainable development.
Article 3: In promoting sustainable development, the company should pay attention to the interests of stakeholders. While pursuing sustainable operations and profits, it is essential to consider factors related to the environment, society, and corporate governance. These factors should be incorporated into the company's management policies and business activities. Based on the principle of materiality, the company shall conduct risk assessments on environmental, social, and governance (ESG) issues related to its operations and establish relevant risk management policies or strategies.
Article 4: The company shall practice sustainable development based on the following principles:
- 1. Implement corporate governance.
- 2. Develop a sustainable environment.
- 3. Maintain social welfare.
- 4. Enhance the disclosure of corporate sustainability development information.
The company's commitment to sustainable development: The company adheres to Fortune's mission of "Ensuring employee safety," "Ensuring customer satisfaction," "Ensuring shareholder value," and "Ensuring social responsibility," focusing on corporate governance and integrity management, expanding green energy business, fulfilling corporate social responsibility, and coexisting with environmental sustainability.
Article 5: The company shall consider the development trends of domestic and international sustainability issues, the relevance to the company's core business, and the impact of the company's and its group enterprises' overall operations on stakeholders, in order to establish sustainability policies, systems, or related management guidelines and specific implementation plans. These shall be approved by the Board of Directors and reported to the Shareholders' Meeting.
When shareholders propose relevant motions related to sustainable development, the company's Board of Directors should consider them for inclusion as items on the shareholders' meeting agenda.
Article 6 The company shall adhere to the Corporate Governance Best Practice Principles, the Code of Conduct for Honest Business Practices, and the Employee Ethics Guidelines, establishing an effective governance structure to ensure sound corporate governance.
Article 7 The company's board of directors shall fulfill the duty of care of a good manager, supervise the implementation of sustainable development practices, and regularly review their effectiveness and continuous improvement to ensure the implementation of the sustainable development policy. When the board of directors promotes the company's sustainable development goals, it should fully consider the interests of stakeholders, including the following matters:
1. Propose the mission or vision for sustainable development, and establish sustainable development policies, systems, or related management guidelines.
2. Integrate sustainable development into the company's operations and development direction, and approve specific plans for promoting sustainable development.
3. Ensure the timeliness and accuracy of the disclosure of information related to sustainable development.
The company may delegate the handling of economic, environmental, and social issues arising from its operations to senior management, authorized by the board of directors, and report the progress to the board. The operational procedures and the personnel responsible for each aspect should be specific and clear.
Article 8: The company shall regularly conduct education and training on fulfilling sustainable development, including the promotion of matters outlined in the second paragraph of the previous article.
All employees of the company and its corporate group organizations shall adhere to the "Four Workplace Challenges" and implement the corporate culture of "Integrity, Fairness, Credibility, Friendship, and Mutual Benefit" to ensure effective corporate governance and fulfill corporate social responsibility.
Article 9: To strengthen the management of sustainable development, the company links with the "Taipei City Xu Xianliang Social Welfare Foundation," founded by the company’s founder, and establishes the "Huacheng Electric Volunteer Committee," responsible for proposing and executing sustainable development policies, systems, related management guidelines, and specific implementation plans.
The company shall establish a reasonable compensation policy to ensure that the compensation plan aligns with the organizational strategic goals and the interests of stakeholders.
The employee performance evaluation system should be integrated with the sustainable development policy, and a clear and effective reward and disciplinary system should be established.
Article 10: The company shall respect the rights and interests of stakeholders, identify its stakeholders, and through appropriate communication channels on the company’s website, understand their reasonable expectations and needs, and respond appropriately to the key sustainable development issues they are concerned about.
Article 11: The company shall comply with environmental regulations and relevant international standards, appropriately protect the natural environment, and strive to achieve environmental sustainability goals in the execution of its operations and internal management.
Article 12: The company shall strive to improve the efficiency of resource utilization and use materials with low environmental impact, such as recycled materials and biodegradable materials, to ensure the sustainable use of Earth's resources.
Article 13: The company shall establish an appropriate environmental management system based on its industry characteristics. The system should include the following items:
1. Collect and assess sufficient and timely information regarding the impact of operational activities on the natural environment.
