Message from Chairman
In recent years, the external environment has had a significant impact on the global economy, causing numerous challenges to the internal and external operations of enterprises. ASUS has been reinventing itself in response to this impact, and the real selfreflection and trials in the face of industry adversity are opportunities for the Company to truly embrace the reality and achieve evolution.
In response to the diversification of global risk trends, ASUS has expanded its Risk Management Platform into the Business Continuity Management Committee, chaired by an independent director, with more than half of the members being independent directors, in order to balance the views of internal and external stakeholders and enhance risk inclusion. We take a structured and holistic approach to risk management, build the foundation of corporate resilience, identify possible future risks and establish good prevention mechanisms in order to respond to them in advance; these measures help to control the general risks anddetermine the strat egic directions of the Company.
By building a solid cultural foundation,ASUS continues to drive sustainability transformation and evolution, and incorporates ESG as a key part of its branding and marketing strategies. Under the leadership of the spirit of "One ASUS", the Company has developed a sustainable brand communication language - "Sustaining an incredible future" - and has created a consistent and sustainable communication language in the four areas of "Circular Economy", "Responsible Manufacturing", "Climate Action", and "Value Creation", which we have been cultivating for many years. These visions are implemented to convey the Company's sustainable impact and its vital commitment to the environment and the society.
We are seeing an international trend in non-financial reporting frameworks, as the diverse existing mainstream frameworks are reorganizing and converging and gradually moving toward "niche communication". The International Financial Reporting Standards (IFRS) Foundation established the International Sustainability Standards Board (ISSB) in 2021 to facilitate the development of an integrated and unified international sustainability disclosure framework. In addition, enterprises publish independent reports on various material topics on sustainability to provide stakeholders, including investors, with valuable information on sustainability. The 2022 ASUS Sustainability Report, referring to the Sustainability Disclosure Standards (IFRS S1/S2) issued by the ISSB, reveals its core elements: governance, strategies, risk management, and metrics and targets, and sets out to align with international standards in advance, disclosing the risks and opportunities of potential operational impacts and the management actions of the Company in accordance with the four pillars of corporate sustainability. This year, we continue to communicate with different segments of the general public and continue to publish independent reports, including the report compiled in line with the Task Force on Climate-Related Financial Disclosures (TCFD) and the Environmental Profit & Loss (EP&L) report, systematically disclosinginformation that demonstrates the operational resilience of ASUS and the management outcomes of targeted actions.
ASUS has been awarded numerous international awards for our sustainable management practices and have continued to reinvent itself in the pursuit of our brand spirit of "In Search of Incredible". In 2022, under the commission of Taiwan's Ministry of Economic Affairs for the evaluation of the values of Taiwanese brands, the Interbrand Best Taiwan Global Brands named ASUS as the most valuable international brand of Taiwan for the ninth time and has ranked in World's Most Admired Top 50 All-Stars of the Fortune magazine for the eighth time, standing in the leading positions in areas such as "Innovation", "Social Responsibility", and "Product and Service Quality". ASUS was also named one of the Clean 200 companies by Corporate Knights in 2023. The China Household Electric Appliance Research Institute (CHEARI) and Peking University jointly released the "Annual Report on the Implementation of Extended Producer Responsibility for Electronic and Electrical Products in China", and ASUS was awarded the first place for two consecutive years. However, as we anticipate a more unpredictable global economy in 2023, full of uncertainties and challenges, the ASUS team responds to them by building a strong corporate culture and organization and bringing together and leveraging the wisdom of all people through practical actions to address the industry's adversities and turbulence. Meanwhile, the Company is considering growth opportunities and risks and balancing long-term values and short-term performance in order to prosper in more sustainable and inclusive directions.