2024-04-26-上交所-2023_Environmental,_Social_and_Governance_Report_48页_24mb

2023 Environmental, Social and Governance Report Summary

Core Content

This ESG Report from Will Semiconductor Co., Ltd. Shanghai outlines the company's commitment to environmental, social, and governance (ESG) principles for the year 2023. The report is published in both Simplified Chinese and English, and can be accessed via the official website. It is prepared in accordance with the Shanghai Stock Exchange's guidelines, GRI Standards, and UN SDGs. The report covers the ESG activities and achievements of the company and its main subsidiaries, with a focus on the period from 1 January 2023 to 31 December 2023.

Main Viewpoints

1. Robust Governance for Sustainable Development

• Corporate Governance Structure: Will Semiconductor has a well-defined governance structure with a Shareholders Meeting, Board of Directors, and Board of Supervisors, ensuring efficient and balanced decision-making.
• Board Diversity and Independence: The company emphasizes board diversity and independence, with the addition of a new female director during the reporting period. There are 3 independent directors, and two of the four special committees are now composed entirely of independent directors.
• Shareholder Rights and Interests: The company maintains transparent communication with investors and has repurchased shares to safeguard shareholder value.
• Integrity and Compliance: Will Semiconductor prioritizes integrity and compliance, implementing a top-down mechanism to ensure adherence to ethical standards. All employees are required to sign commitment letters, and 100% of employees participated in annual business ethics training.
• Trade Compliance: A three-dimensional trade compliance review mechanism is in place to ensure global operations comply with export control and economic sanctions regulations.

2. Constant Innovation for Reliable Products

• Technological Innovation: The company continues to innovate, with the product OV50H winning the "Best Sensor of the Year 2023" award. It also focuses on developing low-energy consumption and environmentally friendly products.
• Quality Control: Will Semiconductor has a strict quality management system to ensure the reliability and performance of its products.
• Information Security: The company has improved its information security management and emergency response capabilities to protect intellectual property and trade secrets.

3. High Synergy for Building a Thriving Ecosystem

• Customer Service: Will Semiconductor provides professional technical support and attentive service to customers, contributing to a thriving ecosystem.
• Sustainable Supply Chain: The company is committed to building a sustainable and efficient supply chain, with a standardized supplier management system in place.

4. People-oriented for Creating Value Together

• Talent Attraction and Development: The company attracts and retains talent through various programs, including onboarding training, mentorship, and leadership development.
• Work Safety and Health: Will Semiconductor prioritizes employee health and safety, ensuring a safe and inclusive work environment.
• Community Engagement: The company actively participates in public welfare and supports children's welfare institutions and impoverished students.

5. Environmentally Friendly and Practicing Green Operations

• Climate Change Response: Will Semiconductor actively responds to climate change by implementing clean energy and energy-saving measures.
• Green Initiatives: The company has expanded rooftop photovoltaic facilities in Songjiang Park, generating 1,933.59 MWh of green electricity. It has also replaced shuttle buses with electric buses in mainland China.
• Environmental KPIs: The company aims to optimize resources, reduce pollution, and comply with environmental regulations.

Key Information

• Company Overview: Will Semiconductor is a leading Chinese semiconductor design company, with a global presence and R&D centers in China, the United States, Japan, and Europe.
• Business Model: The company operates under a fabless model, focusing on the design and sales of integrated circuits, including image sensor solutions, touch and display solutions, and analog IC solutions.
• Semiconductor Distribution Business: The company distributes a wide range of electronic components and systems, including resistors, capacitors, integrated circuits, and RF devices.
• Awards and Recognition: Will Semiconductor received numerous awards during the reporting period, including the "2023 World Electronics Achievement Awards - Best Sensor of the Year" and the "2023 Gaogong Golden Globe Award - Leading Provider of Automotive Image Sensors of the Year".
• ESG Integration: The company integrates ESG principles into its operations, aligning with the UN SDGs, particularly SDG 1 (No Poverty), SDG 3 (Good Health and Well-being), SDG 8 (Decent Work and Economic Growth), and SDG 12 (Responsible Consumption and Production).

Conclusion

Will Semiconductor continues to lead in the semiconductor industry through its strong ESG practices, technological innovation, and commitment to sustainability. The company is dedicated to creating a responsible, ethical, and environmentally friendly business environment, while fostering a diverse and inclusive workforce. Its efforts in aligning with global standards and contributing to sustainable development goals reflect its long-term vision of fostering a sustainable and intelligent future.