Page 7 - CPC 2018 Annual Report

SUSTAINABLE DEVELOPMENT 5 Capital
130.1
NT$ billion
Corporate Ideals
Expand international businesses and deepen local roots
Compliance with government
Revenue in 2017
896.64
regulations and NT$ international
agreements
billion
Active commitment to R&D for the creation of new areas of business
Establishment of key environmental protection indicators and the practice of fully transparent information disclosure
CPC joined the World Business Council for Sustainable Development (WBCSD) in 2006 and since then has divided its efforts towards sustainable operations into four areas: policy and R&D; environmental and ecological conservation; caring for the community; and environmental accounting and information. The company has presented the relevant information by publishing a Sustainability Report in 2007, 2009 and 2011-2016 that has garnered a number of awards for its excellence.
A cross-department Sustainable Operations Promotion Committee was formed in 2007 and started work the following year. Comprised of senior management representatives and chaired by CPC’s current Chairman of the Board with the President of the day as Vice Chair, its membership includes foreign scholars and other experts invited to serve as advisers. The Committee promotes initiatives in the four task areas mentioned above, meeting three times a year and tracking the progress towards sustainability in operations. Details on what has been achieved can be found in the above-mentioned annual CPC Sustainability Report.
As global warming and the resulting climate change intensify, CPC – all the while working diligently at its core businesses and at fulfilling its role as Taiwan's principal provider of clean energy - remains committed to creating positive outcomes in terms of environmental protection, economic development and concern for the community in order to create a better future for all.
2017 RECOGNITION AND HONORS
● Management Magazine - No.1 Consumers' Ideal Gas Station Brand for 13th consecutive year.
● Reader's Digest Trusted Brand Platinum Award for 17th consecutive year.
● Climate Leadership Award from the Taiwan Corporate Sustainability Report Awards.
● Taiwan Corporate Sustainability Awards - Energy Sector Gold Award in the ‘Top 50 Corporate Sustainability Reports’ category.
● The East Region Department of the Marketing Business Division won Silver in the 26th Annual ROC Enterprise Environmental Protection Awards.
CPC continues to preserve the CPC name, trademarked torch logo and English name to retain the business reputation it has accumulated over the years – one based on providing sufficient supplies of energy for the domestic market and building an international energy group.
The Board of Directors amended the Company's Articles of Incorporation on June 17, 2016
to reflect the relocation of its registered headquarters from Taipei to Kaohsiung City.
CPC formulated the elements of its sustainability policy as far back as 2003 and they remain aligned with global trends in environmental protection:
social development in the neighborhoods
around its industrial plants and exploration
sites, encouraging ecological conservation
(in particular, sparing no effort in regard to the eco-protection of areas
surrounding its own sites) fostering local culture and promoting education
on environmental issues. All of these activities are in keeping with the
21st-century trend towards a business model based on sustainability and
demonstrate CPC's emphasis on balancing economic growth, environmental protection and the welfare of the wider community.
Emphasis on
fulfilling CSR commitments and expanding services to the consuming public
Comprehensively clean production methods coupled with protection of the environment
Conservation
of water and energy resources through efficient utilization