Issue Date：August 3, 2023
At Coretronic, we believe that an enterprise must maintain a co-existence and co-prosperity with stakeholders and assume responsibility for them. Therefore, through various communication mechanism, we proactively maintain open communication channels with stakeholders to understand their needs and expectations from Coretronic for the main reference of establishing our ESG policies and related projects.
Besides communicating with stakeholders through the ESG questionnaire, ESG reports, and the channels below, we will often share ESG information at official ESG webstie, FB, Youtube, Wikipedia, and ESG E-Newsletter.
According to the requirements of GRI 3 - Material Topics 2021 under the GRI Universal Standards 2021, which are part of the Global Reporting Initiative (GRI) framework, Coretronic is obligated to conduct due diligence. It should disclose in the ESG report the processes through which the company identifies, prevents, mitigates, and addresses its actual and potential negative impacts on the economy, environment, and people (including human rights). Coretronic is also required to document these processes to obtain consensus and approval from relevant internal sustainability organizations within the company. This documentation will serve as the standard process for future identification of material topics.
2022 ESG report is written in accordance with the aforementioned GRI standards, and the content has been developed following the redefined process for identifying material topics. In contrast to the previous approach of focusing on the "level of stakeholder concern" regarding issues, the redefined process now emphasizes the "level of impact" as the principle for assessing the materiality of topics. This involves identifying the positive and negative impact levels, the scope of impact, and the likelihood of impact occurrence for each topic.
This report is based on the relationship corporate structure and internal supply chain depicted on pages 106-107 of the 2022 annual report. The identification of material topics was then conducted for entities that have substantial production, shareholding of 50% or more, significant impact on the company's economic, environmental, and social aspects, as well as upstream and downstream relationships with the company and control over their operations, including non-controlling and venture capital companies.