ESG Strategy
Begin with The End in Mind,
Execute the ESG Strategy.
The ESG strategy is unified in the corporate strategy.
The ESG strategy of GigaDevice consists of ESG vision, ESG key issues, ESG goals and the goal-time path, forming a complete ESG strategy roadmap. We've established three-level ESG management structure, three ESG management mechanisms, and three-year ESG improvement action path, which guarantees that our ESG strategy is well suited for the entire organization and can be implemented successfully.
The ESG vision, unified in the framework of the corporate vision, is an extension and expansion of the corporate vision in the ESG field.
ESG Vision
Seek Long-lasting Development, Tech for Good
ESG Key Issues
We identify and screen ESG key issues that affect our operation, serving as goals and foundations for corporate sustainable management. We also integrate the identified ESG key issues into the corporate philosophy, and redefine the ESG key issues with the corporate culture.
Initials (S, T, I, L, L) of the five cultural connotation words of the five key issues are "Still" and form the STILL framework of the ESG strategy. The word "Still" suggests perseverance, denoting that no matter how the environment changes, we will always remain true to our original aspiration, and adhere to the vision of "Seek Long-lasting Development, Tech for Good".
ESG Goals and Goal-time Paths
Our short-term, medium-term, and long-term action paths are depicted in the ESG goals and goal-time paths (fulfillment of the targets will be disclosed in the ESG report).
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Corporate Governance
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Human Capital Development
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Business Ethics and Anti-corruption
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Response to Climate Change
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Responsible Supply Chain
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S- Steady Development
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1. Complete the comprehensive ESG risk management system
Medium-term goal: By 2028, complete the Company’s comprehensive ESG risk management system with reference to international standards.
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2. Improve the ESG performance of the board
Medium-term goal: By 2030, improve the professional background of the Board of Directors members by increasing the number of external directors with professional backgrounds in risk management and ESG.
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T- Teamwork
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1. Conduct training on the human rights policy
Short-term goal: By 2027, achieve 100% coverage of the human rights policy training over the employee.
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2. Expand the coverage of support for degree courses and certification programs
Medium-term goal: By 2030, achieve 100% coverage of support for degree courses and certification programs.
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3. Continuously implement the monitoring mechanism for employee diversity
Long-term goal: Maintain a proportion of female management exceeding 20%, a proportion of female technical employees exceeding 25%, and a proportion of employees with master degrees or doctoral degrees exceeding 50%.
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I- Integrity
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1. Conduct training on the anti-money laundering policy
Short-term goal: By 2027, conduct training on the anti-money laundering policy, with 100% coverage of training in high-risk departments.
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2. Strengthening the compliance situation of anti-commercial bribery in the supply chain
Short-term goal: By 2027, convey anti-commercial bribery compliance requirements to typeⅠsuppliers effectively.
Medium-term goal: By 2030, sign compliance-related documents with 90% of typeⅠsuppliers.
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3. Complete the certification of the anti-commercial bribery management system
Medium-term goal: By 2030, complete the certification of the anti-commercial bribery management system.
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L- Low-carbon Operation
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1. Promote the carbon peaking and carbon neutrality efforts
Medium-term goal: By 2028, formally submit science-based targets in line with SBTi standards, and strive to obtain official validation within two years after submission; disclose the approved targets on the Company’s official website.
Medium-term goal: By 2030, accomplish 100% carbon footprint verification of suppliers.
Medium-term goal: By 2030, reduce the greenhouse gas emissions of scopeⅠand scope Ⅱ of the Company by 50% compared to 2021.
Long-term goal: By 2060, achieve carbon neutrality of scope I and scope Ⅱ of the Company.
Long-term goal: By 2060, promote the supply chain to achieve carbon neutrality of the Company's products.
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2. Encourage to utilize renewable energy sources
Medium-term goal: By 2030, achieve over 60% utilization of renewable energy sources for operations within the Company；achieve 10% coverage of green electricity consumption; achieve 100% utilization of renewable energy sources for certain products.
Medium-term goal: By 2030, collect 100% statistics of the suppliers' utilization of renewable energy sources.
Long-term goal: By 2060, achieve 100% utilization of renewable energy sources for operations within the Company.
Long-term goal: By 2060, promote the supply chain to achieve 100% utilization of renewable energy sources for the Company's products.
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L- Leading Innovation
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1. Promote the management of conflict minerals
Medium-term goal: By 2030, ensure that 100% of type I suppliers sign the Conflict-Free Minerals Commitment.
Medium-term goal: By 2030, conduct "non-conflict minerals" audits for over 60% of suppliers, or perform certification/traceability for over 60% of materials.
Medium-term goal: By 2030, ensure over 60% of product sales for which suppliers/materials undergo conflict minerals due diligence investigations by external institutions under the strictest standards.
Long-term goal: Review the suppliers' conflict minerals utilization once a year.
Long-term goal: By 2050, achieve 100% responsible procurement 3TG target.
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2. Promote the suppliers to attain RBA certification
Medium-term goal: By 2030, ensure that 50% of type Ⅰ core suppliers attain the RBA certification.
Long-term goal: By 2050, ensure that 100% of type Ⅰ core suppliers attain the RBA certification.
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3. Continuously improve the ESG management level of suppliers
Long-term goal: Maintain the ESG self-evaluation of 100% of type Ⅰ core suppliers.
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