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VTECH SUSTAINABILITY ACTIVITIES
VTech Holdings Limited
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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” 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 our
“Climate Change Strategy” to assess
how climate change could affect our
business operations, and minimise the
potential impacts on our sustainable
growth. We continuously review our
environmental management approach
and carbon reduction programmes in
order to manage our carbon emissions
in the supply chain and 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 has 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
Highlight
Total GHG emission per production output
decreased by 7.9% compared with FY2016
Step 4:
Monitor and Review
the Effectiveness of
BCP
Step 2:
Assessment of
Identified Risks
Step 3:
Establish
Measures and
Controls
BCM
Framework
of VTech
Step 1:
Identification of
Potential Event of
Disruption