As a financial service provider, the Company's suppliers included service and equipment providers. The Company carefully screen suppliers in online inquiry systems of the competent authorities (e.g., Ministry of Labor and Environmental Protection Administration of the Executive Yuan) before conducting transactions to learn about whether suppliers have records of negative impact on the environment and society and use the information as reference for screening suppliers. In addition, the Company also prioritizes domestic products and green procurement when making purchases.
To implement supplier management, the Company established the "Supplier Corporate Social Responsibility Management Guidelines" in March 2019 to require subsidiaries of the Group to formulate their own guidelines or abide by related regulations. The Guidelines specify that suppliers that have business transactions with the Company must meet laws and regulations on labor rights, human rights, safety and health, development of a sustainable environment, and corporate ethics. In addition, they must sign the "Supplier Statement of Corporate Social Responsibility" when signing a contract with the Company. If a supplier violates the terms of the Guidelines or the Statement, the Company may terminate or rescind the contract at any time and blacklist the supplier.
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 2019, a total of 952 Supplier Statements of Corporate Social Responsibility was signed by contractors of the companies of the Group with a total contract amount of NT$2.480 billion.
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 totaled NT$87,612 thousand in 2019 and it received the Private Enterprise and Organization Green Procurement Award from the Taipei City Department of Environmental Protection again. In addition, MICB actively promoted various energy conservation and carbon reduction measures and received the "2019 Outstanding Green Procurement and Green Consumption Organization Award" from the Environmental Protection Administration, Executive Yuan in October. We also received back-to-back "Group A Commerce Industry Excellence Award in the Taipei City Energy Conservation Leadership Awards" as recognition of our performance in promoting environmental protection and renewable energy. MICB has made great progress in updating the air-conditioning and lighting equipment and achieved great results in energy conservation and carbon reduction. It received the "2019 MOEA Energy Saving Benchmark Award - Silver Award" in December.
