NOVOSENSE Microelectronics, a semiconductor company specializing in high-performance analog and mixed-signal chips, has announced the completion and publication of its 2023 independent environmental, social and governance (ESG) report.

The detailed report outlines the company's progress against its targets and reaffirms its commitment to the UN's Sustainable Development Goals, particularly in the areas of the environment, ethics, and equity.

Environmental Impact:

NOVOSENSE has focused its business strategy on developing smart, connected semiconductors that reduce the environmental impact of the automotive and industrial energy systems.

The company has taken significant measures to reduce its own environmental footprint, including the construction of new energy-efficient facilities, the development of a server designed to reduce energy consumption by over 300,000 kWh per year, and the use of electric vehicles for business travel and delivery services.

Equality, Equity, and Staff Welfare:

NOVOSENSE has actively responded to the relevant UN Sustainable Development Goals, focusing on staff well-being, education, gender equality, economic growth, and equity.

The company has implemented various training programs, employee surveys, equal-opportunity and diverse-hiring policies, and open communication channels, such as regular 'Roundtable' events and 'Townhall Meetings'.

NOVOSENSE has also granted restricted-voting shares 507 times during the year to members across its 859-strong workforce, totaling 8 million shares to date.

Business Ethics:

The report highlighted steps taken by NOVOSENSE to uphold the relevant UN Sustainable Development Goals, focusing on the need to operate with integrity and abide by strong business ethics.

This includes anti-bribery, anti-fraud, and information security training sessions that have been rolled out to the company's workforce, as well as the implementation of a Personal Information Protection System and Personal Information Impact Assessment (PIA) Operation Guide to ensure compliance with data protection regulations and promote transparency in data handling processes.

"These independent evaluations of our operations allow us to continually learn and improve the ways in which we strive to reduce our impact, support our staff, and conduct our business," said Hugh Wang, Founder, Chairman and CEO of NOVOSENSE Microelectronics.       "They play a vital role in guiding our board and enable ever more positive steps to be taken."