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Sustainable management

Sustainable Development Management Strategy

YungShin Group places “Respect for Life” at the core of its sustainability strategy, establishing 4 Strategic Cores--- (1) Navigating toward a sustainable future through innovation, (2) Creating trustworthy choices with genuine care, (3) Upholding integrity as core value to exemplify accountability and (4) Practicing social compassion with a loving heart. These principles emphasize that during business operations, we must always remember that humanity—and all forms of life—are part of the Earth's ecosystem, not its rulers. Therefore, YungShin Group actively seeks a balance between corporate growth, social sustainability, and environmental protection, aiming for the harmonious and enduring coexistence of all life.

Based on these 4 Strategic Cores, and with reference to the United Nations Sustainable Development Goals (SDGs) and the results of the Group's material topics assessment, YungShin Group has developed a strategic blueprint for sustainability through internal discussions. This blueprint serves as the framework of the Group's long-term sustainability efforts.

Environment
Theme Sustainable Development Strategy SDGs Material Topics Management of Material Topics
Navigating toward a sustainable future through innovation

Through innovation, we integrate sustainability into our business operations to achieve a balanced approach between corporate growth and environmental responsibility. This reflects our commitment to respecting all forms of life and fostering a future of shared, sustainable existence

  • Waste Management
  • Energy Management
  • Greenhouse Gas (GHG) Management
  • Water Stewardship
  • 4.3 Waste Management
  • 4.1 Energy and Greenhouse Gas Management
  • 4.1 Energy and Greenhouse Gas Management
  • 4.2 Water Stewardship

Governance
Theme Sustainable Development Strategy SDGs Material Topics Management of Material Topics
Upholding integrity as core value to exemplify accountability

Upholding the Group's core value of 'Integrity Forever', we adhere to principles of honesty throughout our operations. We foster mutual trust and respect with all stakeholders, working together to achieve shared success

  • Integrity in Operations
  • Economic Performance
  • Climate Change and Regulatory Risk Management
  • Marketing and Labeling
  • 2.2 Integrity in Operations
  • 2.3 Operational Performance
  • 2.4 Risk Management
  • 2.4 Risk Management
Creating trustworthy choices with genuine care

With genuine and wholehearted love, we are committed to supplying safe, reliable, and high-quality products to our customers, striving to be a trusted and dependable presence in their lives

  • Customer Privacy
  • Customer Health and Safety
  • 3.3 Customer Rights Protection
  • 3.2 Product Safety Responsibility

Social
Theme Sustainable Development Strategy SDGs Material Topics Management of Material Topics
Practicing social compassion with a loving heart

With a heart of compassion, we embed care and love for people and society into our operations. Internally, we take responsibility for the well-being of our employees; externally, we leverage our influence to benefit the broader society

  • Occupational Health and Safety
  • Labor and Employment Relations
  • Corporate Image
  • 5.3 Workplace Safety
  • 5.1 Human Resources
  • 6.1 Social Participation Concept

Identification of Material Topics

YungShin Group uses the “Sustainable Development Reporting Standards Traditional Chinese Translation, October 2021” provided by the Global Reporting Initiative (GRI) as reference for the sustainable industry trend. The group also adheres to the SASB, TCFD and other significant domestic and international regulations for development. The Group complies with crucial principles, using systematization to identify crucial stakeholders and sustainability related issues. The following long term crucial management directions and goals serve as a basic framework of the Sustainable Development Report. In 2024, the Sustainability Development Task Force conducted a reassessment of material topics and expanded the scope of the impact survey. As a result, 13 material topics were identified:

Step 1

Identify Stakeholders

8 categories of stakeholders

According to dependencies, responsibilities, influences, diverse perspectives, tension, a stakeholder identification internal meeting has been convened. The process and scope of influence the stakeholders hold over YungShin Group has been examined, after which 8 categories of stakeholders were defined, including investors, employees, clients/product users, government agencies, neighborhood communities, suppliers/contractors/distributors, the media and non-profit organizations.

Step 2

Sustainability Topic Selection

22 Sustainability related issues

To practice sustainability and respond to the global development trends, in accordance with Taiwan Stock Exchange Corporation Rules Governing the Preparation and Filing of Sustainability Reports by Taiwan Stock Exchange (TWSE) Listed Companies, the group adopts GRI standards as crucial subjects for consideration. In consideration of SDGs, SASB, TCFD, relevant industry issues and stakeholder discussion process, the Group has selected, collected and organized 22 related sustainability topics.

Step 3

Assess the Significance of the Impacts

The issue of Impact Assessment Survey was presented to the Group’s management and Sustainable Development Task Force members, which comprises a further investigation into actual and potential positive and negative level of impact the 22 topics would have on three aspects: the environment, economy and people (including human rights). Based on the survey results, each of the sustainability topics impact level was given a score.

Step 4

Prioritize the most Significant Impacts for Reporting

13 Material Topics

Based on the results of the previous assessment and the impact intensity ranking from Step 3, the Sustainability Development Task Force initially selected the top 12 sustainability topics. Taking into account stakeholder concerns particularly regarding labor practices, waste management, and water stewardship, the list was expanded to 15 topics. After consolidating certain topics, a final list of 13 material sustainability topics was confirmed. These include: Waste Management, Energy Management, Greenhouse Gas Management, Water Stewardship, Occupational Health and Safety, Labor and Employment Relations, Corporate Image, Integrity in Operations, Climate Change and Regulatory Compliance Risk Management, Economic Performance, Marketing and Labeling, Customer Privacy, and Customer Health and Safety.

List of Material Topics and Analysis of the Impact on Value Chain

During its operations, YungShin Group may generate both positive and negative impacts on stakeholders across the upstream and downstream segments of its value chain. Therefore, the Group further analyzed the potential affected parties for each material topic, which serves as a key consideration in formulating management strategies and compiling the sustainability report. In 2024, there are no significant changes in YungShin Group's activities, value chain, and business relationships compared to the previous year.

Aspects Material Topics GRI Guidelines Specific Topics Responded Chapter Value Chain Stakeholder
Upstream YungShin Group Downstream Investors Employees Government Agencies Non-profit Organization Neighborhood Community Media
Supplier/ Contractor/ Distributor Client/ Product User
Environment 
Waste Management
GRI 306:Waste Chapter 4
Environmentally Responsible Operations
   ✓
Energy Management
GRI 302:Energy      
Greenhouse Gas Management
GRI 305:Emissions    
Water Stewardship
GRI 303:Water and Effluents    
Products
Customer Privacy
GRI 418:Customer Privacy Chapter 3
Product and Service Responsibility
   
Customer Health and Safety
GRI 416: Customer Health and Safety  
Governance
Integrity in Operations
GRI 205:Anti-Corruption Chapter 2
Open and Transparent Governance
 ✓    
GRI 206: Anti-Competitive Behavior  ✓    
Climate Change and Regulatory Risk Management GRI 201: Economic Performance
Economic Performance GRI 201: Economic Performance
Marketing and Labeling GRI 417:Marketing and Labeling
 
Society
Occupational Health and Safety GRI 403:Occupational Health and Safety Chapter 5
Safe and Fulfilling Workplace

   
Labor and Employment Relations
GRI 201:Economic Performance

   
GRI 401:Employment

   
GRI 402:Labor/ Management Relations
   
Corporate Image
GRI 413:Local Communities Chapter 6
Social Caring Initiatives


   

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