Environment

Response to climate change

• Utilize the Task Force on Climate-related Financial Disclosures (TCFD) framework to identify climate risks/opportunities faced by Novatek, and formulate corresponding management policies.
  
• Continue getting ISO certifications for energy and carbon management, including carbon emission disclosures, water footprint, and energy management; collaborate with suppliers to achieve the Company’s sustainability goals. In July 2023, Novatek obtained ISO 50001 Energy Management Systems certification through external verification.
  

• Continue optimizing digital systems to enhance carbon management tools, in response to the Company’s dynamic carbon management and strategic planning.
  
• Increase the procurement of renewable energy and the targets for the use of renewable energy: 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, 2, and 3) in 2023 , and plans to promote the completion of the 14064-1 greenhouse gas inventory and construction work for all overseas subsidiaries, and will obtain certification regularly in the future.
• 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.
• Continue to disseminate the “Novatek Supplier Code of Conduct” and responsible mineral procurement policies to suppliers, ensuring that non-conflict raw materials are sourced from suppliers who are environmentally and socially responsible.

Society

Healthy workplace

• To prevent occupational injuries and ensure the safety and health of employees, the 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.

Corporate
Governance

Regulatory compliance

• Improve the integrity management, pay attention to changes in policies and laws, and implement internal control mechanisms.
• Apply for patents for new technologies developed by Novatek, to protect the Company’s rights, and put emphasis on intellectual property maintenance and management. In 2023, the Company again received A-level verification from the Taiwan Intellectual Property Management System (TIPS).
• Monitor and review risk changes regularly and on a rolling basis, to ensure the effectiveness of risk management plans and related control operations.

Enhancing the effectiveness of the Board of Directors

• Implement the Board of Directors professional expertise and diversity goals.
• Conduct internal self-performance evaluations for the Board of Directors, functional committees, and individual board members once a year; have performance evaluations implemented by specialized, external, independent organizations every three years.
• Continue to plan education and training programs for directors.