We firmly believe in reciprocity, and will fulfill the role of a responsible corporate citizen. We aim at establishing the value of our existence as an asset to the society and the nation.
Efficiency is stressed to upgrade operation results and attain CSC's corporate objectives.
Cooperation, coordination, and teamwork are emphasized internally to reach CSC's corporate objectives. Externally, CSC cooperates with the downstream customers to promote mutual benefits and to help develop the domestic steel industry.
CSC regards its employees as a valuable asset to the company, and assists them to develop intellectually to fulfill their potential. Creativity and aggressiveness are encouraged. CSC employees are loyal to the company because their professional dignity and deserved rights are valued.
In order to enhance its competitiveness and corporate sustainability over the long run, CSC pledged in January 2020 to become a leading-edge steel mill that provides premium products and services, and engage in the development of the green energy industry in the next 50 years. At the same time, CSC continues to deepen its foothold in the steel industry with new technologies and a new management mindset while holding fast to integrity and fairness, so as to move towards positioning CSC Group as “a group, which deems environmental protection and energy saving important, bases its headquarters in Taiwan, centers its development in Asia, and focuses on the business scope of steels and materials, engineering and services, as well as minerals and resources.”
In response to the challenges of carbon neutrality in three areas - resources, technology, and capital investment, CSC set up the Task Force on Energy Saving & Carbon Reduction and Carbon Neutrality in February 2021, which is charged with taking concrete actions on environmental protection and climate change. Furthermore, CSC has set short-, medium-, and long-term paths towards carbon reduction and carbon neutrality with a number of targets, including a 7% reduction in carbon emissions by 2025 compared to 2018 (a 1% reduction in carbon emissions each year), a 22% reduction in carbon emissions by 2030 compared to 2018 (a 3% reduction in carbon emissions each year from 2025 to 2030), and the ultimate goal of carbon neutrality by 2050.
CSC's performance in environment, social, and governance aligns with the 9 principles outlined in the new Sustainability Charter of the World Steel Association, which includes "climate action," "circular economy," "environmental care," "safety and health," "our people," "local communities," "responsible value chain," "ethics & transparent operations," and "innovation and prosperity." This demonstrates our unwavering commitment to sustainable development. CSC joined as a signing member in 2022 and is recognized as a leading enterprise in sustainable development within the steel industry worldwide.
CSC revised the "CSC Corporate Social Responsibility Policy" into the "CSC Sustainable Development Policy" in response to the amendment to the Sustainable Development Best Practice Principles for TWSE/TPEx Listed Companies, as well as international development trends. The "CSC Corporate Social Responsibility Best Practice Principles" was also amended into the "CSC Sustainable Development Best Practice Principles," increasing contribution to Taiwan's economy, improving quality of life among employees, communities, and society, and enhancing competitive advantage based on sustainable development as a corporate citizen, in order to achieve sustainable development.
In 2015, the United Nations adopted 17 Sustainable Development Goals (SDGs) as the guiding principles for cross-border cooperation among member countries for the next 15 years. CSC refers to the SDG Selector tool and SDG Compass steps to review the directions and content of CSC's sustainable development policy. Core SDGs contributed by CSC were identified. Furthermore, CSC took into consideration industry and regional characteristics and referenced the “Taiwan Sustainable Development Goals” announced by the National Council for Sustainable Development, Executive Yuan in July 2019 (hereinafter referred to as T-SDGs) to summarize the benefits of CSC's core SDGs.
Core SDGs | Taiwan SDGs Targets | UN SDGs Targets | Performances and Highlights |
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8.1: Take innovation, employment and distribution as core values to maintain moderate economic growth. | - |
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8.2: Increase the added value of the industry and promote the development of the Internet of Things and the digital economy. | 8.2: Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors |
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8.5: Improve labor productivity. | 8.5: By 2030, achieve full and productive employment |
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8.6: Implement learning and training measures to strengthen the employability of the younger generation. | 8.6: Substantially reduce the proportion of youth not in employment, education or training |
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8.7: Promote the safety of the work environment and protect the rights of female workers to participate in the Union. | 8.8: Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment |
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8.10: Improve the efficiency of industrial and agricultural water usage through measures such as water conservation and recycling technology. | 8.4: Improve progressively, through 2030, global resource efficiency in consumption and production |
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8.13: Develop green energy technology, enhance energy independence and diversity, and encourage the development of renewable energy. |
7.2: By 2030, increase substantially the share of renewable energy in the global energy mix 7.a: By 2030, enhance international cooperation to facilitate access to clean energy research and technology, including renewable energy, energy efficiency and advanced and cleaner fossil-fuel technology, and promote investment in energy infrastructure and clean energy technology |
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11.2: Provide the public with a safe, affordable, and highly accessible transportation system that is consistent with sustainable development. This includes improving road safety, expanding public transportation, and meeting the needs of physically-challenged people, older people, infirm people, women, and children in transportation. | 11.2: By 2030, provide access to safe, affordable, accessible and sustainable transport systems for all |
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11.6: Reduce the harmful effects caused by the urban environment. Including management of air quality, water, and other municipal waste. | 11.6: By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management |
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11.12: Improve the energy saving and carbon reduction benefits of buildings. |
7.3: By 2030, double the global rate of improvement in energy efficiency 12.2: By 2030, achieve the sustainable management and efficient use of natural resources |
Note: Energy-saving measures include buildings and process equipment, etc. |
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12.1: Implement the green factory system, promote the Cradle to Cradle (C2C) design concept, and encourage companies to produce green and low-carbon products. | - |
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12.2: Control the use of key materials, and include the sustainable management of the material life cycle to promote the sustainable use of raw materials. | 12.2: By 2030, achieve the sustainable management and efficient use of natural resources |
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12.4: Reduce waste generation through green production, improve waste recycling technology capabilities, promote recycling industry towards higher efficiency, and manage chemical substances and wastes in accordance with international regulations. |
12.4: Achieve the environmentally sound management of chemicals and all wastes throughout their life cycle, in accordance with agreed international frameworks 12.5: By 2030, substantially reduce waste generation through prevention, reduction, recycling and reuse |
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12.5: Promote the cross-industry cooperation chain, integrate energy resources for effective recycling, and promote the development of Taiwan's circular economy. | 12.2: By 2030, achieve the sustainable management and efficient use of natural resources |
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12.6: Encourage enterprises to adopt sustainable development measures and at the same time, disclose information on sustainable development and ensure the accuracy and quality of such information. | 12.6: Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle |
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12.7: Promote public and private sector to increase green procurement. | 12.7: Promote public procurement practices that are sustainable, in accordance with national policies and priorities |
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Economic growth, environmental protection, and social positive force constitute CSC's callings to sustainable development. In order to continuously enhance sustainable operation and management at the company, fulfill its commitment to sustainable development, and meet the expectations of its stakeholders, CSC has formulated its environmental, social, and governance (hereinafter referred to as ESG) goals for 2023 to 2030/2032 aimed at contributing to environmental, social, and governance/economic aspects with concrete actions and deepening the foundation of sustainability at the company, thereby leading industrial development and driving society upward.
