Philosophy and Goals

"Take from society, give back to society" is not just a slogan, but a concrete demonstration of Novatek people giving back to the society with practical actions. At the beginning of the establishment of the Company, the "Novatek Charity Club" was founded by the employees. Starting from 2007, employees have voluntarily initiated donations to raise the "Novatek Social Caring Fund". Since 2010, the Company has been contributing to the establishment of the Novatek Foundation, which operates in accordance with the provisions of the Foundations Act to carry out internal audit and control procedures regularly, ensuring the integrity of the foundation's operation and devoting itself to local care from a deeper and broader perspective.

Social engagement and influence

Social Participation

In 2023, Novatek's overall investment in social engagement was NT$50,252,515. The largest contribution was from the Company, accounting for 69.4%; the second highest contribution was employee donations, which accounted for 27.6%; and time contribution accounted for the remaining 3%.

 

Based on the objectives of the projects, Novatek's social participation actions are divided into three aspects: community empowerment, public donation and volunteer service. Community empowerment includes higher education, assistance to the disadvantaged, education in rural areas, and sports promotion. Public donations include employee donations such as the Novatek Charity Club and the Novatek Social Caring Fund, as well as local actions. Volunteer services focus on serving the disadvantaged and caring children.

To promote project management and explain the results of social participation, Novatek also attaches great importance to the social influence of various programs. We define "social influence" as "the beneficiaries (including beneficiaries or beneficiary organizations) who have changed their thinking or behaviors due to Novatek's social engagement services." For the engagement in the three aspects of community empowerment, public donation and volunteer service, we use qualitative description or quantitative data to present the positive influence of Novatek's social participation.

Types of social investment in 2023

Note: Time investment = Volunteer hours x Average hourly wage

Social investment items in 2023

Social engagement and influence

"Taken from the society, give back to society" is not just a slogan, but a concrete demonstration of Novatek people giving back to the society with practical actions. At the beginning of the establishment of the Company, the "Novatek Charity Club" was founded by the employees. Starting from 2007, employees have voluntarily initiated donations to raise the "Novatek Social Caring Fund". Since 2010, the Company has been contributing to the establishment of the "Novatek Foundation", which operates in accordance with the provisions of the Foundations Act to carry out internal audit and control procedures regularly, ensuring the integrity of the foundation's operation and devoting itself to local care from a deeper and broader perspective.

Community empowerment
Higher education
  • Ease the economic pressure of master’s and doctoral students during their studies
  • Cultivate high-tech industry talents and high-quality education
Community empowerment
Support for the disadvantaged
  • Improve the quality of life and learning skills of disadvantaged children
  • Increase access to appropriate medical resources for early-intervention children
Community empowerment
Promote reading in rural area
  • Cultivate the reading habits of children in rural areas and improve their reading, writing and communication skills
  • Promote lifelong learning and local environmental protection education
Community empowerment
Sports promotion
  • Enrich the training resources of sports players in rural areas
  • Cultivate a number of national sports players and improve the national sports standard
Public donation
Employee donations & Local actions
  • Promote the health and well-being of disadvantaged groups
  • Encourage employees to make donations, shaping positive corporate culture
  • Purchasing charitable products to increase social welfare groups' income
Volunteer service
Volunteer service
  • Improve the humanities literacy and career exploration of disadvantaged students
  • Long-term accompany and help disadvantaged students overcome congenital or acquired difficulties

Corresponding Performance and goals

Novatek formulated related management strategies and short-, medium- and long-term goals according to the dimensions of “Social Participation” . We set short, medium and long-term goals and presented the performance for management.

Goals and performance

2023

Short-term goals

1 year

Medium-term goals

1-3 years

Long-term goals

3-5 years

16 hours

Each employee is entitled to 16 hours of corporate volunteer leave per year; A total of 3,015 volunteer hours were provided for the year

 NT$6.9million

Scholarships reached NT$6.9 million in total (including company scholarships)
 
14 schools

Promote the reading program for students of 14 elementary schools in rural areas of Yunlin and Hualien

 NT$2.2 million

Provided NT$2.2 million in sponsorships to cultivate sports talents
 
20sessions

Organized 20 sessions of volunteer service for a total of 1,866 volunteer hours 

 NT$13.32million

Raised over NT$13.32 million for the “Novatek Social Caring Fund”; 46.1% of employees made donations
 
Awards

Awarded the“2023 Excellent Utilization Unit in Education Volunteer Service” and the "2023 Youth Volunteer Excellent Utilization Unit" (1st Youth Volunteer Action Award)" issued by the Ministry of Education

 Buying Power

Awarded the 2023 Buying Power - Social Innovation Products and Services Procurement: Third Prize in Procurement by the Ministry of Economic Affairs
 
 
 
 
NT$5.5 million

Promote the cultivation of talents in higher education by offering scholarships that exceed NT$ 5.5 million throughout the year

 13 schools

Promote the reading program for students of 13 elementary schools in rural areas of Yunlin and Hualien
 
NT$1.8 million

Sponsor NT$ 1.8 million in a year to cultivate sports talents

 16 hrs

Employees are entitled to 16 hours of corporate volunteer leave per year
 
≧43%

Continue to raise the Novatek Social Caring Fund with the employee donation rate maintains at ≧43%, and the annual project execution rate at ≧ 90%

 18 sessions

Organize 18 sessions of corporate volunteer services in a year
 
 
performance_target-social-mid_goals.png (518 KB)

 

  • Expand the resources and energy for cultivating technical talents, and increase the willingness of outstanding students to study doctoral programs.
  • Inspire the reading interest of students in rural areas through systematic topic planning and integration of expert resources. It is hoped that through writing, they can improve their ability to express themselves.
  • Cultivate outstanding sports talents in rural areas, so that they have no worries and have the opportunity to shine on the international stage, making our nation proud.
  • Through the companionship and care of the volunteers, help disadvantaged students get physical/mental relaxation and cultural stimulation.
  • Encourage employee participating in charity donation.
performance_target-social-long_goals.png (354 KB)

 

  • Promote the cultivation of technical talents, and encourage outstanding PhD and master’s degree students to devote themselves to academic research and technological innovation.
  • Cultivate and inspire the reading interest of students in rural areas, develop their reading habit and enhance their overall learning skills.
  • Long-term cultivation of outstanding sports talents; continue to pass on the experience of outstanding talents and promote various sports.
  • Through the companionship and care of volunteers, help disadvantaged students eliminate the gap in education resources between urban and rural areas.
  • Strive to maintain the annual project execution rate of Novatek Social Caring Fund at ≧ 80%.

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