As a financial service provider, the Company's suppliers included service and equipment providers. The Company carefully screen suppliers before conducting transactions and avoids transactions with suppliers that have records of negative impact on the environment and society. In July 2014, the Company formulated the Supplier Statement of Corporate Social Responsibility based on Article 27 of the Mega Holdings Guidelines for Corporate Social Responsibility. Subsidiaries have requested contractors transacting at the amount higher than NT$1 million to sign and comply with the Supplier Statement of Corporate Social Responsibility.
According to the Supplier Statement of Corporate Social Responsibility, suppliers shall comply with related labor regulations, basic human rights of labor, and non-discrimination employment, establish and implement occupational safety and health regulations and procedures, ban on the use of child labor, adopt energy-saving equipment, improve environmental management, and meet the minimum statutory requirements for waste management to fulfill their corporate social responsibilities.
In 2018, a total of 312 Supplier Statements of Corporate Social Responsibility signed by subsidiaries' contractors with a total contract amount of NT$2.487 billion.
Article 26 of the "Mega Holdings Guidelines for Corporate Social Responsibility" expressly provide regulations on the responsibilities and obligations of members of the Group in procurement and transactions with suppliers. The Company has established the "Supplier Corporate Social Responsibility Management Guidelines" to enhance the management of suppliers and requires all subsidiaries of the Group to abide by the Guidelines or enact related management regulations.
In addition, Mega Holdings places great emphasis on green procurement and follows the regulations in Article 2 and Article 15 of the "Mega Holdings Guidelines for Corporate Social Responsibility" to prioritize the purchase of products with environmental protection certification marks as well as products with low energy consumption and long durability. MICB's green procurement in 2018 was NT$64,388 thousand and the Bank has also been awarded the Green Procurement Enterprise Award in the "Green Procurement Implementation by Private Enterprises and Associations" by the Department of Environmental Protection, Taipei City Government. MICB was invited to the "2018 Taipei City Private Enterprises and Associations Green Procurement and Environmental Protection Mark Achievement Commendation Ceremony".