OUCC - Sustainable Management

Head office：： 13F, No. 101, Fu-Hsing N. Road, Taipei City
Telephone：02-27193333
Factory：No. 3, Industrial 3rd Road, Linyuan District, Kaohsiung City
Telephone： (07) 641-3101
Number of employees： 392
Manufacturing location：Kaohsiung & Yangzhou
Note： The OUCC production base for joint venture locates in Yangzhou, China.

Established in 1975, OUCC is the key player of the Far Eastern Group’s petrochemical energy business. The company was listed in TAIEX since 1987 (stock code 1710, of capital of 8.86 billion NTD). The company owns two production sites located in Kaohsiung and Juangsu, China.

In the past five decades, as 2025 marks its 50th anniversary, OUCL has steadily produced related products such as ethylene oxide (EO) and ethylene glycol (EG) and continued to deploy specialty chemicals in the fields of solvents, daily commodity, constructure materials and fine chemicals. With a value-oriented business model, OUCC teams up sales, production and R&D to launch high-quality differentiated products to serve customers. At the same time, it also expands the sales of food-grade and electronic-grade gases, deepens product value, and provides one-stop solution integration services for specialty chemicals and materials such as battery materials, electronic chemicals, and high-purity gases.

Sustainability Management Strategies of OUCC

OUCC adheres to the sustainable business strategy of "green, carbon reduction, and new materials" and is committed to fully implementing the concept of sustainable development in corporate operations. To achieve this goal, we have established a dedicated sustainable development organization to systematically plan and implement various sustainable strategies and actions, to continuously improve product development and technical capabilities in order to create more positive value.

OUCC actively adopts environmentally friendly materials and technologies to reduce the impact on the environment during the production process. At the same time, through innovative research and development, we have launched many innovative products with environmental benefits to meet the market's growing demand for green chemical raw materials.

Drive transformation through R&D: Invest in the development of green technologies and products such as low-carbon processes for CO2 chemicals, plastic recycling and biodegradable materials, in the hope of effectively addressing the global CO2 emissions issue. We also produce excellent carbon capture solvents such as ethanolamine and ethyleneamine to assist customers in carbon capture and contribute to global carbon reduction efforts.
Practice circular economy and pioneer in green products: Develop carbon capture and reuse processes to recycle CO₂ from the production process, refine it into ultra-high purity CO₂, sell it to industrial, food and electronics companies, and further process it into ethylene carbonate to supply manufacturers of polycarbonate, composite materials, and lithium battery electrolytes.
Sustainable environmental goals: Continuously improve product development and technological capabilities, while implementing circular economy, energy transformation and low-carbon production in process management to achieve the sustainable goals of reducing carbon emissions by 35% by 2030 and carbon neutrality by 2050.

OUCC values the importance of industrial safety & health and human rights, obtains ISO 45001:2018 certificate to build a friendly and safe working environment.
People-oriented, the company regards its employees as its greatest asset. By building a safe and healthy working environment, it is committed to integrating ESG values into its business operations and corporate culture, and providing compensation and benefits that are better than the industry average, so that employees can work with peace of mind, face their work and stakeholders with integrity, and provide customers with the best quality and service.
OUCC adheres to the core spirit of the “Universal Declaration of Human Rights,” the “ILO Declaration,” and “The United Nations Global Compact” and “Responsible Business Alliance Code of Conduct.” We abide strictly by all labor-related laws and regulations. The company has also formulated internal labor-related rules and management mechanisms to achieve equality and create a friendly working environment.

In addition to pursuing economic stability, OUCC continues to integrate and develop core competencies, actively seeks potential cooperation with global companies, and introduces the most advanced chemical and biochemical technologies with the aim of creating new profit potential.
In view of corporate operative responsibility, the safeguard of shareholders’ lawful rights and other stockholders’ interests, OUCC implements the robust governance, improving business operation to maximize shareholders’ interests.
For the continuous strengthening in corporate governance and management system, the corporate governance officer was installed, accountable for work promotion.
Adherence to the OUCC spirit of entrepreneurship – “sincerity, diligence, thrift, prudence, and innovation” to steadily cope with future challenges and achieve sustainability.

