Extreme weathers have increased in severity in recent years. By the end of 2023, about 140 nations worldwide had set net zero targets and implemented policies to accomplish them. Taiwan, too, has announced its 2050 net zero emission goals in line with the rest of the world. Being a state-owned enterprise and a leader of the petrochemical/ energy industry, CPC has adopted three transformation strategies with different emphases on High-value Petrochemical, Low-Carbon Emission and Lean-Renewable Energy”. Meanwhile, CPC continues to direct attention to the latest low carbon trends, and takes pragmatic actions to reduce emission, improve fuel quality, develop renewable energy sources and carbon negative technologies, and work with all stakeholders toward exploring new business opportunities for a sustainable, net zero future.
Sustainable Management Committee CPC assembled a “Sustainable Management Committee” in 2005 to plan and promote sustainability-related affairs. Starting from 2024, the Sustainable Management Committee has been reorganized to contain three tiers, namely “supervision, planning, and execution,” for better alignment with international and regulatory trends and to more actively involve the board of directors in sustainable governance.
To further increase the level of supervision and involvement from the board of directors in sustainability-related matters and to hold senior managers responsible for ESG performance, CPC has appointed the Chairman to assume the roles of committee chair and Chief Sustainability Officer, and assigned the President to the roles of deputy committee chair and Deputy Chief Sustainability Officer, who are tasked with the responsibility to promote ESG culture throughout the organization. Meanwhile, some of the directors, vice presidents, and outside experts and scholars have been designated as committee members to take part in examining sustainability issues that are relevant to business operations and are of stakeholders’ concern. Together, they conduct rolling reviews on CPC’s economic, environmental, and social impacts as well as responsibilities.
The Sustainable Management Committee convened three meetings in 2023, and directors were invited from time to time to raise proposals relating to sustainability; additionally, the President made unscheduled reports to the board of directors regarding the progress and outcome of sustainability practices. Internal departments were also required to make special reports to the board of directors and examine the impacts of economic, environmental, social, and governance issues as well as responses.
2023 Winning Records
SDGs