Compeq Archives - SustainCase - Sustainability Magazine Insights on how you can protect the environment, maintain and increase the value of your company, through a structured CSR/Sustainability process with the use of the GRI Standards. Learn how Today's Best-Run Companies are achieving Economic, Social, and Environmental Success - and How You Can Too... Mon, 08 May 2023 11:17:24 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 Case study: How Compeq creates economic value for its stakeholders https://sustaincase.com/case-study-how-compeq-creates-economic-value-for-its-stakeholders/ Mon, 08 May 2023 05:57:46 +0000 https://sustaincase.com/?p=17756 Headquartered in Luzhu Plant, Taoyuan, Taiwan, Compeq is a company that manufactures printed circuit boards (PCBs), the key component for containing all electronic components and interconnecting the signals of electronics. This case study is based on the 2020 Sustainability Report by Compeq, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing. Abstract Compeq seeks, through its operations […]

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]]> Headquartered in Luzhu Plant, Taoyuan, Taiwan, Compeq is a company that manufactures printed circuit boards (PCBs), the key component for containing all electronic components and interconnecting the signals of electronics. Generating sustainable value for its employees and all other stakeholders, is a top priority for Compeq.  Tweet This!

This case study is based on the 2020 Sustainability Report by Compeq, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Abstract

Compeq seeks, through its operations and technological capacity, to create long-term economic value for a wide range of stakeholders. In order to create economic value for its stakeholders Compeq took action to:

  • create economic value for employees
  • create economic value for the government
  • create economic value for shareholders

What are the material issues the company has identified?

In its 2020 Sustainability Report Compeq identified a range of material issues, such as employment, environmental compliance, labour relations, emissions, customer privacy. Among these, creating economic value for its stakeholders stands out as a key material issue for Compeq.

Stakeholder engagement in accordance with the GRI Standards

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The reporting organization shall identify its stakeholders, and explain how it has responded to their reasonable expectations and interests.”

Stakeholders must be consulted in the process s of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups Compeq engages with:

Stakeholder Group                Method of engagement
Employees

 

 ·      Town Hall Meeting

·      Communication hotline, suggestion box, and email

·      Internal/External Website

·      MEMO and weekly assembly

·      Corporate Social Responsibility Questionnaire
Union

 

 

 ·      Union Directors and Supervisors

·      General Meeting of Labour Representatives

·      Labour-Management Meeting

·      Corporate Social Responsibility Questionnaire
Customers

 

 ·      Email

·      Corporate Website

·      Customer Satisfaction Survey

·      Customer Audit

·      Corporate Social Responsibility Questionnaire
Suppliers/ Contractors

 

 ·      Email

·      Monthly supplier/contractor review meeting

·      Annual self-assessment questionnaire, audit, and rating of suppliers/contractors

·      Corporate Social Responsibility Questionnaire
Investors (Shareholders)

 

               General shareholders:

·      Shareholders Meeting

·      Annual Report

·      Information Publication

·      Website

·      Corporate Social Responsibility Questionnaire

Institutional investors:

·      Company Visit

·      Seminar

·      Corporate Social Responsibility Questionnaire
Government authorities ·      Correspondence of official documents

·      On-site interviews and inspections by competent authorities

·      Corporate Social Responsibility Questionnaire
NGOs ·      Email

·      Corporate Social Responsibility Questionnaire

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Compeq engaged with its stakeholders through online surveys or paper questionnaires, and collected a total of 422 valid responses (a response rate of about 54%).

What actions were taken by Compeq to create economic value for its stakeholders?

In its 2020 Sustainability Report Compeq reports that it took the following actions for creating economic value for its stakeholders:

  • Creating economic value for employees
  • In 2020, Compeq paid NT$9.58 billion for employee benefits (including salary/labour insurance and NHI/pension/others).
  • Creating economic value for the government
  • In 2020, Compeq paid NT$1.59 billion in income tax.
  • Creating economic value for shareholders
  • In 2020, Compeq’s earnings per share were NT$3.91, with a cash dividend of NT$1.5.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standard addressed in this case is: Disclosure 201-1 Direct economic value generated and distributed

Disclosure 201-1 Direct economic value generated and distributed corresponds to:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.



