Corporate Sustainability Vision and Commitment
With an entrepreneurial spirit, LITEON focuses on solid execution, and advances toward the vision of "the best partner for optoelectronics, energy conservation and smart technologies." We construct our sustainability strategies around the core values, "environmental sustainability," "inclusive innovation," and "sustainable governance," and extend them into five specific 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 2020 LITEON CSR Report.
LITEON Corporate Sustainability Committee
As a way to raise sustainable competitiveness and to demonstrate the company's commitment to sustainable development, LITEON passed a resolution to establish the Corporate Sustainability Committee (CSR Committee) directly under the board of directors in April 2019. The committee is the highest authority governing the company's sustainability-related operations. LITEON is one of the few TWSE-listed
companies in Taiwan to elevate sustainable governance to the level of directors.
The CSR Committee shall be composed of three or more board members selected by the board of directors. Half or more of the committee members shall be independent directors. The level of authority for the CSR Committee was elevated again in November 2020. The board of directors passed a proposal to appoint LITEON Chairman Tom Soong to be the chairman of the CSR Committee in charge of setting annual CSR targets in terms of the economic, environmental, and social aspects of the business. Progress is monitored regularly to ensure LITEON's continuing advancement toward sustainability and fulfillment of short-, medium-, and long-term
goals. In addition, updates and results are reported regularly to the board of directors annually.
In response to the environment and issues of interest to stakeholders as well as changes in industry trends, we evaluated LITEON's core competencies, and divided committee activities into nine categories to be incorporated into routine operations. The objective is to establish more focused and more refined sustainability and accountability regulations. Hence, two function units, which contain nine sub-committees, are created under the CSR Committee. The sub-committees are "risk management", "information security" management, "ethical corporate management", effective management of the RBA code of conduct, community involvement, supply chain management, green design, environmental sustainability, information disclosure and added value improvement. The goals of each committee are set out in the 2020 LITEON CSR Report.
Sustainability Strategy and Blueprint
To achieve sustainable development, LITEON 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, LITEON 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 2020 LITEON CSR Report.
Following the product lifecycle sustainability approach, LITEON continues to work on improving product performance, facilitating circular product design, and reducing product environmental footprints and effects of toxic substances in the environment. LITEON 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 LITEON's mission to enable users to enjoy a better lifestyle.
Application and Innovation
To create a better sustainable lifestyle, LITEON 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".
LITEON strives to create a sustainable value chain and implements responsible production to reduce the impact of business activities. LITEON'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, LITEON 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 LITEON. 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, LITEON 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.
LITEON 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 "LITEON Award" was created to encourage technological innovators in the Chinese-speaking world. The LITEON Cultural Foundation was founded to promote the community assistance program and train community volunteers to provide services for high-risk youth and children. LITEON also organizes life-long learning through a community college, and provides adult education for the disabled and the disadvantaged and green courses. Meanwhile, LITEON 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, LITEON 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. LITEON 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, LITEON 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.
LITEON Sustainability ▸