VIS honors the principle of good faith, abides by an exacting code of professional ethics,
and takes social and humanitarian concern as the cornerstone of its business philosophy.
We uphold laws and regulations, dutifully meet our tax-paying obligations, pursue sustainability,
and continue to enhance shareholder's equity and employee benefits.
Technologically we promote and increase the proportion of power management ICs
and LED lighting products to directly contribute to our share of energy-saving wafer products.
We preserve environmental resources, implement environmental protection, and fulfill our corporate social responsibilities.
These are the long-term goals that VIS will continue to emphasize and strive to fulfill.
To implement corporate social responsibility on a long-term basis and to act on our concern for the overall development of the society,
we have established the “VIS Corporate Social Responsibility Policy” as our commitment to abiding by professional ethics in business operations,
undertaking our share of responsibility for environmental protection, providing a safe work environment and upholding the interests of employees.
Below is the VIS corporate social responsibility policy, which provides important guidelines for our continuing efforts to be a positive force in the society.
VIS Corporate Social Responsibility Policy
VIS commits to embrace, support and enact, within its sphere of influence, to the extent of applicable laws,
a set of internationally recognized standards in the areas of business ethics, employee rights, health and safety, and the environment.
Our management further commits to put up a management system for ensuring the compliance of the Company and its next tier suppliers to this set of standards and their continual improvement.
VIS follows the corporate governance best practice principles, complies with relevant laws and regulations, establishes an effective corporate governance framework, strengthens the power of the board of directors and fulfills the function of audit committee. VIS develops its normal business and safeguards the shareholders’ interests, in the meantime, pays attention to stakeholders’ interests, enhances the disclosure of information and improves information transparency on corporate governance.
VIS upholds integrity in employee and executive conducts in all business activities and internal interactions.
Business books shall be clean, transparent, compliant to applicable regulations and accurately reflecting the financial performance and health of the Company.
VIS will work against corruption in any and all forms, including extortion, bribery and embezzlement.
VIS respects intellectual property rights of others and establishes tight control in protecting customers’ intellectual property as well as trade secrects.
VIS supports the internationally proclaimed human rights of employees, and treats them with dignity and respect, without discrimination of any kind.
No inhumane treatement, including sexual harassment, corporal punishment, mental coercion or verbal abuse, shall be tolerated.
Employee workweeks are not to exceed the maximum set by local law. All works are voluntary and employees are free to terminate their employment at any time. VIS employs no child labor.
Employee compensation shall comply with all applicable local laws, including minimum wages, overtime pay rates, labor, medical and group insurances, fringe benefits and severance/retirement pays.
Employees are free to join or organize labor unions in accordance with local laws. Elected employee representatives meet with management once every quarter to communicate grievances and solutions.
Health and Safety
VIS recognizes its utmost responsibility is to provide a healthy and safe work environment for its employees and to enhance company’s global competitiveness.
VIS is diligent in the risk management, legal compliance and self auditing to achieve continued improvement.
VIS, as a global citizen, undertakes precautionary approach to minimize adverse effects of its manufacturing operation on the community,
environment and global warming, and continuously invests in the development and deployment of environmentally friendly technologies.
VIS CSR Activities & Performance
In order to maintain sustainable business operations, VIS will fulfill the responsibilities of a good corporate citizen
In terms of economic activities, VIS will continue to provide competitive manufacturing process technologies and services, and enhance its business performance to maximize the economic value for its shareholders, employees, and society.
With the gradual recovery of the European and U.S. economy, the semiconductor industry increased in growth compared with the previous year, generating a revenue of NT$25.83 billion in 2016, an 10.8% rise from 2015, while maintaining stable profit at net income after tax of NT$5.54 billion at NT$3.35 earnings per share. The return on shareholders' equity was 19.7%. Domestic procurement amounted to NT$3.2 billion in 2016, which accounted for almost half of the Company's total procurement for the year. VIS has contributed over NT$18 billion in domestic over the past 5 years (2012-2016).
In 2016, the Company's Board of Directors was rated as exhibiting outstanding performance by the Taiwan Corporate Governance Association.
