PLANET actively implements responsible supply chain management to develop long-term and highly efficient business relations with its suppliers. Through economic, environmental and social risk assessment and auditing, the company ensures that its suppliers fulfill their corporate social responsibility, so that the company can strengthen the resilience of supply chain, reduce operational risks and implement its sustainability measures.
PLANET constantly improves its green procurement standards and management systems. In 2021, PLANET set up its sustainability committee on the operational level (renamed as Sustainable Development Promotion Team in March 2022), under which, an operation team for responsible supply chain was established. PLANET has integrated RBA code of conduct into the traditional supply chain management, and formulated the company's supply chain code of conduct, which requires suppliers to comply with local laws and regulations and the company's supply chain code of conduct. At the same time, PLANET takes labor rights, environmental protection, safety and health, ethics and management system as assessment items in supplier selection and auditing. Based on the results of the assessments, the company develops improvement measures and assists suppliers to make continuous improvement, hoping to improve the effectiveness of responsible supply chain management and reduce supply chain operation risks, and establish partnership that facilitate sustainable growth.
PLANET is committed to building a sustainable supply chain. To ensure the safety of supply chain working environment, protect the dignity of the employees, and align its business operations with environmental protection and code of ethics, the company has formulated supplier management regulations to jointly implement corporate social responsibility and create a sustainable value chain.
To fulfill its commitment of responsible production to customers and lead suppliers towards sustainability, PLANET has developed a supply chain code of conduct and responsible mineral procurement policy. Suppliers are required to sign the supply chain code of conduct compliance statement to ensure compliance with PLANET’s requirements.
In 2021, PLANET set its annual goals and strategies to continuously promote supply chain management in accordance with the aforesaid responsible supply Chain management strategies, and has successfully achieved the planned goals.
In 2022, PLANET further introduced a new version of ESG sustainable auditing, hoping to lead its partners of the entire supply chain to march forward.
In 2022, PLANET completed the RBA auditing for the first time, with the aim to lead its supply chain partners to march towards sustainability.
Integrity and honesty are the most important qualities that PLANET considers when selecting its suppliers. Suppliers are regarded as partners of PLANET, and among which, Taiwanese companies account for around 77.88% of all suppliers. PLANET maintains open communication channels and good business relations with all suppliers. In response to future environmental trends, PLANET is placing greater emphasis on working with chip manufacturers that offer energy-saving designs. PLANET has also signed the “Declaration of Compliance with Supply Chain Code of Conduct” with its suppliers (excluding spot traders) to ensure the trading of green products.
The contents of the Declaration of Compliance with Supply Chain Code of Conduct include the “Supply Chain Code of Conduct”, the “Environmental Protection Specification for Green Products” and the “Responsible Mineral Procurement Policy”.
In 2022, 100% of PLANET’s suppliers signed the “Declaration of Compliance with Supply Chain Code of Conduct”.
As a responsible corporate citizen of the world, PLANET is committed to refraining from the use of metals from conflict mines. The company also requires all its suppliers to strictly comply with PLANET’s Responsible Mineral Procurement Policy.
Rather than buying raw materials directly from smelters or refineries, PLANET buys components that do not contain conflict minerals. As part of its corporate social responsibility, PLANET prohibits the purchase of minerals from conflict zones and other high-risk areas in and around the Democratic Republic of The Congo to avoid human rights disasters and to reduce supply chain management risks.
PLANET has established its “Responsible Mineral Management Process” and the “Responsible Mineral Procurement Policy”. The company conducts responsible minerals information collection survey with its new and existing suppliers using the responsible minerals reporting template, which includes Conflict Minerals Reporting Template (CMRT) and Cobalt Reporting Template (CRT), etc., as recommended by the RMI. During the validation phase, suppliers are required to sign the Declaration of Compliance with Supply Chain Code of Conduct (containing conflict minerals declaration) and to complete the RMI forms. After that, PLANET carries out comprehensive controls to prevent the use of conflict minerals from non-conforming smelters and consolidates the responsible minerals information. For abnormal situations, the company's risk management measures include re-conducting the responsible minerals information collection survey and re-selecting materials or procurement of alternative materials.
PLANET sets up “green supply chain management system” to ensure that all our products are manufactured with least impact to our environment. PLANET is placing greater emphasis on working with chip manufacturers that offer energy-saving designs. PLANET has also signed the “Declaration of Compliance with Supply Chain Code of Conduct” with its suppliers (excluding spot traders) to ensure the trading of green products. PLANET also establish a "green supply chain management platform", cooperating with our suppliers to manage green products and carbon footprint in order to move towards a sustainable green supply chain.