Social Responsibility
Message from the Chairman of the ESG Committee
2020 was a challenging year as we faced a global health crisis on an unprecedented scale. Despite the uncertainties that followed in its wake, I am proud of our response and achievements as a Group. The health, safety and well-being of our employees has always been our top priority. As part of our ongoing efforts to combat COVID-19, we established an Epidemic Prevention Committee to prevent the spread of the virus within our factories, protect our employees and maintain our production and supply of products to customers under safe conditions. We ensure all our factories and sales offices across the globe abide by the rules and regulations of the local authorities, and our Chinese sites have also shipped masks to some of the overseas factories as additional support.
Against the backdrop of the pandemic, TPV managed to achieve impressively in 2020 business-wise, as well as fulfil our responsibilities towards building a better world such as committing to the UN Global Compact initiative in November and Science Based Targets in December. Besides reviewing current policies and developing new ones, we also reformed our ESG reporting standards to meet those set by GRI.
One of our highlights of the year was starting our very own CSR Foundation which we are proud to have helped Mercy Ships with their Hope and Healing initiatives for the forgotten poor. Besides enhancing their eLearning experience, we also aided in the set-up of their very first training centre in Guinea by supplying them with various products to equip them for success. In the future, we intend to expand and develop the foundation’s scope to cover more entities within the Group.
With our long-term goal to become a leading company in sustainability efforts, we approach 2021 with a renewed focus. In addition to preparing and implementing sustainability policies across all of our sites, we will also be making sustainability a foundation of our product designs, investing in new technology to develop less energy-consuming products and bringing together our suppliers to develop more environmentally friendly packaging.
In 2020, we have also embarked on the ‘intelligent’ road by taking the first steps towards implementing Industry 4.0 and smart factories to improve quality and productivity - we invited two renowned consultancies in intelligent manufacturing to guide us and develop a five-year plan for us in accordance with the unified frameworks and standards.
I am confident that the year ahead will bring us more exciting opportunities, and TPV’s purpose of ‘supporting the development of a clean, sustainable and inclusive global society’ has never been more pressing than it is today. We will continue our journey to create more positive corporate social values and build a responsible and sustainable future.
Chairman and CEO
Chairman of the ESG Committee
Our Contribution to UN's SDGs
The SDGs (Sustainable Development Goals) are 17 goals adopted by the United Nations to make the world a better place by 2030. They call for the whole world to act decisively to protect our planet while enhancing economic growth. And they can be seen as a common framework to tackle global issues like poverty, inequality, climate change and environmental protection.
As a socially responsible, internationally-operating company, TPV has taken a meaningful step to contribute to solving these global challenges by integrating the SDGs in our strategy and business model.
To identify which SDGs are the most relevant to TPV, we performed a peer and customer analysis and conducted interviews with stakeholders. As a result, SDGs 4 (Quality Education), 8 (Decent Work and Economic Growth) and 12 (Responsible Consumption and Production) were deemed as our strategic focus in 2020.
To read more on the UN’s SDGs, please visit:
United Nations Sustainable Development – 17 Goals to Transform Our World
Quality Education
Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
In China, we collaborate with some universities (including Fuzhou University and Xiamen University of Technology) to give selected students the hands-on opportunities to work with TPV's in-house engineers and participate in the R&D of products. Through hands-on learning experience, we prepare the students with skills and experience helpful to their future career. Outstanding students are also invited to join the TPV family after graduation.
We also run training programmes with universities to develop future talent in areas like Android software and manufacturing technology. Launched in 2009, these training programmes have benefited over five hundred students. In addition, since 2015, we have also partnered with other companies in the optoelectronics industry to offer joint courses covering topics ranging from optoelectronics to mechanics to help upskill students from universities such as Xiamen University of Technology and Chung Hua University.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
We are committed to workplace inclusivity. There is zero tolerance for harassment and discrimination on any grounds and we frequently review related procedures to promote diversity, equal opportunity, and decent work for all. We provide effective internal grievance mechanisms for employees to raise any work-related concerns.
We are committed to upholding the human rights of our employees and those who work in our supply chain. We have joined the UN Global Compact and are committed to incorporating its principles such as those on human rights and labour into our strategy and operations. To supplement our internal audit efforts, we also conduct EICC (Electronic Industry Citizenship Coalition) audits to ensure no child labour and forced labour is used in any of our operations. At the same time, as a member of the Responsible Minerals Initiative (RMI), we are committed to the control of conflict minerals and have created a conflict mineral management system in accordance with the OECD’s five step framework for due diligence in the supply chain.
Responsible Consumption and Production
Ensure sustainable consumption and production patterns
We are committed to managing waste generated from our operations and premises in a responsible manner to minimize the impact on the environment and surrounding communities. Our waste management principles encourage reduction at source and the reuse and recycling of waste. We also aim to employ new and advanced technologies to identify process inefficiency and minimise waste generation.
As a leading display manufacturer, we support and adopt sustainable design principles. To contribute to environment protection and resource conservation, we aim to identify opportunities to implement sustainable design throughout the product cycle, from the selection of raw materials, through manufacturing, to the use and recycling stages. Meanwhile, we also enhance control over hazardous materials throughout the manufacturing process and establish the green produce management system in response to the request of our customers.
We Support the UN Global Compact
In addition to supporting the UN’s SDGs, we also joined the United Nations Global Compact (UNGC) in November 2020 along with more than 10,000 businesses and other stakeholders around the world to build a better society. We are committed to integrating the UNGC's ten principles on human rights, labour, environment and anti-corruption as part of our business strategy and company culture, for the greater benefit of society as well as of our own.
To read more on the UN Global Compact, please visit:
UN Global Compact
We Have Committed to the SBTi
In January 2021, we formally submitted our commitment letter to the Science Based Targets Initiative (SBTi) and plan to set up science-based emission reduction targets within 24 months, which will be disclosed to the public after the ESG committee’s review. We will work with companies from all sectors to actively contribute to the world’s transition to a zero-carbon economy.
To read more on the SBTi, please visit:
Ambitious Corporate Climate Action - Science Based Targets