Vtech 2013 Annual Report Download - page 24

22 VTech Holdings Ltd Annual Report 2013
Sustainability
1. Environmental
Protection
3. Sustainable
Operating
Practices
2. Workplace
Quality
5. Shareholder
Communications
4. Community
Investment
sustainability
strategy
Sustainability
Strategy
Since our establishment in 1976, VTech has grown into the
world’s largest manufacturer of cordless telephones, a leading
supplier of electronic learning products, and a major electronic
manufacturing services provider. As a global and sustainable
company, we are committed to designing, manufacturing and
supplying innovative and high quality products in a manner
that minimises environmental impacts, while fulfilling our
responsibility to, and providing value for our stakeholders and
the community.
We recognise that our sustainability depends on our capability
to establish and maintain the high standards of business and
ethical practices, as well as engagement with our stakeholders
including employees, customers, suppliers, business partners,
shareholders and the wider communities in which we operate.
VTech’s sustainability strategy focuses on the following five
key areas:
1. Environmental Protection – our environmental efforts help
us to design, manufacture and supply innovative and high
quality products in a cost effective and environmentally
friendly manner
2. Workplace Quality – our commitments to provide a
supportive, pleasant and healthy workplace for our
employees enable us to foster a stable and motivated
workforce
3. Sustainable Operating Practices – our efforts to achieve
highest levels of product quality and safety standards with
good corporate governance practices in place enable
VTech to provide high quality and safe products for our
customers and create value for our business partners
4. Community Investment – to use our skills and resources to
support the communities in which we operate
5. Shareholder Communications – to create value and sustain
long-term interests of the company and its shareholders
During the financial year 2013, we have stepped up our efforts
and investments in implementing our sustainability initiatives,
introducing a number of new and enhanced programs within
our operations. Performance against the established standards
will be reviewed by the Group’s Risk Management and
Sustainability Committee on a semi-annual basis.
Through the successful implementation of our sustainability
initiatives in the respective areas, we believe that our
shareholder and business values could be enhanced, and with
sustainable growth in shareholder returns on investment and
our business performance.
ENVIRONMENTAL
PROTECTION
VTech’s vision is to bring high quality and innovative products
to consumers around the world and enhance their lives. We
aim to do this in a way that respects the environment, and
continuously implement measures throughout our product life
cycle to reduce environmental impacts from our operations.
Product Design – we design for the
environment
Product Design, which is the beginning of our product life
cycle, is the stage where greatest environmental gains can
be achieved when we do it right. VTech’s goal on design for
the environment is to incorporate environmental solutions
into our product design to improve energy efficiency, reduce
carbon emissions and maintain high international safety and
environmental standards, making each new generation of
VTech products more energy efficient and environmentally
friendly.
An example of this approach is to reduce the number of
components in our products. This helps us to reduce material
use and eliminate some of the manufacturing processes
such as bonding and component insertion to save energy
consumption and material cost.
We also aim to reduce energy consumption for the users of
our products. For example, all VTech DECT cordless phones
delivered to the US market are fully Energy Star® certified.
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