Teco Electric and Machinery Co Ltd

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Comprehensive TECO Electric and Machinery Co., Ltd. has demonstrated a comprehensive level of transparency in its climate lobbying activities. The company has disclosed specific policies it has engaged with, such as its participation in the "1.5°C Climate Action Declaration" launched by the Chinese National Association of Industry and Commerce (CNAIC), its advocacy for motor energy efficiency upgrades, and its recommendations for vehicle electrification policies and preferential tax rebates for green energy products. TECO has also provided detailed information about its lobbying mechanisms, including direct engagement with government entities like the Ministry of Economic Affairs and the Executive Yuan, as well as its active roles in industry associations such as the Chinese National Association of Industry and Commerce (CNAIC) and the Taiwan Electrical and Electronic Manufacturers' Association (TEEMA). The company has further clarified the specific outcomes it seeks, including accelerating motor energy efficiency upgrades, formulating vehicle electrification policies, and aligning its lobbying activities with the 1.5°C target of the Paris Agreement. These disclosures reflect TECO's strong commitment to transparency and its proactive approach to influencing climate-related policies for measurable environmental benefits. 4
Lobbying Governance
Overall Assessment Comment Score
Comprehensive TECO Electric & Machinery Co., Ltd. demonstrates a comprehensive and robust governance process for aligning its lobbying activities with its climate goals. The company has implemented clear oversight and review mechanisms through its Corporate Governance and Sustainability Committee, which includes a majority of independent directors, and its ESG Office, which reports directly to the chairman on a monthly basis. These bodies ensure that both direct lobbying efforts and participation in trade associations are rigorously evaluated, as shown by the detailed internal procedures – for example, the company notes that "Lobbying activities related to climate change need to be reviewed by the ESG Office and the implementation is supervised by the Corporate Governance and Sustainability Committee" and that annual review reports are submitted through this process. Furthermore, TECO's approach, which includes a clearly stated policy to withdraw from associations that do not align with their climate targets, highlights strong accountability and synchronization across departments. This integrated oversight confirmed by published procedures and regular audits reflects a strong commitment to comprehensive climate lobbying governance. 4