Operational Structure

Board

The Board of Directors is our highest organization, which consists of 11 Directors, including 3 Independent Directors. The Directors of OUCC all exercise their powers in accordance with the company law and regulations. We have established the "Corporate Governance Principles," which are approved by the Board of Directors, and continue to strengthen all aspects and mechanisms of corporate governance and lay a solid foundation of OUCC's sustainable management.

Sustainable Management

In response to the amendment to the Securities and Exchange Act, the Board of Directors revised Articles 10 and 23 of the "Corporate Governance Principles" on August 10, 2023, stipulating that when Directors trade with the company for themselves or others, important matters concerning the company should be fully discussed through deliberation and the company's representatives should be elected by the Audit Committee to protect the interests of the company and enhance governance transparency.
OUCC Director Structure

OUCC 's Board Structure

Management of Conflicts of Interest

OUCC’s Directors, Managers, and employees must operate in the firm’s best interests to prevent conflicts of interest and implement conflicts of interest management for the Board of Directors according to regulations. Should any Directors, Managers, and other interested parties attending the Board of Directors meeting have a conflict of interest with the Board of Directors themselves or the legal person they represent, said persons shall be excused from the meeting and refrain from participating in the discussion and voting.

According to OUCC’s "Code of Ethics,” the Company’s personnel must handle official duties objectively and efficiently. They shall not use their positions in the Company to gain improper benefits for themselves, spouse, parents, children, or relatives within the second degree of kinship.
When OUCC has a fund loan or guarantee, a large asset transaction, or a purchase (sale) relationship with individuals mentioned in the preceding paragraph, the relevant Company personnel must take the initiative to explain whether they have potential conflicts of interest with the firm and resolve the issues according to the Company’s code of conduct to prevent conflicts of interest.
The “Rules Governing Financial and Business Matters between the Company and its Related Parties”, approved by the Board meeting in 2023, stipulated strictly the financial transactions between the related parties, and prohibited any inappropriate conduct in terms of sales transaction, acquisition and disposal of assets, and loan and guarantee.

Remuneration Management

Remuneration Link to ESG Indicators

OUCC’s Remuneration Committee, chaired by an Independent Director, is tasked to assist the Board of Directors in formulating remuneration-related policies, systems, and reviewing the performance assessment of Directors and Managers. The Committee held two meetings in 2024, with a 83% attendance rate.

Directors' remuneration is determined in accordance with the "Board Performance Evaluation Rules", and the evaluation indicators cover operational performance, industry risks, management effectiveness and sustainable development goals, and refer to individual performance and contribution. All assessments and remuneration arrangements are reviewed by the Remuneration Committee and the Board of Directors and are adjusted in a timely manner according to business conditions and regulations to balance sustainable development and risk control.
The Board approved the "Policy on Linking High Level Management's Compensation and ESG Performance", connecting the monthly performance bonuses of deputy commissioner, assistant VP and above with ESG goals, deepening sustainable responsibility in daily management and assessment mechanisms, and strengthening the sustainable action momentum of high-level management.

Corporate Sustainability Implementation Committee

To effectively coordinate and manage various ESG affairs, OUCC established "Corporate Sustainability Implementation Committee" with President, also the Board member, appointed as the Commissioner responsible for final decision making, action plan review, and approval of the final reports (e.g. ESG, TCFD, SASB). The Secretariat under the Committee is accountable for the organization and promotion of the task execution of each department and reports bi-annually to the Board of such implementation progress.

Committee structure：Department heads serve as steering members, and high-level management responsible for the committee’s operations, formulating relevant ESG policies, action plans, and cross-departmental coordination.
Supervision and management responsibility of the Board：The Board of Directors, the highest management unit for sustainable development, regularly reviews the sustainable development implementation results and plans and assigns the Corporate Sustainability Implementation Committee to coordinate the review and management of sustainable action plans. The Commissioner (also a Board member) regularly summarizes the implementation progress and reports to the Board of Directors.
Meeting convention：If there are specific ESG issues in the current year, unscheduled meetings will be held to ensure that ESG issues are discussed and addressed as soon as possible, and the management process, evaluation results, and overall ESG information will be shared with the stakeholders via the ESG website and other communication channels. The goal is to maintain good interaction and negotiation relationships with multiple stakeholders.

The Implementation Committee Meetings were held in April, July and December of 2024 and its implementation progress as below: