To ensure effective discussion and treatment of CSR issues, HTC has run a CSR Committee since 2012, and has also set up a dedicated team- Quality and Sustainability Management for formulating CSR policies, drawing up related action plans, performing cross-department coordination, and handling communication with, and feedback from, the external stakeholders and our key suppliers. The annual CSR performance and next year execution plan will review by the Auditing Committee under the Board of Directors at least once annually. After the FSC officially launched the Corporate Governance 3.0 - Sustainable Development Blueprint, in addition to our existing corporate social responsibility, HTC has also incorporated economic, environmental, and social-related issues to respond to the expectations of stakeholders.
In early 2022, HTC upgraded CSR Committee to ESG (Environment, Social, and Governance) Committee, committee, chaired by the Chairwoman. HTC also appointed its first Chief Sustainability Officer in Senior VP Madeline Chen, and members of executives as ESG committee members.
We hope to implement the sustainable operations of our corporation by striking a balance between the economy, environment, society, etc. areas. With a clear organization and division of labor, relevant departments can be included in management actions through interdepartmental meetings, thereby driving the overall sustainable development and innovation of HTC and ensuring that relevant policies and initiatives are incorporated into the company’s daily operations.
According to the "United Nations Global Compact” and “United Nations Universal Declaration of Human Rights.”, we are committed to upholding the fundamental principles of human rights for all of our workers and through daily operational practices. For HTC, we comply with local regulations and avoid human rights violations through regular assessments. We also provide grievance channels to identify potential risks. For our employees, HTC has an Employee Code of Conduct, which regulates all legal rights, interests and structures appropriate to follow. For our suppliers, we will take responsibility for supply chain management and require suppliers to avoid any incidents that violate human rights to ensure sustainable and positive social development.
ESG Management Procedures and Systems
In order to confirm the impact scope of major issues, we conduct stakeholder surveys and held an internal major issue discussion meeting to confirm the impact of the material issues on the internal and external organization. Including the positive, negative, or potential impact on the economy, environment and society, taken as a whole in accordance with internal considerations, industrial conditions, industrial chain practice, and stakeholders’ suggestions, as well as to confirm the impact of each issue. At the same time, HTC attaches great importance to communication and interaction with its stakeholders. In addition to setting up various communication channels, we respond to important suggestions or opinions from stakeholders based on their concerns and impact on HTC's operational impact. The feedback is submitted to the relevant departments for response and processing, than regularly disclosed in the ESG report.
2021 HTC Material Issues Matrix
In addition, to ensure that the policies and decisions of the ESG Committee can be put into practice, we have divided ESG activities into four areas, “green products, environmental protection, occupational safety & health, and social responsibility,” and have set up a dedicated management system for each. These have been verified as aligned with the applicable international regulations and standards, and help integrate company policy for sustainability and social responsibility into our daily operations.
ESG related management system and initiative