PSA Chairman Anthony Chiao
Value Key Stakeholders, Make ESG as PSA’s DNA!
Over the past year, despite global economic and trade fluctuations, monetary policy changes, and geopolitical conflicts, PSA still grows steadily and even expands our enterprises gradually. Till 2023, we have grown into an international group with eleven listed companies, approximately 36,000 employees, and the total revenue is close to NT$ 105 billion. Shareholder’s support and colleagues' efforts are both important growth key, we value “Shareholder Value, Employee Well-being, and Social Responsibility are Equally Important.” which is listed in our seven major business philosophy principles. We hope that while the company is profitable and shareholders receive reasonable remuneration, we can further fulfill corporate social responsibility, create a high-quality working environment with colleagues, strengthen operating performance, then give back to shareholders and society to create a sustainable group. We continue to take action on ESG (Environmental, Social, Governance) to build a solid foundation for the group's sustainable development.
In environmental protection, Prosperity Dielectrics Co., Ltd. keeps taking action in environmental-friendly products and supplier management. We strictly abide by international environmental protection laws, develop environmental-friendly products that comply with international environmental standards, and obtain QC080000 hazardous substance management system certification to provide hazardous substance-free products that comply with international regulations and standards. In 2023, we participated in the investment of Hannstar Board New Energy Corporation focusing on the development, construction, and operation of renewable energy projects, as well as the installation of energy storage equipment. We aim to increase the proportion of renewable energy usage. We introduce the concept of green citizenship from top to bottom, implement local procurement policies, pay attention to supplier quality, and we screens, evaluates, and manages suppliers in accordance with the provisions of the "Supplier Management Guidelines." to ensure that materials are non-conflict minerals, and pay attention to the labor rights of suppliers and contractors.
In social responsibility and employee benefits, PSA refers to relevant human resources codes of conduct and regulations; we establish systematic human rights regulations and policies for human rights, employment relationship, salary, training, promotion, retirement, etc. Starting from the aspects of cultivating talents, retaining talents, communication, and living assistance, it demonstrates caring for employees and valuing talents, in order to lead the group companies to become social enterprises.
We value employees’ health and occupational safety, comply with occupational health and safety regulations, conduct regular health and safety training to all employees, create a smoke-free and pregnant-friendly working environment, provide health checks, set up health-care stops in each plant.
In terms of nurturing and retaining talent, as the group moves towards globalization, we open up overseas applications for staff and continue to nurture local talents at various operating locations, which increase operational efficiency and growth momentum. At present, a considerable proportion of management team comes from local talents. In addition, we design annual training courses and set up an online learning system, which provide employees with convenient and efficient learning tools to enhance self-growth and industrial competitiveness. We can early train young talents in different categories. We also plan a complete performance and function evaluation, refers to the reasonable salary level of the talent market, and implement a dividend and incentive bonus system in accordance with the annual assessment performance of employees, so that employees can work with peace of mind, continue contributing talents, and grow with the company.
In order to achieve transparent communication, group companies have established mechanisms including proposal systems and suggestion boxes, which help knowing colleagues' suggestions and timely response, and promote horizontal communication within the company.
PSA Charity Foundation, which is also attached to the group, has a unique employee assistance program ‘’EAP (Employee Assistance Program)’’. Professional experts provide employees with confidential and specialized advisory services, assisting colleagues with issues related to work, mental and emotional well-being, stress, health, family, finances, and legal matters. In addition, we also conduct interviews with new employees through the "Qingyutang" to help them quickly adapt to the company's culture, which solve emotional problems that affect employees’ working performance. At present, there are more than 7,500 employees join in the official Line account, which can help solve employees’ problem by private and bilateral communicate. Till 2023, 383 care management and stress relief courses have been completed, 53 courses are completed in 2023. 552 employee care interviews have been completed from 2020 to 2023, total 4,754 employees have benefited from it.
Continuing the concept of giving back to the society, PSA Charity Foundation continues devoting to five major services, including hearing health care services, volunteering services, children’s reading, short-term breaks for caregivers, and friendly workplaces. Up to now, the Foundation has donated over NT$100 million, mobilized 5,500 manpower, funded 300 hearing aid subsidy cases, over NT$10 million donation, recruited 3,500 volunteer, offered hearing health care to over 25,000 seniors, provided free hearing aids bank service to over 2,250 hearing-impaired people, and relieved for more than 1,000 caregivers through stress-relief courses. It is the foundation that conducts the most hearing care in community care centers in Taiwan. Furthermore, there are 4,449 classes, 86,558 elementary and junior high school students in Pingtung and Taoyuan have benefited from taking part in sponsored courses for reading Mandarin newspaper. We hope that through continuous adherence to the promotion of ESG concept, more people will feel its importance and raise awareness.
Colleagues in PSA group also set up public welfare organization called the "Ci-Hui Society,"spontaneously to care for rural schools and children with insufficient resources, such as providing long-term transportation vehicles, class assistance and talent learning, additional nutrition for school lunches, computer equipment, and English language materials.
In terms of corporate governance and shareholder value, we believe that good financial performance, healthy cash flow, sustained growth of operating income and profitability are important keys to a company’s sustainable operation. The quality of financial performance even affects the value of the company’s investment. Therefore PSA puts forward a clear quantitative financial performance target, enhances shareholders and investors' confidence in the long-term investment value of the group and a good return on shareholder equity, which can create higher economic value to shareholders, investors, employees, and partners in a long-term.
Companies under PSA group continue to carry out many actions on business performance,
green products and environmental protection, including:
Occupational Health and Safety Policy
Comply with occupational health and safety regulations, conduct regular health and safety training to all employees, and continuously improve management and effectiveness.
Employee health
Create a smoke-free and pregnant-friendly working environment, provide health checks, set health-care stops in each plant, which obtains the highest certification of a healthy working environment.
Environmental protection and green products
Strictly abide by environmental protection regulations, actively develop green energy products that comply with international environmental regulations to customers, and have obtained multiple certifications.
As a role in the supply chain, we will continuously make ESG as PSA’s DNA, hope this spirit could be put into practice in more aspects, and create a sustainable future with all stakeholders.
