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Corporate Social Responsibility Overview

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Corporate Social Responsibility Overview

In order to implement sustainable development for the company and achieve balanced development in economy, society and environment, we have adopted the spirit of being a responsible corporate citizen. Our company passed the ‘Corporate Social Responsibility Practical Guidelines’ in March 2019 and implements the content in terms of governance, sustainable development of the environment, social welfare and enhancing the transparency, fairness and openness of information. On April 13, 2022, in line with international trends and legal revisions, the ‘Corporate Social Responsibility Practical Guidelines’ was renamed to ‘Sustainable Development Practical Guidelines’, and the ‘Sustainable Development Committee’ was established on September 29, 2022, as the highest decision-making unit for sustainable governance. The CEO serves as the chairman and leads key operational members, responsible for planning the strategy and goals for the company’s sustainable development. The policy goals, key plans, and implementation results are submitted to the board of directors for approval on an annual basis, playing a supervisory role and assisting the management team in ensuring the achievement of sustainable goals. The most recent submission was on December 28, 2023.

 

Risk Assessment and Sustainability Promotion Objectives

Environmental aspect:

The company primarily focuses on the research, design and sale of power management integrated circuit products and does not produce a significant amount of energy-intensive equipment or business waste. However, with increasing global warming, the company may be subject to measures such as carbon taxes in the future. The company obtained ISO14001 environmental management system certification in December of 2001 and undergoes environmental consideration evaluations every two years to continue improvement and regular review.

Short-term goal Utilize our influence intelligently to establish an ESG task force within the supply chain. Create a dedicated organization to formulate a vision/mission and swiftly initiate implementation efforts.
Mid-term goal Collaboratively establish a plan within the supply chain to annually reduce carbon emissions by 1%. Integrate ESG criteria into supplier assessments and continuously promote the attainment of environmental certifications within the supply chain.
Long-term goal Respond to both domestic and international environmental initiatives. Leverage our influence intelligently on suppliers and consistently drive corporate responsibility in terms of carbon, water, electricity, and energy.

Social Responsibility Aspects:

Our company has been committed to improving employee salaries and benefits, improving employee training and development, enhancing occupational safety and health, and researching, coordinating, and planning employee welfare and safety-related matters. The Human Resources and Management Center is responsible for creating a safe and comfortable work environment, preventing occupational accidents, and ensuring the safety and health of our colleagues.

Short-term goal Shaping a healthy workplace and taking actions for friendly treatment of the environment.
Mid-term goal Improve positive employee relationships and strive for social inclusion.
Long-term goal Carbon reduction and tree planting contributes to zero carbon emissions.

Corporate governance:

Through establishing governance organizations and implementing internal control mechanisms, we ensure that all personnel and operations comply with relevant laws and regulations and practice honest management. In addition, to reduce conflicts and misunderstandings among stakeholders, we establish various communication channels, actively communicate, set up a mailbox for investors, and have someone responsible for handling and responding.

Short-term goal Develop improvement plans for un-scored items in the corporate governance evaluation, implement those improvements, and obtain the first uPI evaluation result.
Mid-term goal Continuously improve the corporate governance evaluation score and achieve steady progress, with the ultimate goal of reaching the top 20% ranking.
Long-term goal To become the leading enterprise in the tier of the ESG evaluation agency.

Year 2023 Progress Report:

Environment
  • Key metal raw materials are free from conflict minerals. (achieved)
  • ESG sustainable risk assessment of key suppliers reach 100%.
  • Achievement rate of reducing carbon emissions by 1% for suppliers is 100%.
  • Advocacy for sustainable policies in carbon reduction, renewable energy adoption, water conservation, and energy efficiency. (promotion)
Social Responsibility
  • In order to promote labor-management harmony, quarterly labor-management meetings are completed to improve working conditions.
  • In order to strengthen employee health, we provide multiple health check-up programs and optimize the health check-up process and environment.
  • In order to create a friendly workplace, we plan the parking space for pregnant colleagues and provide regular care and consultation.
  • In order to fulfill CSR, we support Meng En hearing-impaired handmade biscuits. We also encourage employees to voluntarily continue to subscribe.
  • In order to care disadvantaged groups in society, the Shenzhen subsidiary donated computer equipment to charity organizations to assist students in remote area.
Corporate Governance
  • Adapt international trend, protect shareholder equality, and enhance information transparency
    • Publish the English vision of annual report, shareholder’s meeting handbook, and financial report.
    • Complete the insider shareholding change report before 10th of every month.
    • Broadcast the shareholders’ meeting live online, with minutes detailing shareholders inquiries and responses.
    • Add the “Rules Governing Financial and Business Matters Between this Corporation and its Related Parties” and disclose the link between managers’ performance evaluation and remuneration.
    • Utilize the Taiwan Depository & Clearing Corporation’s eNotice platform to providing shareholders with electronic dividend notices, replacing paper-based operations.
  • Enhance the structure and operation of Board of Director
    • Use Audit Quality Indicators (AQIs) to evaluate the independence and competence of CPAs, with detailed documentation of the evaluation process.