People First X Mutually Beneficial Relationships, LITEON's Two Core Factors of Sustainability
"As LITEON promotes transformation and establishes a people-first
corporate culture, we are also creating a platform that starts from
LITEON and can connect and realize prosperity for all stakeholders."
Looking back on 2021, the pandemic and climate change still occupy
most pages of the discussion. As global climate action is in the
ascendant, the pandemic has also accelerated people's reflections on
life, work, and even social relations. Faced with the impact of extreme
climate, people clearly recognized that every decision made now is key
to affecting the survival of the species of the earth, and every effort
invested will become an important cornerstone for the development
of future generations. Living in a critical era in the current of human
history, at such a critical turning point, all walks of life have high
expectations for the role and commitment a corporation should play.
Before the pandemic, 200 CEOs, including Apple CEO Tim Cook and Amazon
Executive Chairman Jeff Bezos, gathered at the Business Roundtable in August 2019
to jointly express the "Purpose of a Corporation", emphasizing that the interests
of shareholders are no longer the most important goals pursued by corporations;
rather, the significance of the corporation is to create long-term sustainable value
for its stakeholders. Half a year after the statement was issued, the global economy
and public health encountered the impact of the novel coronavirus. The issue of
sustainability and resilience of a corporation breaking through and going against the
trend in the infinite game, as well as the building of trust between a corporation and
its stakeholders, have become core capabilities.
Building cooperation and trust between people has always been one of LITEON's
strengths. For 40 years, we believe that corporations are one of the most important
actors in sustainable engineering; with LITEON's nine stakeholders, including
employees, customers, suppliers, investors, governments, nonprofit organizations,
research institutions, communities, and media, are all important communication
partners. As LITEON promotes transformation and establishes a people-first
corporate culture, we are also creating a platform that starts from LITEON and can
connect and realize prosperity for all stakeholders."
Supply Chain Carbon Management
"Not only do we focus on achieving the sustainable goals, but we also
care about how to bring our partners in the value chain to understand
and to drive mutual improvement together."
When LITEON promotes energy innovation and energy conservation,
the approach adopted is to work closely with customers and supplier
partners to create resilience of the entire supply chain through mutually
beneficial solutions. In 2021, LITEON combined external resources
to assist suppliers and partners in conducting carbon reduction
inspections, and proposed a total of 77 specific improvement solutions,
with a total power saving potential of 10.93 million kWh (equivalent to
the electricity consumption of 1,000 Taiwanese households over 32
years). Also, it launched the Supply Chain Green Transformation Project,
to which it invited members of the supply chain to engage in conduct
organizational GHG emissions and product carbon footprint inventories.
Not only do we focus on achieving the sustainable goals, but we also
care about how to bring our partners in the value chain to understand
and to drive mutual improvement together. Taking cooperation, trust,
and mutual benefit as the core is an important reason why LITEON can
quickly diversify its layout and flexibly allocate production management
when faced with the global shortage and uncertainty of prices of raw
materials. In 2021, LITE-ON won the highest rating in the CDP Supplier
Engagement Leadership for two consecutive years. This recognition also
encourages us to continue our efforts in promoting a sustainable value
chain.
Building an Advocacy Network to Promote a Circular Economy for Marine Waste
"We must exert our influence and lead all LITEON stakeholders to learn
from the sea together. We must gather the will of everyone, find the
problem behind the problem, and de-construct it to find a model for
sustainable operations."
In the aspect of circular economy, LITEON is more active in leveraging
its core influential advantages, combining social participation,
environmental protection, ecological education, and technological
innovation to jointly promote mutually beneficial blue solutions. Since
2018, we have traveled all over the coasts of Taiwan. We saw marine
debris covering a large area of the original landform and ecology―
thus, we decided to act. Over the past three years, LITEON volunteers
have spent countless amounts of manpower and material resources to organize beach cleaning and education courses, in which it connected
more than 100 communities, schools, government agencies, suppliers
and customers and trained nearly 5,000 volunteers to engage in marine
work.
Because we know that environmental problems come from people,
corporations must exert their influence and lead all LITEON stakeholders
to learn from the sea together. We must gather the will of everyone, find
the problem behind the problem, and de-construct it to find a model for
sustainable operations.
