SUSTAINABILITY MANAGEMENT
Sustainable Development
Under the vision and direction authorized by the Board of Directors, the ESG office is tasked with assisting business units and supporting functions in promoting and executing corporate sustainability projects to address the company's economic, environmental, and social issues.
Sustainable Operation and Organization
The ESG Office aims to implement corporate governance, promote sustainable environmental practices, uphold social welfare, and enhance information disclosure as the four key aspects of corporate sustainability development. To address the economic, environmental, and social impacts, the ESG Office has formed three subcommittees: Corporate Governance, Green Operations, and Social Care. These subcommittees collect external advocacy information related to the economic, corporate governance, environmental, and social aspects that are relevant to the company's operations. They are responsible for engaging with stakeholders, aligning interests, and prioritizing material issues based on the outcomes of stakeholder engagement. The ESG Office presents the corporate vision blueprint to the Board of Directors, formulates relevant policies, systems, or management guidelines for corporate sustainability, and subsequently obtains the Board's approval for specific implementation plans.
Sustainability Governance
The ESG Office reports to the Board of Directors semi-annually, providing updates The ESG Office reports to the Board of Directors semi-annually, providing updates on stakeholder communication, significant events and disclosure topics, greenhouse gas inventory conclusions, annual execution plans, and more, prior to the publication of the sustainability report. The specific implementation plans are then approved by the Board. At the end of the year, the ESG Office reports on the achievements of the planned executions, risk assessment results, and corresponding measures. This demonstrates the company's strong commitment to implementing sustainable development.
Regular Sustainability-Related Reports to the BOD
In 2022, the Board of Directors convened a total of 10 meetings, with 3 specifically addressing sustainability matters.
2023.11.04
We reported it to the Board of Directors in November 2022.
2022.06.07
We presented the Primax Group's sustainability strategy blueprint and the 2022 work plan and progress.
Goals and Achievements of Material Issue
Listed below are short-term (1-3 years), midterm (3-5 years), and long-term (5 years above) goals targeting material issues identified by Primax, their achievement rate, designated action plans, and unquantifiable achievements. Their completion status are represented with the following icons:
Primax Sustainable Policy
Responsible Minerals Policy
ince 2012, Primax has strictly complied with the "Conflict Mineral Law" and refrained from using and purchasing conflict minerals that originate from Democratic Republic of the Congo, while at the same time demanded all suppliers to make commitment to using responsible minerals.
Green Product Policy
It is mandatory for suppliers to guarantee that all products sold to the Primax Group are free of hazardous substances prohibited by local regulations, whether in raw materials,packaging, or production process. Furthermore, suppliers are also demanded to comply with Primax's specific requirements.
Human Rights Policy
In addition to treating every member of the Primax Group equally, we have formulated a human rights policy, including non-discrimination, no child labor, elimination of forced labor, and respect for employees’ freedom of association with reference to the RBA Code of Conduct, the Universal Declaration of Human Rights, the International Labor Organization Declaration on Fundamental Principles and Rights at Work, and other international conventions.
Supply Chain Policy
Primax’s requirements for suppliers are not limited to performance and quality. Before collaboration, we require all new suppliers to sign the Integrity Statement and the Supplier Statement. They must cooperate in signing and submitting the environmental statement document reviewed by our company， including the responsible minerals statement, the restricted substances statement, company ,the RBA Code of Conduct, to indicate that raw materials and finished goods they purchased have been in compliance with relevant initiatives, environmental laws and regulations, company policies and RBA Code of Conduct.
Tax Policy
Primax Group has established its own tax policy to minimize taxation risk, optimize after-tax business performance and protect shareholders’ interest, which in turn ensures compliance with tax laws and fulfillment of corporate social responsibilities.
Intellectual Property Policy
In order to align with advanced technology tendency and protect technical achievement, we continuously engross sufficient resources in R&D and analysis for the variation of marketing and technology in relation to our products. We also formulate intellectual property policy which integrates the operation goal and R&D resources so as to reinforce the advantage in competition.
Certification and Verification
List of Primax’s Management Systems, please check the date to download the documents.
