Formosa Transnational Reevaluates Promotion of CSR During WLG | impact

Published on Jul 14, 2022

Formosa Transnational (Taiwan) reevaluated its promotion of corporate social responsibility by using Taiwan's rules for public companies as a guide. The three perspectives the firm focused on are environment, society, and governance.

Environment—checked current energy consumption but also evaluated how to adopt eco-friendly products and implement energy conservation and a carbon reduction plan.

Society—reviewed current workplace rules and policies regarding employee rights and benefits and ensured safety and equality.

Governance—evaluated the feasibility of establishing a Sustainability Development Committee and what ESG related regulations (e.g. risk management policy and procedures) are necessary to address CSR and ESG issues effectively.