Material Topics and Management Approach

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If you have any questions, comments or suggestions regarding ESG, please contact us.
Email: ESG@wistron.com

Material Topics and Management Approach

Material Topics and Management Approach

Material Topics and Management Approach

Wistron conducts a materiality analysis annually. The assessment conducted is based on the principle of double materiality, the analysis results are incorporated into the company's risk management process (Enterprise risk management, ERM) to be considered. After the material topics are identified, we according to the reporting requirements of the GRI Standards, relevant information on major topics, data and management policies, and communication results with stakeholders are collected. Major analysis results are reported to the board of directors and the information is approved for disclosure. Materiality assessment process and analysis results verified by a third-party assurance provider.

Matrix of Topics Impact Assessment



The Degree of Impact Rankings in Topics
 

In assessing the positive impact, we consider that each issue is just in the stage of meeting the requirements of the regulations, the management is superior to the regulations, the influence of the enterprise is exerted, the market opportunities are created, and so on. These are used to evaluate the positive impact of the issue on Wistron, further continue to exert corporate influence, and create higher value.

In evaluating negative impacts, we consider whether each issue has not occurred or has no risk of illegality, whether there is potential loss or risk of illegality, whether minor losses or violations of laws have occurred, whether major losses or illegal events have occurred, etc. These are used to assess the negative impact of the issue on Wistron, and then formulate a response plan in advance to reduce the impact of potential risks.



Evaluation Results

The four dimensions of ESGI are sorted separately, and according to the priority of the issues, the top 50% of the issues sorted from each aspect are taken as material topics. In addition, the company's sustainable strategy and focus area were considered to finally identify 17 topics as the major toptics of Wistron in 2022.
Environmental Protection
Social Inclusion
Corporate Governance
Innovation Value
Material Topics Importance to Wistron Position of Impact in the Value Chain
Within the organization Upstream Downstream
Wistron Subsidiaries Parts Materials Equipment Customers
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
Greenhouse Gas Emissions and Energy 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 Position of Impact in the Value Chain
Within the organization Upstream Downstream
Wistron Subsidiaries Parts Materials Equipment Customers
Employee Care and Benefits We are committed to promoting the physical and mental health of employees through a variety of health management activities to achieve work-life balance and improve employee performance
Talent Attraction 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
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 Resources Structure Wistron recruits diverse talents from all over the world and actively promotes gender equality. We also employ local talents to take up supervisory positions to implement localized management of talents
Talent Cultivation and Career
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
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 Position of Impact in the Value Chain
Within the organization Upstream Downstream
Wistron Subsidiaries Parts Materials Equipment Customers
Information Security In order to identify information security risks, education and training related to information technology management policies are  implemented to improve overall IT security capabilities and strengthen the organization's resilience against IT security incidents and threats
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
Sustainable Supply Chain Wistron's procurement influence is used to help suppliers improve the five dimensions of labor, health and safety, environment, ethics and management
Vision and Sustainable Strategies 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
Material Topics Importance to Wistron Position of Impact in the Value Chain
Within the organization Upstream Downstream
Wistron Subsidiaries Parts Materials Equipment Customers
Green Product In the product design stage, it is considered that no hazardous raw materials are used, product efficiency is improved, and it is easy to
disassemble or recycle, etc. to reduce the impact of products on the environment
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
Circular Economy The recycling green service from Cradle to Cradle is provided, environmentally friendly materials are provided, and the use of plastics is reduced, leading to the realization of the concept of industrial recycling
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



Material Topics and Management Approach

Material topics in 2022

Dimension

Management issues and management strategies

Environmental policy and management system

Environment

Climate Change and Energy Management

  • Improve energy efficiency
  • Improve renewable energy consumption

Water Resource Management

  • Implementation of water resource management and day-to-day water conservation
  • Implementation of water recycling and wastewater management

Hazardous Substance Management

  • Hazardous Substance Free (HSF)

Waste Management

  • Continuous implementation of waste classification and waste reduction
  • Enhancement of waste recycling and reuse

