Walsin Lihwa summed up its 22 sustainability issues by factoring in what is required by the Sustainability Accounting Standards Board (SASB), the Task Force on Climate Related Financial Disclosures (TCFD), the Carbon Disclosure Project (CDP), the MSCI ESG Ratings, the Dow Jones Sustainability Index (DJSI), and the United Nations' Sustainable Development Goals (SDGs) as well as relevant industry trends, the results of communication with stakeholders, and evaluation of sustainability practices of the trade. To understand the order of importance of the 22 sustainability issues, Walsin Lihwa consulted the definition of materiality in GRI 3: Material Topics 2021 for its senior management's assessment of "the degree of the 22 sustainability issues' significant positive and negative impacts" on the Company's operations and the economy, environment, and people (including their human rights), as well as "the likelihood of potential impacts" based on the principle of double materiality to accordingly generate the scores of impacts. Moreover, a matrix of material sustainability issues was developed based on "the degree of the 22 sustainability issues' positive and negative impacts on the economy, the environment, and people" as well as "the likelihood of potential impacts." The material topics with positive and negative impact and the topics of concern to stakeholders were summarized and reviewed by the Sustainable Development Committee, which formulated management approaches for each material topic, and submitted them to the Board of Directors for approval. In 2024, Walsin Lihwa identified the following 12 material topics. They are, in the order of importance: "Corporate Governance and Legal Compliance", "Business Performance", "Risk Management", "Information Security Management", "Green Product / Green Business Development", "Talent Recruitment, Salary and Benefits", "Sustainable Supply Chain Management", "Customer Relationship Management", "Sustainability Commitments", "Occupational Health and Safety", "Product Quality and Responsibility", and "Labor/Management Relations." Compared to 2023, "Green Product / Green Business Development", "Talent Recruitment, Salary and Benefits", "Sustainable Supply Chain Management", "Customer Relationship Management", and "Sustainability Commitments" are newly added material topics. The subjects impacted by the aforementioned material topics as well as the material topics' scope within and outside the organization are defined, and further corresponded to specific GRI topics as the main subjects disclosed in this report on Walsin Lihwa's response strategies and current performance. The aforementioned 12 material topics issues are all managed according to the "Three Lines of Defense in Enterprise Risk Management," which involves control by each department and subsidiary, various risk management units, and the Auditing Office. For detailed management procedures and control mechanisms, please refer to Section 3.4 Risk Management and Compliance.
Sustainable Issues List in 2024
