PLANET Technology Corporation, a global leading IP-based networking company, has been granted the Top Spot for winning the ‘2021 Excellence in Corporate Social Responsibility Award’, sponsored by CommonWealth Magazine, one of the most influential business media in Taiwan, making the only SME in Taiwan that has won this award for 15 consecutive years. This shows PLANET’s effort on continuously improving the ESG (Environmental, Social and Governance) performance as well as the company’s sustainable competitiveness in achieving a better society and a sustainable earth has come to fruition.
Committed to Carbon Neutrality by 2050 to Improve Environmental Sustainability
In response to climate change issues, PLANET targets to reach carbon neutrality by 2050 so as to better protect the environment. For the network product innovation, the company’s world’s first renewable energy network management system, which utilizes the natural power resources such as solar, wind or hydropower to help eliminate carbon emissions in remote network applications, has earned the company the 2021 Taiwan Excellence Award and 2021 Computex Best Choice Award. Besides improving its green supply chain, the company has implemented various activities such as funding the organic tea farms, one vegan day a week, sourcing renewable electricity, and recycling the reusable materials, all striving to reduce carbon emissions and greenhouse effect.
Ranked among the Top of Corporate Governance, a Solid Foundation for Corporate Sustainability
Based on its good practice of corporate governance, PLANET was ranked among the top of ‘2020 Corporate Governance Evaluation’ in Taiwan. The company has set up two functional committees, "Corporate Social Responsibility Committee" and "Risk Management Committee" under the Board to strengthen the risk management not only for business operations but for all ESG-related issues. Through continuously enhancing its corporate governance mechanism, the company maintains a solid foundation for realizing corporate sustainability.
Creating an Equal and Healthy Workplace to Enrich Employee Career Development
Committed to creating a happy, safe and healthy workplace with equal career development opportunity for employees, besides providing training programs and a good welfare system, PLANET provides its employees with annual health check, health consultation service, lectures on health-related issues, and a number of subsidy measures such as the maternity allowance, education subsidies for employees’ children and so on. In particular, in the face of the COVID-19 pandemic, the company makes sure preventive measures are strictly followed to ensure the company’s continual operations, meaning keeping its employees busy.
Applying Business Management Capabilities to Bring Long-term Positive Influence on the Society
In the aspect of social involvement, PLANET utilizes its core management capability in countering educational disadvantages. PLANET has been promoting the “Educational Program for the Disadvantaged Children” in Xindian and the greater Taipei area since 2004. In collaboration with schools, community professionals, nonprofit organizations (NPOs) and others, this program is able to provide children who are slow learners or those with emotional or behavioral problems with tailor-made remedial instruction, psychological care, and diverse activities, which will be reviewed every semester to ensure this customized program is helpful to the children. Over the past 17 years, it has successfully assisted more than 9,000 children in regaining self-confidence in learning and shaping a healthy mindset and integrity so as to effectively improving the human resources quality of the society on a long-term basis.
The ‘Excellence in Corporate Social Responsibility Award’ organized by CommonWealth Magazine is by far the largest CSR and ESG performance evaluation designed for Taiwan’s companies. It is benchmarked to international standards of the OECD Guidelines for Multinational Enterprises, Dow Jones Sustainability Indices, and the UN 17 SDGs. To be eligible for this award, each company must make profits for at least 2 years in the past 3 years, and outperform in the 4 main criteria: Corporate Governance, Corporate Commitment, Social Involvement, and Environmental Sustainability. Winning this award once again, it recognized PLANET has never ceased to optimize its business value via strong ESG practices to help achieve a better society and a sustainable earth as a whole.