Sustainability Management|Sustainable Development Governance

Sustainable Development Governance

Sustainability Development Committee


Nuvoton is committed to becoming an "invisible champion enriching human life with green semiconductor technology." 
       

Under the leadership of its management, the company upholds integrity, innovation, and passion to continuously enhance its corporate value while keeping an eye on global trends, caring for social issues, and responding to stakeholder expectations. Nuvoton has devised a strategic framework for its vision from three dimensions of ESG (Environmental, Social, and Governance), aligning with action plans to implement the United Nations Sustainable Development Goals (SDGs). By integrating sustainability principles into its core capabilities, Nuvoton aims to foster new futures in talent, processes, and technology, thus creating better possibilities for society. Nuvoton is committed to achieving its sustainability vision by setting "sustainable operation" as its goal and adopting "innovation improvement" as its approach.


To ensure the adherence to sustainable business practices and establish a sustainable governance framework, Nuvoton has internally set up a Sustainability Development Committee. This committee serves as the highest governing body for the company's sustainable development operations. It is either chaired by the president or a senior executive appointed by the president, who is responsible for driving sustainability initiatives. The committee oversees the organization's sustainable impacts and sustainable development management policies in the areas of economy, environment, and people (including human rights). Working groups have been established in both Nuvoton Taiwan and Nuvoton Japan to address seven major functions, each tasked with setting short-, medium-, and long-term goals. These working groups are responsible for developing annual action plans, which are monitored quarterly by the Sustainability Development Committee. The committee chair regularly reports progress to the Board of Directors.


Organizational Structure of the Sustainability Development Committee 

 


To implement corporate sustainability and management, Nuvoton promotes sustainable development in the areas of economy, governance, environment, and society. The Sustainability Development Committee has formulated the "Nuvoton Technology Corporation Sustainability Practice Guidelines," which have been approved by the Board of Directors as the highest guiding principles for Nuvoton's sustainability practices. These guidelines adhere to the Taiwan government's "Corporate Sustainability Practice Guidelines for Listed and OTC Companies." Upholding the concept of sustainable operation, Nuvoton continually monitors domestic and international sustainability guidelines and regulatory trends to ensure that its sustainability-related business activities comply with legal requirements.


The Nuvoton Sustainability Development Committee provides regular reports to the Board of Directors on ESG sustainability promotion, greenhouse gas emissions (including those in Taiwan and Japan), and the implementation of measures to balance the interests of stakeholders and promote integrity in operations. Board members offer timely guidance on various aspects of sustainability management and provide suggestions for long-term sustainability development directions.

 


1The communication and integrity management progress with various stakeholders for the fiscal year 2024 has been reported to the board of directors on July 30, 2024. 

           Policies and Regulations
       

 


Key Projects for Sustainable Development 

AxisKey ProjectsCollaboratorsImpact and Benefits    
 
Environmental (E)
Investment in energy-saving and carbon reduction equipment
  • Suppliers   
  • Increased energy usage efficiency
  • Reduced energy costs
  • Lowered carbon emissions
Research and development for green design and process innovation
  • Customers
  • Suppliers
  • Decreased energy consumption and carbon emissions
  • Reduced environmental impact
Setting short, medium, and long-term greenhouse gas reduction goals
  • Verification units
  • Customers
  • Suppliers
  • Establishment of company's path to net-zero          
Deployment of renewable energy
  • Engineering companies   
  • Increased utilization of green energy        
Reduction of pollutant emissions
  • Engineering companies
  • Communities
  • External consultants
  • Schools        
  • Reduced environmental impact

  
Social (S)

 

Community investment in supporting the underprivileged
  • Local communities    
  • Non-profit organizations
  • Improved learning environments
  • Enhanced community prosperity and well-being
Protection of workplace safety 
  • Suppliers
  • Reduced occupational injury rates
  • Enhanced overall employee safety      
Volunteer participation
  • Local communities    
  • Hsinchu City, Taiwan
  • Zhutian Elementary School, Pingtung County  
  • Nuvoton  at Nagaokakyo City, Japan 
  • Maintain community environment
  • Increase employee environmental awareness
  • Encourage employee participation in cultural activities
 
Governance (G)
Identification of climate risks and opportunities (TCFD) 
  • External consultants      
  • Response to stakeholders
  • Identification of risks and opportunities of extreme weather

ISMS

(Information Security Management System)

  • External consultants 
  • Enhanced information security protection
  • Reduced risk of information leakage
  • Establishment and operation of a secure operation center system
Corporate governance evaluation
  • Regulatory agencies
  • Improved corporate governance scores