Issue Date: July 04, 2025
 

Letter from the Chairman

In 2024, the global political and economic landscape remained turbulent, with rising geopolitical risks, sluggish momentum in the global economic recovery, and a combination of external factors including inflation and rising interest rates. The world economy entered a phase of “low growth and high uncertainty”. In the face of these challenges, Coretronic continued to uphold its core values of “Innovation, Professionalism, and Sustainability”, steadily advancing flexible and forward-looking operational and transformation strategies to respond to the volatile environment and the long-term trend of green transformation. Coretronic sincerely thanks all stakeholders for their unwavering support and encouragement, which has empowered us to demonstrate outstanding innovation capabilities amid multiple challenges. As a result, the Company was honored to be named one of “Clarivate’s Top 100 Global Innovators™” for the second consecutive year. With a more proactive and positive attitude, Coretronic will continue to harness its boundless creativity, maintain robust operational resilience, and join hands with all stakeholders in building a sustainable future.

Towards a Net-Zero Future: A Comprehensive Transformation from Carbon Reduction to Product Sustainability

Coretronic is actively advancing climate governance and implementing climate adaptation actions. In alignment with the SBT 1.5°C scenario, the Company has set carbon reduction targets: “Reduce absolute scope 1 and 2 GHG emissions 50.4% by 2032 from a 2021 base year, and reduce absolute scope 3 GHG emissions 30% within the same timeframe”. These targets were officially approved by the SBTi in 2024. In the same year, the Company’s Scope 1 and 2 emissions had already decreased by 51% compared to 2021, surpassing the anticipated net-zero trajectory and steadily progressing toward its 2050 net-zero targets. Coretronic has also published the TCFD (Task Force on Climate-related Financial Disclosures) report for two consecutive years and has responded to the CDP questionnaire for six consecutive years. In 2024, the Company was recognized with “A List” leadership level ratings for both “Climate Change” and “Water Security” for the first time. Furthermore, the Company has responded to the RE100 initiative, pledging to achieve 100% renewable energy use by 2040. As of 2024, the Company has installed 8 self-use solar power generation systems and procured renewable energy through green power wheeling and renewable energy certificates, achieving a 15% renewable energy usage rate. In terms of product sustainability transformation and development, the Company has embedded low-carbon principles into its product development technologies and manufacturing processes. The Company has established clear strategies and quantitative targets for each stage of the product life cycle and conducting both self-assessment and ISO 14067 product carbon footprint inventories. The Company has also built a product carbon footprint platform to analyze emission structures, optimize product design, enhance energy efficiency, and increase the use of low-carbon materials, strengthening the sustainability competitiveness of its products. Coretronic is committed to developing low-carbon innovative products that deliver both economic value and environmental benefits.
 

Creating a Happy Enterprise: From Employee Care to Social Impact

Employees are the core driving force behind the Company’s sustainable operations. To this end, the Company implements annual salary adjustments, human rights management, training programs, DEI awareness promotion, the “Wisdom Generation” friendly workplace initiative, and a variety of sports and team-building activities to help employees achieve work-life balance and enhance their well-being, fulfilling the responsibility as a health- and sports-oriented enterprise. Through diverse communication channels, Coretronic actively listens to the voices and suggestions of employees across all age groups, fostering greater cohesion and employee engagement. The Company also invests in youth empowerment by offering skill-specific training aligned with each employee’s functional needs to enhance their professional competencies. In addition, the Company collaborates with social enterprises, local universities, and non-profit organizations to launch six major social impact programs: “Light Pioneer”, “Elderly Smile”, “Love Followers”, “Dream Walkers”, “Light Wishes for the Rurals”, and “Farm the Hopes”. Leveraging the Company’s core expertise, Coretronic aims to address pressing societal challenges. To bridge the urban-rural digital divide, the Company continue organizing “Future Light Camp 2.0”, a 6-day coding workshop for 4th to 6th grade students in remote and non-urban areas of Miaoli County. The program enables students to complete the content of junior high school programming courses ahead of schedule and develop two game programs collaboratively with their teammates. In response to the growing need for elderly care, the Company launched three key initiatives under the “Elderly Smile” program: “Warm Delivery”, “Warm Telehealth”, and “Warm Restaurant”. Partnering with multiple social enterprises and NPOs, Coretronic actively addresses the issue of solitary seniors by using technology to reduce the gap between rural areas and medical resources, while supplementing the manpower and resource gaps faced by welfare institutions, offering comprehensive support for the physical and mental well-being of the elderly living alone.
 

Enhancing Corporate Governance and Strengthening the Link Between Sustainability and Operations

Coretronic has ranked in the top 5% of “TPEx-listed companies” in the Corporate Governance Evaluation for 10 consecutive years and has been among the top 10% “TWSE/TPEx-listed electronics companies with market capitalization over NT$10 billion” five times. Additionally, the Company was honored with the “TPEx Governance Leadership Award”, demonstrating high recognition of the internal governance mechanisms. To further strengthen the integration of sustainability into business operations, the Company officially included sustainability performance as one of the key performance indicators (KPIs) for senior management in 2024. KPI scores for senior executives are now calculated based on sustainability indicators in the areas of governance, environmental, and society. The results of ESG performance-linked compensation for senior management are expected to be released in 2025. The ESG Committee, with the Chairman serving as the Committee Chair, regularly reports to the Board of Directors on the implementation of sustainability initiatives and greenhouse gas inventory. The committee also submits annual material topics and the sustainability report to the Board for review and approval, further deepening the Board’s role and responsibility in sustainability governance.
 

Coretronic remains committed to driving transformation and innovation by deepening the Company’s expertise in key components and cutting-edge technologies. The Company actively integrates advanced AI and intelligent technologies to strengthen the connection between smart applications and scenarios, continuously delivering more impressive visual experiences for users and enhancing the Company’s sustainable competitiveness. In response to climate change, the Company is proactively embedding low-carbon principles into its product development processes to reduce environmental impact and meet customer demands. Coretronic will continue supporting global sustainability initiatives and work closely with stakeholders to achieve the United Nations Sustainable Development Goals (SDGs), creating a positive impact and shaping a sustainable future together. Leading Sustainability, Shaping the Future!

Coretronic Corporation
Chairman and the Chair of ESG Committee