Sustainability Report
Starting with the 2002 Environmental Report, China Steel Corporation (CSC) has widened the scope of non-financial reporting to all aspects of corporate social responsibility (CSR) and sustainability. This year, the report is renamed the Sustainability Report due to the current regulations. Since 2010, CSC has been publishing annual Sustainability Reports in accordance with the Global Reporting Initiative (GRI) guidance, as an important channel to disclose non-financial related information and improve sustainability performance. In 2012, the CSC sustainability website was launched for more accessible, transparent, timely, complete, and interactive reporting. Sustainability Reports and the sustainability website are important communication channels as well as CSC's integral approaches to continual improvement of sustainable operations.
Standards
The 2022 CSC Sustainability Report has been prepared in accordance with the the GRI the Global Reporting Initiative (GRI) Standards 2021 and “Taiwan Stock Exchange Corporation Rules Governing the Preparation and Filing of Sustainability Reports” by TWSE Listed Companies. It also refers to the OECD Guidelines for Multinational Enterprises, the UN Global Compact (UNGC), the UN Sustainable Development Goals (SDGs), ISO 26000 Guidance on Social Responsibility, Sustainability Accounting Standards Board (SASB), and non-financial disclosure of the steel industry.
Reporting Period
This report is issued once annually and the current issue of this report covers CSC‘s operational systems and practices with a special focus on CSC’s management approach and performances on material topics. The reporting period of this report is consistent with the financial report.
Sustainability Reporting Group
Includes Human Resources Dept., General Affairs Dept., Public Affairs Dept., Purchasing Dept., Marketing Dept., Transportation Dept., Marketing Administration Dept., Finance Dept., Accounting Dept., Information System Dept., Secretariat Dept., Industrial Engineering Dept., Corporate Strategy Dept., Legal Dept., Iron & Steel Research & Development Dept., Metallurgical Dept., Intellectual Property & Testing Technology Dept., Green Energy & System Integration Research & Development Dept., Engineering Management Dept., Steelmaking Dept., Utilities Dept., Plant Engineering & Maintenance Dept., Electrical & Control Dept., Production Planning Dept., Industrial Safety& Hygiene Dept., Environmental Protection Dept., Internal Audit Office, CSC Group Education Foundation and etc.
Reporting Scope
The reporting boundary encompasses financial disclosures consistent with the scope of consolidated financial statements, with other disclosures covering CSC entities, including the Head Office, Stone Quarry Processing Yard, Osaka office, Taipei Liaison Office, and China Steel Building. It does not include subsidiaries compared to CSC‘s consolidated financial statements (consolidated financial statements, pages 16-19). The environmental data presented in this report is primarily based on the Head Office, while for other entities, please refer to the relevant chapter annotations.
Report on Management Methods and Quality
Data and information presented in this report were supplied by CSC departments with the approval of respective Directors. The initial draft, compiled by the Environmental Protection Dept., was reviewed by the sustainability reporting group. It was confirmed through a rigorous administrative procedure before being finalized and was published after the resolution of the Board of Directors. This report was assured by BSI, in adherence to AA1000 Assurance Standard v.3 as conducted in accordance with Type 1 moderate level of assurance while part of the data complies with Type 2 high level of assurance as well as the GRI Standards. Financial information was extracted from financial reports audited by CPA.
