Commitments to Sustainable Development
PLANET makes sustainable development a part of its core business strategy as well as the bedrock upon which its core values and corporate culture are based. The Company closely monitor economic, environmental and social issues across the world so as to optimize its corporate governance and fulfill its corporate commitments. At the same time, PLANET proactively engages in environmental sustainability and participates in social activities. All these commitments have created positive influence for the society in a long term and further enhanced the value of its brand. PLANET strongly believes that only enterprises embrace social responsibility for various aspects of society can secure the recognition of all stakeholders and realize sustainable development.
Corporate Vision and Mission
PLANET is committed to becoming the leader of innovative network and communications products and solutions in the global market. Over the years, the Company, adhering to the principles of integrity and excellence, altruism and mutual benefits, innovation and sustainability, has been providing innovative and sustainable network and communications equipment and solutions to the market under its brand “PLANET”. At the same time, the Company actively improves its ESG performance, fulfills its corporate social responsibility, and creates sustainable corporate value.
ESG Blueprint
PLANET strongly focuses on meeting the Environmental, Social, and Governance (ESG) criteria to ensure sustainable investment, and proactively integrates the UN’s SDGs with its sustainable development. We will continue to fulfill our corporate social responsibility and strive for globally sustainable economic, social and environmental developments.
Sustainability Policy
- Implementing sound corporate governance
Ensure the adherence to code of business ethics, the independence of the Board, transparent disclosure of financial information, protection of shareholders' interests, labor rights and fair competition, and ESG risk management. - Achieving highest level of corporate commitment
Committed to strategic partnerships with customers and suppliers, employees’ training and care, and R&D enhancements. - Striving for environmental sustainability
Promote recycling, energy savings and carbon reduction, green product development and manufacturing, and create a sustainable supply chain. - Social engagement to create long-term benefits
Apply core corporate competencies to realizing the long-term benefits of social engagement.
Sustainability Commitments
- Maintain strong corporate governance and adhere to the law and business ethics
- Provide employees with a healthy and safe workplace
- Embrace employees’ working interests by fully developing their talents and capabilities
- Invest in the R&D of eco-friendly products with the notion of environmental protection and energy savings in order to achieve carbon neutrality
- Create a win-win partnership with customers and suppliers
- Provide transparent disclosure of financial information
- Create value and enhance shareholders’ interests
- Fulfill our role as a global corporate citizen by contributing to the community
Sustainable Development Committee and Sustainability Team
PLANET’s Sustainable Development Committee, formerly known as the Corporate Social Responsibility Committee, is the company's top unit in charge of its sustainable development issues. The committee was originally set up in accordance with the operation of the Company, and was formally established as one of the functional committees of the Board of Directors on December 22, 2020.
The committee has five members, including three independent directors, and reports to the Board of Directors on the Company’s CSR implementation and performance at least twice a year, with the aim to comprehensively optimizing its ESG policy and implementation performance.
In line with the international trend, the name of PLANET’s “Corporate Social Responsibility Committee” was officially changed to “Sustainable Development Committee” with the approval of the Board of Directors on February 24, 2022, which would lead the Company to better achieve its sustainable development goals.
PLANET’s Sustainable Development Committee sets sustainability plans and goals based on the sustainable development direction of the Company after considering the overall environment, key issues of concern to stakeholders and industrial development trends. The Company takes a strategic, long-term approach to regularly review the accomplishment of goals and its performance.
At the same time, the Company constantly improves the level of its sustainable development so as to make its ESG practices reach the desired breadth and depth, and to satisfy the investors (shareholders), employees, customers, suppliers, and other relevant stakeholders of the company.
At the operational level, PLANET has a “Sustainability Team”, which implements sustainable policies and objectives, formulates sustainable development strategies and plans and executes these plans.
PLANET’s Sustainability Report is compiled by the Sustainability Office and is subject to the approval of the Chief Sustainability Officer, who reports to the Board of Directors at least twice a year on the implementation of the Company’s sustainable development plans.
