Governance

Dedicated Unit

Novatek organized the "ESG Sustainability Committee" as the core of the Company to implement sustainable development. The chairman, president and many senior executives of Novatek from various fields formulate medium- and long-term sustainable development goals in the management meeting, and are responsible for coordinating and integrating the Company's resources from different departments, identifying climate issues related to the Company's operations, formulating corresponding climate strategies, as well as tracking the achievement of goals.

Regular Follow-ups

The ESG Sustainability Committee is responsible for promoting the development of ESG, climate and environmental strategies, coordinating and managing various climate and environmental goals. The Committee holds at least two meetings each year to monitor the implementation of these goals. The Risk Management Committee is responsible for supervising the effectiveness of the operation mechanism, and at least once a year, reports to the Audit Committee and the Board of Directors on the planning and implementation of these goals. This helps the Board of Directors track progress, provide feasible strategies or other directional suggestions, and urge management to evaluate and adjust planning issues.

Strategy

Risk Analysis

Set up climate risk management tools to analyze the possible financial impact of major climate risks, which is conducive to the integration and prediction of climate risks, and formulate response and preventive measures to strengthen climate resilience.

Design and R&D (Clean Technology)

Committed to the design and development of smart imaging and smart display technology ICs, providing customers with the best solutions, while taking into account sustainable trends, and developing innovative products that meet the goal of energy saving and carbon reduction.

Renewable (Clean) energy

Energy-saving installations

Risk

management 

Risk Assessments

Novatek's "ESG Sustainability Committee" conducts a potential risk assessment for the Company through the risk identification process, summarizes major climate risk issues as well as the corresponding risk management measures, reports to the Risk Management Committee on the implementation of risk management and control on a quarterly basis, and performs regular reviews and tracking.

Assessment Follow-ups

Novatek reviews the changes in policies, regulations, technologies, markets and business reputation on transition risks and opportunities every year. Furthermore, it strengthens the regular review of the assessment results of physical risks, transition risks and opportunities through climate risk management tools, and continues to make adjustment on a rolling basis.

Sustainability Forums

Metrics

& Targets

Reduction of Energy Consumption

Conserving Water and Power

Set internal water and electricity saving standards every year, regularly track the achievement of goals, and actively respond to the risks associated with climate change.

International Verification

Promote suppliers to obtain a number of certificates for ISO management system verification, including carbon emissions and disclosure, water footprint and energy management, and work with suppliers to follow the Company's sustainable development goals.

Renewable (Clean) Energy