Sustainable development has become a major factor that influences the direction of corporate value creation and strategy plan due to recent global trends in industrial development. Following the sustainable growth in the future, companies will face risks and get opportunities from different aspect, such as application of eco-friendly material, increasingly strict regulatory requirements, and the trend of smart manufacturing. These are all key topics that must be taken into consideration for the Company to achieve sustainable goals.
In this context, Walsin Lihwa's vision is to pursuit for continuous growth by leveraging industry 4.0 advantages; insistence on environmental protection, energy efficiency, and R&D for innovation; and servitization of manufacturing for customers value creation to become the most reliable and trustworthy business partners to customers. We have further formulated the Company's sustainable development strategy to accord with this vision. Walsin Lihwa's sustainability strategy takes into consideration not only its own development and responsibilities, but also the environment and human; it also accords with the United Nations Sustainable Development Goals (SDGs). In response to changes in the global economy, each committee formulates a sustainability strategy and improves implementation guidelines for the strategy based on the foundation of integrity, total involvement, management practices, innovative thought, and adding value to the value chain. We hope to develop a sound corporate governance framework and sustainability policy that contributes to sustainable economic growth. We put the concept of full engagement into practice by providing better employee benefits, training, and occupational health, so that everyone can enjoy decent work. In response to industrial pollution and global environmental issues, we will continue to engage in innovation, develop green products, and reduce our impact on the environment. In response to climate change, renovation in production models, and limitation in resources, we will continue to refine our green processes and create a sustainable production model that effectively utilizes natural resources. We will also implement value chain sustainability management to develop a sustainable, resilient industry. Each of our five committees recently formulated a sustainability action plan and established corresponding performance indicators, so as to systematically bring Walsin Lihwa closer to its vision of sustainability, one step at a time.
Progress Towards Sustainability in 2018