Sustainability Initiatives at RTD
To align with global Environmental, Social, and Governance (ESG) trends and the Forest Stewardship Council's (FSC) Corporate Governance 3.0 framework, RTD established a Sustainability Task Force in March 2023. This task force, led by the General Manager and coordinated by the General Manager's Office, oversees the company's sustainability planning and implementation efforts. The task force consists of five working groups: Governance, Environmental Protection, Customer Care, Employee Relations, and Social Engagement. Each group identifies key sustainability issues, assesses their impact, and collaborates across departments to drive improvements through regular meetings and project coordination. In March 2023, RTD's Board also approved the Sustainable Development Best Practice Principles, which reinforce our commitment to responsible business practices, environmental stewardship, and positive social impact.
Sustainable Governance
At RTD, the Board of Directors is our top governing body, responsible for essential functions like strategic planning, financial reporting, internal control evaluations, auditor appointments, and executive management oversight. To promote sustainable development, the Board holds regular and ad-hoc meetings throughout the year, addressing key economic, environmental, and social issues. Relevant matters are delegated to the Chairperson or appropriate departments. In March 2023, RTD established a Sustainability Task Force, led by the General Manager. This task force oversees our sustainability strategy through five working groups: Governance, Environment, Customer Care, Employee Relations, and Social Engagement. Each group consists of cross-department representatives with diverse expertise. The task force will regularly update the Board on its progress in sustainability, underscoring our commitment to transparency and accountability.
Ethics and Integrity
At RTD, we prioritize ethical conduct and integrity as essential components of a strong corporate culture. We have established a comprehensive Code of Ethical Conduct, approved by the Board on March 8, 2023. This framework sets clear standards for all employees. In 2023, we received no reports or lawsuits related to integrity violations, reflecting our commitment to ethical practices. The General Manager's Office oversees our integrity initiatives, reporting to the Board on March 30, 2023, and providing online training for all staff on October 6, 2023. Key responsibilities include:
- Integrating integrity and ethical values into business strategies, and implementing strong anti-corruption measures.
- Regularly assessing risks of unethical behavior and developing effective prevention plans.
- Establishing internal structures to monitor high-risk activities for unethical conduct.
- Promoting proactive ethics training programs.
- Implementing a whistleblowing system for effective policy enforcement.
- Assisting the Board in evaluating the effectiveness of anti-corruption measures through ongoing reviews.
- Maintaining secure documentation of all policies and compliance records related to integrity management.
By fostering an ethical environment, we aim to enhance organizational integrity and ensure a successful future for RTD.
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Risk Management To enhance corporate governance and risk control, RTD focuses on minimizing the impact of risks through multi-level management and the implementation of internal policies. By conducting thorough risk assessments and management, the company adapts to the rapidly changing external environment, seizes future opportunities, and promotes its vision of sustainable development. |
Regulatory Compliance
At RTD, we are committed to strict adherence to government regulations and administrative orders. Our departments prioritize compliance when updating internal policies. While we do not have in-house legal personnel, we engage professional lawyers for legal consultations and contract reviews. Our internal auditors further support our commitment by ensuring effective implementation of internal controls. We have developed a Regulatory Compliance Procedure to guide employees in responsible business conduct and minimize misconduct risk. The General Manager's Office and departments share the duty of building effective compliance systems, focusing on key business regulations. To enhance our compliance efforts, departments must:
- Establish clear systems for communication and reporting on regulatory matters.
- Regularly update policies to align with applicable laws.
- Conduct self-assessments, ensuring department heads appoint personnel to maintain a compliance summary.
Together, we uphold the highest standards of integrity and compliance in our operations.
In 2022 and 2023, RTD demonstrated a strong commitment to compliance by reporting no violations or penalties related to environmental or social regulations. Additionally, we maintained an impeccable record with no incidents of non-compliance concerning health and safety laws for our products and services, nor any issues with marketing communications, including advertising, promotions, and sponsorships. This track record highlights our dedication to integrity and responsible practices.