Kedge Construction established in 2014 the “CSR Committee,” whose responsibility aimed at planning for actions and strategic development regarding corporate social responsibility. In line with the “Corporate Governance 3.0 – Sustainable Development Blueprint” released by the Financial Supervisory Commission, the CSR Committee has amended its organizational charter and was renamed the “ESG Committee” as the highest corporate social responsibility organization within Kedge Construction. The ESG Committee takes charge of organizing the formulation of goals and strategies regarding Kedge’s corporate social responsibility and the direction of its sustainable development. It is also in charge of regular examination of the performances and the goal achievements of the company.
To implement corporate sustainable governance, the duties and responsibilities of the Sustainable Development Committee are as follows:
The results and progress of every mission of Sustainable Development Committee are reviewed and supervised by the Corporate Governance team to incorporate them in the company’s decision-making process and improve the performance of the sustainable development. Meanwhile, the results and progress also gradually help us achieve the short-, medium-, and long-term sustainable development targets to demonstrate our determination to move toward sustainable development.
The committee consists of four members: the Chairman serves as the chair of the committee and designates the general manager as the vice chair, and the independent directors in the company take the position of the other two members. To carry out work related to corporate sustainability, “five major functional teams” have been set up under this committee. The highest-level supervisors in the relevant departments within the company take on the position as the conveners in the corresponding functional teams, and an executive secretary is appointed by the chair of the committee, to ensure the launch and implementation of tasks related to corporate sustainable development. The five major functional teams currently are: the corporate governance team, the green low-carbon team, the innovative service team, the sustainable supply chain team, and the employee happiness and social inclusion team.
The committee holds meetings twice a year, chaired by the chair (Chairman). Each team reports on the results of relevant topics and strategies and evaluates the performance, and thus plans approaches for corporate sustainable development. At the meetings, future working projects, the progress of execution and its results, and the ESG-related strategies and goals are required to be reported to the Board of Directors. Among the seven board meetings held from 2022 to the first quarter of 2023, proposals related to the ESG sustainable development accounted for 28% of the total. The content of the proposals involves: (1) the specific implementation plan for sustainable development; (2) sustainability-related policies; (3) the implementation result of sustainable plans. At the meetings, the Board of Directors will ask questions or give suggestions on the content of ESG strategic plans and policy formulation, and decide whether to pass or not. It also reviews and supervises the implementation of the sustainable plans from the progress report, and supervise the operation teams adjusting themselves, when necessary.
