Fulfilling corporate social responsibility (CSR) is seen as an important part while carrying out ECOVE operations. Besides continuing to pay attention to both domestic and overseas CSR topics, we have also linked Sustainable Development Goals (SDGs) with our operating core. We pursue sustainable management and profitability to protect the rights and interests of each stakeholder and to fulfill CSR in practice, on top of promoting economic, environmental, and social progress to achieve the goals of sustainable development.
ECOVE attaches great importance to the implementation of corporate social responsibility and our contributions to society and the environment. Therefore, a CSR Committee was established in 2014, in which the Group Shared Services (GSS) is in charge of coordination and communications among the various work groups under the Committee and to hold meetings with each work group to supervise their results. This system enables the Company to achieve effective implementation of corporate social responsibility activities. To further strengthen the philosophy of corporate sustainability, the "ECOVE Corporate Social Responsibility (CSR) Best Practice Principles" were established, and various CSR-related activities are carried out in accordance with the Principles with the goal of fulfilling CSR to promote economic, social, and environmental balance and sustainable development.
▼ ECOVE Corporate Social Responsibility Best Practice Principles
The CSR Committee is the main decision-making and promotion unit of ECOVE's corporate social responsibility practices. The Chairman of the Company serves as the Chairman of the Committee and the highest-ranking executives as the members of the Committee. The Committee reports to the Board of Directors regularly on the effectiveness of CSR-related activities.
Statement of CSR Policy
The fulfillment of corporate social responsibility (CSR) has always been the principle of all ECOVE operations. Besides pursuing for the greatest interests and benefits for shareholders, we also protect stakeholders' rights and interests, abide by socially-recognized ethical standards, and advocate for energy conservation and carbon reduction to mitigate climate change. We hope to build a fair and just society and a sustainable, positive living environment by combining the efforts of all stakeholders on top of fulfilling three major commitments: strengthening the Company's management structure, striving to carry out environmental protection in practice, and fulfilling the social responsibilities as corporate citizen. ECOVE hopes to safeguard a beautiful environment for the next generation, and to collectively work toward a brighter future with the public.
▼ Key Points in ECOVE's CSR Best Practice Principles
▼ ECOVE's Three Major Commitments
ECOVE recognizes that the CSR Report is a platform for businesses to disclose both financial and non-financial information as well as a tool for communicating with stakeholders. We have conducted materiality analysis through participation and discussions from the CSR Committee in line with GRI Standards and AA 1000SES standard.
Stakeholder Communications and Feedback
By communicating with stakeholders, ECOVE can understand their aspirations and concerns, which serves as the driving force behind our improvements and enhancements. We evaluated the levels of influence from stakeholders to ECOVE's business operations based on five major principles from the quantitative methods of AccountAbility 1000 Stakeholder Engagement Standard:2015 (AA 1000 SES:2015), including Dependency, Responsibility, Influence, Tension, and Diverse Perspective. Finally, members of all CSR teams collectively identified 6 major stakeholders, including employees, government, customers, shareholders, suppliers, and the community. To respond to the topics of concern from the major stakeholders, ECOVE has built diversified communication mechanisms to listen to recommendations. By communicating with and responding to stakeholders in an effective way, ECOVE's operations and investments have reaped even greater benefits.
▼ Materiality Analysis Matrix
Sustainable Development Goals (SDGs)
ECOVE strives to incorporate global sustainable development vision into the roadmap for our core business operations. We integrate the Company's sustainable goals with SDGs, coordinate organizational goals and actions, exert our core competencies, and continue to work toward sustainable activities. We internalize SDGs into our operating activities to strengthen the Company's sustainable development and reduce impacts from operating activities in order to build a sustainable, brighter future.
Participation in External Organizations
Membership in Associations
By participating in various associations and organizations related to industry development, ECOVE can strengthen our connection with the industry and the latest technologies. On top of enhancing service competitiveness and realizing industry influence, we can also increase the opportunities to form strategic alliances to create opportunities for business growth.
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.
Participation in Seminars or Forums