Stakeholder Communication
Gemtek Technology identifies its key stakeholders in accordance with the five core principles of the AA1000 Stakeholder Engagement Standard (SES) and with reference to the GRI Standards (2021 edition). The assessment evaluates both the actual and potential negative impacts and positive influences the company may have on its stakeholders, as well as the materiality of those impacts. In 2024, following internal discussions among senior management, 8 primary stakeholder groups were identified: shareholders/investors, government agencies, employees, customers/distributors, banks, media, suppliers/contractors, and external rating agencies. This list remains unchanged from the previous year.
Stakeholder feedback is gathered through multiple communication channels and is used to guide future sustainability initiatives. A comprehensive report is also presented to the Board of Directors annually.
Stakeholder Engagement and Communication Channels
| Stakeholder | Significance to the Company | Material Topics | Communication Channels | Frequency of Communication |
Outcomes |
|---|---|---|---|---|---|
| Shareholders/ Investors |
Shareholders are key supporters of the company. The company is committed to protecting their rights and treating all shareholders fairly. It ensures that shareholders are fully informed of, able to participate in, and make decisions on significant corporate matters. |
|
|
Annually Immediately Monthly Quarterly Immediately Annually |
|
| Government Agencies | Adhering to regulations is fundamental to all business operations and activities. It is the company's responsibility and obligation to ensure compliance with the law to avoid legal violations or business shutdowns. |
|
|
Immediately Occassionally |
|
| Employees | Creating a diverse and inclusive workplace environment, establishing multiple communication channels, improving labor conditions and benefits, and fostering good labor-management relations enable employees to work with peace of mind, collectively striving towards organizational goals, and continuously growing to achieve sustainable operation and development. |
|
|
Quarterly Quarterly Quarterly Immediately Semi-annually Immediately Immediately |
|
| Customers/ Distributors |
Establish strong customer relationships and communication channels, increase customer satisfaction, reduce customer churn, improve service quality, and enhance the company's image, allowing for sustainable operation and development. |
|
|
Occasionally Annually Immediately Occasionally |
|
| Banks |
Banks are the primary source of operating funds. Through close communication and interaction with banks, we secure stable and competitive operating funds to ensure sustainable operations. |
|
|
Immediately Annually |
|
| Media |
The company can effectively communicate its operational status, performance, and future development strategies to the public, thereby enhancing market transparency and increasing investor confidence and awareness in the company. This approach helps gain support and trust from investors and consumers alike. |
|
|
Immediately Annually |
|
|
Suppliers/ Contractors |
Establish mechanisms to review sustainable operation partners, improve supplier risk management and efficiency, develop long-term green energy partners, sustain continuous procurement policy objectives, and work with suppliers to promote corporate social responsibility to jointly implement ESG. |
|
|
Immediately Quarterly Occassionally |
|
|
External Rating Agencies |
Through external rating agency verification, businesses can demonstrate their commitment and practices by actively complying with regulations, prioritizing employee safety and health, and maintaining good cooperation with government agencies. |
|
|
Immediately |
|
