Philosophy and Goals

The "Novatek ESG Sustainability Committee" are responsible for formulating corporate sustainable development goals, integrating resources from relevant departments, reporting regularly to the Board of Directors, and preparing the "Novatek Sustainability Report", while ensuring that all material issues identified are covered in order to implement the sustainable development policies.

 

ESG Committee

Novatek ensures the implementation of its sustainable development policies through the "Novatek ESG Sustainability Committee". The Chairman of Novatek appoints Mr. Chien-Hsing Chen (David Chen), the Vice President and spokesperson of the Company, as the Chairman of the Committee. The Committee consists of five working groups including Corporate Governance, Partner’s Co-Prosperity, Environmental Sustainability, Friendly Workplace and Social Participation, which are responsible for formulating corporate sustainable development goals, integrating resources from relevant departments, reporting regularly (at least once a year) to the Board of Directors, and preparing the "Novatek Sustainability Report", while ensuring that all material issues identified are covered in order to implement the sustainable development policies.

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ESG Risk Management Strategies

2022 risk management policies or strategies for major environmental, social and corporate governance issues related to the operation of the Company are as follows, and the Chairman of the ESG Committee reports regularly (at least once a year) directly to the Board of Directors. The operations and implementation status of sustainable development were reported to the Board of Directors on March 31, 2023.

Major issues

Risk assessment items

Risk management policies or strategies

Environment

Response to climate change
  • Use the TCFD framework to construct the Company’s climate risk identification process, and identify major climate risks and opportunities through cross-departmental discussions and opinion gathering.
  • Augmentation of renewable energy procurement; setting goals for the use of renewable energy as follows: 50% by 2030 and 100% by 2050.

Environmental impact and management
  • Follow ISO 14064-1 Greenhouse Gas Management System, continue to carry out the inventory and management of greenhouse gas emissions, and actively promote various greenhouse gas emission reduction measures.
  • The Company passed the external verification of ISO 14064-1 (scopes 1 and 2) in 2022, has plans to pass the accreditation of ISO 14064-1 (scopes 1, 2, and 3) in 2023, and will continue to acquire accreditations.
  • The Company is committed to environmental protection, continues to implement energy saving and carbon reduction related projects in office, and prioritizes the purchase of green products and the implementation of plastic reduction policy to reduce burden on the environment.

Hazardous substance monitoring
  • Pursuant to the Novatek Hazardous Substances Management Regulations, the Company has undergone periodical review and updating operations, continuously focused on global environmental protection issues, and actively participated in supplier conferences and educational training held by the clients in order to grasp clients’requirements and ensure effective operation of the hazardous substances system.

Society

Healthy workplace
  • To prevent occupational injuries and ensure the safety and health of employees, a Labor Safety, Health and Environmental Protection Committee is established, which regularly holds meetings to discuss labor safety, health and environmental protection-related matters, and promotes various labor safety, health and environmental protection related businesses.
  • According to the training plan, safety and health education/training is conducted for related personnel through physical or online courses or external training on a regular or irregular basis.

Governance

Regulatory compliance
  • Improve the integrity management, pay attention to changes in policies and laws, and implement internal control mechanisms.
  • File patent for the new technology developed by the Company to protect the Company’s rights and interests, and attach importance to the maintenance and management of intellectual property. In December 2022, it passed the Taiwan Intellectual Property Management System (TIPS) A-level verification.

Information security
  • The Information Security Committee of Novatek based on the “Information Security Committee Organization Regulations” and the needs of information security operations, necessary members or inter-departmental meetings are convened to carry out information security work, coordinate the implementation of information security management systems and the allocation of required resources.
  • The Company got certification of ISO/IEC 27001: 2013 Information Security Management System (ISMS) in 2022 (certificate number 10463719), and regularly conducts ISO 27001 verification audits.
 
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