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Sustainable Development Team

In accordance with Article 9 of the Company’s “Sustainable Development Best Practice Principles,” the President of the Company convenes the top executives of each department to form a “Sustainable Development Committee” to promote Sustainable Development for the Company, and reports to the Board of Directors on the status of promotion.

Execution Status

The Company’s risk assessment boundary is mainly based on the Company, and the Group’s subsidiaries GTM Development Co., Ltd., GTM Textile Co., Ltd., GTM(Asia) Investment Holding Ltd. and GTM Investment Company are included in the scope.
The company formulated the “Risk Management Measures” on March 19, 2021, which clearly stipulates that the risk management policies of the Company and its subsidiaries are based on the Company’s overall operating policy, defining various risks to prevent possible losses within the acceptable risk range.

    Evaluation Item
Description
    1. Does the company establish a governance structure to promote sustainable development, and set up a dedicated (part-time) unit to promote sustainable development, which is authorized and supervised by the Board of Directors to handle senior management?

On January 13, 2023, the Company's Board Meeting approved that the President convened the top executives of each department to form a "Sustainable Development Group" as a part-time unit to promote the Company’s sustainable development in operation, sustainable environment, and social care. The Company's "Sustainable Development Group" regularly reports to the Board of Directors at least once a year on the promotion of sustainable development. The President reported to the Board of Directors on the promotion of sustainable development on January 13, 2023 and prepared the 2022 annual Sustainable Development report.

    2. Does the company assess ESG risks associated with its operations based on the principle of materiality, and establish related risk management policies or strategies?

The scope's risk assessment boundary is mainly based on the Company, and the Group's subsidiaries GTM Development Co., Ltd., GTM Textile Co., Ltd., GTM(Asia) Investment Holding Ltd. and GTM Investment Company are included in the scope. The company formulated the "Risk Management Measures" on March 19, 2021, which clearly stipulates that the risk management policies of the Company and its subsidiaries are based on the Company's overall operating policy, defining various risks to prevent possible losses within the acceptable risk range. The Company’s Board of Directors approved the 2022 Risk Management Report on January 13, 2023., and the related risk assessment items please refer to the Company’s website for related risk management information: https:// www.gtm.com.tw/risk-management/.

    3. Environmental issues
    (1) Does the Company establish proper environmental management systems based on the characteristics of their industries?
    (2) Does the Company endeavor to energy efficiency and use renewable materials which have low impact on the environment?
    (3) Does the Company evaluate the potential risks and opportunities in climate change with regard to the present and future of its business, and take appropriate countermeasures?
    (4) Does the Company take inventory of its greenhouse gas emissions, water consumption, and total weight of waste in the last two years, and implement policies on greenhouse gas reduction, water reduction, or waste management?

(1) Our company adopts eco-friendly lighting in accordance with the government policy, which not only saves energy but also protects employees' eyesight and gives them a suitable working environment. The Company continuously evaluates the possible environmental impact factors in its operations, establishes targets to design environmental protection regulations, and continuously implements measures to control production energy consumption by saving water and electricity.
(2) The Company does not have any manufacturing plants and is not a major energy-consuming industry, so it does not generate large amounts of air pollution and wastewater. However, the Company still plans for the effective use of resources to maximize the use of resources; for example, the Company encourages and implements waste separation and recycling, and recycles waste paper, waste toner cartridges, etc., and commissions professional and qualified waste disposal organizations to handle the Company's waste documents and equipment. The Company has implemented various environmental protection policies to encourage employees to use environmentally friendly straws and cutlery, to raise their awareness of environmental protection and to protect their health. In addition, the Company promotes paperless operations and reviews our operations for compliance with environmental regulations at any time.
(3) In 2022, the Company introduced TCFD and assessed four significant climate risks and two opportunities: changes in customer behavior, rising raw material costs, increased severity of extreme weather events such as typhoons and floods, changes in rainfall patterns and extreme changes in climate patterns, conversion to more efficient buildings, and participation in the carbon trading market. The financial impact of risks and opportunities has been assessed continuously as well. The Company's "Sustainable Development Group" promoted energy conservation policies, allowing employees to take action to implement energy conservation and carbon reduction in all aspects of their work. At the same time, we continued to track the impact of risks and opportunities, and integrated and optimized our management strategies in the hope of reducing the impact of climate risks on our operations.
(4) The Company does not have any manufacturing plants and is not in a major energy-consuming industry, so it does not generate large amounts of air pollution and wastewater. As a result, it has no direct emission data from the processes or facilities for statistics. However, in line with the government's 2050 net-zero carbon emissions target, the Company has collected data on other indirect emissions from office electricity or vehicles for the past two years since 2022. The scope and information of the related greenhouse gas inventory is disclosed in the 2022 Sustainable Development report. The Company has been committed to energy saving and carbon reduction, water saving and carbon reduction policy, such as adopting energy-saving and environmental-friendly lighting fixtures for office lighting, replacing exit signs and refuge directional lights with LED lights, managing the demand for special air-conditioning in separate areas, and managing waste recycling by category.

