LITE-ON Technology Corporation wins “Corporate Citizenship” Award from Common Wealth Magazine for 12th Straight Year

2018/08/29

LITE-ON Technology Corporation has won a Corporate Citizenship Award from Common Wealth Magazine for twelve years in a row. This recognition is attributable to LITE-ON’s outstanding performance in transparency and corporate governance, as well as implementation of connecting its sustainability strategy and the development of SDG with its core business. LITE-ON provided LED street lighting to rural areas and helped improve the environment, while at the same time boosting local industry development and creating local economic benefits.

“LITE-ON believes that business activities must be sustainable. The sustainability of social and environmental protection is also part of corporate social responsibility. We keep examining our responsibilities and opportunities for implementation in environmental conservation and CSR. LITE-ON adopted the United Nations’ sustainable development goals (UN SDGs) in 2016 and integrated them with our core values in ESG practices. We focus on a total of eight sustainability goals and examine our roles and potential contribution in sales, operation and organization, setting specific targets to achieve SDGs with the use of value chain,” said Mr. Warren Chen, LITE-ON Vice Chairman and Group CEO.

LITE-ON have been involved in global LED street lighting construction projects, invested in “the Mercury Lamp Sunset Project” in Taiwan, and has become Taiwan's largest LED street light supplier. A total of about 400,000 Leotek street lights illuminate the streets across Taiwan and help local residents and pedestrians stay safe on the road. In addition to offering complete smart street light planning and solutions that contributed to improved quality and energy efficiency of street lights across Taiwan, LITE-ON used locally produced parts from local manufacturers, and worked with local contractors to support the growth of local supply chain. LITE-ON took Leotek street lights in “the 2017 Mercury Lamp Sunset Project” and performed Taiwan's first social impact assessment on a product. The analysis measured the social return on more than 20,000 street lights replaced in Class 4 and Class 5 rural areas in Taiwan. The Social Value International certified result estimated LITE-ON’s contribution at a multiplier of 2.85. LITE-ON works with municipal governments, clients, suppliers, contractors and other stakeholders closely to achieve sustainability and initiate a chain of positive changes in the society.

LITE-ON has been selected as a member of the Dow Jones Sustainability Indices (DJSI) for seven consecutive years and included in the Constituent MSCI ESG Leaders Indexes for four consecutive years. Moreover, LITE-ON was ranked as one of Top 100 Global Technology Leaders by Thomson Reuters in 2018, which includes Financial Performance, Management & Investor Confidence, Innovation, Legal Compliance, Environmental Impact, People & Social Responsibility, Reputation, and Risk & Resilience evaluations. LITE-ON was also ranked on the Top 5% listed companies of the forth Corporate Governance Evaluation by Taiwan Stock Exchange.

Contact:

Julia Wang

Senior Director, Investor and Public Relations

Tel: +886-2-8798-2888 email: LITEONTech.IR@liteon.com