TECO Wins Corporate Sustainability Report Platinum Award for 11 Consecutive Years

Taipei, The 2024 Taiwan Corporate Sustainability Awards ceremony was held today (December 11), and TECO Electric & Machinery Co., Ltd. (1504) has won the prestigious award for 11 consecutive years. This year, the company took home the "Top 100 Sustainability Model Enterprises Award" award and "Corporate Sustainability Report Platinum Award". TECO stated that it has fully implemented "Sustainability KPIs" and deeply embedded sustainability management into its corporate culture. The goal is to achieve a 50% reduction in emissions by 2030 and reach the ultimate objective of "net-zero emissions" for the entire group by 2050, empowering a sustainable future together with customers and stakeholders.

In terms of environmental performance, TECO is committed to low-carbon products and services, implementing internal carbon pricing since 2023. Both total carbon emissions and intensity have been steadily declining. In 2023, 74.4% of TECO's sales came from low-carbon products. To enhance the recognition of its low-carbon offerings, TECO referred to the ISO 14020 series standards to classify its motors and appliances based on environmental attributes, introducing a new brand ethos:

In terms of social responsibility, TECO signed an updated collective agreement with union representatives, including provisions that exceed labor law requirements. The company has also established a safe and healthy work environment, requiring supply chain members to adhere to TECO's "Human Rights and Environmental Sustainability Commitment" and international occupational safety standards and regulations. Since 2023, TECO has introduced KPIs to ensure gender balance in hiring and promoted DEI (Diversity, Equity, and Inclusion) activities.

In terms of corporate governance, TECO has ranked among the top 5% in corporate governance evaluations for nine years. The company has built a risk governance framework, conducting hedging oversight and audits at the board level. TECO also strengthens communication on ESG risk awareness throughout the value chain and links managerial bonus rates directly to sustainability KPIs, including greenhouse gas emissions, carbon intensity, and green supply chain robustness.