Climate Change Data

卓越成功股份有限公司 SUCCESS PRIME CORPORATION

Climate Impact & Sustainability Data (2020, 2023)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Implemented water-saving and power-saving measures; encouraged resource recycling policies.

Social Achievements

  • Implemented employee welfare measures (including compensation, vacation, and other benefits); provided a safe and healthy working environment for employees; implemented safety and health education for employees; established an effective career development training program for employees; maintained good relations with customers and strictly abided by the contracts and relevant regulations signed with customers.

Governance Achievements

  • Established an Audit Committee; implemented a board of directors’ performance evaluation method; formulated a CPA independence evaluation form; established internal operation rules and reward and punishment systems to prevent dishonesty; established procedures for loaning funds to others, operating procedures for endorsements and guarantees, procedures for handling derivatives transactions, and procedures for acquisition and disposal of assets.

Climate Goals & Targets

Long-term Goals:
  • Build a global Chinese education service platform under the Chen Li education brand.
Medium-term Goals:
  • Increase revenue and profit through digital tools and services; explore the possibility of inter-industry and inter-industry cooperation.
Short-term Goals:
  • Continue to increase the market share of the "Chen Li Education" brand; strengthen the services of digital products.

Environmental Challenges

  • Impact of the coronavirus pandemic on the education industry, including increased costs and restrictions on the optical fiber business; declining birthrate in Taiwan impacting the education market; fierce competition in Taiwan's supplementary education industry; changes in domestic and overseas policies and laws impacting the education business; changes in technology and industry impacting the optical fiber business; risks relating to the concentration of purchasing or sales.
Mitigation Strategies
  • Developed online digital learning; implemented various countermeasures such as disinfection of places, temperature measurement of people entering and exiting, and maintaining social distancing; regularly inquires about the latest changes in laws and regulations of each county and city government; implemented energy saving and carbon reduction measures; maintained good long-term liaison with existing suppliers; implemented various risk management policies and strategies.

Supply Chain Management

Responsible Procurement
  • Maintain good long-term liaison with existing suppliers; many projects have more than two suppliers to avoid the risk of supply shortages.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: Deloitte & Touche Taiwan

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Quality Education
  • Well-being

Environmental Achievements

  • Promoted a paperless policy in 2023, optimized administrative processes, and implemented lean cost management, resulting in an increase in net profit after tax from 11.28% to 13.53%.

Social Achievements

  • Pioneered a collaboration with FarHugs, an online psychological counseling platform, providing mental health services alongside academic support.
  • Implemented various water-saving and power-saving measures and are committed to promoting and advocating the implementation of the recycling policies.

Governance Achievements

  • Added 1 more independent director in 2023 to improve the capacity of the Board and strengthen supervision.
  • Established the Audit Committee and Remuneration Committee.

Climate Goals & Targets

Long-term Goals:
  • Expand to Southeast Asian countries, building a global Chinese education service platform.
Medium-term Goals:
  • Continue to invest resources in online courses, increase investment in optimizing course systems, and strive to make adult off-the-job training and online learning related fields a major growth engine for the company.
Short-term Goals:
  • Actively expand the enrollment of comprehensive subjects in the junior high school departments of each branch and offer summer and winter camp programs, while also expanding enrollment in elementary schools.
  • Establish 3 directly operated schools, covering elementary, junior high, and high school levels, in the Zhubei area.

Environmental Challenges

  • Severe population decline in Taiwan
  • High turnover rate of part-time teachers
Mitigation Strategies
  • Planning to establish a directly operated school in Zhubei in 2024 and acquiring local startup teams.
  • Improve teacher training and high retention rates, create a high ranking list and revenue for franchise authorized schools

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRSs

Third-party Assurance: KPMG

UN Sustainable Development Goals

  • Goal 4 (Quality Education)

The partnership with FarHugs aims to provide mental health services alongside academic support, aligning with the United Nations Sustainable Development Goals (SDGs) for quality education and well-being.

Sustainable Products & Innovation

  • Digital courses and learning platforms
  • Smart diagnostic testing system
  • Online tutoring services