VTech Holdings Limited
2
VTECH APPROACH
Chairman’s
Message
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.
Since its inception in 1976, VTech
has grown from a local technology
company in Hong Kong into a
global leader in electronic learning
toys from infancy to preschool
2
,
the world’s largest manufacturer of
cordless telephones
3
, and a leading
electronic manufacturing services
provider. During this incredible journey,
VTech has successfully developed
sustainability strategies for the long-
term development of the Company,
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
which we operate.
As a global company and a
responsible corporate citizen in
our local communities, VTech
believes that our determinations and
commitments toward sustainability
not only serve as the cornerstone
for our sustainable growth, but also
create new business opportunities and
improve the economic performance
of the Company. The launch of our
well-received eco-friendly products is
one of the examples. In addition, our
energy and resources management
programmes in green manufacturing,
which have not only helped us to
reduce the electricity consumption
and thus carbon emissions to the
environment, but also have improved
our productivity and cost efficiency.
As our global footprint and market
penetration continue to expand, VTech
recognises that we have an increasing
responsibility to design and produce
high quality products with sustainability
concepts for our customers, protect
the environment from our operations,
provide a decent and safe working and
living environment for our employees,
and achieve international ethical
standards across the Company and our
global supply chain. In our Sustainability
Report 2015, you will notice that our
sustainability approaches and activities
have generated meaningful benefits for
our stakeholders. Some of our major
achievements are also highlighted
in the Sustainability Report 2015. In
addition, you will also find out how our
enthusiastic employees serve the local
communities through our programmes
on “Support People in Need” and
“Collaborate with Local Charities”,
which support social investments and
voluntary activities mainly targeting on
children education, poverty alleviation
and local community outreach.
Our sustainability strategies and efforts
continue to focus on five key areas –
product responsibility and innovation,
environmental protection, workplace
quality, sustainable operating practices
and community investment. We have
also engaged with our stakeholders
by conducting materiality assessment
surveys to identify and address their
material issues and concerns on our
sustainable development.
Moving forward, in order to ensure
that our continuous improvement
programmes and approaches on
sustainability could be carried out
effectively and consistently throughout
the Company and in a sustainable
manner, we have established a
Sustainability Plan 2020 for the financial
years from 2016 (FY2016) to 2020
(FY2020). It has not only identified our
short-term goals with activities to
be achieved in FY2016, but also
defined the actions and programmes
to be implemented toward the
achievement of our long-term targets
in FY2020. 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 for our customers, employees,
shareholders, investors, suppliers and
the communities.
Allan WONG Chi Yun
Chairman
19 May, 2015
2 Source: MarketWise Consumer Insights, LLC and NPD Group Retail Tracking Service. Ranking based on 2014 total
estimated annual retail sales in the combined toy categories of infant electronic learning and preschool electronic learning.
3 Source: MZA Ltd, 2015
