Implementing transparent governance to enhance the competitiveness
Based on the business philosophy of integrity, transparency, and responsibility, Compal has established a sound corporate governance and risk control mechanism, including setup of independent directors, the Remuneration Committee, Audit Committee, Risk Management Committee, and Sustainable Development Committee, to ensure the fairness and long-term stability of business decision-making. The Company also continues to strengthen the diversity of the Board of Directors. In 2024, the number of independent directors has increased to five (including one female), accounting for 33%, while engaging external professional institutions to conduct external performance evaluations of the Board of Directors, further improving the transparency of governance and decision-making effectiveness.
In 2024, Compal outperformed in the global sustainable evaluation. Its Dow Jone's Sustainability Index (DJSI) scores increased significantly by 124% compared to two years ago, and the Company was successfully selected for the S&P Global Sustainability Yearbook, with the Best Progress Award, ranking among the top 10% in the global computer, peripheral, and office electronics equipment industry.
In addition, we also won the Top 100 Sustainable Model Enterprise Award (comprehensive performance) of the Taiwan Corporate Sustainability Awards (TCSA), and the Traditional Manufacturing Industry Platinum Award (Chinese version) as well as the Global Corporate Sustainability Golden Awards (English version) of the Global Corporate Sustainability Awards (GCSA), demonstrating our in-depth cultivation and achievements in the field of corporate sustainability.
The sustainability performance of Compal has been recognized by the capital market and institutional investors, by being selected as a component of the FTSE4GOOD Index, TIP Customized Environmental Sustainability Dividend+Index, FTSE4Good TIP Taiwan ESG Index, TWSE RAFI® Taiwan High Compensation 100 Index, and TWSE RA Taiwan Employment Creation 99 Index consecutively. Meanwhile the Company is ranked 6th in the manufacturing industry of the "Top 2000" by Common Wealth Magazine. This shows that the market has greatly recognized the sustainable value of Compal.
Transformation towards a net-zero environment for creating a sustainable environment
The climate change has become an indispensable issue in the management of global enterprises. In 2024, Compal officially joined RE100, and it is promised that 100% of renewable energy will be achieved by 2050. The Company has passed the Science Based Targets Initiative (SBTi) certification, steadily promoted green transformation, and continuously been moving towards the net zero emission target by 2050.
We actively promote green product innovation, from product design, manufacturing to supply chain management, to reduce environmental impacts in all aspects. For example, in cooperation with our customers, we launched the first model of carbon footprint (ISO 14067:2018) and carbon neutrality (PAS 2060:2014) certified by a third party, demonstrating our commitment in green technology.
In addition, Compal has been selected for the Top 100 Enterprises with the carbon competition by Business Weekly for three consecutive years, and ranked 8th in 2024. The Company has also actively participated in the public campaign, "My Carbon Reduction Passbook" in Taipei, New Taipei City, Keelung and Taoyuan, and won the champions among the corporate carbon reduction group in these four cities, demonstrating our firm commitment and outstanding results in climate actions.
Strengthen the sustainable supply chain and create low-carbon value jointly
In 2024, Compal integrated 14 internal sustainability policies based on the latest Code of Conduct - Responsible Business Alliance, RBA Version 8.0, and particularly emphasizes the biodiversity and natural ecological protection. It has successfully achieved 100% signing rate with key suppliers (including general affairs procurement), demonstrating its high commitment to responsible supply chain management.
Compal actively promotes the One + N electric supply chain net zero acceleration program. As of 2024, the Company has partnered with suppliers to reduce carbon emissions by 12,879 tCO₂e in cumulatively, demonstrating its leadership in industrial carbon reduction. We also actively promote the suppliers to participate in the Carbon Disclosure Project (CDP) to help the suppliers to implement scientific carbon management. In 2024, Compal officially invited Level 1 and key suppliers to participate in CDP, and successfully assisted 246 suppliers to submit and disclose environmental data, demonstrating its prompt execution ability in promoting sustainable development with supply chain partners.
Creating an inclusive culture with happy workplace
Employees are the most important assets of an enterprise. It is the sustainability cornerstone of an enterprise to cultivate and look after employees. Compal, through its diversity, equity, and inclusion (DEI) policy, has built a better resilient workplace culture, allowing employees to grow in an equal environment full of opportunities in 2024, the share of female employees increased to 38.45%, and the share of female officers rose to 30.04%. We will continue to promote gender equity and talent diversity to ensure that all employees to receive fair development opportunities.
In terms of talent cultivation and retention, the key position retention rate in 2024 reached 94%, indicating that employees have a high level of recognition and stability with the Company. In order to enhance the professional skills and career development of employees, the average training hours of the management have been increased to 24.88 hours. In addition, the Company continues to invest in the Gap of Learning and Field (GOLF) professional talent education and training programs, fully demonstrating our long-term commitment to talent cultivation.
