VIVOTEK follows the AA1000 Stakeholder Engagement Standard and uses international sustainability issues and operational needs as reference materials to define the six categories of main stakeholders, i.e. employees, corporate customers, investors and shareholders, society, government agencies, and partners.
Six Types of Stakeholders and their Communication Results
Stakeholders
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Scope of Stakeholders
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Issues of Concern
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Communication Channels
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Communication Frequency
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Corresponding Chapters
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Employee | All employees | Information on recruitment and retention Working conditions Labor rights Important Company announcements Employee inquiries Performance appraisal |
Management-labor meetings Employee Welfare Committee Intranet Employee mailbox Departmental meetings Individual interviews |
Quarterly Frequently Anytime Ad hoc Ad hoc Ad hoc |
6.4 Employee Rights and Communication |
Partners | Suppliers, outsourcing contractors, manpower dispatch, and system certification companies | Risk management Partnership management (incl. suppliers) Personnel recruitment and management Equipment and calibration maintenance |
Telephone calls and emails Supplier factory visits Supplier audits Instrument calibration suppliers and reliability equipment manufacturer emails |
Ad hoc Ad hoc Every 6 months Ad hoc |
3.6 Supply Chain Sustainability Management |
Corporate Customers | Domestic and foreign customers (including domestic and foreign government procurement) and distributors | Customer relationship management Company information update (innovation and technology sharing) |
Company website Client meetings Customer satisfaction survey Online customer service system |
Anytime Ad hoc Every 6 months Ad hoc |
3.5 Customer Relationship Management |
Investors and Shareholders | General shareholders and institutional shareholders | Corporate governance and operation disclosures Long-term strategy and operational outlook Personnel recruitment and retention Equipment and calibration maintenance |
Financial Reports Annual Shareholders’ Meetings Institutional Conferences Teleconference and emails Company website |
Quarterly and annually Annually Twice a year Ad hoc Anytime |
3.1 Operational Performance |
Society | Media, social welfare organizations, and management committees | Media Relations Maintenance Social welfare Discussion of the Working Environment |
Company website Press Releases Media meals Telephone calls and emails |
Ad hoc Ad hoc At least once a year Ad hoc |
No corresponding chapter available. Engagement results are actively obtained through communication channels and frequency. |
Government Agencies | Competent authorities | Patent-related affairs Laws and event promotion Environmental safety inspection Industry promotion and support of industry development |
Telephone calls and emails with the Intellectual Property Office Telephone calls, emails, and Official Correspondence with the FSC and IRS Telephone calls and emails with the Fire Department Telephone calls, emails, and event participation with other associations |
Monthly Ad hoc Ad hoc Ad hoc |
1.3 Association Participation |
Employee: VIVOTEK has a global workforce exceeding 1,300 individuals, spread across its headquarters in Taiwan as well as branches and offices worldwide. The Company places significant emphasis on each employee, developing a comprehensive welfare and employee care policies that align with international initiatives such as gender equality. These efforts foster a sustainable workplace culture that attracts and retains exceptional talent, while ensuring comprehensive protection of labor rights, benefits, and career development. Corporate Customer: VIVOTEK consistently strives to deepen collaborative relationships with corporate customers and foster loyalty. We continually upgrade our after-sales service system and provide comprehensive solutions that cater to customers’ needs.
Investors and Shareholders: VIVOTEK dedicates itself to securing financial support and backing from both individual and corporate shareholders (including the Delta Group) for the Company's ongoing sustainable development endeavors. Partners: Adhering to international human rights advocacy and work protocols, VIVOTEK sets consistent requirements and standards for suppliers, outsourcing contractors, manpower dispatch, and system certification companies. This is done to minimize environmental impact throughout the operational process and align with various international norms.
Government Agencies: To stay ahead of global trends and ensure compliance with government mandates, VIVOTEK is actively updating its product design and planning processes, while setting a benchmark for the surveillance industry. Society: VIVOTEK maintains a long-term relationship with domestic and international media outlets. We proactively disclose key products and operational information to the public, effectively communicating the spirit of sustainable development. We embody the brand ethos of cultivating relationships with online communities. VIVOTEK also cares about the local community and has established good relationships with social welfare organizations and committees to promote social participation.
The sustainability promotion adheres to the following process for identifying relevant materiality and communication results.
