Lite-On manufactures power supplies, consumer electronics, and optoelectronic products. Their Information Product division designs develops, produces, and sells notebook computers and desktop power supplies, while their Storage Product division creates storage components.
Lite-On offers various electric car charging equipment designed for public and workplace use. Additionally, the company supports social education programs as well as volunteer efforts.
Corporate Governance
Liteon technology corporation strives to develop its core competence and innovative solutions that satisfy consumer needs while upholding its values through sound corporate governance practices and compliance with applicable laws in each country it operates. To do this effectively and consistently.
To protect its employees’ rights, liteon technology corporation does not employ forced labor and allows its employees to terminate employment with reasonable notice. Furthermore, children are not used at this company, and any work involving hazardous materials or night work is forbidden. Moreover, they protect intellectual property rights and engage in any activities that conflict with social responsibility.
The internal Audit Unit at LITE-ON Group includes a full-time staff of auditors. In addition, TWSE/TPEx listed and public subsidiaries of Liteon are equipped with full-time staff for conducting audits at each company; such audits are reported back to LITE-ON’s Chief Auditors for review.
For maximum director independence, liteon technology corporation prioritizes selecting candidates with professional training and diverse backgrounds and creating an efficient nomination committee. Furthermore, an independent evaluation committee monitors the performance of its directors and executives and ensures a high degree of transparency in corporate governance.
To protect the long-term interests of its shareholders, liteon technology corporation maintains a compensation committee that monitors and assesses the remuneration of directors and executives. For greater objectivity and professionalism, members of this committee are selected as independent directors to serve on it.
To create a harmonious workplace, liteon technology corporation encourages employees to take the initiative when performing their work. Employee-management dialogues are held regularly, and a performance appraisals and incentives system is in place. Furthermore, the company observes local laws and international standards regarding workers’ rights, such as freedom of association, privacy protections, and forced or child labor prohibition.
Corporate Social Responsibility
As a responsible corporate citizen, LITEON pays attention to its business activities’ social and environmental effects. LITEON follows local laws and international standards concerning freedom of association, privacy protections, forced or compulsory labor bans, and child labor prohibition. Furthermore, according to UN Guiding Principles on Business and Human Rights, the company has created its Human Rights Policy. It also promotes employee whistleblower protection programs while safeguarding confidential personal information such as assessment results, health records, or work history.
LITEON has strengthened corporate governance functions about CSR by creating a Corporate Sustainability Committee under its Board of Directors. Comprised entirely of independent directors to ensure objectivity and professionalism without conflicts of interest, this committee sets annual CSR targets while simultaneously meeting short and long-term goals.
LITEON strives to cultivate an environment at its plants that is “passionate, motivating, innovative, and growing” by strengthening occupational health and safety management and implementing green production technologies that reduce electronic waste and carbon emissions. All its suppliers must sign the “Integrity Commitment Letter,” which guarantees no improper gain is offered or accepted in return for closing a deal or fulfilling contracts and no use of its reputation to influence any stakeholder improperly.
LITEON recognizes its supply chain as a critical aspect of its business and works to mitigate any intangible risks or potential damages to reduce intangible risks or possible damages that might occur along the way through its Sustainable Supply Chain Management (SSCM) program, which involves identification, prioritization, and validation processes. LITEON also has hotlines and email opinion letter boxes for employees reporting illegal or unethical issues and publicly discloses such incidents on its website.
LITEON’s efforts in CSR have earned it many awards. In 2020 alone, LITEON won seven of the Top 10 Domestic Companies Sustainability Model Awards; these included Manufacturing Industry Sustainability Award and Corporate Sustainability Report Platinum Award.
Environmental Policy
Liteon’s environmental policy is guided by minimizing waste and optimizing resource efficiency. The company seeks to control production waste effectively while producing nontoxic, easy-to-assemble/disassemble products with extended lives that reduce environmental impacts. Recycling waste material and reusing old equipment are standard measures Liteon takes, while water conservation measures such as installing quality conversion equipment help protect against water evaporation.
LITEON takes steps to enhance governance in terms of environmental and social sustainability. They established the Corporate Sustainability Committee, comprised of five independent directors directly under their Board of Directors, which sets annual CSR targets and monitors progress toward meeting those goals.
The company aims to improve risk management and information security governance by creating two function units with nine subcommittees, such as the RBA Code of Conduct Management Committee and the Green Product Design and Environmental Sustainability Subcommittee. These committees enable more refined sustainability regulations to be established and integrated into daily operations.
Regarding human rights, the company complies with local legislation in each country it operates in, seeks out international partnerships, and encourages employees to contribute towards community projects. Furthermore, an open communication channel keeps all employees updated about company policies and operations.
Employees are the backbone of any successful company, so their well-being benefits include medical and dental care, free meals, housing subsidies, education support assistance, and internship opportunities for students to gain invaluable working experience.
As for carbon reduction, the company is determined to meet its 2021 global targets by improving energy efficiency and cutting emissions from production. Furthermore, the company is exploring the financial repercussions associated with climate risks and devising measures to mitigate them – perhaps investing in renewable energy sources to offset their own emissions while helping customers meet their net-zero emission commitments.
Occupational Safety and Health
Liteon is dedicated to developing its supply chain by sustainable development principles. Through its Supplier Management guidelines, workplace safety is upheld along all supply chains; employee dignity and health are respected; environmental protection policies are adhered to; ethical codes are complied with; business activities contribute towards environmental preservation; while working responsibly and transparently with suppliers is prioritized.
The Company’s human rights policy is guided by the United Nations Guiding Principles on Business and Human Rights, as well as applicable laws and regulations, to safeguard workers who may have experienced violations and support local governments to implement effective measures for protecting worker dignity and promoting labor rights.
LITEON’s Image Input/Output line comprises end products and modules featuring energy-efficient color laser printing, feeder scanning, and 3D imaging technologies. This high-performance, green, intelligent solution simultaneously meets consumer and business needs. In addition, LITEON is developing all-in-one office machines as well as high-speed storage components.
LITEON recently expanded its solid-state drive (SSD) range with 2.5-inch form factors, offering lower power consumption, faster access speeds and durability compared to previous SSD offerings from them. They can now be found in various devices like mobile phones, tablets, and laptops; LITEON also has automotive backup camera solutions that offer excellent stability and clarity, making them compatible with most vehicles.
The Lite-On brand has become iconic thanks to its extensive product offering and longstanding market presence. Their product portfolio spans desktop computers and laptops, communication equipment and servers, LCD TV screens, and gaming consoles – among many others – and is widely popular with consumers. When you see Lite-On on your network, that indicates one of your home devices has been equipped with its technology. Moving forward, this company plans to create innovative energy-saving products promoting green lifestyles. As part of its efforts, it will attempt to build a value chain with sustainable advocacy partners that leads to positive operational performance and sustainable growth. It ultimately helps improve people’s quality of life by encouraging a green, healthy, and comfortable lifestyle.
