The Asia Responsible Enterprise Awards (AREA) 2023 is pleased to honor 78 outstanding business leaders and enterprises for championing sustainable and responsible business practices. Presented by leading regional NGO Enterprise Asia, the AREA is the most reputable award recognition program recognizing organizational efforts in creating a culture of compassion, integrity, and in being socially responsible corporate citizens. The AREA serves as a badge of excellence to spur further innovation and best-practice for sharing about the organization and the world at large.
Excellence Optoelectronics Inc. (EOI) was among the recipients who were conferred with the Social Empowerment, Corporate Governance, and Corporate Sustainability Reporting Awards. As an IATF-16949 certified company, its products are guaranteed to be of high quality and high performance. With its strong capabilities in optical, mechanical and electrical designs, and precision measurement, the company can supply high-efficiency LED components and modules to serve its customers with total technical solutions.
For its Social Empowerment Award, EOI is collectively driving the creation of a diverse and thriving “Hsinchu Science-Based Industrial Park ecosystem”. This initiative aims to facilitate sustainable advocacy among businesses and promote cross-industry exchanges among employees, resulting in increased societal well-being and value creation, ultimately fostering coexistence, prosperity, and shared benefits.
Since EOI initiated the cross-enterprise employee social and charity activities in the Hsinchu Science Park, friendly companies in the Jhunan Park also invited EOI in the same year to jointly organize the “Christmas United Charity Event”. Employees were called upon to donate supplies and work together to help local elderly individuals in need, ensuring their physical well-being and uplifting spirits during the cold winter season.
For its Corporate Governance Award, EOI has focused on LED energy-saving and carbon-reduction products as its main business since its establishment. The company does its best in promoting environmental protection, actively participating in social welfare initiatives, and placing great importance on its corporate governance.
In 2011, EOI took the lead in appointing three independent directors and establishing a compensation committee to strengthen its corporate governance. In 2020, EOI established the “Corporate Governance and Sustainable Operation Committee” and appointed a corporate governance officer. The company has also formulated the “Group Risk Management Policy” to identify, assess, control, supervise, and communicate potential risks, serving as a reference for strategic decision-making.
As part of its achievements, EOI’s sustainable management philosophy has been recognized in the corporate governance evaluation conducted by the Taiwan Stock Exchange, with continuous improvement over the past two years. The company has advanced to the ranking of the top 6%-20% among listed companies, with a higher total score of 99.82 compared to the previous year.
For its Corporate Sustainability Reporting Award, EOI has long emphasized forward-looking learning and innovative breakthroughs within the team and has been implementing ESG comprehensively since 2011 by introducing ESG concepts and knowledge to its talents.
While pursuing profits for shareholders and investors, the company also strives for the sustainable development of employees, society, and the environment. Through the corporate vision of “Creating a Better Future for Humanity”, EOI continues to innovate and develop green and energy-efficient products, leveraging its proud spirit of innovation and a strong R&D team. The company aligns itself with the global trends of green, energy efficiency, and environmental protection, gradually striving to achieve the goal of “Net Zero carbon emissions” ahead of time. The company hopes to ensure the fairness and correctness of all financial, environmental, and social information and data in this report through external third-party verification and rigorous internal control and verification mechanisms. This is an inescapable responsibility of all internal and external stakeholders who care about EOI.
About Enterprise Asia
Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs and other organizations to promote competitiveness and entrepreneurial development, in uplifting the economic status of people across Asia and in ensuring a legacy of hope, innovation and courage for the future generation. Please visit https://www.enterpriseasia.org/ for more information.
About Asia Responsible Enterprise Awards (AREA)
The Asia Responsible Enterprise Awards program recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship in the categories of Green Leadership, Investment in People, Health Promotion, Social Empowerment, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. For more information, visit: https://enterpriseasia.org/area/.