VTECH APPROACH
VTech’s Approach to
Sustainability
VTech’s sustainability strategy is built upon one of our core corporate values – delivering above and beyond expectations. The
section of Stakeholder Engagement describes our approach to understanding material concerns of our stakeholders and how it
guides the key performance indicators (KPIs) against which we report. However, to deliver above expectations means that this
report covers not only the material aspects identified by our external stakeholders, but also those aspects in which our business
activities would have benefits either economically, environmentally or socially. For example, VTech’s supply chain management
and logistics arrangement are considered as relatively low in materiality by our external stakeholders, but we believe that they are
important contributors to the improvement of our overall sustainability performance and thus we have included them in our
sustainability activities.
Sustainability Management within VTech
VTech believes that as a sustainable company, we have to balance the impacts of economic growth, environmental protection
and social responsibility on our sustainability. We also incorporate these factors in our sustainability strategies with activities
focused in the following five areas:
At VTech, our RMSC provides vision and
strategic direction for our sustainability
activities to ensure that we stay on
track and in balance with the three
sustainability dimensions of economic,
environmental and social impacts at all
times. The RMSC is also responsible for
reviewing our sustainability strategies
and improvement activities, assessing
how the policies are implemented
in achieving the sustainability goals
and targets, and monitoring the
performance progress on a biannual
basis. We also have an escalation process
in place to ensure that any identified
issues are dealt with at the appropriate
organisational level.
Environmental
Protection
Product
Responsibility
& Innovation
Workplace
Quality
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Sustainable
Operating Practices
Community
Investment
Risk Management
and
Sustainability
Committee (RMSC)
VTech Holdings Limited
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