Page 10 - Taishin FHC Corporate Social Responsibility Report 2018
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About Taishin 008
To properly assess the level of social and economic benefits produced from Taishin Holding's type of investment portfolio that results in the least environmental externalities, and fulfill its
activities for the various groups of stakeholders, we have also treated expenses such as salary leadership role to increase sustainable investments of the financial industry.
(for employees), dividend (for shareholders/investors), tax (for the government), and depreciation Impact valuation is a new management approach that emerged only in recent years. The
(for suppliers) as positive economic values created by the organization, in addition to revenues. Company focuses on methodological development and establishes a comparative basis with
Contents From an environmental perspective, our assessment included damage to human health along reliability and consistency. We will continue directing attention to the international development
with potential social costs associated with use of water resource, greenhouse gas emission, on impact valuation and hope to use it as a sustainable management tool for the organization
Message from the Chairman
and incineration/landfill of waste, but excluded degradation of the ecosystem and depletion in the future.
Message from the President
(Chairman of CSR Committee) of resources. From a social perspective, we only took into consideration the social cost of
About Taishin occupational hazards, economic contribution of employees' career development, and various
• Company Profile health promotion activities we adopted to reduce employees' health risks, but excluded other
• Value Chain and Value Creation Model issues due to the complexity involved and lack of scientific methodology.
• Sustainability Impact Valuation Picture 2: There are the results of Impact Valuation in 2015~2018
In terms of value chain (upstream/downstream) impact, we adopted an Input-Output Analysis
• Analysis of Industry Risk and
Opportunity model to assess indirect economic values created by procurement and investment activities
• Operating Financial Performance given the interdependence of the industry chain. External cost of the Company's operations
• Information Transparency
is measured by the amount of pollutant created throughout the supply chain, including
• Membership in Associations Upstream Own operation Downstream
environmental impacts such as greenhouse gas emission, water pollution (COD), waste
• Awards & Honors 10,008
(incineration) and air pollution (PM2.5, NOx, SOx, NMHC and Pb) etc. Due to unavailability of (Unit: TWD 100 million)
I. Sustainability Plans 7,478 7,629
information, external social assessments for upstream/downstream have been omitted. 356 7,274
344
II. Sustainable Governance 312
The results showed that Taishin Holding's 2015-2018 own operations produce steady 297
III. Superior Service growing contributions in economic dimension year by year and relatively small environmental 67 58
IV. Sustainable Finance externalities, while social externalities mainly exist in the form of employment opportunities 30 28 31 32
34 36 Environmental Environmental Environmental
V. Friendly Workplace and economic benefits from employees' career development. From a value chain perspective,
Y15 Y16 Y17 Y18 Y15 Y16 Y17 Y18 Y15 Y16 Y17 Y18 Y15 Y16 Y17 Y18 Y15 Y16 Y17 Y18 Y15 Y16 Y17 Y18
VI. Green Operation social-economic contributions and environmental externalities mainly occur in downstream Economic -3.2 -3 -1.5 -1.7 Economic -0.06 -0.2 -0.2 -0.4 Social Economic Y15 Y16 Y17 Y18
investment activities. Increase to the investment amount in 2018 created higher economic
VII. Social Impacts The figures represent the positive or negative influence of Taishin FHC's operations
benefits than the previous year, but resulted also higher environmental externalities. The on economy, environmental or society, The degree of the impact is also converted to a
VIII. Stakeholder Engagement monetary value basis.
environmental externalities mainly represented damage to human health caused by particulate
Report Summary Note: The upstream/downstream data from social dimension is excluded due to not easy to obtain. -345 -342 -327
matters. In the future, Taishin Holdings will continue performing analyses to determine the -419
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