Ruentex Vision

Chairman's words

Environmental Protection Energy Conservation Sustainability

Taiwan’s construction industry has been generally affected by the problem of labor shortage in recent years, and the traditional labor-intensive, round-the-clock operation mode is no longer a construction panacea. Global inflation has led to an increase in construction costs, and countries around the world have adopted carbon reduction policies in response to global warmingIt is undoubtedly worse for business operations, butthe crisis is also a turning point, and companies with a keen sense of smell have been working on countermeasures for many years.”
RTC introduced the pre-casting method from abroad about 30 years ago, and it was not optimistic at the beginning, and it was inevitable that there would be water and soil adaptation during the introductionIn the process, the team continues to resolve the obstacles one by one through R&D and integration. After years of gradually walking out of a different way, today, RTC has nearly 800 patents in the field of construction engineering, many of which have labor-saving, Patents for carbon reduction benefits are immediately usable and can be used as a tool for companies to compete for business in this time of industrial change.
Differentiation is the way of survival of RTC, and the lack of labor and carbon reduction that are generally regarded as obstacles are opportunities for RTC, and the industry is generally troubled by labor shortages and delays the construction period RTC has repeatedly completed on schedule with the pre-casting method, which has gained more trust from owners, and the company’s performance has begun to improve significantly since 2019, by 2022, the revenue multiple will increase to a new high of 24.5 billion.
In 2023, several large-scale construction projects are in the acceptance period, during which several new projects are in their infancy, resulting in a slight decrease of 7.68% in revenue compared with 2022 to 22.5 billion, but It is still in the peak period, and the market demand is quite positive, including public works, social housing, and largescale development projects in the north, central, and south are being gradually released, and there is strong demand for redevelopment and renovation of old buildings, and the market is expected to return to the growth track in 2024.
RTC takes the group’s concept of ” Enriching society, enhancing public welfare.” as the guiding principle of the company’s operation, and profit is not the ultimate goal of business operation The society is harmonious and orderly, the people live and work in peace and contentment, take it from the society, use it for the society, and use the profits of business operation to promote the sustainability of the earth and the balance of all things Only then can enterprises continue to operate and develop steadily, just like a natural cycle. The company’s long-term business philosophy coincides with the government’s intention to promote ESG.
This report is RTC’s first ESG report and discloses the company’s long-term achievements in various aspects of ESG according to the frameworks of GRI, SASB, TCFD, and others. While there is always room for improvement and progress, it is hoped that this report will help friends and stakeholders who are interested in RTC to better understand the company. We also hope it will inspire and support our team to continue making progress and achieving growth.

Corporate Sustainable Development Policy

In order to improve the management of sustainable development, RTC has established a governance structure for sustainable development, and set up a full-time (parttime) unit to promote sustainable development in 2023, which is a task-oriented organization composed of project teams, responsible for the proposal and implementation of sustainable development policies, systems or related management guidelines and specific promotion plans. 
The Chairman of the Board of Directors serves as the convener of the Sustainable Development Committee, and three major promotion groups have been set up under the Committee, namely the Sustainable Environment and Product Services Group, the Employee Care and Social Care Group, and the Corporate Governance Group, with the top supervisor of the R&D department as the leader of the overall team, and the head of the company’s rights and responsibilities appointing the business organizer of the unit as the team members, effectively integrating resources and implementing the company’s sustainability strategy, jointly promoting environmental protection, social participation, corporate governance, etc., and achieving the goal of sustainable development and net zero. 
The principle of appointing members of the committee task force is mainly to consider whether their functions can effectively integrate resources and implement the company’s sustainability strategy, and the members of the sustainability committee must participate in various discussions, education and training from time to time to continuously improve the relevant functions. In 2023, a total of 20 discussions and education sessions will be held for members of the Sustainability Committee, including: GRI and TCFD education and training related to the Sustainability Report, ISO 14064-1 Quantitative Analysis of Greenhouse Gas Inventory and Quantification, and ISO 14067 Product Carbon Footprint Inventory and Quantification.
In accordance with the “Operating Rules for the Preparation and Filing of Sustainability Reports by Listed Companies”, the “Operating Procedures for the Preparation and Verification of Sustainability Reports” was formulated by RTC and incorporated into the internal control system by the Board of Directors in May 2023 The risk management strategy for ESG issues, the progress and results of the implementation of strategic objectives will be reported to the Board of Directors on a regular basis. In 2023, the report to the board of directors includes: 4 times of greenhouse gas inventory progress, 1 performance evaluation of the board of directors, and 1 report on the performance of honest management.

Duties and Responsibilities of the Ruentex Sustainable Development Committee

  • Sustainable development and the formulation of a net-zero emission policy.
  • Formulate policies for sustainable development, including specific plans for corporate governance, integrity management, risk management, and product carbon reduction.
  • Review of the implementation and effectiveness of sustainable development and net zero emissions.
  • Evaluate and adjust material issues in stakeholder communication, including shareholders, employees, customers, suppliers, government agencies, society, etc.

Organizational Operations