News

2023/12/01 » [ESG Action] Congratulations! Quanke Technology won the 2023 TCSA 16th Corporate Sustainability Report Bronze Award and Workplace Wellbeing Leadership Award!

2023/06/28 » ALLTEK have published the 2022 ESG report (traditional chinese version) and SGS Taiwan Ltd. was delegated to provide assurance for this report based on AA1000 AS v3 Type 1 Moderate Assurance Level and GRI Standards Version 2021 reference options.

2023/05/16 » “Commonwealth Magazine” 2022 Top 500 Service Industry 34th place.

2023/03/15 » ALLTEK officially announced that it has joined the “2023 TALENT, in Taiwan, Taiwan Talent Sustainability Action Alliance”.

Sustainability Strategy

In order to implement the vision of sustainable development, enhance corporate governance and risk control capabilities, effectively improve environmental protection, and actively achieve social participation and other multi-faceted goals, the ” Sustainability Committee ” has been established by ALLTEK.

ALLTEK Sustainability Committee

In order to implement the philosophy of sustainable management and implement corporate social responsibility, the Company has established a “Sustainability Committee,” with the President and 3 independent directors of the Company serving as members. The Committee effectively promotes the setting of the Company’s goals for sustainability. Under the Committee, the Corporate Governance and Risk Management Team, Information Security and Process Management Team, Environmental Protection and Supply Chain Team, and Employee Care and Social Engagement Team have been formed for corporate sustainability-related proposals, implementation and reporting. The chair of the Committee serves as the convener. Each team has a team leader who is responsible for the communication and coordination of matters under the control of the team, and compiles the information related to the team’s responsibility to facilitate various projects and respond to major issues of various functions.

In principle, the “Sustainability Committee” shall be convened every six months, with the flexibility to adjust if necessary, provided it is convened at least once a year. If the chair is unable to preside over the meeting for any reason, he/she shall appoint a member to act on his/her behalf. In addition to committee members and each team leader attending the meeting on a regular basis, the convener of each functional group may invite relevant personnel to attend each meeting as necessary.

ALLTEK Sustainability Committee Functional Teams’ Duties
Functional Team Duties
Corporate Governance and Risk Management Team 1. Set strategic objectives for the sustainable development of the company, including ethical management, and strengthen the company’s management system.

2.Formulate and revise the company’s risk management including, but not limited to, information security regulations.

3. Carry out corporate governance, ethical management and risk management, hold regular meetings and report to the committee on the status of implementation.

Information Security and Process Management Team 1. Come up with the company’s policies and plans concerning information security and IT system management.

2. Undertake and promote the company’s Information Security work, hold regular meetings and report to the committee on the status of implementation.

Environmental Protection and Supply Chain Team 1. Come up with the company’s policies and plans concerning environmental protection and supply chain.

2. Undertake and promote the company’s and supply chain environmental sustainability work, hold regular meetings and report to the committee on the status of implementation.

Social Engagement and Employee Care Team 1. Institute policies and plans regarding the company’s social responsibility and human rights protection, including human rights, privacy, employment relationship and friendly workplace, talent attraction and cultivation, and labor practices and community care.

2. Fulfill and promote the company’s CSR work, hold regular meetings and report to the committee on the status of implementation.

Risk Management Policy

ALLTEK has conducted risk assessments related to environmental, social, and corporate governance issues relevant to company operations. We have formulated the “Risk Management Policy and Procedures” guidelines, which were approved by the Board of Directors in 2022. The Sustainable Development Committee has conducted analyses based on materiality principles and integrated assessment data from various departments to evaluate significant sustainability issues. This process drives the establishment of the following risk management policies, aiming to ensure the company’s commitment to sustainable practices and responsible business conduct.

Risk category

Risk management performance

Operational Risk

1. Formulated the “Procedures for Sustainability Committee Establishment” and set up a Sustainability Committee, which includes the risk team.

2. The annual audit plan based on the risk assessment was formulated and executed accordingly.

3. Formulated the “Risk Management Policies and Procedures,” which were submitted to the Board of Directors in 2022.

Financial Risk

1. In terms of operations, we have strengthened the management of inventory and accounts receivable and other material assets, and maintained profit growth.

2. Raised funds such as syndicated loans and convertible corporate bonds to supplement the working capital.

Information Security Risk

Established the “Cybersecurity Management Policy” and reported the implementation status to the Board of Directors in 2022.

Environmental Risk

 

Supported the release of the Task Force on Climate-Related Financial Disclosures (TCFD) by the Financial Stability Board (FSB) in June 2017 to mitigate the risks and pursue opportunities associated with climate change. In addition, the annual progress and results of the work was disclosed in accordance with its proposed framework.
Supervision of Sustainable Development by the Board of Directors

After the Sustainability Committee formulates sustainable-related plans or directions for the Board of Directors, the Board of Directors conducts regular reviews. The progress of sustainable development is evaluated and examined by the Board of Directors, which then proposes adjustments and recommendations accordingly.

In the fiscal year 2023, a report was submitted to the Board of Directors once. The agenda included:

(1) Communication situation with stakeholders in 2023.
(2) Work progress of the functional group of the Sustainable Development Committee.
(3) Updates to the Corporate Sustainability Zone on the official website of Qianke.
(4) The International Sustainability Standards Board (ISSB), a subsidiary of IFRS, has brought TCFD climate-related financial disclosures under its jurisdiction.

Sustainability in 2022
Glory of Alltek in 2022