Material Topics and Management Approach

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Material Topics and Management Approach

Material Topics and Management Approach

Material Topics and Management Approach

Wistron has adopted the Global Reporting Initiative Standards (GRI Standards) and the AA1000 Stakeholder Engagement Standards as the framework to establish the procedures for identifying material topics for corporate sustainable development. The Company conducted a full evaluation of the value chain covered by Wistron based on the identified material topics in accordance with the related activities, products, services, and related impact.

Analysis of Wistron's Material Topics in 2021
Environmental Protection
Social Inclusion
Corporate governance
Innovative value
Material topics Importance to Wistron Relevance to Wistron operations Position of impact in the value chain
Increase revenue Reduce costs Obtain funding/capital Increase customer trust Reduce reputation risks Increase employee cohesion Utilize social influence Within the organization Upstream Downstream
Wistron Subsidiaries Parts Materials Equipment Customer
Environmental policy and management system Wistron is dedicated to reducing the environmental impacts created during operations. We prevent potential environmental risks from occurring through complete policies, management procedures, and verification mechanisms
Climate change management In response to the global challenges brought by climate change, Wistron has established the goal of low carbon transformations, and actively manages climate related risks and opportunities to strengthen operation resilience ◼︎
Energy consumption and greenhouse gas management Wistron complies with international standards to establish our carbon reduction goals. We actively introduce energy saving and carbon reducing measures to minimize our overall carbon footprint and improve our operational competitiveness ◼︎
Material topics Importance to Wistron Relevance to Wistron operations Position of impact in the value chain
Increase revenue Reduce costs Obtain funding/capital Increase customer trust Reduce reputation risks Increase employee cohesion Utilize social influence Within the organization Upstream Downstream
Wistron Subsidiaries Parts Materials Equipment Customer
Recruitment and retention A talent pool with excellent potential is the most important strategic capital of a company. Wistron created a world class workplace through diverse measures, so that our employees can be proud to work in Wistron ◼︎
Talent cultivation and development In order to help the career development of employees, Wistron provides diversified learning channels and training systems. We actively improve our competitiveness to face the market challenges ◼︎
Occupational safety and health Employee health and workplace safety are the foundations for corporate sustainable developments. Wistron complies with international standards to build a safe work environment for employees, ensuring highly efficient operational performance ◼︎
Human rights, diversity and inclusion A diverse and tolerant culture can create positive impacts on the organization. By upholding the core value of a people-oriented philosophy, Wistron actively shows respect for the human rights of employees and a diversified workplace in the overall value chain ◼︎
Material topics Importance to Wistron Relevance to Wistron operations Position of impact in the value chain
Increase revenue Reduce costs Obtain funding/capital Increase customer trust Reduce reputation risks Increase employee cohesion Utilize social influence Within the organization Upstream Downstream
Wistron Subsidiaries Parts Materials Equipment Customer
Corporate governance Just and ethical management is the foundation of corporate sustainability. Apart from compliance with international and domestic laws, Wistron uses our own high standards for self-discipline to fulfill shareholder expectations
Sustainable strategies and vision Only with a grand vision and strategy can we create a bright future. Through the stipulation of sustainable strategies and vision, Wistron has created a clear long-term development plan ◼︎
Risk and crisis management Wistron has established risk management mechanisms to implement risk management, adjustments, and procedure reviews, in order to strengthen operational resilience against changing market conditions. ◼︎
Customer Relations The source of the Company’s core competitiveness is the close and sustainable partnerships we have established with our customers. Wistron continues to deepen customer trust through our corporate sustainable management and social responsibility management system. ◼︎
Material topics Importance to Wistron Relevance to Wistron operations Position of impact in the value chain
Increase revenue Reduce costs Obtain funding/capital Increase customer trust Reduce reputation risks Increase employee cohesion Utilize social influence Within the organization Upstream Downstream
Wistron Subsidiaries Parts Materials Equipment Customer
Product development and innovation By leading sustainability with innovation, Wistron actively introduces sustainable thinking during the design process to reduce the environmental impact of products, creating a better life through technology ◼︎
Digital transformation In response to industry trends, Wistron has internalized the ideas of digital transformations within the organization for many years. We have created world class competitiveness through the complete digitization and smartification of operations
  • ●: Direct cause、■: Indirect cause、▲: Business partnership
Material Topics and Management Approach