2. As for environmental protection, VIS maintained the spirit of continuously improving its environmental protection practices and health and safety management. In compliance with the ISO 14001 and OHSAS 18001 standards, VIS maintained the environment, safety, and health performances of its manufacturing plants at levels exceeding the standard requirements. VIS demonstrated greater than 90% efficiency for its handling of air pollution prevention; greater than 85% water recycling processing rate (more than 70% for Fab 3); greater than 92% waste recycling rate (more than 87% for Fab 3); zero accidents, and less than 2 abnormal incidents per year. The table below summarizes the overall environmental, safety and health performance of the Company in 2016:
|Corporate Social Responsibility Issues
||Performance Indicator or Criteria
||Future direction/Continual Action Plan
In 2016, the electricity consumption per unit area of wafer is reduced by 3% compared with 2015.
In 2021, the electricity consumption per unit area of wafer is reduced by 10% compared with 2016.
||12% less electricity per unit area of wafer was consumed in 2016 compared with 2015, achieving the goal of energy conservation for 2016
||Continue to introduce ISO 50001 Energy Management System
Continue to install energy-efficient and energy recycling systems
||Reduce the intensity of volatile organic compound (VOC) emissions
In 2016, the intensity of VOC emissions is reduced by 2% compared with 2012%
In 2021, the intensity of VOC emissions is reduced by 4% compared with 2012
||In 2016, the intensity of VOC emissions is reduced by 2.3% compared with 2012
||Continue to encourage the reduction of VOC emission
Continue to improve treatment equipment efficiency
||Fab1/Fab2: Greater than 85% water recycling processing rate
||Water recycling processing rate (%)
||Fab1/Fab2: Greater than 85% water recycling processing rate
||Continue to promote process optimization for reduction of water consumption
|Fab3: Greater than 70% water recycling processing rate
||Fab3: Greater than 70% water recycling processing rate
||Increasing recycling rate of industrial waste (%)
In 2016, the recycling rate of industrial waste exceeded 90%
|Recycling rate of industrial waste (%)
||In 2016, the recycling rate of industrial waste exceeded 90% for seven years in a row
In 2016, only 0.23% of industrial wastes were buried; the percentage is maintained at less than 0.5% for seven consecutive years
|Continue to promote waste reduction and waste recycling/reuse
Cooperate with vendors to develop new waste recycling technologies
|Prevention and Control of Pollution
||Achieve zero pollution (e.g., waste gas, wastewater, underground pollution)
||Inspection pass rate (%); no violations according to inspections by the competent authority
||100% pass rate achieved in 2016
||Continue to promote ISO 14001 Environmental Management System
|Occupational Health and Safety
||Provide safe and clean work environments for employees
Reduce disabling injury frequency and severity of disabling injuries
|Number of catastrophic occupational hazards
Disabling injury frequency and severity of disabling injuries
|There were no incidents of catastrophic occupational hazards (including injuries and occupational diseases)
Employee disabling injury frequency and severity of disabling injuries were lower than the average value of the domestic semiconductor industry for three consecutive years and were lower than the average value of the domestic electronic component industry for five consecutive years
|Ensure workplace safety and prevent the occurrence of occupational diseases
Become a world-class benchmark with the lowest disabling injury frequency and severity of disabling injuries
|Damage Prevention and Control
||Reduce property losses caused by accidental incidents (including natural disasters)
||Number of fire disasters
Amount of property losses caused by fire disaster
|There were no accidental incidents arising from fire disasters
There were no property losses caused by fire disaster
|Prevent fire-related accidental incidents and become the benchmark company that achieved the best damage prevention performance in the industry
Reduce property losses caused by earthquake
3. In terms of social justice, the Company will do its best to contribute to the community by allocating more resources, sponsoring charity events, promoting cultural education, and participating in arts/cultural activities. In 2016, VIS has integrated volunteer groups formed by its employees and established activity groups based on the requirements of care recipients. In addition, VIS will effectively utilize its resources to efficiently promote various charity events and provide services to those in need. In 2016 VIS gave back to the community by donating NT$7,383,000 to charity and disadvantaged groups. Regarding employee benefits, the total cost of employee benefits in 2016 grew to NT$6.57 billion, a 11% growth from 2015; this increase reflected the Company's continued efforts in caring for and rewarding its employees. The CSR Committee will continue to hold regular meetings, during which committee members will discuss and plan relevant activities that are beneficial to society or charitable causes.