Sustainable Development Policy

 

 

To realize the company's vision for future development and address the growing market and stakeholder focus on sustainability issues, Tyntek established a sustainable development strategy blueprint in 2022, led by the Sustainable Development Committee (ESG Committee). To further enhance sustainability governance, the company elevated the Sustainable Development Committee to a functional committee under the Board of Directors as of August 9, 2024.

Additionally, Tyntek integrated its original vision, mission, and sustainability strategy, culminating in the approval of the Sustainable Development Policy by the Board of Directors on November 8, 2024. This policy serves as the core framework for the company's sustainable development, focusing on six United Nations Sustainable Development Goals (SDGs) that are closely aligned with its initiatives. The company has outlined corresponding short-, medium-, and long-term objectives and action plans across governance, environmental, and social dimensions to achieve the goal of sustainable operations.

 

 

Sustainable Development Policy

 

Sustainable Development Committee

The company established the “Sustainable Development Committee” (ESG Committee) in July 2022, comprising cross-departmental personnel to execute related tasks under the “ESG Committee Charter”. The committee regularly reports to the Board of Directors. To further strengthen sustainability governance, the committee was officially upgraded to a functional committee under the Board of Directors on August 9, 2024.

The committee members, appointed by the Board of Directors, consist of four directors (three males and one female), including three independent directors. One member is elected as the convener by the committee. The committee holds at least two meetings annually to fulfill its responsibilities in promoting corporate sustainable development and reports its plans and implementation results to the Board of Directors.

Given the broad scope of sustainability-related affairs, the committee established dedicated working groups and an executive secretary to ensure effective implementation. The General Manager was designated as the leader of these working groups to assist the committee in advancing various initiatives, ensuring the promotion and execution of sustainability-related efforts.

 

▼ Organizational Structure and Responsibilities of the Sustainable Development Committee

 

 

The operational status of the original ESG Committee and the Sustainable Development Committee established under the Board of Directors in 2024 is described as follows:

Committee ESG Committee Sustainable Development Committee
Attribute Composed of internal relevant managers Appointed by the Board of Directors
Term Dissolved after the establishment of the Sustainable Development Committee under the Board of Directors on August 9, 2024 August 9, 2024 – May 29, 2027
Members 6 managers
(3 males, 3 females)		 4 Board members
(3 independent directors, 1 director)
(3 males, 1 female)
Operational Period January 1, 2024 – August 9, 2024 August 9, 2024 – December 31, 2024
Number of Meetings 7 times 2 times
Number of Reports to Board 3 times 1 time

 

The Sustainable Development Committee provides quarterly reports to the Board of Directors on the execution results, work plans, issues, and countermeasures related to sustainability initiatives. As of the end of 2024, the combined number of reports submitted by the original ESG Committee and the Sustainable Development Committee to the Board of Directors totaled four. These reports covered topics such as the operation of sustainability organizations, implementation of promotion plans, the sustainability report, and greenhouse gas inventory and verification.

The Board of Directors regularly evaluates the potential success of strategies through reports from the Sustainable Development Committee and the management team. It oversees and guides the progress of the company's strategies, urging the management team to make adjustments when necessary.