2023/12/09
LITEON Included in the Dow Jones Sustainability Indices for Thirteen Consecutive Years, Ranking Among the 2023 DJSI World Index and Emerging Markets Index
LITE-ON Technology Corporation (2301) is pleased to announce that it has been listed in both the "World Index" and the "Emerging Market Index" on the Dow Jones Sustainability Index (DJSI). This marks LITEON's 13th consecutive year of inclusion since 2011. The ranking demonstrates the company’s long-term efforts in environmental, social, and governance (ESG) and its sustainable performance has been highly recognized internationally.
Full marks in Seven-question groups, including environmental performance, innovation, and human capital development.
The Dow Jones Sustainability Indices (DJSI), issued by S&P Global, is one of the world's leading ESG performance rankings for publicly listed companies. The Dow Jones Sustainability World Index (DJSI World) is composed of corporate leaders in global sustainability that represent the top 10% of the largest 3,400 companies in the S&P Global Broad Market Index based on long-term economic and ESG factors. According to 2023 CSA, LITEON achieved the highest score in the global Computers & Peripherals and Office Electronics (THQ) industry, got full marks in Seven-question groups, including environmental performance, innovation, and human capital development, and was also selected as a constituent stock of both the "World Index" and "Emerging Market Index".
Guided by the "Embracing Collaboration, Share the Rewards" corporate ethos, LITEON's Chairman and Chief Sustainability Officer, Tom Soong, believes that trust and collaboration are integral to achieving sustainability. Therefore, as LITEON strives to enhance its digital and low-carbon competitiveness, including a real-time AI strategy platform grounded in carbon management strategy, it also actively leading partners to collaboratively build a low-carbon sustainable ecosystem. Since success in sustainability is not only about environmental measures but also about the ability to drive collaboration. LITEON joined forces with diverse industry partners this year to launch the “-1111 EcoRevolve Shopping Fair," transforming Double Eleven by encouraging all employees to collect more than 7,000 second-hand items and all proceeds from the sale have been donated to diverse NGOs.
LITOEN defines the value of talent through their impact and empowers them through social engagement. In 2023, led by the leadership of the President and senior executive team, LITEON embarked on a journey to document Taiwan’s coastline with a 360-degree camera. The team of the young generation has also taken up the cause of preserving Taiwan's coastline. This year, LITEON received the Platinum Award for Sustainable Report and the Talent Development Leadership Award by 2023 TCSA (Taiwan Corporate Sustainability Awards), recognized as one of the top employer brands for its environmental and social impacts.
To combat climate change, LITEON has launched "Project 555," a comprehensive plan aimed at reducing carbon emissions and product footprints by 5% annually, committed to achieving net-zero emissions by the year 2050. Externally, LITOEN is collaborating with suppliers to develop low-carbon materials such as plastics and PCBs, to enhance their carbon competitiveness throughout the value chain. By leveraging its core optoelectronic technology, LITEON is focusing on energy, optoelectronics, interconnectivity, software, and AI applications, developing integrated energy-efficient products and end-to-end energy application services, contributing to the development of the Internet of Energy (IoE) as well as shared its solution in COP28.
LITEON Technology has been rated AA by Morgan Stanley (MSCI) ESG rating and selected as a constituent stock of the MSCI ESG Leaders Index for ten consecutive years since 2014. LITEON also rated as Prime status by the ISS ESG Rating, included in the FTSE4Good Emerging Market Index and the FTSE4Good TIP Taiwan ESG Index, In 2023 LITEON received the "Corporate Citizen Award" from CommonWealth Magazine for 17 years in a row, and Corporate Sustainability Report Platinum Award, the Best Practice Awards of Climate Leadership, the Supply Chain Leadership, Talent Development Leadership Award in 2023 Taiwan Corporate Sustainability Awards (TCSA).
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