VTECH APPROACH
Chairman’s Message
Since its inception in 1976, VTech
has grown into the global leader in
electronic learning products from
infancy to preschool
1
, the world’s largest
manufacturer of cordless phones
2
, and
a leading electronic manufacturing
services provider. As a global company
and part of the communities in which
we operate, VTech recognises that we
have to step up our efforts to achieve
sustainable development, with a vision
to design, manufacture and supply
innovative and high quality products
in a manner that minimises any impact
on the environment, while creating
sustainable value for our stakeholders
and the communities.
In the financial year 2013, we formally
developed and implemented
sustainability strategies and initiatives,
and published them in the Sustainability
Report 2013. We are pleased to
announce that passing through the
financial year 2014, our approach
and initiatives have become more
comprehensive and are generating
meaningful benefits for our stakeholders.
Some of our major achievements are
highlighted in the Sustainability Report
2014, with a summary of activities and
targets to be followed moving forward.
Our sustainability strategies and
efforts focus on five key areas –
product responsibility and innovation,
environmental protection, workplace
quality, sustainable operating practices
and community investment. These
are underpinned by an engagement
approach to addressing the material
issues and concerns identified by
our stakeholders. We have actions
and targets in place, including the
incorporation of sustainability concepts
into our product design, improvement
of energy and resource efficiencies
in our operations, and provision of a
decent and safe working and living
environment for our employees.
VTech also uses its global leadership
position in electronic learning toys
to engage children with sustainable
growth, help them to inspire their
creativity and develop valuable skills
from the early age of their educational
development. We have also extended
our sustainability efforts in the supply
chain by engaging and supporting
our suppliers to further improve our
supplier sustainability management
system, with a mission to make greater
contributions to the environment and
the communities in the long run.
VTech has solid foundation in product
development, market leadership,
efficient operations and strong financial
position. We believe that we are able
to achieve sustainable growth through
our strategies on further market share
gains in core and new market segments,
expanding our geographical presence,
providing innovative products and
services for our customers, and further
enhancing our operational efficiencies
to mitigate the operational risks and
cost pressures. We also strive to balance
the impacts of economic growth,
environmental protection and social
responsibility in our strategic business
plan, aiming to drive sustainable value
and development for our stakeholders.
Allan WONG Chi Yun
Chairman
22 May, 2014
Our sustainability vision is to design, manufacture and
supply innovative and high quality products in a manner that
minimises any impact on the environment, while creating
sustainable value for our stakeholders and the communities.
1
Source: MarketWise Consumer Insights, LLC and Retail Tracking Service of NPD Group. Ranking based on 2012 and 2013 total estimated
annual retail sales in the combined toy categories of infant electronic learning and preschool electronic learning.
2
Source: MZA Ltd, 2014
VTech Holdings Limited
2
