Strategies for Sustainable Development
With new products constantly being launched on the market, it is essential for Chroma to keep expanding our product portfolio and technical capacity while working with top-tier partners to strengthen R&D and retain our leading edge. In addition, because of the recent relocation of many industries, the emergence of imitation products onto the market has caused our products and the products of our subsidiaries to suffer in terms of sales volume due to price competition from knock-offs. To maintain the competitive advantages of our products, we have committed significant human resources to the task of patent application and the preservation of our brand value. Following our promotion of production automation, we will focus on the integration of testing instruments and automation equipment so that we can maintain that critical edge so important to the instrument industry.
Long-term businessdevelopment plan
Our long-term goal is “to develop globally leading products as a world-class enterprise” and it is this vision that drives us towards continuous growth. We believe that globally leading products incorporate the three fundamental qualities of “precision”,“reliability”, and“uniqueness”and that is exactly what we deliver to our customers with our value-adding test solutions for various electronic technology industries. To become a world-class enterprise, we need to focus on three specific aspects of development: innovative technology, “Chroma” brand and globalization. Therefore, Chroma invests heavily and devotes many resources to research and development every year to sustain its leading key technologies and highly integrated capabilities in the optical, mechanical, electronic, temperature control and software fields, to retain our competitive advantages and achieve sustainable business operations.
Human resources plan
Product development plan
Short-term businessdevelopment plan
Advance production capacity and material preparation to ensure on-time production that meets customer demand
Closely follow European, American, and Japanese market demand after the epidemic subsides
Accelerate the development of test solutions related to advanced semiconductors, AIoT, and 5G communication
Chroma’s achievements for 2020
Ensure health and facilitate well-being at all ages
① Provide Regular health check-ups.
② Organize health seminars.
③ Provide onsite medical service.
Ensure that education is non-discriminatory, equitable, and of a quality high enough to promote lifelong learning.
① Ensure that employees at all levels receive relevant training.
② Provide internship opportunities for the promotion of industry-academic cooperation.
Promote inclusive and sustainable economic growth as well as full and productive employment, to ensure everyone has a good job
① Established an occupational safety and health committee to ensure a safe and healthy working environment.
② Ensure compliance with labor, health and safety, environmental and corporate ethics regulations.
Ensure sustainable consumption and production patterns
Introduced a Hazardous Substances Management System in 2015. We continue to reduce the use of hazardous substances in our products in line with the world trend of environmental protection and according to customer demand. A system was fully implemented in 2008 that ensured that our electronic products comply with the global chemical control regulations of the European Union (e.g. RoHS/ REACH/ Dodd-Frank Act of 2010, H.R 4173) and avoid the use of conflict minerals, conflict metals, etc. We require our suppliers to sign a declaration of environmental protection to promote clean products and green environmental protection.
Adopt emergency measures to cope with climate change and its impact
According to the results of the greenhouse gas inventory, the main source of Company electricity is externally purchased. This means that electricity saving is listed as a priority issue for carbon emission reduction. Chroma has implemented many different energy saving measures, including the replacement of old PCs with low-wattage PCs, the gradual replacement of all public light fixtures across our plants with LED devices. We also do statistical analysis of power consumption at each plant which includes controlling the temperature and humidity settings at our plants and monitoring air-conditioning. We also disseminate the concept of energy conservation to instill the idea of the need to preserve the resources of our planet. Not only that, we also remind our employees to cultivate the habit of switching lights off whenever they leave a room and to turn off their PC when they leave the office. Good habits like this help conserve energy and reduce carbon emission.