STEP01 Establishing a Corporate Sustainability Promotion Team under the president
STEP02 Internally organizing relevant corporate sustainability training sessions
STEP03 Focusing on internal discussions to identify materiality
STEP04 Monitoring the progress of communicating materiality
STEP05 Reviewing the results and formulating sustainability goals
VIVOTEK regularly communicates with its stakeholders and reviews their feedback, while staying informed about sustainability developments. Adhering to the sustainability policies of the Delta Group and complying with GRI Standards, we identify material sustainability issues. With the expertise of senior management, we assess the economic, environmental, and social (ESG) impact level and likelihood of occurrence for each issue to calculate the positive/negative and actual/potential impact levels. Then, the Corporate Sustainability Promotion Team evaluates and arranges them in order of priority. For 2023, we determined six material topics: Environmental Care, Innovative Research and Development, Economic Performance, Talent Cultivation and Retention, Customer Relationship Management, and Supplier Sustainability Management. Based on these topics, we establish long-term goals, implement specific action plans, and track the progress and effectiveness of key actions to create a positive and sustainable impact on society.
VIVOTEK actively responds to stakeholder concerns, while meeting their needs and expectations through various regular communication channels. The Company’s stakeholders represent three key areas: Governance, Society, and Environment. These areas encompass six categories: Employees, Corporate Customers, Investors and Shareholders (including the Delta Group), Social Organizations, Government Agencies, and Partners.
In 2023, the Company assessed six material issues: Environmental Care, Innovative R&D, Economic Performance, Customer Relationship Management, Talent Cultivation and Retention, and Supplier Sustainable Management. Our detailed report consolidates the analysis results and provides insights into the degree of impact, management approach, and boundaries of material topics in accordance with GRI Standards.
Sustainability Aspect
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2022 Priority | 2023 Priority |
Material Topic
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Impact Description
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Impact Level
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Indicator
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Corresponding Chapter
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Impact Boundary
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Positive/ Negative Impact |
Actual/ Potential Impact |
Internal
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External
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VIVOTEK Employees
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Corporate Customers
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Partners
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Government Agencies
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Social Organizations
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Investors and Shareholders
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Environment | 1 | 1 | Environmental Care | Due to increasing awareness of net-zero emissions, governments worldwide are advocating for energy laws and requiring enterprises to take action on climate change. The Company is enhancing its sustainable competitiveness by formulating climate-responsive policies, strengthening energy and supplier management, as well as engaging in green low-carbon development. | Negative Impact | Actual | 302 305 306 |
5.1 Smart Factory
5.2 Use of Renewable Energy
5.3 GHG Emissions, Water, and Waste Management
5.4 Risks and Opportunities of Climate Change
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v | v | v | v | v | |
Governance | 2 | 2 | Innovative R&D | Investing in research and development (R&D), proactively innovating, and optimizing product as well as business modes in response to market trends and customer needs are key to the Company's competency and operational capacity. | Positive Impact | Actual | Customized Topic |
4.1 Innovative R&D and Collaborative Resources
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v | v | v | |||
Governance | 3 | 3 | Economic Performance | VIVOTEK endeavors to become a trusted leading brand. Guided by the operational philosophy of Integrity, Innovation, Care, and Accountability, we have established a comprehensive governance structure and regulations, pursued excellence in performance, aggressively protected stakeholders’ equity, and developed a sustainable business. | Positive Impact | Actual | 201 | 3.1 Economic Performance | v | v | v | |||
Society | 5 | 4 | Customer Relationship Management | We listen attentively to customers’ needs, stay updated on industry trends, and provide solutions as well as professional services to satisfy customers and achieve mutual growth. | Positive Impact | Actual | 416 | 3.5 Customer Relationship Management | v | v | v | |||
Society | 4 | 5 | Talent Cultivation and Retention | Each employee of VIVOTEK is a vital partner and valuable asset for sustainable development. The Company fosters employee team-building and strives towards sustainable operations through a solid welfare system, training, career development courses, and a combination of brand activities and internalization. | Positive Impact | Actual | 401 402 404 405 |
6.2 Recruitment and Retention 6.3 Employee Development and Training 6.4 Employee Rights and Communication |
v | v | ||||
Governance | 6 | 6 | Supplier Sustainability Management | Suppliers are important partners of the Company. We share common beliefs and advocacies through the establishment of a supplier management mechanism to promote sustainable development in our relationship. | Positive Impact | Actual | 204 308 414 |
3.6 Supply Chain Sustainability Management | v | v | v | v | v |