| 致伸 | 迪芬尼 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 台北 | 東莞 | 重慶 | 昆山 | 泰國 | 惠州 | 東莞 | 泰國 | 捷克 | |
| ISO14064-1 溫室氣體盤查 |
2023/5/25-2024/5/24 |
2023/5/25-2024/5/24 |
2023/5/25-2024/5/24 |
2023/5/25-2024/5/24 |
2023/5/25-2024/5/24 |
2023/4/10 |
2023/4/10 |
2023年查證 |
2023年查證 |
| ISO 14001 環境管理系統 |
2022/10/26-2025/10/26 |
2022/12/19-2025/12/18 |
2022/12/19-2025/12/ 18 |
2022/12/19-2025/12/18 |
2022/2/20-2025/5/19 |
2024/5/18 |
2026/1/13 |
2025/11/17 |
2025/11/17 |
| ISO 50001 能源管理系統 |
2022/12/16-2025/12/16 |
2022/11/12-2025/11/11 |
2022/11/20-2025/11/19 |
2022/11/14-2025/11/12 |
2023年查證 |
2025/11/30 |
2025/11/30 |
2023年查證 |
2023年查證 |
| ISO 14046 組織生命週期水足跡標準 |
2023/5/25-2024/5/24 |
2023/5/25-2024/5/24 |
2023/5/25-2024/5/24 |
2023/5/25-2024/5/24 |
2023年查證 |
2023/4/11 |
2023/4/11 |
2023年查證 |
2023年查證 |
| IECQ QC 080000 有害物質過程管理系統驗證 |
2023/6/21-2025/5/8 |
2025/5/8 |
2023/6/21-2025/5/8 |
2023/6/21-2025/5/8 |
2023/6/21-2025/5/8 |
2025/7/31 |
2025/9/12 |
2025/5/8 |
2023年認證 |
| UL2799 零掩埋認證 |
2023/5/30-2024/5/30 |
2024年認證 |
2025年認證 |
2024年認證 |
2023/12 |
2025年認證 |
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| RBA VAP 負責任商業聯盟 |
2024/2/27-2025/12/15 |
2023/9/4-2025/5/12 |
2022/10/21-2024/6/28 |
2024年認證 |
2024年認證 |
2024年認證 |
|||
| ISO 45001 職業安全衛生管理系統 |
2022/12/19-2025/12/18 |
2022/12/19-2025/12/18 |
2022/12/19-2025/12/18 |
2022/5/20-2025/5/19 |
2024/5/18 |
2026/1/13 |
2025/11/17 |
2025/11/17 |
|
| C-TPAT 反恐驗證 |
2023/8/2-2026/8/2 |
2022/11/8-2025/11/7 |
2023/11/7 |
2023/8/8 |
2025/5/15 |
2023/10/11 |
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| AEO 優質企業 |
無有效期限 |
無有效期限 |
|||||||
| ISO 27001 資訊安全管理系統 |
2023/11/16-2025/10/31 |
2023/11/16-2025/10/31 |
2023/11/16-2025/10/31 |
2023年認證 |
2024/9/5 |
2024/9/5 |
2024/9/5 |
2024/9/5 |
2024/9/5 |
| ISO 9001 品質管理系統 |
2023/5/6-2025/4/23 |
2023/5/6-2025/4/23 |
2023/5/6-2025/4/23 |
2023/5/6-2025/4/23 |
2023/5/6-2025/4/23 |
2024/8/6 |
2024/9/7 |
2025/4/23 |
2024/4/16 |
| ISO 13485 醫療器械管理系統 |
2025/6/27 |
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| IATF 16949 汽車行業品質管理系統 |
2022/3/15-2025/3/14 |
2025/7/29 |
2025/5/16 |
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Risk Management
To achieve the goal of corporate sustainable development and be aligned with the important aspects that clients are concerned about and international trends, Primax has established a risk management system to regulate the management mechanism of risk management in accordance with the requirements of corporate risk management, there by improving the operational efficiency of risk management.
Primax has established a risk assessment team through the authorization of the Board of Directors, led by ESG Office, and assigned various functiona lunits to form risk assessment teams. At least once a year, we conduct risk and opportunity identification meetings to address operational, sustainability, and climate change risks. The scope of risk identification in 2022 includes our major operating locations such as Primax Electronics Taipei Headquarters/Taipei R&D Center, Primax Dongguan, Primax Chongqing, Primax Kunshan , and Primax Thailand, but excludes subsidiaries.
Risk Assessment Process
Primax has established a Risk Management Committee. ESG Office serves as the convener, driver and implementer for Risk Assessment Taskforce. Members of the Risk Assessment Taskforce convene the risk and opportunity identification meetings at least once per annum, to identify risks in corporate operation, sustainability and climate change.
Sources of Risk
Sustainable Operation Risk
Business risk, financial risk, strategy risk, legal risk, priduct safety and supply chain risk, environmental and occupational health and safety risk, human resources and behavioral management risk, and other risks
Risk of Climate Change
Transition risk, physical risk
Corperate risk sources include the extension and analysis of two main axes: sustainability operation risks and climate change risks. Factorsthe may impact sustainability operation are considered as risk sources.
Risk Assessments
The assessment team follows the "Corporate Risk Management Policies and Procedures" to conduct risk assessments. The evaluation criteria include three main factors: "likelihood," "impact," and "vulnerability." These criteria are measured against the defined scoring scales for impact, likelihood, and vulnerability, as outlined in the company's impact scale, likelihood scale, and vulnerability scale.
Risk Management Structure and Responsibilities
Corporate Risk Management is divided into three organizational levels for operational efficiency:
01
The first level involves the heads of various operational units who are responsible for implementing internal risk management operations. This includes processes, record management, continuous improvement, and more.
02
The second level is comprised of functional management units at the corporate headquarters. Their role is to oversee and supervise the execution of risk management by the operational units.
03
The third level consists of the auditing unit, which independently conducts internal control.
Structure of Primax Risk Management Organization
Matrix of Corporate Risks of Primax Electronics in 2022
Corporate Response Measures
In 2022, the Risk Assessment Team held riskassessment meetings in June and November, reevaluating various corporate risks. The Enterprise Risk Management Report was presented to the Board of Directors in November by the convener of the Corporate Sustainability Office, Vice General Manager Ms. Chiang, Yan-Ying. During the year, a total of 68 risk factors were collected, and after going through the risk management process, the major enterprise risks identified for Primax include:
01
Challenges in the Chinese industrial upgrading
02
Inflation
03
Global expansion
04
Financial management
05
Increasing demand for green products
06
Adoptionof low-carbon production technologies
07
Mandatoryclimate information disclosure and reporting
08
Noncompliancewith customer ESG requirements
09
Widespread adoption of sustainability assessments