Stakeholder Communication

Stakeholder Meetings

Phihong engages with its seven stakeholders through a diverse range of communication channels to understand sustainability-related issues of concern to them, and reports to the Board on an annual basis.


Through stakeholder communication and consultation mechanisms, Phihong communicates on issues at the environmental, social (including human rights) and corporate governance levels, with the goal of identifying and preventing the positive and negative impacts and effects of each issue.

Stakeholders TOP 5 Sustainability Concerns2023 Results of Response

Shareholder/Investor
  • Financial performance and profitability/ dividend policy.
  • Business strategy and outlook/ industry changes.
  • Integrity management and anti-corruption.
  • Climate-related financial risks report (TCFD).
  • Innovation & technology R&D.
  • Hold the annual Shareholder's meeting
  • Hold a legal conference.
  • Hold an extraordinary shareholders' meeting.
  • Regularly announce financial and corporate governance information.

Client
  • Adherence to responsible business alliance (RBA) code of conduct.
  • Greenhouse gas emissions & carbon reduction management.
  • Product quality and safety.
  • Risk management.
  • Product carbon footprint.
  • Revised and optimized customer satisfaction survey.
  • Customer satisfaction rate: 81.87% (Phihong).

Employee
  • Salary and benefits.
  • Occupational health and safety.
  • Training and education.
  • Employee care and support.
  • Hold regular quarterly labormanagement
    meetings and employee welfare committee meetings.
  • Organize annual performance appraisal, employee promotion and
    salary adjustment operations.

Supplier
  • Supplier ESG assessment.
  • Supplier carbon reduction management.
  • Raw material quality management.
  • Conflict minerals & hazardous substances management.
  • 85% of our core suppliers signed the Integrity Pledge, a 3% increase from the previous year.
  • We conducted 33 new supplier audits (QSA) and 85 supplier audits (QPA).

Community
  • Wastewater discharge and waste management.
  • Environmental issues such as air pollution.
  • Social welfare.
  • Community service.
  • Environmental monitoring rate for
    wastewater discharge reached 100%, complying with regulatory requirements.
  • Continued donations to environmental
    cleaning at orphanages, nutrition & donations to the Guishan Elementary
    School little league team, donations to
    the 100 NTD Club, and charity events
    like "Sending Love to Africa."

Government Agency
  • Corporate governance and
    integrity management.
  • Integrity in business operations & regulatory compliance.
  • Investor protection.
  • Financial disclosure related to climate change (TCFD).
  • Regular disclosure of operational information on the public information observation station.
  • Ranking 51%-65% in the 10th
    Corporate Governance Evaluation.

Non-profit Organization
  • Financial disclosure related to climate change (TCFD).
  • Carbon Disclosure Project
    (CDP).
  • Science-Based Target's initiative (SBTi).
  • Social participation and
    public welfare.
  • Response to CDP Climate Disclosure Project, achieving C grade.
  • Compliance with and response to SASB/TCFD guidelines.
  • Recognition with the TCSA Taiwan Corporate Sustainability Award, Gold Award.