Vtech 2016 Annual Report Download - page 26

Sustainability
VTech’s sustainability vision is 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. The purpose of the report was not only
to communicate our sustainability strategies, management
approaches and performances with our stakeholders, but
also comprehensively introduce our ongoing activities
for our sustainable development toward the societies
and environment in which we operate. VTech has made
a remarkable progress in FY2016. We are honoured that
our Sustainability Report 2015 received the “Sustainability
Excellence Award” from the Chamber of Hong Kong Listed
Companies (CHKLC), and the “Best Corporate Governance
Disclosure Award 2015” in the category of Sustainability and
Social Responsibility Reporting presented by Hong Kong
Institute of Certified Public Accountants (HKICPA) for the
second time in two consecutive years. These prestigious
awards are great recognition of our efforts and achievements
on sustainability.
Additionally, we are included as constituent members in the
Hang Seng Corporate Sustainability Benchmark Index and
FTSE4Good Global Index10 in FY2016. VTech is also among the
top 100 most sustainable companies in Asia and ranked 5th in
Hong Kong by Channel NewsAsia, CSR Asia & Sustainalytics.
In our Sustainability Report 2016, we not only continued to
follow the Core option of the Global Reporting Initiative (GRI)
Sustainability Reporting G4 Guidelines (G4 Guidelines) and
its principles of balance, comparability, accuracy, timeliness,
clarity and reliability, but also made reference to the updated
Stock Exchange of Hong Kong Limited (the Stock Exchange)
Environmental, Social and Governance (ESG) Reporting Guide
(ESG Guide)11 to define our report content.
VTech is also strongly committed to protecting the data of
our customers. In November 2015, we experienced a cyber
attack in which an intruder gained unauthorised access to
some of our databases and servers, and stole certain personal
data of our customers around the world. In order to ensure
that our customer data would be safe from further attack, we
have taken immediate actions to suspend all the websites
and services, inform the affected customers and report the
incidents to a number of governmental authorities. With the
assistance of one of the world’s leading cyber security firms,
we have also further strengthened our data protection and
network security measures.
Our sustainability strategies and efforts continue to focus
on five key areas – product responsibility and innovation,
environmental protection, workplace quality, sustainable
operating practices and community investment. We have
also engaged with our stakeholders by conducting materiality
assessment surveys to identify and address their material issues
and concerns on our sustainable development.
We have established a strong foundation for our sustainable
growth. Moving forward, with our determination and
commitment toward sustainability, we will continue to
implement comprehensive programmes to achieve our long-
term sustainability targets in FY2020. We also strive to balance
the impacts of economic growth, environmental protection
and social responsibility in our strategic business plan, aiming
to drive sustainable value for our customers, employees,
shareholders, investors, suppliers and the communities.
Full details of the VTech Sustainability Report 2016 are available
on www.vtech.com/en/sustainability/.
10 FTSE4Good Index is an equity index series that is designed to facilitate investment in companies that meet globally recognised corporate responsibility standards
11 Environmental, Social and Governance Reporting Guide set out in Appendix 27 to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited
22 VTech Holdings Limited Annual Report 2016
Sustainability