
Performance Highlights
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Awards & Recognition |
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Sustainable Commitment |
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Environment
Novatek’s business philosophy is centered on wholehearted commitment to customer satisfaction and teamwork. Novatek works collaboratively with its suppliers to pursue better and more advanced technologies and methodologies, striving to meet customer needs and expectations. In alignment with international environmental regulations and customers’ environmental sustainability requirements, Novatek has established a green product management system, which has been recognized by leading global corporations. The Company continuously strengthens and enhances sustainable supply chain management, assists suppliers in obtaining relevant ISO management system certifications, and has issued the “Novatek Supplier Code of Conduct,” which suppliers are required to comply with and sign. Furthermore, Novatek promotes carbon management initiatives among its suppliers, working together with supply chain partners to set sustainability goals. Novatek is dedicated to providing high-quality, sustainable customer service to continuously improve customer satisfaction year after year. Novatek regards its suppliers and customers as strategic partners, and looks forward to creating a win-win ecosystem through joint collaboration and effort.
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. Novatek has declared its renewable energy usage goal and achieved a renewable energy utilization rate of 14.89% in 2024. In addition to sponsoring the maintenance of the "Yushan National Park Trails and Facilities" for many years, Novatek also continues to sponsor the "Sea Viewing Park" in the Hsinchu Air Quality Purification Zone, 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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1.41% Invested approximately NT$7.57 million in energy-saving and carbon-reduction programs, electricity saving rate of 20.79%, resulting in a 1.41% growth in the electricity-saving rate. The overall electricity savings can provide electricity to meet the needs of approximately 2,901 households for 1 year. |
80.2 GWh The average energy consumption of main products in 2024 decreased by 4.26% compared to 2023, resulting in a reduction of approximately 80.2 GWh of electricity. The electricity savings can provide electricity to meet the needs of approximately 21,703 households for 1 year. |
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39.8% Invested NT$4.695 billion in the R&D of energy-saving products, generating an annual revenue of over NT$40.5 billion, which accounts for 39.8% of the total revenue. |
14.89% Throughout the year, a total of 6.09 GWh of green energy was obtained, achieving a renewable energy utilization rate of 14.89%. |
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NT$36billion Novatek has always adhered to the principle of local procurement. In 2024, the Company's procurement amount in Taiwan exceeded NT$36 billion. |
7.10% A water-saving rate of 7.10%. The annual water-saving program saved a total of 8,842 cubic meters (1,000 L) of water, equivalent to the daily water consumption of 8,842 households.. |
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ISO14067 ISO 14067 Product Carbon Footprint (Driver IC) verified by a third-party certification body. |
1.7 million The amount of gold recovered from discarded driver ICs reached 77 kg, which is equivalent to recycling 1.7 million mobile phones. This initiative supports the promotion of the "Green 100" Sustainable Office Lifestyle Program. |
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Air Quality In addition to sponsoring the maintenance of Yushan National Park Trails and Facilities for 18 consecutive years, Novatek also sponsored the Sea Viewing Park in the Hsinchu Air Quality Purification Zone for 3 consecutive years. Additionally, one rounds of beach cleanups were conducted. |
Green Building The Tai Yuen Building was awarded the "Green Building Label (Silver Level)" by the Ministry of the Interior. Transition to non-PFAS green coating materials for driver IC COF, committed to reducing environmental impact. |
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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 received the 2024 CommonWealth Talent Sustainability Award and was recognized as a “Healthy 99” enterprise by the 2024 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). The Company also continues to implement childcare allowances and work from home for parenting, as well as enhanced leave policies that exceed the requirements of the Labor Standards Act—such as maternity leave, paternity/prenatal examination leave, and marriage leave, 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 labor 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 an 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". In 2024, Novatek was awarded Silver Recognition with a high score under the RBA Validated Assessment Program (VAP).
Novatek adheres to the spirit of social citizenship and the belief of “take 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 Education Foundation”, Novatek integrates company resources and the voluntary efforts of employees, actively engaging in nurturing technology talent, promoting sports development through adoption, supporting education in disadvantaged rural areas, providing corporate volunteer services, and sponsoring social welfare initiatives. 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 "2024 Buying Power - Social Innovation Products and Services Procurement: Third Prize in Procurement " issued by the Ministry of Economic Affairs, as well as the ''2024 Ministry of Education Sports Promoter Award – Long-Term Sponsorship Award'' and the "2024 Youth Volunteer Excellent Utilization Unit" (2nd Youth Volunteer Action Award)'' issued by the Ministry of Education, showing positive affirmation to Novatek's long-term engagement in social participation and sustainable development.
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6.07% The annual employee turnover rate was 6.07%, which is lower than the industry average turnover rate of 18.7%. |
NT$3.521million According to the information released by the Taiwan Stock Exchange for listed companies in 2024, Novatek’s average salary for full-time employees in non-executive positions was NT$3.521 million, and the median salary was NT$2.865 million. |
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NT$63,000 Employees are entitled to a high travel subsidy of NT$63,000, with 98.97% of the Company's employees making use of this benefit. |
30.7hrs On average, each employee received 30.7 hours of training, established the ''Industry-Academia Collaboration R&D Innovation Award''. |
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NT$46.42million 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 1 year reached NT$46.42 million. |
4,463hrs Employees are entitled to 16 hours of corporate volunteer leave per year. 21 sessions of volunteer services were organized throughout the year, for a total of 4,463 volunteer hours. |
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47.9% The total amount of employee donations exceeded NT$13.44 million, with 47.9% of employees participating in the charity event. |
RBA VAP Achieved Silver Recognition with a high score under the RBA Validated Assessment Program (VAP), and continued to promote diversity, equity, and inclusion (DEI) and gender equality in the workplace through online training courses. Additionally, the Company has newly launched initiatives to foster and empower women in technology. |
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NT$60.33million Social investments for the year exceeded NT$60.33 million. |
Healthy99 2024 CHR Corporate Health Responsibility “Healthy 99” Enterprise |
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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 the 11th 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. For two consecutive years, the Company has passed the Taiwan Intellectual Property Management System (TIPS) Grade A certification, continuously strengthening the implementation of intellectual property rights protection. 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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ISO 14064-1 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$102.788billion Annual revenue reached NT$102.788 billion, with a profit of NT$20.342 billion. |
ISO 27001 Passed the external audit for ISO 27001 Information Security Management System certification. |
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TIPS Passed the Taiwan Intellectual Property Management System (TIPS) A-level verification for 2 consecutive years and completed internal intellectual property management reviews. |
97% Customer satisfaction reached 97%. |
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Top 5% Ranked in the top 5% of companies in the 11th Corporate Governance Evaluation (2024). |
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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62.5% Independent directors account for 62.5% of the Board seats. |
Female50% Male and female directors each account for 50% of the Board seats.
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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.