Company Philosophy
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Novatek is committed to the pursuit of sustainable development and growth for our shareholders, employees and the community to create a reasonable profit and value by adhering to government regualtions and lwas and its long-term dedication to the integrity and openness. We value the interests of all stakeholders, and have established a transparent, effective and multiple communication channels to respond to the interested parties' expections, suggestions and demands timely, whitch are considered as valuable input and reference for the Company's social responsibility and future development plans. |
Identifying Stakeholders
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Novatek referenced the nature of its businesses as well as the 5 key principles of AA1000 SES (Stakeholder Engagement Standard) to identify a total of 7 types of stakeholders while formulated a management system for the identification of and communication with various stakeholders, maintaining effective stakeholder communication. We focus on listening to the voices of all our stakeholders, and have adopted a proactive communications approach to promptly and reasonably respond to external demand. Also, our official website was used as a means of disclosing important information. In addition, the Company, through ESG Sustainability Committee, continuously monitors the development of domestic and international sustainability-related standards and changes in enterprise environment. Committee members analyze materiality according to the principles in sustainability report. In addition to stakeholder identification, we also refer to relevant issues in domestic and international semiconductor industry, the United Nations SDGs, Task Force on Climate-related Financial Disclosures (TCFD), SASB, MSCI, RBA, HRDD and other frameworks. The committee conducts an ESG materiality assessment across three dimensions of corporate governance, environment, and social matters, formulates risk management policies and concrete action plans and regularly tracks implementation.
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Stakeholder Communication Channels & Results
Through a wide variety of communication channels, the expectations and suggestions of our stakeholders are widely accepted.
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