Vision and Strategy

 

 

In order to achieve the Company's future development blueprint and respond to the trend of ESG issues that are of great concern to the market and stakeholders, Tyntek has endeavored to integrate the Company's operation and sustainability strategy. In 2022, the ESG Committee took the lead in formulating the Company's vision and mission and ESG development strategy, which will serve as the major pillar of Tyntek's sustainable development strategy. Based on the direction of this strategy, Tyntek will launch action plans in the areas of governance, environment, and social aspects, and link them to the United Nations' Sustainable Development Goals (SDGs), to gradually plan and carry out management and actions in each dimension of ESG to ensure the steady growth of the Company's business and integrate the spirit of ESG into the Company's operations and employees' daily work.

 

 

 

 

 

 

Sustainable Development Committee

In order to fulfill its corporate social responsibility, to be in line with international trends, and to actively respond to the environmental (E), social (S), and governance (G) issues that stakeholders are concerned about, Tyntek performs risk assessment and formulates countermeasures for each ESG dimension. In order to ensure the implementation of ESG-related systems or management approaches, the Company organized and set up the "Sustainability Committee" (ESG Committee) in July 2022 to coordinate and execute related business in accordance with the "ESG Committee Charter". The ESG Committee is composed of cross-departmental personnel, currently consisting of six members (four men and two women), selected once a year. It is the responsible unit for promoting the sustainable development of the Company. The board of directors appoints the president as the chair of the Committee, responsible for supervising the operation of the Committee, manage the impacts of the issues of the economy, the environment, society and the people, and regularly reports to the board of directors on the promotion and implementation performance of sustainable development.

 

 

The ESG Committee is chaired by the president. Based on the three aspects of environment, society and governance, the chair appoints a competent officer to serve as a member and executive secretary. Since ESG involves a wide range of issues, the Committee may set up task forces depending on the annual goals and issues, and appoint personnel from relevant units as executives, to ensure the promotion and implementation of tasks related to the corporate sustainable development. In 2022, the ESG Committee held a total of five meetings, with an average attendance rate of 96.67%. The reported matters and proposals included (1) the formulation of the Sustainable Development Committee Charter; (2) the formulation of ESG vision and mission policies; (3) identification of sustainability issues to be monitored, and formulating corresponding action plans; (4) goals and policy revisions for sustainability-related issues; (5) review of the implementation and evaluation for sustainability issues.

Beginning in the third quarter of 2022, the ESG Committee routinely reports to the Board of Directors on a quarterly basis on the results of sustainability-related efforts, work plans, and issues and countermeasures. As of the end of 2022, the ESG Committee had participated in two board meetings, and the reports included the organization and operation of the ESG Committee, the planning of ESG Committee projects, the ESG Sustainability Report, and the GHG Inventory and Verification. The Company's board of directors regularly listens to the reports of the management team, evaluates the possibility of the success of strategies, supervises and guides the progress of the Company's promotional strategies, and urges the management team to make adjustments when necessary.