FBRH GRI Standards Certified & ISEP recognised Sustainability Course | Venue: London LSE

By registering for the next 2-day FBRH GRI Standards Certified & ISEP recognised course you will be taking the first step in gaining the many benefits of sustainability reporting.

Most importantly, you will gain the knowledge to use the GRI Standards, project manage your own first-class sustainability report and:

  • Identify your most important impacts on the Environment, Economy and Society
  • Begin taking solid, focused, all-round sustainability action ASAP

 

References:

This case study is based on published information by Compeq, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:

https://www.compeq.com.tw/doc/ent_csr/2fb2f6dc-ddf6-11eb-89fb-005056a9caf8/20220624_152837_en.pdf

Note to Compeq: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Compeq creates economic value for its stakeholders appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Compeq promotes sustainability among its suppliers https://sustaincase.com/case-study-how-compeq-promotes-sustainability-among-its-suppliers/ Thu, 28 Jul 2022 08:00:14 +0000 https://ccprowebs.com/new-sustaincase.com/?p=13916 Headquartered in Luzhu Plant, Taoyuan, Taiwan, Compeq engages in the manufacture of printed circuit boards (PCBs), the key component for containing all electronic components and interconnecting the signals of electronics. , improve health and safety, protect the environment, and value human rights, so as to build a steadily growing sustainable supply chain. This case study is based on the 2020 Sustainability Report by Compeq, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a […]

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]]> Headquartered in Luzhu Plant, Taoyuan, Taiwan, Compeq engages in the manufacture of printed circuit boards (PCBs), the key component for containing all electronic components and interconnecting the signals of electronics. Compeq is committed to developing a long-term cooperation with its suppliers, urging suppliers to meet CSR standards  Tweet This!, improve health and safety, protect the environment, and value human rights, so as to build a steadily growing sustainable supply chain.

This case study is based on the 2020 Sustainability Report by Compeq, prepared in accordance with the GRI Standards, that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Abstract

Compeq adds labour, industrial safety, environmental and ethical considerations to its supplier evaluation and encourages suppliers to comply with CSR-related regulations through self-assessments, so as to effectively promote sustainability principles across its supply chain. In order to promote sustainability among its suppliers Compeq took action to:

  • evaluate suppliers
  • audit suppliers

What are the material issues the company has identified?

In its 2020 Sustainability Report Compeq identified a range of material issues, such as economic performance, environmental compliance, labour relations, customer privacy. Among these, promoting sustainability among its suppliers stands out as a key material issue for Compeq.

Stakeholder engagement in accordance with the GRI Standards

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The organization should identify its stakeholders, and explain how it has responded to their reasonable expectations.”

Stakeholders must be consulted in the process s of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups Compeq engages with:

Stakeholder Group                Method of engagement
Employees

 

 ·      Town Hall Meeting

·      Communication hotline, suggestion box, and email

·      Internal/External Website

·      MEMO and weekly assembly

·      Corporate Social Responsibility Questionnaire
Union

 

 

 ·      Union Directors and Supervisors

·      General Meeting of Labour Representatives

·      Labour-Management Meeting

·      Corporate Social Responsibility Questionnaire
Customers

 

 ·      Email

·      Corporate Website

·      Customer Satisfaction Survey

·      Customer Audit

·      Corporate Social Responsibility Questionnaire
Suppliers/ Contractors

 

 ·      Email

·      Monthly supplier/contractor review meeting

·      Annual self-assessment questionnaire, audit, and rating of suppliers/contractors

·      Corporate Social Responsibility Questionnaire
Investors (Shareholders)

 

               General shareholders:

·      Shareholders Meeting

·      Annual Report

·      Information Publication

·      Website

·      Corporate Social Responsibility Questionnaire

Institutional investors:

·      Company Visit

·      Seminar

·      Corporate Social Responsibility Questionnaire
Government authorities ·      Correspondence of official documents

·      On-site interviews and inspections by competent authorities

·      Corporate Social Responsibility Questionnaire
NGOs ·      Email

·      Corporate Social Responsibility Questionnaire

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Compeq engaged with its stakeholders through online surveys or paper questionnaires, collecting a total of 422 valid responses (a response rate of about 54%).

What actions were taken by Compeq to promote sustainability among its suppliers?

