Performance Highlights
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Awards & Recognition |
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Sustainable Commitment |
Environment
Teamwork and wholeheartedly working in the interests of our customers constitute the Novatek business philosophy. Novatek and its suppliers are always looking for better and more consummate technology and methods, striving to meet customer needs and expectations. In addition, to meet with international environmental protection laws and customer requirements for environmental protection, Novatek has also established a green product management system that has been recognized by major international manufacturers. We continue to strengthen and improve our sustainable supply chain management, assisting suppliers in obtaining relevant ISO management system certifications. In 2022, Novatek released the "Novatek Supplier Code of Conduct" and required its suppliers to comply and sign. For the first time, we organized a "Sustainable Supply Chain Management Forum", working together with supply chain partners to set sustainable business goals. Furthermore, we strive to provide high-quality customer services, improving customer satisfaction year by year. Novatek regards suppliers and customers as strategic partners, and looks forward to creating a win-win ecosystem through joint cooperation and efforts.
As an important member of the global supply chain for semiconductor products, Novatek has the obligation to assume the responsibility for environmental sustainability. Through the formulation and implementation of environmental safety and health policies, as well as the continuous promotion of greenhouse gas inventory, business activities that affect the environment, safety and health must meet the requirements of laws and regulations. Novatek is committed to reducing the negative impact of business operation on the environment. For this reason, the design and manufacturing of products are in compliance with the environmental protection regulations and energy-saving trends around the world, offering products that comply with customers’ environmental protection and energy-saving requirements. As a result, the revenue of energy-saving products has been growing year by year. In 2022, the Company gradually increased the use of renewable energy and announced its goals. In addition to sponsoring the maintenance of the "Yushan National Park Trails and Facilities" for many years, the Company also sponsored the "Sea Viewing Park" of the Hsinchu Air Quality Purification Zone in 2022, gathering corporate volunteers to jointly protect the environment. In the future, Novatek’s keystone goal of sustainable development will include continuing to strive for the refinement of product design, and bringing out more energy-saving products with low burden on the environment, thereby making a contribution to the sustainable development of the environment.
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1.07% reduction Invested approximately NT$ 12.7 million in energy-saving and carbon-reduction programs, resulting in a 1.07% reduction in electricity consumption. The overall electricity savings can supply the electricity needs of approximately 2,208 households for one year. |
120 GWh The average energy consumption of main products in 2022 decreased by 6.92% compared to 2021, resulting in a reduction of approximately 120 GWh of electricity. The electricity savings can supply the electricity needs of approximately 33,590 households for one year. |
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22% of the revenue Invested NT$ 2.868 billion in the R&D of energy-saving products, generating an annual revenue of over NT$ 24.9 billion, which accounts for 22% of the total revenue. |
NT$ 9.9million Invested over NT$ 9.9million in green energy, purchased 50 renewable energy certificates (a total of 50,000 kWh) and generated 52,000 kWh of electricity annually through a self-built solar power system. |
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NT$31.5billion Novatek has always adhered to the principle of local procurement. In 2022, the Company's procurement amount in Taiwan exceeded NT$ 31.5 billion. |
4.95% The annual water saving was 4,624 cubic meters (1,000 L), which is equivalent to the daily water consumption of 4,624 households, reaching a water conservation rate of 4.95%. |
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Sustainable Forum Released the "Novatek Supplier Code of Conduct," with a signing completion rate of 100% among major suppliers. Novatek also organized its first-ever Sustainable Supply Chain Management Forum to jointly formulate operational goals with its suppliers. |
2.02 million The amount of gold recovered from discarded driver ICs reached 92 kg, which is equivalent to recycling 2.02 million mobile phones. |
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Air Quality In addition to sponsoring the maintenance of the "Yushan National Park Trails and Facilities" for 16 consecutive years, Novatek also sponsored the "Sea Viewing Park" of the Hsinchu Air Quality Purification Zone, gathering corporate volunteers to jointly protect the environment. |
Green Building The Tai Yuen Building was awarded the "Green Building Label (Silver Level)" by the Ministry of the Interior |
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Social
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Talent is not only an asset of a company, but also the foundation for its sustainable development. Novatek’s achievements today rely on high-quality human resources. The importance that Novatek attaches to professional expertise is fully reflected in the workplace environment and conditions provided by the Company. Novatek has not only been awarded the "Healthy Workplace Certification Mark" by the Health Promotion Administration of the Ministry of Health and Welfare (MOHW) for six consecutive years, but also won the Bronze Award for the 2022 CHR-Corporate Health Responsibility. The Company has been consistently selected as constituent stocks for the "Taiwan High Compensation (HC) 100 Index" published by the Taiwan Stock Exchange (TWSE). Starting from 2022, the Company has also implemented childcare allowance and work from home for parenting, demonstrating its commitment to not only offering highly competitive salary and benefits packages to attract and retain talent, but also emphasizing the physical and mental health, personal growth, and work-life balance of its employees. This is all aimed at promoting sustainable development for the Company's talent. Apart from that, harmonious industrial relations are also beneficial to the Company’s long-term stable development. The diverse communication mechanisms that exist within Novatek allow our employees’ opinions to be heard, and the responsible unit to quickly respond to those opinions, thereby constructing and excellent barrier-free communication culture and an open and enlightened working atmosphere. In addition, Novatek is committed to ensuring a safe workplace, that employees are treated with respect and dignity, and that operations are environmentally friendly and ethical. To fulfill this commitment, Novatek has formulated a human rights policy and promoted gender equality and friendliness, clearly defined various human rights protection norms and guidelines, and conducted a complete investigation process to ensure that its code of conduct is consistent with the "Responsible Business Alliance (RBA) Code of Conduct".
