Goals
In response to the UN Sustainable Development Goals and the impacts of climate change, E Ink has declared that it will reach the goal of a 100% use of renewable energy (RE100) by 2030 and the goal of net zero carbon emissions by 2040, and draw up the blueprint for sustainable development actions. In terms of the supply chain, we have announced the policy and goals of "creating a value-added supply chain for sustainability and co-prosperity" to move forward to sustainable development with the partners in the supply chain.
Currently, E Ink has established the sustainability strategies and goals for the supply chain. Since 2021, the Company has gradually strengthened the foundation of sustainable supply chain management, sequentially optimized the management process of critical and non-critical suppliers, and incorporated the ESG work orders into the standard procurement procedures to carry out supply chain surveys/analyses and conduct supplier ESG reviews. The Company has also implemented the supplier ESG risk assessment system, and held the general meeting of suppliers on an annual basis for official communication.
It is expected that by the end of 2024, we will continue to make relevant improvement and optimization, including enhancing the transparency of performance disclosure, making responses for the interested parties, launching improvement plans for high-risk suppliers, incorporating ESG into the supplier selection process, increasing the coverage of supplier ESG reviews and checks, implementing ISO 20400 Sustainable Procurement Guidance, and supporting the suppliers to deploy sustainable development programs.
In this changing environment, an enterprise must have the ability to resist or even avoid the impact of supply chain disruption, and the ability of rapid recovery even if in the face of the risk of supply chain disruption. By optimizing the production and strengthening the risk management capabilities through supply chain plans, a supply chain with higher operational efficiency, high productivity and low risk can be achieved.
In addition to the Company itself, we also look forward to working hand in hand with the partners in the supply chain to establish the same standards regarding ESG, create steady and sustainable partnership, and jointly promote and fulfill the goal of sustainable supply chain governance. In 2021, we assisted the partners with the ESG questionnaire survey, thereby increasing their awareness of sustainability and foundation of governance. Moreover, the "E Ink Supplier Code of Conduct" has been formulated and made visible to the public in the hope that the partners can clearly understand. The Code of Conduct is also expected to ensure that E Ink's suppliers treat all their employees with respect, provide a safe workplace, take environmental responsibility during their business operations, and comply with the code of ethics.
