Social Policy & Code of Conduct Mapping Global Frameworks

WT has developed Social Policy & Code of Conduct, UNCAC Anti-corruption Policy and SDGs Policy in 2020 that take into account the concept of shared value and frameworks such as the UN Global Compact, International Labor Standards, OECD Guidelines for Multinational Enterprises, and the UN Sustainable Development Goals (SDGs).

WT believes that ethical governance is a core requirement of doing business, a competitive advantage, and the right thing to do. Our ethical leadership inspires confidence in our Company’s future and creates a safe, supportive work environment for our employees. Our Social Policy & Code of Conduct guides how we responsibly conduct ourselves every day.

The WT Social Policy & Code of Conduct affirms the principles that guide the behavior of employees, subsidiaries, members of our Board of Directors regarding their activities, independent contractors, consultants, suppliers, and others who do business with us.

Through the Social Policy & Code of Conduct which is available in 2 languages, we seek to promote honest and ethical conduct, deter wrongdoing, and support compliance with applicable laws and regulations. We also communicate our ethical expectations, including compliance with our code principles and policies, to our suppliers and third parties.

Governance

WT believes that ethical governance is a core requirement of doing business, a competitive advantage, and the right thing to do. Our ethical leadership inspires confidence in our Company's future and creates a safe, supportive work environment for our employees.

Headquarters in Taiwan has been awarded the excellent governance assessments issued by the local government since 2016. It won second prize glory.

Whistleblower Programmes

WT official Whistleblower Programmes

Our collaborative and resilient ethical Company culture encourages us to speak up when we see something that doesn't seem right. Transparency around incidents of misconduct and our Company's response to those incidents creates an environment where employees feel comfortable raising concerns. Our employees trust that if they voice a concern, their concern will be fully investigated and appropriately remediated.

Proactively communicated to employees.
An independent, reporting hotline and email available Official Website Whistleblower Pages.
Available to suppliers, customers, and other third parties the independent, reporting hotline and email.
Available in local languages.
Possibility for anonymous reporting and reports are treated confidentially.
Non-retaliation policy.
Structures in place to process whistleblower reports.
Disclosure on the number of reports received, the types of misconduct, and measures are taken Available in local languages. In 2019, there are no confirmed incidents of corruption.
Compliance with ethical training: We hope that employees can fully understand the company's policies, procedures and control measures to protect the company and employees from potential risks of laws, regulations or disciplinary actions.
New employees receive training: "Corporate Governance Best Practice Principles", "Corporate Social Responsibility Best Practice Principles", "Ethical Corporate Management Best Practice Principles", "Codes of Ethical Conduct", "Procedures for Ethical Management and Guidelines for Conduct", and "Supplier Code of Conduct". In 2019, there were 44 new employee training sessions and 106 trainees.

Note: The above statistics include new employee hires and employee turnover in 2019, excluding interns.

The board of directors authorized chairman to approve ESG governance

The Environmental, Social, and Governance (ESG) policy is approved by the board of directors authorized by the chairman, which is also the highest-level organization authorized by the ESG policy. The Board receives periodic briefing and informational sessions by management on the types of ESG risks the company faces and enterprise ESG risk management. Management is responsible for identifying ESG risk and ESG controls related to significant business activities; mapping the ESG risks to company strategy; and developing programs and recommendations to determine the sufficiency of risk identification, the balance of potential risk to potential reward, and appropriate ways to control ESG risk.

For more information on board of directors and corporate governance, please check out WT 2019 Annual Report Page 34-88.

WT 2019 ESG Report

Download the chapter of Governance pdf file

Your comments about our performance of sustainable development are welcome. Please send to IR@wtmec.com.