2. Establish measurable environmental sustainability goals and regularly review their continuity and relevance.
3. Formulate specific plans or action programs as implementation measures and regularly review their effectiveness.
Article 14: The company has established a dedicated environmental management unit, the "Health and Safety Department," along with personnel to collaborate with various units in promoting environmental policies. They are responsible for formulating, implementing, and maintaining relevant environmental management systems and specific action plans, as well as regularly conducting environmental education courses for management and employees.
Article 15: The company shall consider the impact of its operations on ecological benefits, promote and advocate the concept of sustainable consumption, and engage in research and development, procurement, production, operations, and services according to the following principles to reduce the impact of its operations on the natural environment and human beings:
1. Reduce the resource and energy consumption of products and services.
2. Reduce the emission of pollutants, toxic substances, and waste, and ensure proper disposal of waste.
3. Enhance the recyclability and reusability of raw materials or products.
4. Maximize the sustainable use of renewable resources.
5. Extend the durability of products.
6. Increase the efficiency of products and services.
Article 16: To improve the efficiency of water resource use, the company shall properly manage and sustainably utilize water resources, and establish relevant management measures.
The company shall build and strengthen relevant environmental protection facilities to prevent pollution of water, air, and land; and make every effort to minimize adverse impacts on human health and the environment, implementing the best available pollution prevention and control technologies.
Article 17: The company should assess the potential risks and opportunities of climate change to the company’s present and future, take responsive measures for climate-related issues, and adopt commonly used national and international standards or guidelines to conduct and disclose the corporate greenhouse gas inventory. The scope should include:
1. Direct greenhouse gas emissions: Greenhouse gas emissions from sources owned or controlled by the company.
2. Indirect greenhouse gas emissions: Emissions generated from the use of purchased electricity, heat, or steam.
The company should track greenhouse gas emissions, water usage, and total waste weight, and establish policies for energy conservation, carbon reduction, greenhouse gas reduction, water usage reduction, and waste management. Additionally, the acquisition of carbon credits should be incorporated into the company’s carbon reduction strategy and planning, and driven accordingly to reduce the impact of the company’s operations on climate change.
Article 18: The company shall comply with relevant laws and adhere to international human rights conventions, such as gender equality, the right to work, and the prohibition of discrimination. In fulfilling its responsibility to protect human rights, the company shall establish relevant management policies and procedures, which include:
1. Present the company’s human rights policy or statement.
2. Assess the impact of the company's operational activities and internal management on human rights, and establish corresponding handling procedures.
3. Regularly review the effectiveness of the company’s human rights policy or statement.
4. In cases of human rights violations, the company should disclose the procedures for handling the affected stakeholders. The company shall adhere to internationally recognized labor human rights, such as freedom of association, the right to collective bargaining, care for vulnerable groups, prohibition of child labor, elimination of all forms of forced labor, and the elimination of employment and job discrimination. It should also ensure that its human resource policies do not discriminate based on gender, race, socioeconomic status, age, marital or family status, and that equal and fair treatment is implemented in terms of employment, working conditions, compensation, benefits, training, evaluations, and promotion opportunities.
The company shall provide an effective and appropriate grievance mechanism for situations that harm labor rights, ensuring equality and transparency in the grievance process. The grievance channels should be simple, convenient, and accessible, and appropriate responses should be provided to employees' complaints.
Article 19: The company shall provide employees with information to help them understand the labor laws of the country where the operations are located and the rights they are entitled to.
Article 20: The company shall provide employees with a safe and healthy work environment, including necessary health and first aid facilities, and strive to reduce factors that harm employee safety and health to prevent occupational hazards. The company shall regularly implement safety and health education and training for employees.
Article 21: The company shall create a positive environment for employees' career development and establish effective training programs for career skill development. It shall establish and implement reasonable employee welfare measures (including compensation, vacation, and other benefits), and appropriately reflect business performance or outcomes in employee compensation to ensure the recruitment, retention, and encouragement of human resources, achieving the goal of sustainable operation.
