Management Commitment and Philosophy

▶️Letter from the Chairman          ▶️Letter from the CEO         

▶️Letter from the Chairman of the ESG and Sustainable Development Committee

For those who care about the sustainable development of WPG Holdings:

Last year, i.e. 2023, has been highlighted by the World Meteorological Organization as the hottest year in history. In order to accelerate the net zero pathways, a consensus was reached internationally. Laws, regulations and policies related to carbon reduction were launched successively. At the same time when environmental issues expanded the influence on business management, we were also facing the changes in the market, including the sluggish global economy and weakening end market. When dealing with the challenge, all of WPG Holdings staff and our supply chain partners worked with each other cautiously and diligently, and finally delivered the remarkable performance by boosting the Group’s market value and hit a record high.

With sound corporate governance as the cornerstone, continue to internalize the people-oriented spirit and co-create partner value

Among the ESG aspects, we believe corporate governance has always been the cornerstone. Although the Group has been listed on TWSE for many years and won the trust of shareholders, we still follow the requirements under national laws and regulations, and continue to update the corporate governance structure and operating mechanism in line with the environmental changes, in order to ensure that our operations are based on an effective governance structure to protect the rights and interests of shareholders and key stakeholders.

Meanwhile, in the digital age, we continue to strengthen the digital security measures to mitigate operational risks. We have obtained the ISO 27017 cloud-based service information security management certification. In the era of data and AI, we put the information security first and also practice the management philosophy upholding a good governance as the first priority.

Further, employees are our most important business partners. In the context of the corporate culture of accountability, we create high value for the Company and our shareholders. Therefore, we attach great importance to the talent training and professional growth. In addition to adequate training plans, we have also improved the self-made courses on the online platform in the past year, invited senior executives to serve as internal trainers, and recorded a series of courses for the knowledge transfer, in order to improve the learning speed and experience of all colleagues.

Sustainability is an important corporate goal, from promise to practice

Sustainability is one of our most important core. With our continuous efforts, we have been ranked in the top 5% in the corporate governance evaluation and awarded Grade A in the MSCI evaluation. Meanwhile, we were still included into the TWSE Corporate Governance 100 ETF as the constituent stocks. All of these are considered as the outstanding achievements we have generated upon implementation of corporate governance and pursuit of sustainable development.

Last year, the Taiwan Carbon Solution Exchange was established, marked as a milestone for Taiwan’s official entry into the era of carbon trading, and followed by the market-driven corporate transformation to Net Zero. The launch of various climate regulations and sustainability disclosure guidelines signifies the corporate investment in sustainability transforming from voluntary compliance to mandatory regulations. Before the laws and regulations were implemented, WPG Holdings always aims at sustainability and has already committed to the Group’s net zero emission goal by 2050 since 2021.Besides, we continued to expand the scope of Greenhouse Gas inventory against our business locations and self-owned warehouse and also verification under ISO 14064:2018 in the past year, WPG Holdings assessed the low-carbon transformation roadmap, and set annual target for the renewable energy utilization rate.

Our sustainable future leading the corporate on the road to pursue happiness in workplace

Looking forward to the future, we are still facing the challenges from geopolitical risk and specific issues related to Taiwan. We will attach more importance to the business continuity management (BCM) work, accelerate global deployment and investment, and make good use of and integrate various resources to build operational resilience and strengthen long-term competitiveness. By responding to changes with agility, we aim to move forward on the path to sustained success and happiness. Led by the purpose for “Creating Partner Value for a Better Future,” WPG Holdings will continue to work with the stakeholders including customers, suppliers, employees, banks, and investors, in order to pursue the sustainable development goals for “Grow Together, Strive Together and Win Together.”

Chairman of WPG Holdings Ltd.

Simon Huang