BenQ Materials's sustainability strategy is based on sound corporate governance, balanced stakeholder interests, the protection of the global environment, and a commitment to social engagement. BenQ Materials has an ESG Sustainability Committee that oversees and implements the promotion and target setting of the program. The committee consists of five functional groups, with the CEO serving as the chairman and senior executives at the associate level or above acting as the convenor. Goals are set in the areas of sustainable materials and green product development, green production, corporate governance and compliance, as well as social engagement and employee care. The committee holds regular quarterly meetings to review the progress, target setting, and implementation results of each project group.
How the ESG Committee works
Sustainable Governance Report to the Board
BenQ Materials has established an ESG Sustainability Committee, with the Board of Directors responsible for overseeing the company's ESG strategies and performance. The committee is required to report to the Board at least once annually on sustainability achievements and future plans. The Board provides supervision and strategic guidance accordingly
In 2024, the Board of Directors focused on the following ESG-related oversight and recommendations:
• Reviewed the company's 2023 ESG performance, assessed progress toward sustainability goals, and provided improvement suggestions (Board meeting held on May 6, 2024)
• Accelerated the development of Scope 3 GHG data collection mechanisms, to align ESG targets with international standards
• Monitored the implementation of green electricity procurement plans, to ensure on-track progress toward the RE100 target of 100% renewable energy by 2040
• Reviewed and approved the 2023 Sustainability Report, aiming to enhance disclosure quality and information transparency (Board approval granted on August 1, 2024)
