CPC Corporation, Taiwan

Description
Full company report

For more than 60 years since its establishment, CPC has been fully able to fulfil its mission of providing a stable supply of oil products and stimulating the development of petrochemical industries, enabling Taiwan’s economy to achieve soaring growth and the island’s people to enjoy prosperity. For this accomplishment the company has won the approbation of all sectors of society. Faced with the impact of the general opening of Taiwan’s market for petroleum products in recent years, CPC has moved to consolidate its operating advantages and deeply implant its competitive capabilities not only by engaging in organizational re-engineering and personnel downsizing but also by carrying out production-cost reductions and pursuing maximum benefit in its advancement toward corporatized operations. At the same time it has vigorously sought out opportunities to cooperate with major international oil companies in the development of upstream exploration, petrochemical development, and marketing channels with the aim of expanding its business scope and growing in the international market. CPC hopes, in this way, to become a safe, clean, and competitive international energy company that advances toward sustainable operation and continues to provide the people of Taiwan with high-efficiency, high-quality energy products.

As a government company, even as it pursues profit CPC does not neglect its corporate social responsibility. In addition to continuously enhancing the quality of petroleum products, bringing in and promoting the use of liquefied natural gas (LNG) as a source of clean energy, and striving for environmental protection over the years, the company has, without regard to cost, also provided the fuel needed by the military and the people of remote areas and offshore islands.

CPC joined the World Business Council for Sustainable Development (WBCSD) in 2006 and has set up a Committee for the Promotion of Sustainable Development. The Committee is divided into four subcommittees: Environment & Conservation, Social Consciousness, Policy and Research & Development, and Environmental Accounting & Information, all of which adopt appropriate strategies and formulate action plans to attain the ultimate goals of building a reputable corporate image and advancing toward sustainability. CPC also published "Sustainable Development Reports" in 2007 and 2009 to fulfill its corporate social responsibility in regard to the disclosure of information.

At a time when global petroleum resources are gradually being exhausted, CPC faithfully performs its role as the main domestic supplier of clean energy and strives to create a win-win-win situation for environmental protection, economic development, and social responsibility.

Email ir@cpc.com.tw