In response to the challenge of low birth rate and to reduce the burden of commuting during pregnancy, we provide flexible work programs. Employees may apply for working 30 days away before giving birth, to choose suitable workplaces flexibly. After giving birth, the Company provides child care and maternity leave, better than the statutory requirements, for totaling 90 days of paid child care benefits, to ensure employees to receive sufficient rest and time with their children. Additionally, the employees are entitled to NT$66,000 birth subsidies. Between 2011 to 2024, Compal has paid out NT$239.71 million in subsidies for a total of 3,632 newborn babies. The Company is recognized with the Golden Award of Happy Enterprise Grand Prix by 1111 Job Bank in 2024
Fulfilling the corporate responsibility and making the social difference jointly
Thanks to the combined efforts of all Compal employees and the Group’s “Hsu Chauing Social Welfare Charity Foundation”, colleagues participated in public welfare activities for total 5,538 participants, and the total investment exceeded NT$ 45 million in 2024. Beneficiaries were about 322,548. Compal has been supporting the Hsu Chauing Social Welfare Charity Foundation for many years. The foundation has been awarded the "Arts Education Contribution Award" by the Ministry of Education” in 2024, evidencing its influence over public welfare.
- For consecutive 17 years, Compal has sponsored “Compal’s Reading Volunteer Program”, 24,185 students have been benefited in aggregation.
- Under the “Study Well Program” in 2024, 165 desk lights were donated to help disadvantageous students to study at home. Meanwhile, Compal and Hsu Chauing Social Welfare Charity Foundation have been working together for 14 years,up to now, 6,806 portable digital devices and 15 desktop computers have been donated.
- Company has been supporting the "Kangaroo Project" of the Rural Education Care Center of Fujen Catholic University for six consecutive years, providing physical tutoring supports for disadvantaged students in the community, and was awarded the "Silver Award" by the Ministry of Education.
- During the 5th year, the Company has joined the Kaohsiung City Library to implement the "ESG Reading in Rural Towns Project," serving the students and residents of library communities in the Qishan, Liouguei, and Meinong areas, and a total of 34,844 people have benefited0
- In the 4th "Non-Stop Public Welfare" event, 1,083 colleagues participated in the "Donating Moon Cakes for Public Welfare" project. A total of 4,292 moon cakes made by the autism patients in shelter factory were sent to disadvantaged children all over Taiwan.
In order to improve the physical and mental health of the employees, Compal has co-sponsored the "Taipei Tech Cup for Earth Public Welfare Runners." for four consecutive years. The Company also actively organizes beach cleaning, wet land conservation, blood donation and volunteer activities, seeking to feed back to the society through the integration of the power of the Company and its employees.
Investing in technology innovation and driving industry upgrades
Compal insists the spirit of innovation, and continuously deepens technology R&D. With abundant industrial experience, we continue to challenge and break through, to provide high-level products and services to customers. In 2024, 20 of Compal products won the iF product design award in Germany, again demonstrating our excellent performance in the field of innovative technology.
Embracing the coming artificial intelligence (AI) era, Compal actively deploys AI technology, and fully introduces AI to product development and operation management. In terms of product application, we focus on the R&D and manufacturing of AI PCs and AI servers, and further expand to the fields of smart medicare, automotive electronics and advanced communication, by developing high-performance AI solutions, to provide customers with innovative, energy-saving and high-performance products and meet the changing market needs.
In terms of operation management, Compal has also actively introduced AI to optimize design and R&D processes, and improve production efficiency and management performance, ensuring that the enterprise operation is smarter and digitalized. The dual track strategy of products and operations is not only our commitment to technology innovation, but also further promotes the industry's upgrade, providing technological solutions both innovative and sustainable.
Digital transformation leading a sustainable future
Since its establishment in 1984, Compal has been committed to technology innovation and industrial development. In 2024, to welcome the 40th anniversary, the construction of the smart innovation park for the headquarters of the Kinpo Group in BSTP has officially been commenced, marking a new milestone of the Company. Meanwhile, Compal has launched the NEXT digital transformation and AI application plan, to reform the Company's development track and working methods radically, and has strengthened operational efficiency and innovative competitiveness.
Looking to the future, Compal will fully exploit the technological capabilities accumulated by Taiwan's information and communication industry, continue to cultivate notebooks, smart devices, AIoT, automotive electronics, advanced communications, cloud servers, and smart medicare fields, to lead the birth of the next trillion-enterprise, and create more sustainable values for shareholders, customers, suppliers, and society.