Commitments to Sustainable Development
PLANET makes sustainable development a part of its core business strategy as well as the bedrock upon which its core values and corporate culture are based. The Company closely monitor economic, environmental and social issues across the world so as to optimize its corporate governance and fulfill its corporate commitments. At the same time, the Company constantly improves the level of its sustainable development to make its ESG practices reach the desired breadth and depth, to satisfy the investors (shareholders), employees, customers, suppliers, and other relevant stakeholders of the company. All these commitments and actions have created positive influence for the society in a long term and further enhanced the value of its brand. PLANET strongly believes that only enterprises embrace social responsibility for various aspects of society can secure the recognition of all stakeholders and realize sustainable development.
Corporate Vision and Mission
PLANET is committed to becoming the leading innovator of networking and communication products and solutions in the global market. Over the years, the Company, adhering to the principles of integrity and excellence, altruism and mutual benefits, innovation and sustainability, has been providing innovative and sustainable network and communications equipment and solutions to the market under its brand “PLANET”. At the same time, the Company actively improves its ESG performance, fulfills its corporate social responsibility, and creates sustainable corporate value.
ESG Blueprint
PLANET strongly focuses on meeting the Environmental, Social, and Governance (ESG) criteria to ensure sustainable investment, and proactively integrates the UN’s SDGs with its sustainable development. We will continue to fulfill our corporate social responsibility and strive for globally sustainable economic, social and environmental developments.
◾ Sustainability Policy
- Implementing sound corporate governance
Ensure the adherence to code of business ethics, the independence of the Board, transparent disclosure of financial information, protection of shareholders' interests, labor rights and fair competition, and ESG risk management. - Achieving highest level of corporate commitment
Committed to strategic partnerships with customers and suppliers, employees’ training and care, and R&D enhancements. - Striving for environmental sustainability
Promote recycling, energy savings and carbon reduction, green product development and manufacturing, and create a sustainable supply chain. - Social engagement to create long-term benefits
Apply core corporate competencies to realizing the long-term benefits of social engagement.
◾ Sustainability Commitments
- Maintain strong corporate governance and adhere to the law and business ethics
- Provide employees with a healthy and safe workplace
- Embrace employees’ working interests by fully developing their talents and capabilities
- Invest in the R&D of eco-friendly products with the notion of environmental protection and energy savings in order to achieve carbon neutrality
- Create a win-win partnership with customers and suppliers
- Provide transparent disclosure of financial information
- Create value and enhance shareholders’ interests
- Fulfill our role as a global corporate citizen by contributing to the community
Sustainability Units
◾ 【Management Level】Sustainable Development Committee
PLANET’s Sustainable Development Committee, a functional committee of the Board of Directors, is the company's top unit in charge of its sustainable development issues. The committee has five members, including four independent directors. The Committee sets the sustainability plans and goals of the Company after considering the global ESG topics, material issues for stakeholders and industrial development trends.
The Company takes a strategic, long-term approach to regularly review the accomplishment of goals and its performance. The Committee reports to the Board of Directors on the Company’s practices and performance of corporate sustainable development at least twice a year, with the aim to comprehensively optimizing its ESG policy and implementation performance.
◾ 【Operations Level】Sustainability Team．Sustainability Office
At the operational level, PLANET has a “Sustainability Team”, a cross-functional work group led by the Chief Sustainability Officer to implement sustainable policies and objectives, formulates sustainable development strategies and plans and executes these plans. On the other hand, the “Sustainability Office” is responsible for promoting the practices of sustainable plans and compile the results and performance in PLANET’s sustainability annual report. PLANET Sustainability Team reports to the Sustainable Development Committee of the Board at least twice a year on the implementation of the Company’s sustainable development plans and performance.