Product Accountability

  • Improve environmental benefits of products

Climate change management

Environment

Climate Change and Energy Management

  • Improve energy efficiency
  • Improve renewable energy consumption

Energy consumption and greenhouse gas management

Environment

Climate Change and Energy Management

  • Improve energy efficiency
  • Improve renewable energy consumption

Employee Care and Benefits

Social

Talent Attraction and Retention

  • Create a quality work environment and increase employee retention

Talent Attraction and Retention

Social

Talent Attraction and Retention

  • Create a quality work environment and increase employee retention

Occupational Safety and Health

Social

Occupational Safety and Health

  • Value employees' health and safety and commit to providing a safe work environment

Human Resources Structure

Social

Talent Attraction and Retention

  • Create a quality work environment and increase employee retention

Talent Cultivation and Career Development

Social

Human Capital Development

  • Promote corporate digital transformation and create organizational competitive advantages

Human Rights, Diversity and Inclusion

Social

Human Rights

  • Implement the company's human rights policy
  • Satisfy legal compliance

Information Security

Innovation

Governance

Information Security

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

Customer Relations

Innovation

Governance

Customer Relations

  • Increase customer satisfaction

Sustainable Supply Chain

Governance

Supplier Sustainability Management

  • Supplier Risk Management
  • Optimize regional supply chain
  • Signature of major statements
  • Greenhouse gas reduction and water source inventory
  • Suppliers with high energy usage obtaining GHG external verification
  • Annual supplier conferences
  • High energy usage suppliers obtaining
    energy management system external
    verification

Vision and Sustainable Strategies 

Environment

Social

Governance

Innovation

Climate Change and Energy Management

  • Improve energy efficiency
  • Improve renewable energy consumption

Water Resource Management

  • Implementation of water resource management and day-to-day water conservation
  • Implementation of water recycling and wastewater management

Hazardous Substance Management

  • Hazardous Substance Free (HSF)

Waste Management

  • Continuous implementation of waste classification and waste reduction
  • Enhancement of waste recycling and reuse

Product Accountability

  • Improve environmental benefits of products

Human Rights

  • Implement the company's human rights policy
  • Satisfy legal compliance

Occupational Safety and Health

  • Value employees' health and safety and commit to providing a safe work environment

Talent Attraction 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

  • Environment and humanity / social care
  • Enhance diverse collaboration on technology

Corporate Governance

  • Improve performance in global sustainability assessment

Ethical Management

  • Implement employee education and training, and strengthen the Code of Conduct and the corporate culture of ethical management

Risk Management/ Internal Control

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

Legal Compliance/ Privacy

  • Legal compliance mechanism is established to review changes in local and international regulations related
    to operations to ensure compliance with laws and regulations

Supplier Sustainability Management

  • Supplier Risk Management
  • Optimize regional supply chain
  • Signature of major statements
  • Greenhouse gas reduction and water source inventory
  • Suppliers with high energy usage obtaining GHG external verification
  • Annual supplier conferences
  • High energy usage suppliers obtaining
    energy management system external
    verification

Customer Relations

  • Increase customer satisfaction

Innovation Management

  • Strategically maintain patent portfolio
  • Expand technology fields and country coverages, enhance patent quality and increase overall patent value
  • Revitalize patent assets, e.g., transactions, licensing, or monetization
  • Expand new businesses

Information Security

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

Green Product

Innovation

Innovation Management

  • Strategically maintain patent portfolio
  • Expand technology fields and country coverages, enhance patent quality and increase overall patent value
  • Revitalize patent assets, e.g., transactions, licensing, or monetization
  • Expand new businesses

Product Development and Innovation

Innovation

Innovation Management

  • Strategically maintain patent portfolio
  • Expand technology fields and country coverages, enhance patent quality and increase overall patent value
  • Revitalize patent assets, e.g., transactions, licensing, or monetization
  • Expand new businesses

Circular Economy

Innovation

Innovation Management

  • Strategically maintain patent portfolio
  • Expand technology fields and country coverages, enhance patent quality and increase overall patent value
  • Revitalize patent assets, e.g., transactions, licensing, or monetization
  • Expand new businesses

Digital Transformations

Social

Innovation

Human Capital Development

  • Promote corporate digital transformation and create organizational competitive advantages

Innovation Management

  • Strategically maintain patent portfolio
  • Expand technology fields and country coverages, enhance patent quality and increase overall patent value
  • Revitalize patent assets, e.g., transactions, licensing, or monetization
  • Expand new businesses


Information Security

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