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LITEON Receives ?ultiple International Accolades of 2021 S&P Sustainability Yearbook Award
February 22, 2021 | LITEON TechnologyEstimated reading time: 1 minute
LITE-ON Technology Corporation (2301) has been awarded “Bronze Class” in the Computers & Peripherals and Office Electronics industry in the 2021 Sustainability Yearbook published by the international sustainability evaluation agency S&P Global. In addition, LITEON received the highest rating of "Leaderboard" in the newly announced 2020 CDP Supplier Engagement Rating (SER). Which indicates that LITEON's efforts to achieve sustainability has been highly recognized by international institutions and ranks among the international sustainability benchmarks.
The 2021 Sustainability Yearbook evaluates the performance of more than 7,000 of the world's largest companies and ranks them based on the results of the 2020 Dow Jones Sustainability Index (DJSI) Corporate Sustainability Assessment (CSA). LITEON won the Bronze Class distinction by achieving an S&P Global ESG Score within a range of 5% to 10% of the top-performing company’s score in the industry. Besides, with an improvement in its score of at least five percent, and achieved the strongest improvement in the industry, LITEON was awarded as the 2021 “Industry Mover” as well.
The CDP Supplier Engagement Rating (SER) is the first evaluation initiative implemented by CDP in 2017, which focuses on extending the existing GHG movements to the overall value chain. The CDP Supplier Engagement Rating (SER) is the first evaluation initiative implemented by CDP in 2017, which focuses on extending the existing GHG movements to the overall value chain. LITEON supports the initiative by collaborating with upstream suppliers to jointly develop sustainable materials with low carbon emission and high energy conversion efficiency products, GHG Scope 3 inventory, GHG reduction projects, and volunteer engagement to maximize the effect of the value chain. In the 2020 evaluation, LITEON achieved top 7% performance within over 8,000 companies across the globe participated and became one of the benchmarks for carbon management in the global value chain.
LITEON has been selected as a member of the DJSI for ten consecutive years, and a member of the Morgan Stanley (MSCI) ESG Leader Index for seven consecutive years. In Taiwan, LITEON was ranked on the Top 5% listed companies of 2020 Corporate Governance Evaluation by Taiwan Stock Exchange, consecutively certified as a constituent in the FTSE4Good Taiwan Index Plus (TIP) Taiwan ESG Index, awarded the First Prize in Electronics Technology Industry of the annual overall CSR survey of 2020 Corporate Social Responsibility Award from Global Views Magazine, awarded “Corporate Citizenship” Award from Common Wealth Magazine for 14th straight years, and Top 10 Domestic Companies Sustainability Model from TCSA, etc.
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