Tong Yang Industry Co Ltd

Lobbying Governance

AI Extracted Evidence Snippet Source

The Committee was renamed ESG Promotion Committee in 2021. [...] teams in the fields of financial, personnel, environmental safety, sales, R&D and production, procurement and public relations were set up under this Committee to be in charge of coordinating the formulation of the CSR management policies and reviewing the implementation results company-wide, and various functional units were instructed to assist with the CSR promotion related matters. [...] To strengthen corporate integrity management and corporate governance and to follow the United Nations Convention against Corruption and international trend of anti-corruption, Tong Yang has set up the Supplier Commitment Letter, stipulating that all the major vendors shall not provide false, forged or altered information; major vendors shall not promise or give a bribe or other improper benefits to our employees. Boycotting and exposing the acts of bribing or accepting bribes are called for to implement the integrity management policy of the Company and prevent illegal behavior. This is for the purpose of establishing a transparent, honest, and fair business environment to positively protect the rights and interests of both our company and the vendors. [...] We have required our major suppliers (including new suppliers) to sign the Supplier Commitment Letter since 2018 and added in the supplier evaluation that the audit of suppliers should be verified to ensure that there is no violation of labor conditions and human rights issues. In 2021, the second-stage of investigation of the signing of suppliers will initiate to construct a complete and sustainable supply chain of Tong Yang.

https://www.tyg.com.tw/assets/data/CSR/ESG-2021-en.pdf