Corporate Sustainability Vision and Commitment
To fulfill the vision of being "the best partner in optoelectronics, energy conservation and smart technologies", LITE-ON upholds the core values, "exceptional execution", "innovation", and "integrity", and makes continuous improvement through constant innovation, develop high value added products, and build a path to sustainability. LITE-ON, in its pursuit of revenue and profit growth, never strays from its CSR commitments and various social pledges, including employer-employee relations, employee care, corporate governance, environmental protection, and public charity works. The company places a great emphasis on complying with government laws and regulations, protecting work rights, improving workplace health and safety, developing green products, reducing damage to the environment, and upholding social and environmental responsibilities in order to meet stakeholders' expectations.
As a global corporate citizen, LITE-ON supports the Responsible Business Alliance (RBA), Social Accountability 8000, SA 8000, and internationally recognized human rights standards, including the Universal Declaration of Human Rights, the International Labour Organization, and the UN Guiding Principles on Business and Human Rights. LITE-ON follows the aforesaid standards and local regulations where it conducts business activities, and establishes its labor standards, LITE-ON Human Rights Policy and LITE-ON CSR Code of Conduct as a set of CSR guidelines.
LITE-ON supports CSR in climate change with action and full participation. We adopt science based targets and set medium and long term carbon emission reduction targets. We have also made a commitment to support the Task Force on Climate-Related Financial Disclosures (TCFD) by following the TCFD framework to disclose climate change information and related risks and opportunities. The commitment is made also in support of the Commit to Action campaign launched by the Carbon Disclosure Project (CDP) and We Mean Business Coalition.
LITE-ON Corporate Sustainability Committee
The LITE-ON Corporate Sustainability (CSR) Committee is supervised by the board of directors. Chairman Tom Soong (effective November 2020) is the Committee Head and leads LITEON's executive management in implementing management practices. Annual CSR targets are set in terms of the economic, environmental, and social aspects of the business. Progress is monitored regularly so to ensure LITEON's continuing advancement toward sustainability and fulfillment of its short- and medium-term goals. In addition, updates and results are reported to the board of directors as appropriate every year.
In response to changes in the environment and the concerns of stakeholders, LITE-N has developed six main committee principles based on the company's capacity and incorporated them into daily operations. These six principles are: Responsible Business Alliance (RBA) management, community involvement, supply chain management, green design, environmental sustainability, and information disclosure and added value.
In 2018, LITEON made an amendment to the LITEON Corporate Social Responsibility Best Practice Principles, which was approved by the board of directors. The amendment was intended to ensure LITE-ON fulfilled its corporate social responsibility through effective implementation of corporate governance, development of a sustainable environment, ongoing support of public interest, and improved information disclosure.
Sustainability Strategy and Blueprint
To achieve sustainable development, LITE-ON upholds its entrepreneurial approach and focuses on solid execution and advancement toward the vision of "the best partner for optoelectronics, energy conservation and smart technologies". In terms of environmental, social and governance (ESG) criteria, LITE-ON builds its sustainability strategies around the core values, "environmental sustainability", "tolerance and innovation", and "sustainable governance", and extend them into five strategies that are consistent with the 10 UN Sustainable Development Goals (SDGs) in green products, application and innovation, responsible production, employee development, and social impact. The results are disclosed in the 2018 LIRE-ON CSR report.
Following the product lifecycle sustainability approach, LITE-ON continues to work on improving product performance, facilitating circular product design, and reducing product environmental footprints and effects of toxic substances in the environment. LITE-ON also tries to enhance product features such as ease of assembly, disassembly and recycling. The company works with suppliers to become the clients' best allies in achieving low carbon emission, ensuring environmental friendliness, and creating sustainable value chains. It is LITE-ON's mission to enable users to enjoy a better lifestyle.
Application and Innovation
To create a better sustainable lifestyle, LITE-ON has systematically combined smart and energy saving products developed over the years, and created seven applications: industrial automation solutions, smart city solutions, smart internet of vehicles solutions, electric car charging solutions, smart home solutions, smart office solutions, and smart care solutions. Going forward, we will continue to develop new solutions in "smart manufacturing transformation", "driving smart traffic", and "building a smart lifestyle".
LITE-ON strives to create a sustainable value chain and implements responsible production to reduce the impact of business activities. LITE-ON's commitment to supplier management emphasizes the importance of guiding suppliers to fulfill corporate social responsibility, protect the environment, and pay attention labor rights and health and safety. In addition, LITE-ON encourages suppliers to adopt business models with a less impact on the environment in order to ensure the products or supply chain would not resort to using conflict materials.
Employees are one of the important drivers of sustainable development for LITE-ON. To help employees reach their full potential, we protect the rights of our employees, and strengthen occupational health and safety management to create a comfortable work environment. In addition, there are a variety of benefits as well as clubs and activities in place. We take an active approach to employee care and operate a range of employee communication channels aimed to create an inclusive workplace. A healthy workplace culture and competitive compensation packages also help to foster employee loyalty. Meanwhile, LITE-ON tries to implement comprehensive employee development and training effectively in all specializations on all levels of the organization in order to enable employees to achieve self development and improve work performance. The approach also helps the company build up human capital and make the organization work more effectively in the process.
LITE-ON follows the principle of giving back to the community what it takes, and strives to build a multi-cultural, caring, creative, and sustainable society. The "LITE-ON Award" was created to encourage technological innovators in the Chinese-speaking world. The LITE-ON Cultural Foundation was founded to promote the community assistance program and train community volunteers to provide services for high-risk youth and children. LITE-ON also organizes life-long learning through a community college, and provides adult education for the disabled and the disadvantaged and green courses. Meanwhile, LITE-ON volunteers form teams to provide English and after-school teaching at remote elementary schools; after-school counseling for disadvantaged students; counseling for the disabled; accompaniment for seniors living alone; and participation in environmental protection activities. As a way to allow students to develop their skills and experience the workplace, LITE-ON provides domestic and international internships every year. The company also tries to work more closely with schools through industry-academia cooperation as a way of teaching that combines theory and practice. LITE-ON launched the Sea Hope program in 2018. The program helps the Environmental Protection Bureau of Penghu County dispose and recycle styrofoam marine waste. Plans are also being made to transform recycled styrofoam marine waste into recycled materials that can be used by the company. This is the first step toward a circular economy. Meanwhile, LITE-ON organizes more coastal cleanups, and invites its stakeholders to support the "less plastic on the ground, less plastic all around" campaign and contribute to marine sustainability.
LITE-ON Sustainability ▸