Vtech 2014 Annual Report Download - page 24

Since its inception in 1976, VTech has grown into the global
leader in electronic learning products from infancy to
preschool13, the world’s largest manufacturer of cordless
phones14, and a leading electronic manufacturing services
provider. As a global company and part of the communities
in which we operate, VTech recognises that we have to step
up our efforts to achieve sustainable development, with a
vision to design, manufacture and supply innovative and
high quality products in a manner that minimises any impact
on the environment, while creating sustainable value for our
stakeholders and the communities.
VTech published its first Sustainability Report for the financial
year 2013 (FY2013), included as a section in our Annual Report
2013. The purpose of the report is to inform our stakeholders
of our ongoing activities to conserve energy, protect the
environment and demonstrate the principles behind our
sustainability strategies.
With increasing interests of our stakeholders in our sustainable
development, we published our Sustainability Report for the
financial year 2014 (FY2014) to comprehensively introduce our
sustainability strategies and initiatives toward the societies and
environment in which we operate, and follow the Core option
of the Global Reporting Initiative Sustainability Reporting G4
Guideline (GRI G4 Guideline) and its principles to define the
report content.
We are pleased to announce that passing through the
FY2014, our approach and initiatives have become more
comprehensive and are generating meaningful benefits for our
stakeholders. Some of our major achievements are highlighted
in the Sustainability Report 2014, with a summary of the
activities and targets to be followed moving forward.
Full details of the VTech Sustainability Report 2014 are available
on www.vtech.com/en/about-vtech/sustainability.
13 Source: MarketWise Consumer Insights, LLC and Retail Tracking Service of NPD
Group. Ranking based on 2012 and 2013 total estimated annual retail sales in the
combined toy categories of infant electronic learning and preschool electronic
learning
14 Source: MZA Ltd, 2014
VTech Risk Management and Sustainability Committee (RMSC)
Sustainability Sub-Committees
Sustainable Product Design
Design for the environment – incorporate
environmental solutions into product design.
Reduce the carbon footprint of the products
through choice of materials and eco design.
Customer Health
and Safety
Ensure product is of good
quality and compliant with
the highest safety standard.
Sustainable Manufacturing Process
Maximise resource efficiency (energy, water and
material used) throughout all VTech activities.
Minimise pollutant and GHG emissions throughout
manufacturing process and daily operation.
Sustainable Logistics
Improve efficiency and
reduce carbon emission of
the logistic chain.
Labour Practices and Decent Work Environment
Increase the internal capability of our labour force, and continue to provide a high standard of
working and living environment.
Promote equal opportunity, and ensure no discrimination, no harassment or abuse of employees.
Sustainable Supplier Management
Systematic supplier management procedure to ensure our entire production process
is of high quality, socially responsible and minimise the impact on the environment.
Social Investment, Donation and Philanthropy
Use resources to support the community.
Product
Responsibility
& Innovation
Environmental
Protection
Community
Investment
Workplace
Quality
Sustainable
Operating
Practices
22 VTech Holdings Limited Annual Report 2014
Sustainability