Corporate Sustainability Management StrategyCorporate Sustainability Management Strategy
The purpose of business management is to create value for all relevant stakeholders, while continuously improving the enterprise’s sustainable development and competitiveness during the process. Since it was incorporated, HFC has adhered to the business philosophy of "customer first and profession oriented", while paying attention to and fulfilling corporate social responsibility when developing the Company’s core competitiveness. In 2019, we officially released the "HFC Sustainable Development Best Practice Principles" and the "HFC ESG Committee Charter" as our guidelines for business management and sustainable development, echoing the world's current trend of sustainable development – the United Nations Sustainable Development Goals (SDGs) – to implement our sustainable management initiatives in an organized manner. The purpose of business management is to create value for all relevant stakeholders, while continuously improving the enterprise’s sustainable development and competitiveness during the process. Since it was incorporated, HFC has adhered to the business philosophy of "customer first and profession oriented", while paying attention to and fulfilling corporate social responsibility when developing the Company’s core competitiveness. In 2019, we officially released the "HFC Sustainable Development Best Practice Principles" and the "HFC ESG Committee Charter" as our guidelines for business management and sustainable development, echoing the world's current trend of sustainable development – the United Nations Sustainable Development Goals (SDGs) – to implement our sustainable management initiatives in an organized manner.
ESG CommitteeESG Committee
To promote and implement corporate social responsibility (CSR) policies and sustainable business development measures, HFC has established the ESG Committee in accordance with Article 27 of the Corporate Governance Best Practice Principles of HFC and the Sustainable Development Best Practice Principles of HFC. The ESG Committee is governed by the Board of Directors and consists of a total of five members, with the Chairman serving as the convener, and the members include the President, two Vice Presidents, and one Assistant Vice President. Various functional teams have been set up under the committee, including the Environmental Sustainability team, Corporate Governance team, and Social Participation team, to handle the issues of concerns to different stakeholders and promote the planned work with the relevant departments of the Company, so as to carry out the planning, promotion and execution of related business.To promote and implement corporate social responsibility (CSR) policies and sustainable business development measures, HFC has established the ESG Committee in accordance with Article 27 of the Corporate Governance Best Practice Principles of HFC and the Sustainable Development Best Practice Principles of HFC. The ESG Committee is governed by the Board of Directors and consists of a total of five members, with the Chairman serving as the convener, and the members include the President, two Vice Presidents, and one Assistant Vice President. Various functional teams have been set up under the committee, including the Environmental Sustainability team, Corporate Governance team, and Social Participation team, to handle the issues of concerns to different stakeholders and promote the planned work with the relevant departments of the Company, so as to carry out the planning, promotion and execution of related business.
The committee should hold at least two meetings per year and held a total of two meetings in 2022 to learn about and review the achievements in 2022 and inspect the strategy for 2023. The member attendance in person reached 100%. On December 21, 2022, it reported to the Board of Directors on the ESG performance. In addition to summarizing and explaining the performance of the projects about environmental sustainability, social participation, and corporate governance, it also reported the greenhouse gas inventory and the solar energy business in response to the climate risk governance issues, indicating their importance for HFC to achieve net zero.The committee should hold at least two meetings per year and held a total of two meetings in 2022 to learn about and review the achievements in 2022 and inspect the strategy for 2023. The member attendance in person reached 100%. On December 21, 2022, it reported to the Board of Directors on the ESG performance. In addition to summarizing and explaining the performance of the projects about environmental sustainability, social participation, and corporate governance, it also reported the greenhouse gas inventory and the solar energy business in response to the climate risk governance issues, indicating their importance for HFC to achieve net zero.
