Results of Analysis of Material Topics | ACER ESG
Results of Analysis of Material Topics
Read MoreMateriality Analysis Process
Acer conducts materiality analyses annually by referring to the Universal Standards and the AA 1000 Accountability Principle: 2018 published by the Global Reporting Initiative (GRI). The four principles of Inclusivity, Materiality, Responsiveness and Impact are used to understand stakeholders' concerns about ESG, to strengthen internal and external communication, to respond to stakeholders' expectations for information, and to plan and establish a management structure for ESG information disclosure.
We adopt the "Double Materiality Principle" recommended by the European Commission in the "Guidelines on Nonfinancial Reporting: Supplement on Reporting Climate-related Information" to consider the positive/negative impact of each ESG topic issue on the organization's business operations and also consider the impact of the organization's role in the value chain on the economy, environment, and people (human rights) aspects.
The top three important topic for the company in 2023 are energy, carbon emissions, and climate change; innovation and research and design, and information security and privacy protection. Compared to 2022, the following topics increased in the ranking in 2023: innovation and research and design, talent attraction, retention and development, and supplier environmental and social management. Circular economy, corporate governance, and standards of conduct slightly decreased in ranking. In 2023, we renamed the topic "circular economies and product life cycle" to "circular economy" to highlight Acer's emphasis on this topic. Additionally, considering occupational health and safety as an topic valued by employees, biodiversity as an important natural capital for enterprises, and Acer's responsibility and key role in digital inclusion and social philanthropy issues, we consider them as secondary material topics and still report and disclose relevant content in this report.
The material topics survey results of Acer in 2023 were already reviewed, approved, and supervised by Acer's Board of Directors.
Material Topics Analysis - Impact Assessment
We evaluated the economic, environmental, people, and human rights impact and impact dimensions of the critical topics by referring to the GRI 1 Foundation and GRI 3 Material Topics criteria of the GRI General Guidelines. These impacts can have both positive and negative, actual and potential effects and impacts on the Company, both internally and externally. We understand that these effects or impacts may change over time as the Company's activities, business relationships and environment evolve, and therefore we will continue to evaluate their environmental context and identify their impact.
Swipe to see the full table
The importance ranking of 2023 topics | The importance ranking of 2022 topics | Material Topics | Topic Description | Positive Impacts | Negative Impacts |
Boundaries of Impact |
Stakeholders affected by the impact/effect | Management Method(Disclosure Locations in Sustainability Report) | |||
---|---|---|---|---|---|---|---|---|---|---|---|
1 | 1 | Energy, Carbon Emissions and Climate Action |
Due to the impact of global climate change and extreme climate, more than hundred countries have declared the goal of net zero emissions, and have been implementing policies such as energy saving, carbon reduction, renewable energy, carbon tariffs, and many other climate action programs, affecting business operations and becoming a risk and opportunity for businesses to face in sustainable operation. |
Reducing the environmental impact of business operations and promoting Acer's low- carbon transformation to strengthen competitiveness. |
Regulatory compliance and internalization of carbon costs, affecting operating expenses and product prices. |
● |
● |
● |
● |
|
Chapter 6: Climate Strategy and Transformation |
2 | 3 | Innovative R&D and Design |
Invest in innovative R&D capabilities, promote the acquisition and maintenance of intellectual property and patents, and develop solutions that respond to the development and sustainability needs of society, focusing on machine learning, data analytics, artificial intelligence- assisted medical solutions, and smart cities, in addition to computer and display technologies. |
Strengthen the competitiveness of our products by considering R&D and design from the perspective of consumer needs. |
Expertise, skills or resource input may increase labor, cost requirements or generate waste. |
● |
● |
● |
● |
|
Chapter 5: Circular Economies and Innovation - Innovative Products and Services |
3 | 2 | Information Security and Privacy Protection |
We improve our information security management system, including the establishment of policies, notification,management, and prevention mechanisms, and incorporate information security into our corporate governance objectives;protect customer data in product design and services; and implement personal data protection policies and measures, as well as related complaint handling mechanisms. |
|
|
● |
● |
● |
● |
|
Chapter 3: Operations and Governance - Information Security and Provacy Protection |
4 | 4 | Product Responsibility and Customer Safety |
Ensure the quality and safety of products and services, and the impact of raw material use on the environment and users. |
Improve product safety and quality of service and reduce the impact of raw materials on users and the environment |
Possible additional management, testing, inspection and other items, resulting in higher costs in production, manpower, time, etc |
● |
● |
● |
|
Chapter 5:Circular Economies and Innovation | |
5 | 7 | Talent Attraction, Retention,and Development |
Composition of employees, hiring and termination, competitive compensation and benefits, investment in talent development and nurturing (e.g., industry-academia partnerships, internship programs). |
Facilitate the expansion of the Company's diversified business to enhance employee strength and employer brand value; build human capital and ensure the organization's competitive advantage. | Reduce employee recognition, increase personnel costs, and affect business operations; the rapid evolution of lifestyle brand-related technologies and diversified product end-customer needs pose challenges to organizational talent cultivation. |
● |
● |
|
Chapter 7:Inclusive Workplace andSociety- Attracting and Developing Talent | ||
6 | 5 | Circular Economies |
