Tidehold Development Co., Ltd.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Social Achievements
- Average representation of female employees was 46.6%, and the average representation of female executives was 37.5% in 2022.
- No occupational accidents reported in 2022.
Governance Achievements
- Established a board performance evaluation system.
- Established an Audit Committee.
- Established the Remuneration Committee.
- Revised certain articles of the "Board Meeting Rules", "Corporate Governance Best Practice Principles", and "Corporate Social Responsibility Best Practices Guidelines".
Climate Goals & Targets
Long-term Goals:
- Continual developing upstream suppliers and downstream sales channels, increase sales product items and profit margin.
Medium-term Goals:
- Focus on co-construction in the future, actively looking to develop residential and commercial lands with lower self-capital and lower risk.
Short-term Goals:
- Renting and/or selling properties from the Shilin Official Residence project to increase revenue.
- Increase sales volume and actively enter items other than government bids.
Environmental Challenges
- Global inflation and the US interest rate hike resulted in a net loss of NT$33,213 thousand from financial assets.
- Decline in revenue due to the impact of the pandemic and global inflationary pressures.
Mitigation Strategies
- Actively engaging in negotiations with neighboring landowners for potential joint redevelopment.
- Continuing to develop trading activities in building-related materials, importing cars, and environmentally friendly vehicles.
- Plan to invest in US dollar deposits or purchase international bonds and funds denominated in US dollar to obtain long-term stable interest income and assets appreciation.
Supply Chain Management
Responsible Procurement
- Requires suppliers to comply with all relevant government regulations, orders, and industry standards, without posing any safety or health risks.
- Requires suppliers to commit to the principles of integrity, operating with honesty, transparency, and accountability.