Commitments to Sustainable Development

PLANET makes corporate social responsibility a part of its core business strategy as well as the bedrock upon which its core values and culture are based. We closely monitor economic, environmental and social issues across the world so as to optimize our corporate governance and fulfill our corporate commitments. We proactively engage in environmental protection and social welfare activities, and maintain a healthy and efficient corporate structure. All these commitments have further enhanced the value of our brand. We strongly believe that only enterprises that embrace social accountability for various aspects of society can secure the recognition of all stakeholders and realize sustainable development.

Corporate Vision and Mission

PLANET strives to become a leader of innovative network and communications products and solutions. PLANET upholds the business philosophy of integrity, innovation, quality and efficiency. We will continue to focus on developing IoT, IIoT, and IoV related products integrated with AI solutions to suit your business or community applications, thereby creating a smart city. Moreover, we will embed corporate social responsibility in our business operations and enable all our stakeholders to benefit from the sustainable development of PLANET.

ESG Blueprint

PLANET strongly focuses on meeting the Environmental, Social, and Governance (ESG) criteria to ensure sustainable investment, and proactively integrates the UN’s SDGs with its sustainable development. We will continue to fulfill our corporate social responsibility and strive for globally sustainable economic, social and environmental developments.

Sustainability Policy
  • Implementing sound corporate governance
    Ensure the adherence to code of business ethics, the independence of the Board, transparent disclosure of financial information, protection of shareholders' interests, labor rights and fair competition
  • Achieving highest level of corporate commitment
    Committed to strategic partnerships with customers and suppliers, employees’ training and care, and R&D enhancements
  • Striving for environmental sustainability
    Promote recycling, energy savings and carbon reduction, and green product development and manufacturing
  • Social engagement to create long-term benefits
    Apply core corporate competencies to realizing the long-term benefits of social engagement
Sustainability Commitments
  • Maintain strong corporate governance and adhere to the law and business ethics
  • Provide employees with a healthy and safe workplace
  • Embrace employees’ working interests by fully developing their talents and capabilities
  • Invest in the R&D of eco-friendly products with the notion of environmental protection and energy savings
  • Create a win-win partnership with customers and suppliers
  • Provide transparent disclosure of financial information
  • Create value and enhance shareholders’ interests
  • Fulfill our role as a global corporate citizen by contributing to the community
Sustainable Development Committee

PLANET’s Sustainable Development Committee, formerly known as the Corporate Social Responsibility Committee, is the company's top unit in charge of its sustainable development issues. The committee was originally set up in accordance with the operation of the company, and was formally established as one of the functional committees of the Board of Directors on December 22, 2020. The committee has five members (including three independent directors) and reports to the Board of Directors on the company’s CSR implementation and performance annually, with a view to comprehensively optimizing its CSR policy and implementation performance.

In line with the international trend, the name of the company’s “Corporate Social Responsibility Committee” was officially changed to “Sustainability Committee” with the approval of the Board of Directors on February 24, 2022, which would lead the company to better achieve its sustainable development goals.

Sustainability goals are set by the Sustainable Development Committee based on the sustainable development direction of PLANET after considering the key issues of concern to stakeholders. The company takes a strategic, long-term approach to regularly reviewing the accomplishment of goals and performance. The committee members are heads of relevant units of the company. At the same time, the company constantly improves the level of its CSR implementation so as to make its CSR practices reach the desired breadth and depth, and to satisfy the investors (shareholders), employees, customers, suppliers, members of the society and other relevant stakeholders.

The Sustainable Development Promotion Team is responsible for implementation of the CSR policies and measures on the company’s operational level. The team members are appointed by the president, on the highest management level of the company, with the vice president as the convener. The four senior executives with professional competence, namely CFO, CTO, CEO and the president’s special Assistant, serve as members of the team.

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