    4. Social issues
    (1) Does the company formulate appropriate management policies and procedures according to relevant regulations and the International Bill of Human Rights?
    (2) Has the Company established and offered proper employee benefits (including compensation, leave, and other benefits) and reflected the business performance or results in employee compensation appropriately?
    (3) Does the company provide a healthy and safe working environment and organize training on health and safety for its employees on a regular basis?
    (4) Does the Company provide its employees with career development and training sessions?
    (5) Does the Company's product and service comply with related regulations and international rules for customers' health and safety, privacy, sales, labeling and other related issues, and set polices to protect consumers or customers' rights and consumer appeal procedures?
    (6) Has the Company established the supplier management policies requesting suppliers to comply with relevant laws and regulations related to environmental protection, occupational safety and health or labor rights and supervised its implementation?

(1) The Company complies with relevant labor laws and regulations, and in accordance with international human rights conventions, sets policies to protect the rights and interests of employees and fair treatment, such as employment policies that do not discriminate on the basis of gender, race, age, marriage, family status, etc. The Company also complies with the Law on the Protection of the Rights of Persons with Physical and Mental Disabilities and the Workplace Equality Act, cares for disadvantaged groups, implements equality of opportunity for promotion, provides employees with reasonable salaries and bonus systems, conducts employee education and training from time to time, implements a time and attendance system and provides pensions in accordance with the law, and protects the legal rights and interests of employees. All employees of the Company belong to the type of indefinite contract (i.e. regular employees). The Company provides long-term and stable work pattern, so that employees can devote themselves to their work without any worries, which helps to protect their economic life. In addition, the Company is committed to promoting diversity and equality in the workplace. Female employees account for about 71%. As most of the main work is administrative-related, they can be mainly divided into supervisors and non-supervisors, with female supervisors accounting for approximately 67%. Besides, the Company made a salary adjustment of approximately 5% in 2022.
(2) In response to the COVID-19 epidemic, the Company cooperated with the government's various anti-epidemic measures and established an announcement mechanism in the Company's internal community to remind employees of epidemic prevention and health information at any moment. Furthermore, we have adjusted flexible working hours to reduce the risk of infection during commuting. Additionally, automatic disinfection machines, forehead thermometers, fast screening reagents, alcohol disinfectants, goggles, and safety visors were provided to protect employees from the epidemic. We also strengthened the cleaning of the office premises from the epidemic, disinfection at least twice a year and floor cleaning at least once a year. In order to ensure that our employees can serve in the Company without worrying about their physical and mental health, we provide a number of welfare measures and have established an employee welfare committee to promote various welfare measures. The 2022 welfare measures include wedding and funeral subsidies, New Year's gifts, year-end lucky draw and travel subsidies. In addition, the Company continues to promote employee benefits such as group insurance, health checkups, senior employee bonuses, leave policies that are superior to the Labor Standards Act, and flexible hours system. In addition, in accordance with Article 25 of the Company's Articles of Incorporation, the Company shall appropriate 2% to 5% of the pre-tax earnings of the current year after deducting the earnings before the distribution of employees' remuneration and directors' and supervisors' remuneration and retaining the amount to cover the accumulated losses. The Company has also established the Remuneration Committee to oversee a reasonable compensation policy to properly reflect operating performance in employee compensation. By providing various benefits, we hope to fulfill our corporate social responsibility to take care of our employees and enhance their loyalty to our company, so that we can create a better future for both our company and our employees.