Novatek adheres to the spirit of social citizenship and the belief of “taken from society, give back to society”, engages in social welfare activities and charities, and fulfills its responsibilities as a social citizen. Novatek chose the path of education and caring for the disadvantaged, because we believe that only through education can the individual and society be changed completely, creating every possibility. In addition to establishing the “Novatek Foundation”, Novatek combined the resources of the Company and the power of its employees to actively invest in the cultivation of technical as well as sports talents, promotion of sports, supporting of education for the disadvantaged in rural areas, corporate volunteer services and social care sponsorship. It is hoped that through such efforts, Novatek can provide more resources and create more hope for the disadvantaged and children in rural areas. Due to its long-term dedication to social participation, Novatek received the "2022 Social Education Contribution Award" issued by the Ministry of Education (MOE), the "Sports Promoter Award - Long-term Sponsorship Award" issued by the Sports Administration (MOE), and the "2022 Youth Volunteer Outstanding Utilization Unit" issued by the Youth Development Administration (MOE), showing positive affirmation to Novatek's long-term engagement in social participation and sustainable development.
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5.68% The annual employee turnover rate was 5.68%, which is lower than the industry average turnover rate. |
NT$3.959million According to the information released by the Taiwan Stock Exchange for listed companies in 2022, Novatek’s average salary for non-supervisor full-time employees was NT$ 3.959 million, and the median salary was NT$ 3.222 million. |
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NT$66,000 Employees are entitled to a high travel subsidy of NT$ 66,000, with 97.6% of the Company's employees making use of this benefit. |
32.9hrs On average, each employee received 32.9 hours of training, a 31% increase compared to the previous year. |
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NT$49.85million Provided a subsidy of NT$ 5,000 per child per month and 15 days of work from home for parenting per year. The total amount disbursed for this benefit in one year reached NT$ 49.85 million. |
2,367hours Employees are entitled to 16 hours of corporate volunteer leave per year. 14 sessions of volunteer services were organized throughout the year, a total of 2,367 volunteer hours were provided for the year. |
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48% The total amount of employee donations exceeded NT$ 15.14 million, with 48% of employees participating in the charity events or a 25.1% growth compared to the previous year. |
DEI Established a gender equality and friendliness zone to promote and advocate the idea of workplace diversity and inclusion, as well as gender equality and friendliness. |
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NT$121 million Investment in social care for the year exceeded NT$ 121 million. |
Bronze Award Bronze Award for the 2022 CHR-Corporate Health Responsibility (for companies with 1000-5000 employees) |
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Governance
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Corporate governance is the cornerstone of enterprise’s sustainable development. Novatek attaches great importance to corporate governance. Not only does it adhere to the principle of focusing on its own business and integrity management, the Company also operates in compliance with government laws and regulations, while protecting the rights and interests of its shareholders and taking into account the interests of stakeholders. We are continuously selected for several years as a constituent stock of the "TWSE Corporate Governance 100 Index", the "FTSE4Good TIP Taiwan ESG Index", and the "TWSE RA Taiwan Employment Creation 99 Index", and ranked in the top 5% of companies for corporate governance evaluation, which is a recognition of the excellence of Novatek's corporate governance. We will continue to work hard to enable the steady and long-term development of Novatek. In 2022, we continued to deepen our efforts to protect intellectual property by introducing the ISO 27001 Information Security Management and passing the Taiwan Intellectual Property Management System (TIPS) A-level verification. We also continued to provide training and promotion on ethical business practices to instill a sense of corporate ethics among all employees. Establishing and implementing corporate governance mechanisms from top to bottom that enables Novatek to develop in a long-term and stable manner is our commitment to all our stakeholders.
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GHG Category1~6 TCFD Task Force on Climate-related Financial Disclosures |
Net-zero emissions Officially announced the commitment to achieve net-zero emissions by 2050 and set goals for renewable energy use: 50% by 2030 and 100% by 2050. |
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NT$109.96billion Annual revenue reached NT$ 109.96 billion, with a profit of NT$ 27.97 billion. |
ISO 27001 Obtained ISO/IEC 27001:2013 information security management system certification. |
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TIPS Passed the Taiwan Intellectual Property Management System (TIPS) A-level verification in December. |
94% Customer satisfaction reached 94%. |
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Top 5% Ranked in the top 5% of the 9th corporate governance evaluations. |
Energy-saving chip Dedication to energy saving and carbon reduction through active participation in the R&D and application of energy-saving products. |
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Nomination Committee Established a Nomination Committee in July. |
100% Attendance rate 100% of Board of Directors and functional committees |
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Corresponding Performance and goals
Novatek formulated related management strategies and short-, medium- and long-term goals according to the five major dimensions of “Corporate Governance”, “Partner’s Co-Prosperity”, “Environmental Sustainability”, “Friendly Workplace” and “Social Participation” .We set short, medium and long-term goals and presented the performance for management. For more information, please refer to the corresponding chapter.