Material topics in 2021

Dimension

Management issues and management strategies

Environmental policy and management system

Environment

Climate change and Energy management

  • Increase energy efficiency usage and improve renewable energy consumption

Water resources

  • Implement water resource management, water recycling, and wastewater management

Hazardous substance management

  • Hazardous Substance Free (HSF)

Waste management

  • Promote waste classification and reduction and enhance waste recycling and reuse

Product accountability

  • Improve environmental benefits of Products

Climate change management

Environment

Climate change and Energy management

  • Increase energy efficiency usage and improve renewable energy consumption

Energy consumption and greenhouse gas management

Environment

Climate change and Energy management

  • Increase energy efficiency usage and improve renewable energy consumption

Recruitment and retention

Society

Talent recruitment and retention

  • Create a quality work environment and increase employee retention

Talent cultivation and development

Society

Human capital development

  • Promote corporate digital transformation and create organizational competitive advantages

Occupational safety and health

Society

Occupational Health and Safety

  • Focus on employee health and safety Committed to providing a safe work environment

Human rights, diversity and inclusion

Society

Human rights

  • Implement the Company's Human Rights Policy
  • Satisfy legal compliance

Corporate Governance

Governance

Corporate governance

  • Improve performance in sustainability evaluations

Sustainable strategies and vision

Environment

Society

Governance

Innovation

Climate change and Energy management

  • Increase energy efficiency usage and improve renewable energy consumption

Water resources

  • Implement water resource management, water recycling, and wastewater management

Hazardous substance management

  • Hazardous Substance Free (HSF)

Waste management

  • Promote waste classification and reduction and enhance waste recycling and reuse

Product accountability

  • Improve environmental benefits of Products

Human rights

  • Implement the Company's Human Rights Policy
  • Satisfy legal compliance

Occupational Health and Safety

  • Focus on employee health and safety Committed to providing a safe work environment

Talent recruitment and retention

  • Create a quality work environment and increase employee retention

Human capital development

  • Promote corporate digital transformation and create organizational competitive advantages

Social engagement and care

  • Environmental protection and humanity and social care
  • Enhance diverse collaboration on technology

Corporate governance

  • Improve performance in sustainability evaluations

Ethical management

  • Implement employee education and training and strengthen the code of conduct and ethical management

Risk management/internal control

  • Regularly identify the risk appetite for all levels of the Company

Legal compliance and management/Privacy

  • Establish legal compliance mechanism to review changes in local and international regulations related to operations to ensure compliance with laws and regulations

Supplier Sustainability Management

  • Suppliers risk management
  • Optimize regional supply chain
  • Signature of major statements
  • Greenhouse gas reduction and water audit
  • High energy usage suppliers obtaining GHG external verification (ISO 14064 1)
  • Annual supplier conferences

Customer relations

  • Increase customer satisfaction

Innovation management

  • Patent portfolio management
  • Expand new business

Information security

  • Establish an updated information security system and mechanism to ensure information security for the company and customers

Risk and crisis management

Governance

Risk management/internal control

  • Regularly identify the risk appetite for all levels of the Company

Customer relations

Innovation

Customer relations

  • Increase customer satisfaction

Product development and innovation

Innovation

Innovation management

  • Patent portfolio management
  • Expand new business

Digital transformation

Society

Innovation

Human capital development

  • Promote corporate digital transformation and create organizational competitive advantages

Innovation management

  • Patent portfolio management
  • Expand new business