Page 5 - 2024 CPC Corporation,Taiwan

Message from Chairman & President ●
the Guangming Complex Charging Station in Hsinchu, has also demonstrated CPC’s pursuit of the integration of energy creation, energy use, energy storage and energy intelligence. In addition, a total of 100 electric motorcycle charging systems were launched in June 2023, providing the public with multiple convenient and friendly energy supply services.
In the area of strengthening energy supply, in line with the government’s energy transition policy, we continue to promote various major infrastructure projects, investing in eight projects to stabilize natural gas supply, five projects for refinery transition and two projects to improve refinery resilience.
In terms of the supply and development of zero-carbon energy, in response to domestic needs, we have cooperated with international energy companies to purchase two third-party certified carbon-neutral natural gas, with a carbon reduction quota of 428,000 metric tons. In addition, we are actively involved in the development of geothermal energy in Taiwan. We have completed a joint-test of five geothermal wells in Tuchang, Yilan, assisted TCC Green Energy Corporation in the drilling of two geothermal wells in Hongye, Taitung, and conducted research into the geothermal energy in the Yilan Plain and the Datun Mountain area.
In terms of social inclusion, in 2023, CPC won a number of national awards in the ESG and sustainability categories, consistently leading state-owned companies and ranking among the top of all the major companies in the country. It also fully demonstrated the energy it has cultivated for a long time in the three major areas of community care, public health, and gender equality, which mainly include the Cultivating Slow Flying Angels and Promoting Kindness Gas Stations program, which was awarded the Top Community Centric Companies in Asia award. The company was the first in Asia to receive the award.
Public toilets in the directly operated stations are all ranked as excellent, and, for the third consecutive year, the company has worked with its franchise partners to clean public toilets on World Toilet Day.
Nearly half of the male employees who have babies apply for parental leave, which has been recognized by the Asia-Pacific Sustainability Action Awards at the silver level, the Taiwan Sustainability Action Awards at the bronze level, and with the TCSA’s Gender Equality Leadership Award. The company has also made efforts to create a friendly workplace and to offer a high-quality environment for raising children, and it has officially opened the Child Care Center for the children of its employees in the CPC building in 2023. This connects with Miaoli, Kaohsiung, and Chiayi non-profit kindergartens, so that employees will have no worries about their work.
In December 2023, COP28 reached a resolution to transition “away from fossil fuels in energy systems” and agreed to accelerate by increasing the capacity of renewable energy installations and energy efficiency. The direction of future development of CPC is in line with this international trend. Looking ahead, the overall economic situation remains volatile. To consolidate the core business during a transition phase, CPC will not only fulfill its mission of stabilizing domestic oil and gas supply but also continue to expand its operations, and follow the provision of clean energy under the government’s net-zero pathway by adopting the strategy of “premium oil, carbon reduction, and clean energy.” It will also introduce emerging digital intelligent technologies to increase research and development capabilities. In this way, we hope to forge a consensus among all our employees and work together with our stakeholders to realize our vision to become a “diversified, innovative, and sustainable international energy company”.
President
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