Sustainability Report 2015
35
VTech has three core policies and
systems to ensure that we have
a sustainable operating practice
throughout the Company. We have
“Business Continuity Management”
programme to identify and mitigate
our potential operational risks, and
increase our resilience capability to
resume our operations in an effective
and timely manner. For the supply chain
management which is crucial for our
sustainable operations, we have a well
established “Supply Chain Management
System” and a good procurement
practice in place to monitor the
quality of our suppliers as well as their
environmental and ethical performance
in accordance with VTech’s CSR
requirements.
As an environmentally conscious and
sustainable company, VTech also
recognises that climate change could
create uncertainties in our business
development. We have developed
“Climate Change Strategy” to assess
how climate change could affect our
business operations, and minimise the
potential impacts on our sustainable
growth. As part of our environmental
management approach, our carbon
reduction programmes also help us to
manage our carbon emissions in the
supply chain and our daily operations.
Business Continuity
Management
Business Continuity Management
(BCM) is important for ensuring that
we always have a smooth business
operation. Our BCM programme not
only helps us to identify and mitigate
our potential operational risks, but also
increases our resilience capability to
resume our operations in an effective
and timely manner. VTech’s RMSC has
developed an internal risk management
structure at both the management
and operational levels, which clearly
defined the roles and responsibilities
in managing the potential risks in
the respective areas, and set up
procedures for the execution of our
Business Continuity Plan (BCP) in the
event of disruptions. At each of our key
business functions, the management
team who is responsible for BCM,
consisting of the senior management
at the operational level of the relevant
departments, is given the responsibility
for developing and executing the BCP
to ensure the continuous operation of
the critical and essential functions of the
Company in the event of emergency
or business interruption.
We have adopted a four-step BCM
framework to identify the events that
could affect our operation, assess the
identified risks, establish measures
and controls to manage the impacts
with recovery actions, and review the
BCP for continuous improvement on a
regular basis.
VTech has policies and systems in the areas of
Business Continuity Management, Supply Chain
Management and Climate Change Strategy to
ensure that we have a sustainable operating practice
throughout the Company.
Sustainable Operating
Practices
