2023 was a year challenged with political and economic turmoil and sluggish demand due to inflation, industrial inventory adjustments, China's economic slowdown, the U.S.-China technological conflict, as well as the Russo-Ukrainian and Israeli-Palestinian wars, etc. Yet, Taiwan International Ports Corporation, Ltd. (TIPC) still struggled to move forward against the storm. The cargo and container lifting of the port group reached 666 million revenue tons and 13.6 million TEU, with more than 400 cases of investment solicitations and NT$ 26.7 billion. The corporation generated a total revenue of NT$28.2 billion (Actual: NT$28,182,583,039), hits a record high.
In addition to our operational achievements, TIPC has also continued to work on sustainable development issues such as environmental, social and governance, with a view to responding promptly to the impacts of climate change on the corporation, our ports and related stakeholders. In terms of sustainability governance structure, TIPC has established Sustainable Development Steering Committee, Sustainable Development Executive Committee and seven working groups, as well as Sustainable Development Executive Office to serve as staff unit of Sustainable Development Executive Committee. As part of the environmental aspect of sustainable development, TIPC has been focusing on "low carbon", continuously reviewing environmental issues and implementing best practices, and is committed to building green ports with all seven international ports accredited with EcoPorts Certifications after re-evaluation. The ports' plantation has covered an area of 773 hectares, promoting vessel speed reduction, development of renewable energy equipment, introduction of Smart Energy Management System, ramp up of electric vehicles, implementation of Green Port Incentive Scheme, promotion of recycling use of water and materials, and the adoption of low-carbon and environmentally friendly work practices. All these actions bring TIPC progressively towards the goal of reducing carbon emissions, demonstrating the port's determination to be environmentally friendly.
"Common Prosperity" is TIPC's goal in sustainable development with our stakeholders. We implement our corporate social responsibilities, such as promoting marine education and charity programs like caring for remote villages and underprivileged groups, etc. Besides, TIPC strengthens exchange with domestic and overseas partners through participation in local and international organizations and associations, so as to keep abreast of industry trends and cultivate cooperative relationships. In order to secure workplace safety at ports and harbors, TIPC acquires ISO45001 and TOSHMS dual-system certifications, generating a safe working environment for employees and partners. We also emphasize on the cultivation of human resources and provide professional training. TIPC has organized more than 50 vocational trainings and provide employees with considerate benefits and childcare-friendly measures, such as reducing working hours by one hour for employees with children under the age of three, creating a happy workplace in TIPC.
In terms of governance, TIPC takes "resilience" as our core. Besides upholding the concepts of open integrity and operational transparency, we have also made efforts towards sustainable governance through digital transformation, for instance construction of climate-resilient wharf, introduction of Smart Security Management System in key infrastructures, and incorporation of Business Intelligence Platform in operational analysis and forecasting, etc., meanwhile consolidating cybersecurity defense in order to enhance the ability to respond and flexibly adapt to emergencies or disasters. In terms of the port facilities construction, the first phase of 7th Container Terminal of Port of Kaohsiung has come into operation in May 2023, which is the most advanced automated and intelligent terminal in Taiwan, capable of providing berthing services for 24,000 TEU container ships. The completion of Taichung Port Pier No.42 and Anping Port Pier No.11 provide space for the assembly and temporary storage of offshore wind power parts and components.
TIPC's remarkable revenue is attributed to the efforts of stakeholders, including the dedication of our employees, participation of the business partners, support of the Ministry of Transportation and Communications (shareholders), and the assistance of the government agencies where the ports are located. TIPC has the responsibility to care for the neighboring communities and maintain cooperation, as well as the goal of creating a safe and growing port. Therefore, it is duty bound to continue to invest in the sustainability of the environment, society, and corporate governance. We look forward to working side by side with our stakeholders to build a lowcarbon, common prosperity and resilient port of sustainable value.
