Jhen Vei Electronic Co., LTD.
Climate Impact & Sustainability Data (2022, 2023, 2023-01 to 2023-09)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental Protection
- Corporate Governance
- Social Responsibility
Environmental Achievements
- Established a halogen-free production line in the electronic components sector
- Implemented water conservation practices and energy-saving measures
Social Achievements
- Maintained harmonious labor-management relations
- Implemented employee welfare programs including labor insurance, health insurance, group accident insurance, and subsidies for various life events
- Provided employee training and development programs
Governance Achievements
- Established an Audit Committee and a Remuneration Committee
- Implemented a comprehensive information security management system
- Established ethical corporate management policies and programs
Climate Goals & Targets
Long-term Goals:
- Continuously improve business groups' operations and corporate development
- Expand the scope of group businesses and make continuous investments in new ventures to strengthen the company's growth momentum
- Plan the layout of production in Southeast Asia
Medium-term Goals:
- Continuously improve sales and marketing policies, product quality, and customer service
- Control expenses, cost and project risk management for increase the company's competitiveness
- Create for diversification of products and investments to gradually expand the scale of operations
Short-term Goals:
- Expand into new markets and new customers to increase overall market share
- Maintain and integrate the supply-demand relationship with the industry chain to improve material quality and production process
Environmental Challenges
- Volatile raw material prices
- Rising labor costs
- Price competition in the electronic components and electronic manufacturing services business
- Increasing competition in the solar power industry
- Exchange rate fluctuations
Mitigation Strategies
- Investing in automation equipment and process improvements
- Maintaining good relationships with suppliers
- Emphasizing employee education and training
- Maintaining prudent financial management
- Demonstrating excellent construction track records
- Utilizing foreign exchange hedging instruments
Supply Chain Management
Responsible Procurement
- Supplier Evaluation Operation Guidelines
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Certifications: ISO 9001:2000, ISO 14000, SONY GREEN PARTNER
Third-party Assurance: KPMG
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental protection (E)
- Social responsibility (S)
- Corporate governance (G)
Environmental Achievements
- Improved product processes and introduced environmentally friendly raw materials in line with ESG regulations.
- Installed solar power generation systems in factories to reduce carbon emissions.
Social Achievements
- Implemented employee stock ownership trust to enhance employee welfare and loyalty.
- Provided various employee welfare measures, including marriage, childbirth, illness, funeral, and major disaster subsidies; short-term outings, domestic and international long-term travel subsidies; employee in-service education and training subsidies; and regular employee health checkups.
Governance Achievements
- Established a corporate governance officer to strengthen corporate governance and enhance board efficiency.
- Provided corporate governance and management training for directors.
Climate Goals & Targets
Long-term Goals:
- Sustainable operation
Environmental Challenges
- Fluctuations in raw material prices, rising labor costs, and price competition in the electronics components and processing business.
- Competition in the solar power generation industry due to limited land and buildings in Taiwan.
Mitigation Strategies
- Maintaining good relationships with suppliers to respond to fluctuations in raw material prices; investing in automation to reduce reliance on labor; and providing employee training to improve efficiency and maintain price competitiveness.
- Utilizing sound financial management and excellent project experience to gain customer trust and secure more partnerships.
Supply Chain Management
Responsible Procurement
- Requiring suppliers to provide products that comply with environmental regulations.
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Halogen-free production line and products
Reporting Period: 2023-01 to 2023-09
Environmental Metrics
ESG Focus Areas
- Environmental protection
- Corporate governance
- ESG Issues
Governance Achievements
- Amendment to articles of association in 2023, stipulating that the proportion of cash dividends to be distributed to shareholders shall not be less than ten percent of the total dividend amount.
Climate Goals & Targets
Environmental Challenges
- General decline in revenue across the electronics industry in 2023.
- Decrease in revenue for Cable and SMT business units from January to September 2023 compared to the same period in 2022.
Mitigation Strategies
- Continued increase in automation ratio to enhance production efficiency and maintain product quality.
- Focus on system integration services, emphasizing power plant construction projects with self-owned power plants as a supplement to enhance return on capital.
- Regional risk reduction by establishing a global presence and being closer to customers.