Issue Date：July 31, 2024
 

In 2023, the global economic, social, and geopolitical instability, as well as monetary policy tightening, high inflation, and high interest rates; have led to a downturn in the global economy and weakened demand. According to the Global Risks Report published by the World Economic Forum, environmental risks continue to top the list, and social polarization and the development of artificial intelligence makes it difficult to obtain truthful information, significantly hindering global sustainable development progress from meeting its set targets. As a sustainable enterprise, Coretronic aims to maintain a flexible operating model, comprehensive risk control and resilience, obtain strong profitability through robust research and development capabilities, and demonstrate corporate operational resilience. Hereby, we sincerely thank all stakeholders for their support and encouragement, allowing us to overcome the various challenges brought about by the ever-changing international political and economic situation with a positive and creative attitude. We look forward to a sustainable future together.
 

Coretronic has published an annual ESG Report for 16 consecutive years, adhering to the GRI Standards 2021 issued by the Global Reporting Initiative (GRI) and the sustainability indicators of the Sustainability Accounting Standards Board (SASB). An English version of the ESG Report is also simultaneously released to comply with international sustainability standards and strengthen communication with stakeholders. The Company's sustainable performance in environmental, social/human rights, and economic/governance aspects is being continued demonstrated to stakeholders. Sustainable projects is being promoted from the outside in and implement sustainable strategies and goals, aiming to drive sustainable competitiveness through innovative technologies, focusing on social needs and leveraging Coretonic’s corporate capabilities.
 

Corporate Governance
As a corporate governance talent, Coretronic has been ranked among the top 5% of over-the-counter companies in the Corporate Governance Evaluation for 9 consecutive years. Coretronic has also been selected for the "Corporate Governance Index," "TIP TPEx ESG 30 Index," "TIP TPEx ESG HD TR Index," "TIP TPEx ESG ML Total Return Index," "TPEx FactSet Climate Resilience Index," "Compensation Index," and "Labor Employment 88 Index," demonstrating high recognition towards the Company's internal governance mechanisms and sustainability performance. Additionally, an external independent agency was commissioned to conduct an external performance evaluation of the Board of Directors, Board members, and functional committees. The results were reported to the Board of Directors to promote shareholder value and maintain the Company's competitiveness, laying the foundation for sustainable business operations.
 

Eco-Friendly Environment

Facing the international net-zero trend and Taiwan's Climate Change Response Act, we have set a science-based carbon reduction target of "Based on the 2021 baseline, achieve an absolute reduction of 50.4% for Category 1 and 2 GHG gas emissions and 30% for Category 3-6 by 2032" and submitted it to SBTi for review, with the expected approval in April 2024. Additionally, 2023 is designated as the Company's Green Product Era, with the establishment of a product carbon footprint inventory platform and the setting of clear short-, medium-, and long-term targets for recycled materials and eco-friendly packaging. Simultaneously, we continue to align with domestic and international initiatives such as the Taiwan Climate Partnership, Taiwan Alliance for Net Zero Emissions, CDP, and TCFD. Furthermore, through the installation of multiple solar power generation systems and green power wheeling, the renewable energy usage rate has been increased to 16%. In the future, we will continue to implement carbon reduction strategies with stakeholders, strengthen carbon reduction efforts, and gradually achieve SBT reduction and net-zero targets.
 

Friendly Workplace

Employees are the core driving force for a company's sustainable growth and operation. To fulfill our responsibility as a sports and happiness company, and to allow our colleagues to achieve a work-life balance, annual salary adjustments are carried out, employee benefits increased, human rights management and training courses implemented, diversified sports and recreational activities for employees' well-being is also organized, effectively uniting our colleagues' dedication and enhancing their sense of belonging. Coretronic also utilize diverse and two-way communication channels to listen to the voices and suggestions of employees of all ages, further improving our measures. Furthermore, active investment is placed in empowering youth and cultivating future key talents, and arranging corresponding courses based on employees' job functions to precisely enhance their professional abilities and strengthen organizational resilience. We hope that through corporate commitments and strategies that are closer to the needs of our employees, we can be recognized as a happy company by our colleagues.
 

Social Participation

Through collaboration with social enterprises, local universities, and non-profit organizations on the following six major programs: "Light Pioneer,” "Elderly Smile,” "Love Followers,” "Dream Walkers,” "Light Wishes for the Rurals,” and "Farm the Hopes,” Coretronic aims to bridge the digital divide between urban and rural areas, pursue equal education opportunities, and leverage technology to reduce the distance between rural areas and medical resources. We also supplement workforce and resource shortages in welfare institutions to enrich the physical and mental health of elders living alone. Additionally, the Coretronic Culture and Arts Foundation, established in 2010, is dedicated to illuminating Taiwanese culture, promoting light art, and enhancing the quality of life. The foundation implements the "Light up Taiwan" project across Taiwan, organized the "Taiwan Environment Lighting Award" and the "Taiwan Environment Lighting Award Seminar" to amplify the impact of lighting environmental issues, continuously promoting the concept of lighting environments.
 

Coretronic continues to devote itself to transformation and innovation, cultivating key components and progressively forward-looking technologies, providing customers with innovative display solutions, integrating advanced AI/intelligent technologies to provide comprehensive solutions for various intelligent domains, enhancing the Company's sustainable competitiveness, and taking active actions to respond to climate change issues. The green design concept will be introduced into the product development process to reduce the environmental impact of products to meet customer needs. We will continue to echo the global sustainable development advocacy framework, achieve the United Nations Sustainable Development Goals through joint forces with stakeholders, and exert a positive influence to co-create a sustainable world! Sustainable transformation is an inevitable trend!

Chairman