Sustainable Development Strategy and Focus
In 2022, in an effort to fulfill our corporate social responsibilities and stay true to our philosophy for sustainable operations, the Board of Directors approved the establishment of the Chroma Foundation, the Chroma ESG Office, and the Chroma ESG Working Groups. The aim being to practice sustainable development in terms of the following seven aspects: corporate governance, products and innovation, a happy workplace, social engagement, a sustainable environment, suppliers and partners, and climate change. Additionally, the United Nations Sustainable Development Goals (SDGs) were adopted as the direction for implementing sustainable strategies. The performance results of ESG KPIs were reported to the Board in the Q4 board meeting.
Sustainable Growth
A profitable growth framework based on environmental sustainability,
social responsibility, and corporate governance principles.
Green Chroma • Sustainable Goals
The Board also passed the "Sustainable Development (ESG) Best-Practice Principles" to define the following four major items: the enforcement of corporate governance, the promotion of a sustainable environment, upholding social welfare, and the enhancement of corporate sustainability information disclosure. The principles of a green environment, social prosperity, and strengthened corporate governance, form the main framework for Chroma's pursuit of profit growth. Chroma has formulated five sustainability goals.
ESG Sustainable Development
To fulfill corporate social responsibility and implement sustainable management, Chroma ATE Inc. has established an ESG Sustainable Management Office and formed the Chroma ESG Working Group, with the Senior Vice President of the Administration Management Center serving as Director. This working group integrates seven functional teams (including business management, social engagement, supply chain, labor rights, sustainable environment, technological innovation, and market and customer management teams) responsible for the planning and execution of corporate social responsibility.
To strengthen its focus on climate change issues, the Board of Directors of the Company has appointed a director-level officer responsible for climate change issues, supervising the Company's climate change strategies and targets, managing climate change risk and opportunity actions, and monitoring the implementation of sustainability goals. In 2024, the ESG Office reported on the operations and outcomes of sustainable development to the Board of Directors on April 30 and October 31. The Board of Directors evaluates the reports and, based on the progress of implementation, urges the ESG Office to make adjustments as needed. The report includes:
- Results of material topic assessment and corresponding action plans.
- Sustainability roadmap and issue implementation timeline planning.
- Use of renewable energy and acceleration of net-zero targets.
- Risk management organization and scope of identification planning.