Article 22: The company shall establish regular communication channels for employees to ensure that they have the right to obtain information and express opinions regarding the company’s management activities and decisions.
The company shall respect the right of employee representatives to negotiate on working conditions, provide employees with necessary information and facilities, and promote negotiations and cooperation between employers, employees, and employee representatives.
The company shall reasonably notify employees of significant operational changes that may affect them.
Article 22-1: The company shall treat customers or consumers in a fair and reasonable manner, including principles such as fair and honest contracting, duty of care and loyalty, truthful advertising, product or service suitability, information disclosure, compensation and performance balance, complaint protection, and professionalism of sales personnel, and shall establish relevant execution strategies and specific measures.
Article 23: The company shall be responsible for its products and services and uphold marketing ethics. Its R&D, procurement, production, operations, and service processes should ensure the transparency and safety of product and service information. It shall establish and publicly disclose its consumer rights policy and implement it in its operations to prevent harm to consumer rights, health, and safety through its products or services.
Article 24: The company shall comply with government regulations and industry standards to ensure product and service quality.
The company shall adhere to relevant laws and international standards concerning customer health and safety, customer privacy, marketing, and labeling, and shall not engage in deceptive, misleading, fraudulent, or any other practices that undermine consumer trust or harm consumer rights.
Article 25: The company shall assess and manage various risks that may cause disruptions to its operations and reduce their impact on customers and society.
The company shall provide transparent and effective customer complaint procedures for its products and services, fairly and promptly address customer complaints, and comply with personal data protection laws and other relevant regulations.
Article 26: The company shall assess the environmental and social impact of its procurement activities on the sourcing communities and work with its suppliers to implement corporate social responsibility.
The company should establish a supplier management policy, requiring suppliers to follow relevant standards on environmental protection, occupational health and safety, or labor human rights, and evaluate suppliers for environmental and social impact before engaging in business transactions.
When entering contracts with key suppliers, the content should include compliance with both parties' corporate social responsibility policies, and provisions allowing the termination or cancellation of the contract if a supplier violates the policy and causes significant impact to the sourcing community's environment and society.
Article 27: The company shall assess the impact of its operations on the community and appropriately hire local labor from the operational location to enhance community recognition.
The company shall invest resources through business activities, material donations, corporate volunteer services, or other public welfare professional services to organizations or community development and education activities by civil organizations, charitable organizations, and local government agencies, with the aim of promoting community development.
Article 27-1: The company should continue to allocate resources to cultural and artistic activities or the cultural and creative industries through donations, sponsorships, investments, procurements, strategic collaborations, corporate volunteer technical services, or other support models, to promote cultural development.
Article 28: The company shall disclose information in accordance with relevant laws and corporate governance practices, and ensure the full disclosure of relevant and reliable sustainability information to enhance information transparency. The company shall disclose the following sustainability-related information:
1. The policy, system, or related management guidelines on sustainable development, and the specific implementation plans approved by the Board of Directors.
2. The risks and impacts on the company's operations and financial status resulting from the implementation of corporate governance, the development of a sustainable environment, and the maintenance of social welfare.
3. The company's sustainability development goals, measures, and performance in implementation.
4. The main stakeholders and the issues they are concerned about.
5. The disclosure of key suppliers' management and performance information regarding significant environmental and social issues.
6. Other information related to sustainable development.
Article 29: The company prepares its sustainability report by adopting internationally recognized standards or guidelines to disclose its efforts in promoting sustainable development, and obtains third-party assurance or verification to enhance the reliability of the information. The implementation details include:
1. Implementation of sustainability development policies, systems, or related management guidelines, along with specific implementation plans.
2. Key stakeholders and the issues they are concerned about.
3. The company's performance and review in implementing corporate governance, developing a sustainable environment, maintaining social welfare, and promoting economic development.
4. Future directions for improvement and goals.
Article 30: The company shall continuously monitor the development of domestic and international sustainability-related standards and changes in the business environment, and based on this, review and improve the sustainability development system established by the company to enhance the effectiveness of its sustainability efforts.
CommonWealth Magazine - CSR (Corporate Social Responsibility) Annual Ranking
Source:CommonWealth CSR Website