After three years of hard work, LITEON's "SEA HOPE" project has
successfully established a complete recycling mechanism for marine
waste polystyrene. The on-site volume reduction in outlying islands
and along the coast first, then the marine waste Styrofoam was
reconstructed into low carbon recycled materials with modification
technology and introduced into electronic products. In 2021, LITEON's
self-developed marine waste recycled plastic LGS-7505 obtained
UL ECVP 2809 traceability validation and UL 746D recycled plastic
performance certification yellow card, making it the first company in the
world to obtain dual validation of both Ocean Plastic (OP) traceability
and performance.
An Inclusive Corporate Culture that Puts People First
"In difficult and changing times, we also need deeply shared values as
a firm foundation for mutual trust. Our stakeholders trusted LITEON to
devote itself to come up with the best mutually beneficial solutions."
Encouraging stakeholders to move forward together is not an easy task;
it takes a lot of time to build consensus and trust. Thus, we need to dig
to the essence of the problem, the bottom of the problem where there
are no eyes nor applause, and to communicate repeatedly at the most
subtle key points. Because we believe that only fundamental change and
belief can shape unshakable strength. Just like an iceberg only showing
a tip above the surface of the sea, but because of its deeply hidden
mass, it achieved an immovable center in the storm. In difficult and
changing times, we also need deeply shared values as a firm foundation
for mutual trust. When the pandemic hit and the situation changed,
because of close cooperation, our stakeholders immediately trusted
LITEON to devote itself to come up with the best mutually beneficial
solutions.
People are the foundation of all our efforts, and talent is also LITEON's
most important asset. This is an era full of challenges, but also one full
of opportunities. LITEON hopes to become the soil that will nurture the
growth of dreams in young people.
our stakeholders hope
earned from all walks of
continue to work hard along
In 2021, LITEON aims to be open, diverse, and inclusive, promote
organizational transformation, and create a free and open development
space for its young employees. At the same time, it also invites all employees to become shareholders, participate in the "Employee Stock
Ownership Trust" program, and share in the company's operating
results. We believe that work is one of the important realizations of the
meaning of life, and life should be colorful and rich. Therefore, LITEON
has held several internal LITEON Talks. We invited Xing-he Chen from
the Cirque du Soleil to talk about "Dream Big"; we also invited Xin-ru
He, number one in Asia at the IPC Para Dance Sport (Wheelchair Dance
Sport), to talk about never giving up. We held a three-day NBA (New
Brave Adventurers) CAMP to help new employees in the workplace
grasp LITEON’s core values. A pirate team has also been established
to conduct long-term training for potential managers and build a core
team belonging to LITEON.
The Spirit of the Times for Cooperation and Mutual Benefit
"We hope that the "light" of LITEON is a "light" with heat, one that
radiates and gathers energy. This energy comes from the ideals and
values that all our stakeholders hope to convey and the trust LITEON
has earned from all walks of life."
As we move towards sustainability, we will have a lot to learn. LITEON
joined the Taiwan Climate Partnership as a founding member in 2021
and has systematically introduced new ideas by cooperating with
industry partners with similar thinking. At the 2021 UN Climate Change
Conference (COP26), eight technology peers jointly spoke out, hoping to
become an important force behind Taiwan moving forward towards net-
zero carbon emissions.
We believe that the spirit of cooperation and mutual benefit is the spirit of
the times, and that it is the best demonstration of LITEON's beliefs. Over
the past 40 years, LITEON has undergone rapid iterative replacements
and paradigm shifts in the technology industry, all while maintaining a
certain level of profitability. Even in the face of the pandemic and the
high challenges of global supply links, all employees have overcome
difficulties and transformed various challenges into opportunities for
self-improvement; combining with internal and external partners, it
develops new perspectives and capabilities, thereby bringing more
resilience and competitiveness to the operations of LITEON and creating
record highs in profitability and net income per share for the year.
LITEON has always been an expert in light and electronics. We are
familiar with the various characteristics and wavelengths of light.
The light spectrum is rich, fluctuating, vital, and more inclusive and
diverse. We hope that LITEON's employees are also full of colors, like
the spectrum of light. All people can find their own expression and
belonging in LITEON's spectrum, free and unconstrained. We hope
that the "light" of LITEON is a "light" with heat, one that radiates and
gathers energy. This energy comes from the ideals and values that all
our stakeholders hope to convey, and comes from the trust LITEON has
earned from all walks of life. We expect as much from ourselves and
continue to work hard along with all our employees.

LITEON Sustainability ▸