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Management Commitment and Philosophy
▶️Letter from the Chairman ▶️Letter from the CEO
To the partners who attend to the sustainable development of WPG Holdings:
2022 was a year of uncertainties and challenges. Although the COVID-19 pandemic is abating around the world, the global business environment continues to be turbulent due to changes in the market climate, widespread inflation, and interest rate hikes. Despite the many challenges and impacts, we still achieved a record operating profit. We are particularly grateful for the concerted efforts of all of our employees, and our digital transformation and operational risk management efforts, which we have been promoting for years, have passed stress tests and proven the effectiveness of our business strategies.
We have maintained our focus on ESG issues even in the face of challenging economic changes. The upgrade of MSCI ESG Rating to A, our inclusion in the Taiwan Corporate Governance 100 Index, and our achievement of the Taiwan Intellectual Property Management System (TIPS) Level A certification demonstrate that our commitment to sustainability has been highly recognized externally. Corporate sustainability is one of our key objectives, and we are committed to pursuing stellar operational performance while continuing to value the interests of our stakeholders and investors, and to contribute to the sustainable development in the regions where we operate in line with the UN SDGs. We will focus on the five core areas of "Corporate Governance, Sustainable Supply Chain, Environmental Sustainability, Sustainable Human Resources, and Social Engagement", and aim to become a trusted partner and global corporate citizen for all stakeholders.
We are committed to a professional governance structure that focuses on the deepening of selected key issues in the sustainability trend and its implementation in our strategic operations. In practical action, we established a dedicated ESG Office in February 2022 to continue to prioritize ESG issues within the Group. In addition, we moved our annual shareholder's meeting to May in order to protect shareholder's rights and improve communication. We value the importance of incorporating a sustainable environment into a culture of sound governance through governance system operations.
Sustainable Supply chains
To bolster our efforts at building a sustainable supply chain, we have accumulated many years of experience in supply chain management. Embodying the spirit of innovation, we shall create Logistics as a Service (LaaS) models. with the aim of improving the efficiency of global digitalized supply chain logistics, addressing the pain points of upstream and downstream partners in warehousing, and building a low-carbon ecosystem; with "business digitization, business platform, and data commercialization" as our core viewpoint, which we have evolved into a business process as a service (BPaaS) OEM model. Furthermore, our micro-services information system can be flexibly combined to enhance the resilience of industry partners and achieve a win-win situation for all.
As an important member of the global semiconductor supply chain, WPG Holdings is ahead of domestic requirements and has completed greenhouse gas inventories of its main operating sites and its own warehouses and has obtained ISO 14064:2018 certification. In addition, through the environmental issues advocated within the Company, we hope to build a foundation for employees’ awareness of carbon reduction, with all-hands participation towards our goal of net-zero carbon emissions by 2050. In addition, through the advantages of value-added services provided by WPG Holdings, we have been working with our customers to develop clean technology product solutions and provide industry chain partners to move towards low-carbon green transformation together, playing an active role in the supply chain carbon reduction initiatives.
We believe that our employees are the most important assets of the Company and the driving force that supports the advancement of WPG Holdings. Therefore, it is always the core of our strategy to continuously attract and motivate talents and invest in the development of employee functions. Through the Employee Stock Ownership Trust Program, we invite employees to become shareholders, share the Company’s operating results, actively retain talent, and implement a hybrid work model to create work flexibility for collaboration; provide comprehensive on-the-job training, general education, and a variety of physical and online learning channels, and establish an internal lecturer mechanism for systematic transmission and sharing to cultivate the knowledge required by employees in the workplace by instilling corporate culture to ensure organizational solidarity and cohesion.
WPG Holdings has long been committed to community care and youth empowerment. Internally, we continue to encourage our employees to volunteer and assist public welfare organizations and disadvantaged families through practical donations to inject goodness into society; externally, we provide a stage for youth development by passing on supply chain management knowledge through industry-academe cooperation; and integrate internal and external resources to initiate the formation of the ESG Technology Innovation Promotion Alliance, which supports environmental issues in agriculture, fishery and livestock raising, and energy conservation. By supporting the environmental issues of agriculture, fishery, livestock, and energy conservation, we aim to help Taiwan society achieve the goal of living in harmony with the environment.
Looking ahead, in the face of rising geopolitical and climate risks, it is imperative for companies to engage in BCM efforts to actively manage related risks. With sound corporate governance as the cornerstone, we will complement our digital transformation and build operational resilience to lead our employees through challenging times and continue to realize our vision of "The First Choice of Industry • The Benchmark of Distribution." We fully implement our core values of "Teamwork, Integrity, Professionalism, and Effectiveness," and strengthen our long-term competitiveness by taking sustainable actions; and maintaining engagement and communication with our customers, suppliers, employees, banks, investors, and other stakeholders to move forward together toward the sustainable goal of "Grow Together, Strive Together and Win Together".
Chairman of WPG Holdings Ltd.