Stakeholders' opinions are collected through various channels each year, and ESG goals of CSC are adjusted in coordination with operation and development strategies in a timely manner.
Aspect | Issue | 2022 Goals | CSC’s Achievements | Short-term (2023) |
Mid-term (2025) |
Long-term (2030/2032) |
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Governance/ Economy |
Operational Finance | 2030 goal: sales of advanced premium steel account for 20%. | |||||||||||||||||||||||||||||||||||||||||||||||||||
Company Governance |
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Business Integrity |
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Information Security |
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Smart production lines Note: The original goal of smart manufacturing was adjusted to smart production lines. |
Complete the development of 10 smart manufacturing projects. ○ | Completed a total of 20 smart projects. | Completed the development of 9 smart manufacturing production lines. | Completed the development of 28 smart manufacturing production lines. | Completed the development of 64 smart manufacturing production lines. | ||||||||||||||||||||||||||||||||||||||||||||||||
Society | Talent Development | Holding at least 3 promotion and training activities for the application of the corporate culture code of conduct. ○ | Organized 4 meetings sessions of "matters needing attention before interviews and disseminating corporate culture." | Holding at least 3 promotion and training activities for the application of the corporate culture code of conduct. |
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Talent Retention |
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Employee Care |
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Social Participation |
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Occupational Safety |
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Environment | GHG Management |
Reduce carbon emissions by 4% or cumulative reduction of 884,000 tonnes CO2e. ○ Note: Based year 2018. |
Cumulative reduction of approximately 1.358 million tonnes CO2e. Note: Based year 2018. |
Reduce carbon emissions by 5% or cumulative reduction of 1.105 million tonnes CO2e. Note: Based year 2018. |
Reduce carbon emissions by 7% or cumulative 1.547 million tonnes CO2e. Note: Based year 2018. |
Reduce carbon emissions by 22% or cumulative 4.862 million tonnes CO2e. Note: Based year 2018. |
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Air pollution |
Note: Accumulated pollutants reduction per year (since 2020). |
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Note: Accumulated pollutants reduction per year (since 2020). |
Note: Accumulated pollutants reduction per year (since 2020). |
Note: Accumulated pollutants reduction per year (since 2020). |
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Water Resource |
Reduce new water consumption by 46.9%.○ Note: Based on a water consumption of 130,000 cubic meters per day in 2017 when reclaimed water was yet to be introduced. |
Reduced new water consumption by 54.3%. |
Continue to reduce new water consumption by 46.9% in conjunction with the introduction of Fengshan River and reclaimed water from Linhai Reclaimed Water Plant. Note: Based on a water consumption of 130,000 cubic meters per day in 2017 when reclaimed water was yet to be introduced. |
Plan the introduction of (alternative sources of) reclaimed water from Hefa industrial parks, and reduce new water consumption by 54.4%. Note: Based on a water consumption of 130,000 cubic meters per day in 2017 when reclaimed water was yet to be introduced. |
Continuously assess the feasibility of consuming 13,000 cubic meters of desalinated seawater per day in a move towards diversification of water sources, with the expectation of reducing new water consumption by 64.4%. Note: Based on a water consumption of 130,000 cubic meters per day in 2017 when reclaimed water was yet to be introduced. |
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Energy Management |
2015-2022 annual average power-saving rate>1%. ○ |
2015-2022 annual average power-saving rate reaches 1.89% |
2015-2023 annual average power-saving rate > 1%. |
2015-2025 annual average power-saving rate > 1.05% |
2015-2030 annual average power-saving rate > 1.1% |
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Circular Economy and Co- production between Steel and Petrochemical Plants | Establish a pilot production line involving co-production between steel and petrochemical plants that captures 4,900 tonnes of carbon monoxide per year. | The pilot plant was completed at the end of September, and commissioning and acceptance was completed in December. | Develop carbon monoxide production technology for co-production between steel and petrochemical plants with carbon monoxide concentration >98.5%. | Establish a demonstration production line involving co-production between steel and petrochemical plants that reduces carbon emissions by 240,000 tonnes per year. |
Promote the commercial application of co-production between steel and petrochemical plants in Dalinpu to reduce carbon emissions by 2.9 million tonnes. Note: Completed before 2040. |
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Resource Circulation Management |
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Note: ○ represents the achieved goals while △ representing goals that fail to achieve.