In its 2020 Sustainability Report Compeq reports that it took the following actions for promoting sustainability among its suppliers:

  • Evaluating suppliers
  • Compeq has established a comprehensive assessment mechanism for both new and current suppliers. First, it requests all suppliers to sign the “Compeq CSR Undertaking” and other relevant documents. Second, it uses different methods to evaluate different types of suppliers, issuing an audit notice to inform the supplier of the scope of audit. The audit scope covers social and environmental aspects, and the audit team will conduct the audit. At the end of each year, Compeq classifies current suppliers by CSR risk level (social and environmental aspects) into three levels: high, medium, and low. Low-risk suppliers will be checked if they have signed the Compeq CSR Undertaking. Medium-risk suppliers will be requested to fill in the Compeq CSR Self-Assessment Form. in addition to signing the Compeq CSR Undertaking, only suppliers with a score of over 80 points in the self-assessment will become qualified suppliers. High-risk suppliers will need to receive an onsite evaluation performed by Compeq’s CSR team in addition to signing the Compeq CSR Undertaking and receiving a score over 80 points in the self-assessment.
  • Auditing suppliers
  • In 2020, Compeq conducted onsite audits covering labour practices, health and safety, environment, ethics, and management system on 119 grade A suppliers, including materials suppliers, waste disposal contractors, and dispatched labour/foreign worker agencies in the high-risk group. Nonconformities found in the 2020 supply chain audit include the following:
    • In terms of labour practices, “recruitment discrimination”, “absence of grievance procedures”, and “violation of working hours” were the major nonconformities found in 2020.
    • In health and safety, ineffective implementation, absence of translation of hazard signs for foreign workers, and absence of periodic risk assessment in some plants were the nonconformities found in 2020.
  • Apart from requesting suppliers to propose corrective actions, Compeq will conduct a second audit where necessary to make sure all audited nonconformities are improved.

 Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standards addressed in this case are:

1) Disclosure 308-1 New suppliers that were screened using environmental criteria

2) Disclosure 308-2 Negative environmental impacts in the supply chain and actions taken

3) Disclosure 414-1 New suppliers that were screened using social criteria

4) Disclosure 414-2 Negative social impacts in the supply chain and actions taken

 

Disclosure 308-1 New suppliers that were screened using environmental criteria does not correspond to any SDG.

Disclosure 308-2 Negative environmental impacts in the supply chain and actions taken does not correspond to any SDG.

Disclosure 414-1 New suppliers that were screened using social criteria corresponds to:

Disclosure 414-2 Negative social impacts in the supply chain and actions taken corresponds to:

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.
References:

This case study is based on published information by Compeq, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original please revert to the following link:

http://www.compeq.com.tw/doc/ent_csr/2fb2f6dc-ddf6-11eb-89fb-005056a9caf8/20220106_083002_cn.pdf

Note to Compeq: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Compeq promotes sustainability among its suppliers appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Compeq promotes labour-management relations https://sustaincase.com/case-study-how-compeq-promotes-labour-management-relations/ Mon, 15 Jul 2019 06:37:21 +0000 https://ccprowebs.com/new-sustaincase.com/?p=9879 Compeq is a global leader in technology research and development and the first specialised printed-circuit board (PCB) manufacturing company in Taiwan to support the government in developing the high-tech industry. Employees are one of Compeq’s most important assets and having a dialogue with them in the hope of understanding their needs and opinions, through various communication channels, is a top priority for Compeq. This case study is based on the 2016 Corporate Social Responsibility Report by Compeq published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate […]

The post Case study: How Compeq promotes labour-management relations appeared first on SustainCase - Sustainability Magazine.

]]> Compeq is a global leader in technology research and development and the first specialised printed-circuit board (PCB) manufacturing company in Taiwan to support the government in developing the high-tech industry. Employees are one of Compeq’s most important assets and having a dialogue with them in the hope of understanding their needs and opinions, through various communication channels, is a top priority for Compeq.

This case study is based on the 2016 Corporate Social Responsibility Report by Compeq published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ ESG/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Abstract

With approximately 18,000 employees worldwide, promoting labour-management communication and cooperation is highly important for Compeq  Tweet This!, not least for optimising key policies and practices. In order to promote labour-management relations Compeq took action to:

  • support employees’ freedom of association
  • provide communication channels
  • build a friendly workplace

What are the material issues the company has identified?

