The expectations of stakeholders are valued for effective corporate sustainability practices.
WT continues to involve stakeholders to ensure a communication and response mechanism is in place for sustainability issues. WT followed the principles of AA1000 Stakeholder Engagement Standard, which are impact, materiality, inclusivity, and responsiveness, to identified key stakeholder groups. An evaluation and discussion by WT’s functional executives involved in the sustainability effort concluded that the operating environment in 2022 was not significantly different from that in 2021, and that the key stakeholder groups were therefore the same as identified previously, which are shareholders/lenders, customers, employees, vendors, and other suppliers.
The five stakeholder groups, whose involvement with WT’s operations vary in significance and interactivity, are engaged in parallel by different departments through various communication channels. In 2022, the communication and engagement efforts continued and produced results.
For subsequent issue impact analysis, 19 sustainability issues were identified in accordance with global sustainability report disclosure norms or standards (such as GRI, SASB, TCFD), attributes of technology industries, external sustainability reports, and other information.
“Global Carbon Yearbook Guided Reading” as part of WT’s ESG initiative
A sustainable planet is a matter for global citizens
The Global Carbon Yearbook is an authoritative work across fields and regions. Covering 41 countries in the world, it is contributed by more than 300 writers, scientists, illustrators, and environmentalists and translated into 38 languages. The Yearbook summarizes all the research results and latest data on carbon in the world today with regard to corporate business strategies, global environmental economy, environmental engineering, climatology, and climate change.
On December 8, 2022, Willie Sun, WT’s Chief Sustainability Officer, mediated the guided reading, and invited 120 individuals including representatives from upstream manufacturers and downstream customers in the supply chain, as well as stakeholders such as employees and banks, to participate in the event. The Guided Reading was conducted by asking questions such as, why we need to understand the matter of “carbon”? How we implement ESG in our business operations and personal daily life? And why the world continues to pay attention to the issue of “carbon”. From common sense to knowledge, the Guided Reading was intended to reveal the truth about “carbon”.