Sustainability Governance

Message from the Chairman

In 2022, the world grappled with a shifting global market environment, facing the ramifications of the pandemic, economic volatilities, and trade uncertainties. These forces tested the resilience and adaptability of enterprises globally, underscoring the pressing need for sustainable business practices. Amid escalating climate concerns, nations worldwide have intensified their efforts to harmonize human activities with our natural ecosystems. At the forefront of this endeavor, HDRE leads by example, upholding our core values of professionalism, innovation, passion, integrity, and transparency. We are dedicated to providing sustainable clean energy and are committed to minimizing ecological impact throughout the process of power station development, EPC projects, maintenance, research and development, and intelligent monitoring systems. We strive to ensure environmental safety and health, contributing to the sustainable development of businesses, the environment, and society. In a significant stride toward environmental stewardship, HDRE also introduced the "Green Procurement Policy,” prioritizing the procurement of products and services that align with green purchasing standards in the end of 2022. For instance, we procure ReTissue, a recycled sanitary paper that doesn’t involve deforestation and even helps plant trees. We also prefer products with green environmental labels or top energy efficiency ratings and avoid excessively packaged products. Additionally, we promote the reuse of recycled resources and the utilization of recyclable products. Moreover, we continue to strengthen our relationships with local suppliers, advocating for a localized supply chain that lessens transport distances and carbon emissions, while bolstering local employment and fostering socio-economic growth. Building on our three major goals established in 2021, we persistently focus on:
1. Robust Governance: Our dedication to integrity and transparency manifests in our flat organizational structure, which encourages open communication.
2. Environmental Stewardship: We are at the vanguard of providing low-carbon, clean energy solutions.
3. Social Co-prosperity: We are committed to advancing human-centric management and fostering a workplace environment that nurtures educational and care initiatives, thereby cultivating sustainable shared prosperity.

HDRE has long been committed to corporate social responsibility, demonstrating the sustainable impact of businesses. Since 2022, we have collaborated with the Formosa 3D Association on a mobile cinema project. We repurposed a mobile cinema vehicle into a green energy science education model by installing solar panels on the roof. The vehicle stores solar energy during the day to power its tour. The 3D mobile cinema not only shows children the beauty of vast landscapes and inspires limitless imagination about the land and their dreams, but it also educates them on the origins and applications of green energy, emphasizing the impact of climate change on daily life and the importance of green energy education. What’s more, since the mobile cinema can both use and store electricity, it serves as a small microgrid model. When the Formosa 3D team visits schools, children gain an intuitive understanding of the application of solar panels, showing that power generation equipment is no longer a distant engineering concept but an integral part of everyday life. As we forge ahead, HDRE is dedicated to lowering the barriers to green energy adoption, envisioning a future where "Smarter Energy, Accessible Green" are within easy reach.

Core Vision and Commitment

As HDRE progresses steadily towards its anticipated public listing, the Company is gradually refining its policies related to corporate governance, sustainable development, ethical business practices, and risk management. Alongside business growth, the company steadily enhances its corporate governance performance, fosters the co-prosperity of sustainability in ecology and the environment, and creates opportunities and benefits through risk management.

Internal board performance evaluations in 2022, including assessments of the Board of Directors, individual board members and functional committees, scored between 95.58 and 98.10.
Board members completed a total of 45 hours of sustainability-related training.  
HDRE invested NT$12,178,000 in research and development, reflecting a 2.5-fold increase from the previous year.
0 material legal violations.  
0 information security incidents.

Material Topic: Corporate Governance

Strategic Goals