Sustainable Supply Chain

Management of Sustainable Supply Chain

PLANET is committed to building a sustainable supply chain, including responsible supply chain and green supply chain. The Company has set up an operation team for sustainable development of supply chain under its Sustainability Team. Through economic, environmental and social risk assessment and auditing, the company ensures that its suppliers fulfill their corporate social responsibility, so that the company can strengthen the resilience of supply chain, reduce operational risks and create a sustainable value chain.

Responsible Supply Chain

PLANET set its annual strategies and plans to continuously improve responsible supply chain management in accordance with the aforesaid supply chain policies. In 2022, RBA code of conduct was integrated into PLANET’s supply chain management and auditing. In 2023, the Company proactively leaded the supply chain to conduct a carbon inventory, comprehensively find out how its suppliers response to carbon issues, and further set up the goals and measures of carbon emissions reduction of the supply chain.

◾ The Supply Chain Code of Conduct

Sincerity, honesty and integrity are the primary criteria for the company to select new suppliers. PLANET has integrated RBA code of conduct into the traditional supply chain management, and formulated the company's supply chain code of conduct, which requires suppliers to comply with local laws and regulations and the company's supply chain code of conduct. PLANET takes labor rights, environmental protection, safety and health, ethics and management system as assessment items in supplier selection and auditing. Based on the results of the assessments, the company develops measures to assist suppliers to make continuous improvement, hoping to promote the effectiveness of responsible supply chain management and reduce operational risks, and establish partnership that facilitate sustainable growth.

To ensure the continuous operation of PLANET’s responsible supply chain and green supply chain, all its suppliers, excluding spot traders, are required to abide by the “Declaration of Compliance with Supply Chain Code of Conduct”, which includes the “Supply Chain Code of Conduct”, the “Environmental Protection Specification for Green Products” and the “Responsible Mineral Procurement Policy”.

◾ Localized Supply Chain

PLANET constantly improves its green procurement standards and management systems. The company implements local procurement policies in order to support industrial development and technology innovation in Taiwan. PLANET's production base is located in Taiwan, and 81.86% of its product parts suppliers are mainly distributed in Taiwan in 2023, an increase of 3.98% compared to 2022. On the other hand, the proportion of local procurement amount in Taiwan accounted for 69.98% of total procurement amount in 2023, an increase of 8.48% compared to 2022.

Responsible Minerals Sourcing

PLANET is committed to refraining from the use of metals from conflict mines. Conflict minerals refer to resources minded using fuel forced labor and other human rights abuses or minerals trade used to finance armed groups. Rather than buying raw materials directly from smelters or refineries, PLANET buys components that do not contain conflict minerals. As part of its corporate social responsibility, PLANET prohibits the purchase of minerals from conflict zones and other high-risk areas in and around the Democratic Republic of The Congo. At the same time, all its suppliers must comply with PLANET’s Responsible Mineral Procurement Policy to avoid human rights disasters and to reduce supply chain management risks.

✔ 100% suppliers have signed the “Declaration of Responsible Minerals Sourcing” in 2023

✔ 100% compliance rate of supply chain responsible minerals in 2023

◾ Responsible Mineral Procurement Policy

PLANET and its suppliers must fulfill their social and environmental responsibilities.
PLANET and its suppliers must ensure the absence of "conflict minerals” from Congo and the surrounding countries and regions in their products.
PLANET and its suppliers must trace sources of all Gold (Au), Tantalum (Ta), Tin (Sn), Tungsten (W), Cobalt (Co), and Mica and other sources of responsible minerals published in the Responsible Minerals Initiative (RMI) in all products. At the same time, all suppliers should complete the Responsible Minerals Information Collection Form to confirm sources of related minerals and should use a list of RMI compliant smelters/refineries to avoid mines directly or indirectly financing armed groups in conflict-affected regions or mines in regions involved in human rights violations.
No purchase of conflict metals produced in conflict areas, but non-conflict minerals from other regions do not need to be boycotted.
PLANET and its suppliers should communicate the above requirement to their upstream suppliers.

Green Supply Chain Management Platform

PLANET sets up “green supply chain management system” to ensure that all our products are manufactured with least impact to our environment. PLANET has also established a "green supply chain management platform", cooperating with our suppliers to manage green products and carbon footprint in order to move towards a sustainable green supply chain.

In 2021, evaluation of "Green Supply Chain Management Platform".
In 2022, establishment of "Green Product Management Platform".
In 2023, establishment of "Green Supply Chain Management Platform" including carbon management.