Through the implementation of product lifecycle management, our objective is to minimize the environmental impact of our products while maintaining a harmonious relationship between product management and environmental performance. Our aim is to offer products that are botheco-friendly and competitive in the business market. To accomplishthis,we integrate materials like PCR plastics, OBP, and recycled metals into our products, thereby promoting a circular economy. |
Create new business models, recycle materials and reduce resource consumption. | When recycling substances or materials, additional costs, manpower and resources may be incurred during the recycling, manufacturing and transportation processes, and the carbon footprint may increase during the corresponding stages. |
● |
● |
● |
● |
|
Chapter 5:Circular Economies and Innovation |
7 | 6 |
Corporate Governance and Code of Ethics/Standards of Conduct |
Corporate governance and the Standards of Conduct serveas Acer’s guidance and management mechanisms, including the setting of company operatingtargets,monitoring reaching of targets and operational performance, and protecting the legal rights of shareholders and the interests of other stakeholders. |
To strengthen the reputation of trust,integrity and honesty by laying the foundation of corporate management and operation, i.e., the code of honest management and business conduct, through concrete implementation. | Neglecting long-term sustainability in the operation process and pursuing short-term profits may harm the interests of the Company's shareholders and stakeholders, and put the Company at legal risk. |
● |
● |
● |
● |
|
Chapter 7: Operationsand Governance -Information Securityand Privacy Protection |
8 | 10 | Supplier Environmental and Social Management & Performance |
Through the management mechanism of the supply chain, the environmental risks are reduced and the environmental performance of the whole supply chain is actively sought; the social and environmental responsibilities are shared with the supply chain based on respect for human right. |
Ensure that the work environment, safety and health, and personnel are treated with respect and dignity. | Risk of Environmental Impact and Human Rights Violations. |
● |
● |
|
Chapter 4: Responsible Supply Chain | ||
9 | 9 | Water Resource Management |
Water management planning, strategy, effectiveness and wastewater treatment, water reduction results and goals. |
Reduce the impact of business operations on the environment and promote the recycling of water resources. | Operation model has no production process, the reduction effec t is limited |
● |
● |
● |
● |
|
Chapter 3: Operations and Governance - Information Securityand Privacy Protection |
10 | 8 | Human Rights, Equality, and Diversity |
Gender equality, equal pay for equal work, employee diversity and equal opportunities, non-discrimination, freedom of association and collective bargaining, and the provision of diverse channels and frequency of communication to promote harmonious labor relations. |
Improve employee satisfaction, attract and retain talent, increase productivity, and drive the supply chain for social justice. |
Talent loss, innovation slowdown, brand image damage, legal risk. |
● |
● |
● |
|
Chapter 7: Inclusive Workplace and Society - Human Rights Protection | |
11 | 11 | Occupational Health and Safety |
Provide a safe and healthy working environment for employees, strengthen the health management of employees, and maintain competitiveness for the company. |
Attract talents to enhance the competitiveness of the corporation. | Meet stakeholder needs and expectations may Increase manpower and material investment costs. |
● |
● |
● |
|
Chapter 7: Inclusive Workplace and Society - Occupational Health and Safety | |
12 | 12 | Policy and Public Issues Advocacy |
Contribute to the development of public policy through participation in industry associations and societies by providing advice on public policy development. |
Stay informed about the latest developments in public policies related to the economy, environment, and human rights. | Participating in various issue-related NGOs and initiatives may increase operating expenses and manpower costs. |
● |
● |
● |
● |
|
Chapter 2: ESG Governance and Strategy - Materiality and Stakeholder Engagement |
13 | 13 | Biodiversity | Biodiversity is an important natural capital and companies need to understand the risks associated with their operations' impacts on biodiversity and should take mitigating actions. |
Gaining an understanding of how the impact of the company's operations on biodiversity can improve risk management and help minimize the impact on the natural environment. |
Failure to recognize the significance of biodiversity can have adverse effects on the environment and potentially harm the company's reputation. |
● |
● |
● |
● |
|
Chapter 3: Operations and Governance - Information Security and Privacy Protection |
14 | 14 | Digital Inclusion and Social Philanthropy | Companies use their core competencies to take action to address the social and environmental issues facing humanity to reduce social costs and indirectly reduce the company's business risks. Help everyone enjoy the convenience and opportunities technology brings, and promote Digital Inclusion |
By leveraging core capabilities and technology, we can address social and environmental issues. This not only reduces societal costs but also mitigates business risks. Additionally, such actions promote coexistence between business and society, despite potential increases in operational expenses due to organizing events. |
It may increase the company's operation expenses to organize various events. |
● |
● |
● |
|
Chapter 7: Inclusive Workplace and Society - Digital Inclusion and Social Philanthropy |
Results of Analysis of Material Topics - Matrix
Governance/Economic
Environmental
Social
Ranked by the degree of impact of material topics:
1
Innovative R&D and Design
2
Corporate Governance and Code of Ethics/Standards of Conduct
3
Policy and Public Issues Advocacy
4
Supplier Environmental and Social Management & Performance
5
Energy, Carbon Emissions and Climate Action
6
Circular Economy
7
Water Resource Management
8
Biodiversity
9
Information Security and Privacy Protection
10
Product Responsibility and Customer Safety
11
Talent Attraction, Retention, and Development
12
Human Rights, Equality, and Diversity
13
Occupational Health and Safety
14
Digital Inclusion and Social Philanthropy