(3) The Company has established the "Safety and Health Code of Practice" and "Work Rules" to ensure the safety and health of employees' lives and properties, and the protection measures for the working environment and personal safety are as follows:
(A) Fire prevention measures and equipment maintenance inspection: At least two fire equipment inspections and maintenance per year.
(B) Health checkups: Group health checkups for employees are held regularly.
(C) Work environment hygiene: Arrange a person to be responsible for the cleaning and disinfection of the company's common areas and overall environment.
(D) The "Workplace Sexual Harassment Prevention and Punishment" is established, with a dedicated complaint channel, and sexual harassment prevention and education training.
(E) In accordance with the law, the Company purchases labor insurance and provide employees with group insurance.
(F) Access Control Security: Our building and office areas are equipped with access control systems to ensure the safety of our employees.
(4) In order to promote the implementation of the Company's quality objectives, long-term training of employees in the organizational system to fully perform their functions, improve personal quality, and achieve mutual coordination to improve efficiency and quality, the Company has established an employee education and training program.
(5) Education and training implementation objects are divided into: training for new employees, training for in-service employees, and training for professional employees. In 2022, employees participated in 208 hours of training courses.
(6) The Company is not the manufacturer of the final product, so the items listed in (V) on the left are not applicable.
(7) The Company has a supplier evaluation process to evaluate and select suppliers based on their ability to meet our requirements to ensure consistent delivery quality. The Company has been dealing with our suppliers for many years and have observed and understood the extent of their compliance through personal visits, correspondence and communication documents, and have not found any significant environmental and social impacts from our suppliers. The Company will not cooperate with any supplier who violates the law. The Company will audit the suppliers from time to time. If we find any violation of laws and regulations, the Company will issue warning and request improvement within a certain period of time. If the situation is serious, the Company will not cooperate with such suppliers anymore. In this way, the Company can improve quality and technology together with suppliers.

    5. Does the company refer to internationally-used standards or guidelines for the preparation of reports such as Sustainable Development reports to disclose non-financial information? Are the reports certified or assured by a third-party accreditation body?

Since 2022, the Company has compiled Sustainable Development reports with reference to the latest international reporting standards such as GRI Standards, SASB, TCFD, etc. In the future, the Sustainable Development report will move towards the goal of obtaining third-party verification.

6. If the Company has formulated its own Sustainable Development Code of Practice in accordance with the "Sustainable Development Best Practice Principles for TWSE/TPEx Listed Companies", please describe the implementation and its discrepancies between the Principles: The Company has established the "Sustainable Development Best Practice Principles" in accordance with the "Sustainable Development Best Practice Principles for TWSE/TPEx Listed Companies" and follows it without major deviations. The Company has set up a "Sustainable Development Group" as a part-time unit to promote sustainable development. It is responsible for sustainable development-related issues, including promoting sustainable development of the Company in operation, sustainable environment, and social care as well as strengthening the disclosure of information on sustainable development.

7. Other important information to facilitate better understanding of the implementation of promoting Sustainable Development: On March 26, 2010, the "Code of Practice on Corporate Social Responsibility" was formulated by the Company to promote various corporate social responsibility issues. On January 4, 2022, it was amended to the "Sustainable Development Best Practice Principles" in accordance with the regulations of the Financial Supervisory Commission to achieve the goal of sustainable development and strengthen the promotion of sustainable development.
The Company’s sustainable development promotion sector:https://www.gtm.com.tw/esg/

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