In its 2016 Corporate Social Responsibility Report Compeq identified a range of material issues, such as employee recruitment and retention, occupational health and safety, economic performance, effluents and waste, market presence. Among these, promoting labour-management relations stands out as a key material issue for Compeq.

Stakeholder engagement in accordance with the GRI Standards

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The organization should identify its stakeholders, and explain how it has responded to their reasonable expectations.”

Stakeholders must be consulted in the process s of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups Compeq engages with:

Stakeholder Group                Method of engagement
Employees

 

 ·      Employee conference

·      Communication hotline, suggestion box, and email

·      Intranet and extranet

·      Memo/weekly assembly announcements

·      Corporate Social Responsibility Questionnaire
Union

 

 

 ·      Union Directors and Supervisors

·      Labor Union Congress

·      Employer-Employee Meeting

·      Corporate Social Responsibility Questionnaire
Customer

 

 ·      Email

·      Extranet

·      Customer Satisfaction Questionnaire

·      Client Audit

·      Corporate Social Responsibility Questionnaire
Supplier

 

 ·      Email

·      Supplier Monthly Review Meeting

·      Supplier annual audit and review

·      Corporate Social Responsibility Questionnaire
Investor (Shareholder)

 

               General shareholders:

·      Shareholders Meeting

·      Annual Report

·      Information Publication

·      Website

·      Corporate Social Responsibility Questionnaire

Institutional investors:

·      Company Visit

·      Seminar

·      Corporate Social Responsibility Questionnaire
Government authorities ·      Correspondence of official documents

·      On-site interview and inspection by competent authority

·      Corporate Social Responsibility Questionnaire
Media ·      Press conference

·      Press release

·      Corporate Social Responsibility Questionnaire
Local communities ·      Local community organisation

·      School

·      Corporate Social Responsibility Questionnaire

How stakeholder engagement was made to identify material issues

To identify and prioritise material topics Compeq engaged with its stakeholders through a survey. Out of a total of 485 copies of the survey questionnaire that were distributed, 256 were collected, representing a response rate of 53%.

What actions were taken by Compeq to promote labour-management relations?

In its 2016 Corporate Social Responsibility Report Compeq reports that it took the following actions for promoting labour-management relations:

  • Supporting employees’ freedom of association
  • Compeq respects the rights of employees bestowed by law and has never inhibited employees’ freedom of association. In 2016, all employees joined the labour union. The labour union holds a meeting bimonthly or a provisional team leader meeting, as necessary. The union also holds a general meeting of its members every year. A board meeting is held monthly or whenever necessary. Team leader meetings take place on an ad hoc basis, to communicate organisational policies and union policies to members and collect their opinions. Employee concerns are reviewed and discussed by labour representatives and management representatives, so effective responses can be proposed. The meeting minutes are also published internally, to inform employees of the actions to be taken for every issue. Labour-management meetings are held on a regular basis, for management and labour representatives to review and discuss issues that concern employees and propose practical measures. Weekly and monthly meetings are regularly organised to inform employees of the company’s business direction and accomplishments, and important announcements are emailed as memos to all employees or announced during shift changes for on-site workers.
  • Providing communication channels
  • Compeq values having a dialogue with employees, to understand their needs and opinions, through various communication channels. Accordingly, Compeq has established diversified internal grievance and communication channels and releases memos every month to encourage employees to use various communication channels. These channels include “direct communication with supervisors”, “direct communication with the HR unit/HR head”, “employee suggestion box”, “email”, “grievance hotline”, and “seminar”. In Taiwan, Compeq translates memos into the languages of foreign workers and posts them in each plant and the shoe changing area, to achieve barrier-free communication with employees. The scope of CSR grievances covers labour practices, industrial safety, and environmental safety.
  • Building a friendly workplace
  • Since 2015, Compeq started holding quarterly meetings for building a harmonious and friendly work environment. Attendees include the parties involved and supervisors or management staff of the general affairs unit, industrial safety unit, and the Employee Welfare Committee (EWC). Compeq also requests all function owners to make quarterly suggestions or proposals for improving working conditions or employee benefits. Improvement policies proposed in 2016 included employee relations training courses for supervisors, monthly health topic sharing, and breastfeeding room environment optimisation.

Which GRI Standards and corresponding Sustainable Development Goals (SDGs) have been addressed?

