In 2023, as the world entered the post-pandemic era, the apparent prosperity masked a series of new challenges. Extreme weather continues to ravage the globe, the U.S.-China trade confrontation intensifies, global inflation effects are fermenting, yet China's economy is slowing down. Added to this are geopolitical risks such as the Russia-Ukraine war and the Israel-Palestine conflict. Amid these unpredictable international circumstances, we observe changes in global supply chain models, gradually shifting towards shorter and more localized chains. Corporate strategies must become more flexible. Hence, we have expanded the third phase of construction and investment in our Vietnam plant, timely adjusted our operational model, and strengthened our risk control mechanisms to ensure the resilience and sustainability of our business operations.
AmTRAN started with television products and has recently expanded to include high-end gaming monitors, mice, AI intelligent companion robots, and video conferencing systems. Our clients are spread across the United States, Europe, China, Taiwan, Japan, and South Korea. Under the global sustainability wave and the drive towards a low-carbon value chain, AmTRAN has correspondingly adjusted its operational strategy. We have established a sustainability strategy based on "five dimensions" and "five principles," outlining AmTRAN's blueprint for sustainable development. The five dimensions focus on operational goals such as "innovative craftsmanship," "smart manufacturing," "green thinking," "aesthetic design," and "people-oriented" development, aligning with the United Nations Sustainable Development Goals (SDGs). The five principles insist that product development adhere to "energy-saving, resource reduction, low energy consumption, easy recycling, and low hazard" principles. These principles leverage AmTRAN’s technical advantages in product design and manufacturing while continuing to interact and communicate with stakeholders to understand mutual needs, enhance operational resilience, and achieve substantial transformation and evolution, thereby empowering new visions and chapters for audio-visual products.
In 2023, AmTRAN's efforts in sustainable development received corresponding recognition. We were selected as one of the top 100 companies in carbon competitiveness by Business Weekly for two consecutive years and awarded the 1.5°C Temperature Control label by CommonWealth Magazine's Corporate Carbon Reduction Thermometer. Our corporate sustainability report received the Bronze Award in the electronic information manufacturing category from the TCSA Sustainability Reporting Awards. This demonstrates AmTRAN's comprehensive performance in carbon emission management and energy-saving measures, including the use of renewable energy and the optimization of process energy efficiency. AmTRAN aims to maintain profitability while aligning with the ambition of the Paris Agreement to limit global warming to no more than 1.5°C.
Looking forward, AmTRAN will continue to implement its sustainability blueprint, planning short-, medium-, and long-term goals and action plans. We will proactively respond to international trends and stakeholder requirements by integrating sustainability, carbon governance, and business operations into our internal control mechanisms and extending them to the supply chain. Beyond ensuring compliance, we will also enhance corporate risk and cost management, demonstrating AmTRAN's competitiveness and sustainability.
Chairman
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The international market has undergone rapid changes and new challenges due to the expansion of 5G technology applications and the development of AI artificial intelligence. AmTRAN, while achieving steady growth in corporate performance, places even greater emphasis on comprehensive sustainable development. Sustainable business management is not only a responsibility but also the cornerstone of our long-term development. Through our organization's sustainable actions, we elevate this to a corporate management culture level, and through a culture of organizational integration, we further drive management dividends, forming a sustainable cycle in business operations.
Over the past year, we have set "five dimensions" for our sustainable development blueprint: "energy saving, resource reduction, low energy consumption, easy recycling, and low hazard." We use these standards to guide product technology innovation and development.
- In terms of energy-saving and carbon reduction, our Suzhou plant's greenhouse gas emissions in 2023 were reduced by more than 8% compared to 2022. Our self-operated solar power generation system produced a total of 2,338,337.2 kWh, accounting for nearly 15% of the Suzhou plant's total electricity consumption.
- In smart manufacturing, we have increased the ratio of automated assembly and production to nearly 60%.
- In green design, every display product produced by AmTRAN is 100% certified for energy efficiency in each sales region. Starting in 2023, 85% of the plastics used in the production of computer peripherals and video conferencing products are recycled and certified by a third party. The cardboard boxes for our television products are made from 100% recycled paper.
Moreover, we value the growth and welfare of our employees. The company continuously improves the employee training mechanism, provides diverse career development paths, and creates a safe, healthy, and vibrant work environment. We recognize that employees are the company's most valuable asset; their achievements are the company's achievements.
- In addition to maternity bonuses and well-equipped nursing rooms, we are industry leaders in offering paid parental leave, allowing employees to balance work and family responsibilities better and build closer bonds with their children.
- We regularly provide all employees with free health checks and host several health talks annually to raise overall health awareness.
- In terms of gender equality, the proportion of female employees at the AmTRAN Vietnam plant increased to nearly 53% in 2023, which is higher than the average in the optoelectronics industry.
We will continue to uphold an open, transparent, and responsible attitude, collaborating with all parties. Beyond driving more innovations to generate economic benefits, we aim to enhance environmental benefits through design and give back to society through care and inclusion. Sustainability principles will be integrated into every company decision and action, creating a better life for future generations.
General Manager
