Message from Top Management
2023 was a year that brought rapid change to the entire world. With escalating tensions among countries, global emphasis on environmental protection and green energy, increased demands for carbon emission reduction, regulatory frameworks for corporate sustainability driven by national policies, and the rapid development and widespread adoption of AI technology, global businesses
were faced with significant and uncertain pressure on their operations. Facing the turbulence and changes in world trends, PANJIT, as a global corporate citizen, aspires itself to continue upholding the principles of “innovation, growth, responsibility, and sustainability” during the era of the green industrial revolution and explosive information development. It is our goal to integrate global trends and values with the sustainable operations of the Company. Through the ESG Corporate Sustainable Development Committee, we continue to promote various actions and performances and make rapid adjustment with global changes, striving to become a leader in the global economic semiconductor supply chain.
Sustainable Environmental Protection
To align with global trends, we continue to uphold the vision of “Strengthening green energy development and the sustainable management of PANJIT Group”, focusing efforts on three main directions: energy conservation, waste reduction and utilization, and green energy and environmental sustainability and dedicated to achieving carbon neutrality by 2040. In 2023, we identified the climate change risks PANJIT would face during its operations via climate-related risk matrix, and established five major management response measures, including enhancing R&D of green energy market products, working with the supply chain to set GHG reduction targets, improving resource recycling and reuse rate, systematic management of process wastewater, and publicity of water for people’s
livelihood and hardware improvement to respond to risk management and control while improving corporate operational resilience to the challenges brought by climate change. Moreover, we are still working hard on the ISO 14067 product carbon footprint inventory and environmental education
activities, such as wetland tree planting activities in the coastal area, Love the Earth- Tree Planting Activity, and Monthly Healthy Vegetarian Day. It is hoped that by understanding the carbon footprint of our products, improving process, reducing GHG emissions, and through the power of education and knowledge sharing, our employees’ awareness of environmental protection can be enhanced, so as to create an eco-friendly environment that offers the planet a chance to breathe.
Social Responsibility for Common Prosperity
The issues of human rights and corporate social responsibility have drawn widespread attention due to their rapid growth trend. The impact of declining birth rates and the needs and opinions of recruiting talents have also become important issues that enterprises have to face. In the face of the two major challenges, PANJIT continues upholding the vision of “Creating a happy corporation that employees are proud of” and keep working on respecting equality, employee care, educational participation, and social support for the implementation of PANJIT’s commitment to social participation. In 2023, PANJIT passed the RBA VAP audit and obtained silver certification, and through a self-assessment questionnaire (SAQ), it continues to demand the Company’s complete compliance with corporate social responsibilities. In addition, through comprehensive ongoing RBA (Responsible Business Alliance) education and training programs for all staff and multiple ESG Master Lectures on the aspects of ESG, we have established and demonstrated the ESG awareness among all employees, and jointly invested in the emphasis on and attention to corporate social responsibility.
PANJIT also continues to fulfill its responsibilities for employee care and promotes diversified talent development strategies, skill education and training, and remuneration and benefit measures to ensure peace of mind for every employee and enable them to maximize their professional skills and capabilities. In the aspect of linking prosperity through social feedback and mutual benefit, PANJIT assists in local education initiatives, supports the disadvantages, and extends caring hands to provide greater help through collaboration with external industry, government, and academic partners. In the future, PANJIT will continue to listen to the voice of its employees, promote more diverse and friendly measures to safeguard the rights and interests of the employees, and will proactively give back to the local community, adhering to its social responsibility to let more talents see us and choose to work together with PANJIT.
Sustainable Development Governance
In addition to setting the goals of environmental sustainability and social prosperity, PANJIT keeps
upholding the vision of “Integrity management, joining hands with global partners for common good” to strive for the fulfillment of our commitment to sustainable governance. In 2023, we continued to adhere strictly to international and domestic regulatory requirements, maintaining a strong record in integrity, governance, and regulatory compliance, with no significant negative news.In terms of due diligence management of the supply chain, we have demonstrated our determination to achieve sustainable development for common good, and worked with our global partners to continue to advance and complete the signing of supplier corporate social responsibility statement, supplier evaluation, and other important supply chain due diligence activities. In addition to strict self requirements, we also ensure that the cooperative supply chain can grow with PANJIT and adhere to ethics, environmental sustainability, and social responsibility.
Furthermore, in a rapidly changing world with constant advancements in new technologies, PANJIT continues to work tirelessly on product innovation and development. In 2023, we applied for a number of R&D patents and passed Taiwan patent review, and started mass production of these patented technologies. The results of these R&D patents are not only the results of the joint efforts of outstanding teams of talents, they also inject greater development capability into the Company’s future, and are our positive contribution to technical progress and industry development. 2023 was also a year of rapid growth in smart technology. Various AI tools are rapidly emerging like mushrooms after a rain, dazzling all sectors. In addition to considering the application of AI technology, how to prevent the impact of AI on enterprises is also another important issue. PANJIT constantly evaluates the effectiveness of information security through regular internal and external third-party security audits. In the future, we have also formulated systematic plans to strengthen our information security strategy, aiming to protect the Company from external malicious threats and attacks, mitigating uncertainties and threats brought about by technological advances.
All efforts and achievements in sustainable development governance are due to the joint efforts of the whole team and the hard work of all partners. In the future, we are committed to actively monitoring significant global changes, adhere to the axis of sustainable development of enterprise, accurately respond to the voices of stakeholders, and continue to operate in an open, transparent, and honest manner. Together with global stakeholders and partners, we strive for consensus and are committed to implementing sustainable development to create a more sustainable and brighter future.