Sustainability Development

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2022 ESG Report
2020 ESG Report



Sustainable Development Strategy and Performance

SiRUBA actively committed to promote sustainable development, we believe in upholding the principles of integrity in management, fulfilling corporate governance responsibility, and embracing the concept of sustainable development. We will integrate the ideals of sustainable development into our operational decisions and actions. Additionally, we are dedicated to fulfilling our social responsibilities and creating enduring value for the enterprise through sustainable practices.

Sustainable Development Committee

To establish an environment conducive to sustainable development encompassing aspects such as society and corporate governance (ESG), SiRUBA underwent a transformative process. In 2021, the Board of Directors sanctioned the “Code of Practice on Corporate Social Responsibility.” By 2022, this was re-branded as the “Code of Practice on Sustainable Development,” serving as SiRUBA’s foundational policy and benchmark for sustainable development. A Sustainable Development Committee was instituted, comprising the General Manager, department-level directors and above, plant supervisors, and the CEO of the SiRUBA Foundations. Their collaborative mission involves crafting corporate strategies and objectives for sustainable development, as well as formulating pertinent management protocols and targeted promotion plans. This committee comprising the General Manager, division-level directors (or equivalent), plant directors, and the CEO of the SiRUBA Foundation, coalesces to define corporate strategies and objectives for sustainable development. It also devises relevant management policies and specific promotional initiatives. The Sustainable Development Committee has also established an expert panel to compile concerns voiced by stakeholders, encompassing topics spanning environmental impact ,job security, supply chain management, labor right, operational performance, and corporate governance. Furthermore, a dedicated stakeholder domain was set up to address sustainable issues and prioritize stakeholder rights.

Sustainable Development Goals

The Sustainable Development Goals (SDGs), a plan introduced by United Nations in 2015, outline 17 targets for sustainable development encompassing 169 specific details. These principles of sustainability are intended to be adopted by member countries and businesses globally by the year 2030.
SiRUBA has integrated these sustainable development targets into the company’s operational strategy. Our focus will revolve around expanding the finance performance and ensuring legal compliance, raising the enhancing employee treatment to attract top talent, eliminating any inequalities in the workplace, curbing water and greenhouse gas emissions, and engaging suppliers to transform their work environment. We are committed to further contributing to the pursuit of sustainable development objectives, fulfilling our corporate social responsibilities and embracing a positive outlook for the future.

About Report

Editorial Policy

This report covers the period from 1%, January to 31%, December in 2022, and is a voluntary disclosure of the sustainability report of KAULIN MFG. CO., LTD. (SIRUBA for short), which includes the disclosure of the sustainability indexes of the company’s governance, economic, social and environmental aspects. In order to reveals the compete achievement of SiRUBA sustainable development and present the result of stakeholder’s communicating. We take the latest GRI Standards (GRI Standards), Sustainability Accounting Standards Board( SASB), Task Force on Climate-related Financial Disclosures(TCFD) and the government authorities require the “Procedures for the Preparation and Reporting of Corporate Sustainability Reports by Listed Companies” to be prepared and aligned with the “United Nations Sustainable Development Goals” (SDGs), to report to stakeholders in a responsible manner on the Company’s economic, environmental and social strategies and activities, as well as to demonstrate the fulfillment of the Company’s social responsibility and its determination to develop in a sustainable manner.

Report Review Instructions

The information and data in this report were collected by the Corporate Sustainability Committee, which is directly under the Chairman of the Board of Directors,from various members of the committee, focusing on domestic and international economic, environmental, and social sustainability issues. The committee used multiple channels to learn the issues that stakeholders concerned, and utilized the process of deliberation and analysis to identify Materiality topics involvinthe company. Based on the Materiality topics, collecting various management policies and performance information, which were reviewed and confirmed by the Sustainable Development Committee, and approved by the Chairman and the President in final, before being made available to stakeholders through public channels. The financial data in this report is based on the annual report. This report has not been verified by a third party. To enhance the quality of disclosure in the future we will evaluate the possibility of engaging a third party to verify the report, ensuring its compliance with the GRI Standards 2021 Edition.

Report Writing Principles and Guidelines

SiRUBA takes industry requirements, major international economy factors, environment concerns and society issues into consideration through questionnaires to collect evaluation results regarding the impact of stakeholder issues. These results are then combining with the Company’s business strategy, discussed in meetings of the Sustainable Development Committee, and upon approval by the chairman, will be disclosed in this report.

Report Management Process

Stakeholder Communication and Materiality Topics Distinguish

Confirm Main Stakeholders

We value the voices of stakeholders while pursuing Sustainable Development﹍ Any individual or group that can significantly influence the company is considered a stakeholder. Our approach to Sustainable Development is guided by the five principles of the AA1000 Stakeholder Engagement Standard (SES), which include dependence, responsibility, influence, diversity of views, and tension of concerns, among others. We distinguish seven types of stakeholders: employees, clients, suppliers, banks, government, shareholders/investors, and society.

Stakeholders Communication Channel and Concerned Issues

Stakeholders have diverse concerns that are relevant to SiRUBA due to their unique identities. The SiRUBA official website provides pertinent information about sustainable development. We have established direct communication channels with our stakeholders to better understand their requests and expectations, enabling us to respond promptly. Our aim is to collaborate with stakeholders towards a win-win scenario, thereby embodying the principles of sustainable business operations. We continuously review and enhance our performance in enterprise sustainability. We report stakeholder communications to our Board of Directors, contributing to the planning of sustainable development initiatives for future reference.
The concerns raised by SiRUBA through communication between various departments and major stakeholders during daily operational activities are collected and compiled by the Sustainable Development Committee. Additionally we refer to specific topics from the GRI sustainability reporting guidelines, 2021 version, and the SASB industry sustainability index. We identify issues related to the economy, environment, and people, considering both practical and potential positive and negative impacts. We have summarized 21 sustainability issues encompassing economic, environmental, and social aspects. This ensures that the sustainability information disclosed by SiRUBA across the E (Environment), S (Society﹚ and G (Corporate Governance) dimensions aligns with the expectations of our stakeholders.

Materiality Topic ldentification Process

SiRUBA Sustainable Development Committee drafted 21 sustainable issues and distributed online questionnaires for major stakeholders to fill out A total of 107 valid questionnaires were returned. We got the scores of the impact of major stakeholders on various sustainable issues related to corporate governance, environment and people; 18 copies of the questionnaire on the degree of operational impact were collected. Finally, the Sustainable Development Committee decided on the major theme of this year after referring to the opinions of stakeholders and assessing the degree of internal operational impact. It was confirmed that SiRUBA should give priority to the disclosure of 9 major environmental, social and economic aspects of the year In this report, KAULIN will explain the management policy and related disclosure items of each major theme.

Materiality Topic Changes

This year because the sustainability issue was reset with reference to industry standards compared with the 2020 adjustment and impact assessment results, Materiality Topics have also changed accordingly.

List of Materiality Topic