Risk Management Policy or Strategy
| Major Issue | Management Policy and Stategy |
|---|---|
| Emission |
1. The carbon emissions equivalent is audited annually and verified by a third-party organization. 2. The whole company implement ISO 50001 and company power consumption monitoring System on 2025. 3. The goal is to reduce carbon emissions by 25% across the whole company by 2025 and achieve carbon neutrality by 2050. |
| Waste |
1. Establish waste segregation and reduction measures, and ensure proper monitoring and collaborate devolopment of waste compaction technology for waste reduction. 2. Find qualified vendors to handle the company's waste disposal and maintain the validity of the vendor contracts, achieving a 100% success rate. 3. Maintain the equipment within the facility to comply with the temporary storage requirements for industrial waste, preventing environmental pollution. |
| Energy |
1. Develop and use eco-friendly raw materials (recycle PVC, Ocean recycling plastic) such as eco-friendly materials, to reduce carbon emissions. 2. Require all raw material suppliers and partnering manufacturers to comply with government regulations prohibiting the use of banned substances in raw materials, in order to adhere to legal requirements. Ask suppliers to provide a commitment letter or a certificate guaranteeing that harmful substances are not used, achieving a 100% compliance rate. |
| Occupational Health and Safety | 1. Establish a list for the storage of organic solvents and conduct regular inspections at both factories for machinery safety protection, organic solvent storage, and usage procedures (every two weeks per factory). Based on internal audit findings, issue corrective action requests(CAR). Strictly enforce compliance with occupational health and safety regulations during operations to ensure a safe and hygienic work environment for employees. Additionally, require vendors entering the factory for construction or business purposes to strictly adhere to occupational health and safety regulations and sign a declaration. The annual number of occupational accidents should be kept below 6 incidents per year. 2. Place strong emphasis on the prevention of occupational accidents, workplace bullying, sexual harassment, racial discrimination, and other related issues, while promoting a zero-tolerance policy. This will help enhance the protection of human rights. |
| Training and Education | 1. Provide employees with skills training, diversity training, and anti-discrimination education. The company can actively participate in solving social issues, enhance its social image, and increase the proportion of women and minorities in senior management to 50%. Ensure the development and management of internal talent through training and education, which will improve the company's operational efficiency and agility. |
| Employee Diversity and Equal Opportunity |
Diversity and equal opportunity, a diverse work environment align with the concept of corporate social responsibility, and the company's active contribution to society. This approach helps attract and retain top talent. 2. Focus on workforce diversity to reduce the company's risks in the labor market. 3. Regulatory and compliance requirements Many countries and regions are strengthening regulatory and compliance requirements related to diversity and equal opportunity, including the employment of individuals with disabilities. The company's annual target for hiring individuals with disabilities is a 100% achievement rate. |
| Professional Ethics | 1. Any unethical behavior can lead to economic or reputational damage for the company and its stakeholders. Employees are required to comply with the company's code of ethics to prevent such incidents. The company conducts two integrity and ethical business training sessions for all employees annually. |
| Customer Privacy (Data security) |
1. Implement the effectiveness of internal operations in the company using the ISO 27001 and BS 10012 management systems, ensuring proper handling of customer privacy and establishing a robust privacy protection mechanism. 2. The company provides information security policies and privacy policies (personal data policies) both internally and on its official website. Transparency in privacy information allows customers to understand the company's data processing practices. 3. Comply with privacy regulations and standards to reduce legal risks. 4. Maintain the validity of ISO 27001 and BS 10012 system certifications annually. 5. Maintain the timeliness, security, and accessibility of privacy information. |