The GRI Standard addressed in this case is: Disclosure 402-1 Minimum notice periods regarding operational changes

Disclosure 402-1 Minimum notice periods regarding operational changes corresponds to:

  • Sustainable Development Goal (SDG) 8: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
  • Business theme: Labor/management relations

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.

 

References:

1) This case study is based on published information by Compeq, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original, please revert to the original on the Global Reporting Initiative’s Sustainability Disclosure Database at the link:

http://database.globalreporting.org/

2) http://www.fbrh.co.uk/en/global-reporting-initiative-gri-g4-guidelines-download-page

3) https://g4.globalreporting.org/Pages/default.aspx

4) https://www.globalreporting.org/standards/gri-standards-download-center/

Note to Compeq: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

The post Case study: How Compeq promotes labour-management relations appeared first on SustainCase - Sustainability Magazine.

]]> Case study: How Compeq attracts and retains talented professionals https://sustaincase.com/case-study-how-compeq-attracts-and-retains-talented-professionals/ Wed, 04 Jul 2018 09:14:11 +0000 https://ccprowebs.com/new-sustaincase.com/?p=7035 As a global leader in technology research and development and as the first specialized printed-circuit board (PCB) manufacturing company in Taiwan to support the government in developing the high-tech industry, with approximately 18,000 employees worldwide, . This case study is based on the 2016 Corporate Social Responsibility Report by Compeq published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and […]

The post Case study: How Compeq attracts and retains talented professionals appeared first on SustainCase - Sustainability Magazine.

]]>

As a global leader in technology research and development and as the first specialized printed-circuit board (PCB) manufacturing company in Taiwan to support the government in developing the high-tech industry, with approximately 18,000 employees worldwide, attracting and retaining top talent is a key priority for Compeq  Tweet This!.

This case study is based on the 2016 Corporate Social Responsibility Report by Compeq published on the Global Reporting Initiative Sustainability Disclosure Database that can be found at this link. Through all case studies we aim to demonstrate what CSR/ sustainability reporting done responsibly means. Essentially, it means: a) identifying a company’s most important impacts on the environment, economy and society, and b) measuring, managing and changing.

Abstract

Layout 1

Abstract

Employees are Compeq’s most valuable asset and a key to building the company’s competitive advantage. In order to attract and retain talented professionals Compeq took action to:

  • promote diversity and equal opportunity
  • guarantee fair and competitive wages
  • offer employee benefits

What are the material issues the company has identified?

In its 2016 Corporate Social Responsibility Report Compeq identified a range of material issues, such as economic performance, effluents and waste, occupational health and safety, market presence, environmental compliance. Among these, attracting and retaining talented professionals stands out as a key material issue for Compeq.

Stakeholder engagement in accordance with the GRI Standards

The Global Reporting Initiative (GRI) defines the Principle of Stakeholder Inclusiveness when identifying material issues (or a company’s most important impacts) as follows:

“The organization should identify its stakeholders, and explain how it has responded to their reasonable expectations.”

Stakeholders must be consulted in the process s of identifying a company’s most important impacts and their reasonable expectations and interests must be taken into account. This is an important cornerstone for CSR / sustainability reporting done responsibly.

Key stakeholder groups Compeq engages with:

Stakeholder Group                Method of engagement
Employees

 

 ·         Employee conference

·         Communication hotline, suggestion box, and email

·         Intranet and extranet

·         Memo/weekly assembly announcements

·         Corporate Social Responsibility Questionnaire
Union

 

 

 ·         Union Directors and Supervisors

·         Labor Union Congress

·         Employer-Employee Meeting

·         Corporate Social Responsibility Questionnaire
Customer

 

 ·         Email

·         Extranet

·         Customer Satisfaction Questionnaire

·         Client Audit

·         Corporate Social Responsibility Questionnaire
Supplier

 

 ·         Email

·         Supplier Monthly Review Meeting

·         Supplier annual audit and review

·         Corporate Social Responsibility Questionnaire
Investor (Shareholder)

 

 General shareholders:

·         Shareholders Meeting

·         Annual Report

·         Information Publication

·         Website

·         Corporate Social Responsibility Questionnaire

Institutional investors:

·         Company Visit

·         Seminar

·         Corporate Social Responsibility Questionnaire
Government authorities ·         Correspondence of official documents

·         On-site interview and inspection by competent authority

·         Corporate Social Responsibility Questionnaire
Media ·         Press conference

·         Press release

·         Corporate Social Responsibility Questionnaire
Local communities ·         Local community organization

·         School

·         Corporate Social Responsibility Questionnaire

How stakeholder engagement was made to identify material issues

To identify and prioritize material topics Compeq distributed a questionnaire to the company’s eight stakeholder groups. Out of a total of 485 copies of the questionnaire distributed, 256 were collected – a response rate of 53%.

