Corporate Sustainability Management
WPG Corporate Sustainability Committee
WPG established "WPG Corporate Sustainability Committee" in 2015 to implement corporate sustainability businesses and policies, with the Chairman of the Holdings company as the chairperson, and the CEO of the Holdings company as executives while the members include the CEOs of the Group.
The Corporate Sustainability Committee is divided into 6 large function groups, including Sustainable Risk Management, Sustainable Corporate Governance, Sustainable Supply Chain and Customer Management, Sustainable Workplace, Sustainable Environment, and Sustainable Social Participation. Top level managers of relevant functional units are in charge of promoting various projects or measures for major issues.
Analysis of Material Issues
WPG follows the four principles of GRI Standards, which are materiality, stakeholder inclusiveness, sustainability context, and completeness, and refers to international sustainable development trends and meterial issues of the industry to identify material issues.
Identificaiton of Stakeholders
WPG’s major stakeholders are identified in accordance with AA 1000 stakeholder engagement standard which include important factors such as Responsibility, Influence, Tension, Diverse Perspectives and Dependency. The questionnaire is completed by internal functional units and 12 major stakeholders were identified, including shareholders/investors, employees, customers, government institutions, IDM/fabless, suppliers / contractors / subcontractors, the media, banks, public associations, nearby communities, non-governmental organizations and academic units.
Analysis of Material Issues
WPG regularly identies major sustainability issues through systematic analysis to ensure that the disclosed information meets stakeholders' expectations. In 2020, WPG proposed a list of sustainability issues with reference to the analysis of past issues, themes of GRI Standards, international trends, and industrial characteristics, and collected information on the awareness of stakeholders on WPG Holdings sustainable issues. Meanwhile, the Corporate Sustainability Committee invites the Chairman and CEOs of each group to assess the operational impact and major risks. Relevant opinions are integrated, the materiality matrix was completed in 2020, and 14 material issues were selected based on the "Level of Stakeholders' Concern for the Issue" and the "Level of the impact of the issue itself on WPG's operations.
WPG presented relevant performance and management results in 2020 CSR report and set 2021 strategic goals for corporate sustainability implementation based on this matrix.
"Technology Empowerment and Digital Transformation", "Smart Logistics and Smart Warehousing", "Human Rights and Equality" and "Occupational Health and Safety" are newly identied material issues in correspondence with WPG's progress on "Digital Transformation" and the impact of COVID-19 pandemic in 2020.
Corporate Sustainable Development Goals