EVERSPRING INDUSTRY CO., LTD

Climate Impact & Sustainability Data (2020, 2021)

Reporting Period: 2020

Environmental Metrics

ESG Focus Areas

Environmental Protection
Employee Welfare
Corporate Governance

Environmental Achievements

Document control electronic e-operations, standardized document paper consumption and paper recycling continue to be carried out; indoor temperature 26 ℃ (inclusive) start air-conditioning equipment, use environmentally friendly chopsticks and other measures.
The company cooperates with the government to continuously carry out domestic waste classification, recycling and reduction activities, and there is no violation of environmental protection laws and regulations or major leakage.

Social Achievements

Established an employee welfare committee, implements a pension system, and provides employee group insurance, employee travel subsidies, employee dividends and year-end bonuses and other welfare measures; regularly organize employee tours and various education and training to improve employee quality and work skills; A perfect online management system, which contains various management methods, clearly stipulates the rights and obligations of employees and welfare items, and regularly discusses them to protect the rights and interests of employees.
Everspring Cultural Foundation participates in social welfare activities

Governance Achievements

Established a salary and compensation committee and an audit committee
Implemented various internal control systems in accordance with the law, internal audits regularly and irregularly check the implementation status, and also insure Related insurance such as property insurance, product liability insurance and accounts receivable credit insurance to avoid risks.

Climate Goals & Targets

Long-term Goals:

Through business model innovation, the group became a “smart building and home security control system service solution brand provider”

Medium-term Goals:

Expand its market share in Europe and the United States, Central and South America and Southeast Asia's emerging markets and the domestic market with its own brand products.

Short-term Goals:

Focus on the three major customer categories of telecom operators, system vendors and security brand channels.

Environmental Challenges

Lack of labor and rising wages in mainland China, resulting in a significant increase in manufacturing costs.
Vicious competition and low-price order scrambles from mainland Chinese companies.
International-level manufacturers such as Amazon and Google have begun to rush into the smart home and home security surveillance market.

Mitigation Strategies

Product design optimization and automated production processes must be introduced to solve the problem of manpower shortage and improve production efficiency and cost competitiveness.
Enhance the uniqueness and differentiation of new products in order to increase product added value and create competitive advantages, it is also necessary to master the marketing channels and brand awareness management in the international market.
Strengthen the channel layout, it is more important to provide integrated value-added services in software and services. In addition, through the construction companies, security companies and property management companies within the group, we can work together to develop cloud platforms and cloud services, successfully copy the successful cases of green building materials and smart buildings to foreign markets, and create new smart building businesses opportunity.

Supply Chain Management

Responsible Procurement

Conduct investigations and assessments of suppliers in advance to understand their suppliers’ operating conditions, quality control, and environment. Management, production capacity and delivery deadlines, in order to select suppliers to ensure and control good product quality, delivery time, quantity, coordination and reasonable trading conditions; maintain good communication channels, and respect and maintain their due Legitimate rights and create coordinated partnerships.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: International Financial Reporting Standards

Certifications: ISO-9001, ISO-14001

Third-party Assurance: Deloitte Touche Tohmatsu Limited

Sustainable Products & Innovation

Smart LED lamps and lanterns

Awards & Recognition

Taiwan Excellent Smart Green Building System Product Award
Gold award in the design category and the gold award in the system product category from the Asia-Pacific Excellent Smart Green Building and System Product Awards

Reporting Period: 2021