What actions were taken by Compeq to attract and retain talented professionals?

In its 2016 Corporate Social Responsibility Report Compeq reports that it took the following actions for attracting and retaining talented professionals:

  • Promoting diversity and equal opportunity
  • Compeq recruits eligible talents through fair and impartial recruitment procedures, without discrimination. In addition, in the company’s Taiwan plants, besides hiring people with disabilities at a proportion that follows the government’s incentive requirements, Compeq employs indigenous peoples. In China, Compeq hires minority groups, such as Tujia, Zhuang, Miao, Yi and other minority ethnic groups.
  • Guaranteeing fair and competitive wages
  • Compeq’s salary system is characterized by external competitiveness and internal fairness. The start pay is determined by educational attainment and work experience, regardless of race, ethnicity or social background, protected genetic information, religion, disability, gender, sexual orientation, marital status, union membership, political affiliation or age. Additionally, through a fair and reasonable promotion and transfer system, Compeq minimizes employee turnover and has also established a competitive wage system in the market to retain talents.
  • Offering employee benefits
  • Compeq provides employees with various benefits covering food, clothing, housing, transportation, education and entertainment. All plants provide free meals and air‐conditioned dormitories with sports and recreational spaces, with facilities that include a pool ball, table tennis and fitness equipment. In addition, Compeq has established the Employee Welfare Committee (EWC) to arrange picnics, employee club subsidization, local and overseas tour subsidization and subsidization for wedding, funeral and childbirth.

Which GRI indicators/Standards have been addressed?

The GRI indicators/Standards addressed in this case are:

1) G4-EC3: Coverage of the organization’s defined benefit plan obligations – the updated GRI Standard is: Disclosure 201-3 Defined benefit plan obligations and other retirement plans

2) G4-EC5: Ratios of standard entry level wage by gender compared to local minimum wage at significant locations of operation – the updated GRI Standard is: Disclosure 202-1 Ratios of standard entry level wage by gender compared to local minimum wage

3) G4-LA2: Benefits provided to full-time employees that are not provided to temporary or part-time employees, by significant locations of operation – the updated GRI Standard is: Disclosure 401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees

4) G4-LA3: Return to work and retention rates after parental leave, by gender – the updated GRI Standard is: Disclosure 401-3 Parental leave

 

78% of the world’s 250 largest companies report in accordance with the GRI Standards

SustainCase was primarily created to demonstrate, through case studies, the importance of dealing with a company’s most important impacts in a structured way, with use of the GRI Standards. To show how today’s best-run companies are achieving economic, social and environmental success – and how you can too.

Research by well-recognised institutions is clearly proving that responsible companies can look to the future with optimism.

7 GRI sustainability disclosures get you started

Any size business can start taking sustainability action

GRI, ISEP, CPD Certified Sustainability courses (2-5 days): Live Online or Classroom  (venue: London School of Economics)

  • Exclusive FBRH template to begin reporting from day one
  • Identify your most important impacts on the Environment, Economy and People
  • Formulate in group exercises your plan for action. Begin taking solid, focused, all-round sustainability action ASAP. 
  • Benchmarking methodology to set you on a path of continuous improvement

See upcoming training dates.

 

References:

1) This case study is based on published information by Compeq, located at the link below. For the sake of readability, we did not use brackets or ellipses. However, we made sure that the extra or missing words did not change the report’s meaning. If you would like to quote these written sources from the original, please revert to the original on the Global Reporting Initiative’s Sustainability Disclosure Database at the link:

http://database.globalreporting.org/

2) http://www.fbrh.co.uk/en/global-reporting-initiative-gri-g4-guidelines-download-page

3) https://g4.globalreporting.org/Pages/default.aspx

4) https://www.globalreporting.org/standards/gri-standards-download-center/

Note to Compeq: With each case study we send out an email requesting a comment on this case study. If you have not received such an email please contact us.

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