We value our reputation and are committed to maintaining the highest ethical standards and professional competence. Our employees and business partners are strictly required to comply with applicable anti-corruption and anti-bribery laws and regulations in the countries where we operate. Meanwhile, we pay attention to various regulatorions that may have an impact on the Company’s finance and operations so as to ensure that none of the Company’s operating activities are illegal. We have also formulated relevant regulations, popularized education and training, and created smooth communication channels for all employees and business partners to engage and jointly fulfill corporate social responsibilities to promote sustainable economic, social, and environmental development. In 2024, there were no major illegal incidents and penalties suffered by the company.
As a part of the global supply chain of the network communication industry, UfiSpace has developed a sustainable supply chain policy and the procedures for sustainable procurement and supplier management, thereby showing our commitment to valuing labor rights in the supply chain management and procurement process, and ensuring that our suppliers are consistent with the spirit of sustainable procurement and social responsibility. For some suppliers, the Company conveys the concept of social responsibility and promotes various international social responsibility standards on an irregular basis, provides such suppliers with the information on the Company’s “Sustainable Development Policy” (including labor and human rights protection), “Sustainable Supply Chain Policy,” and “Non-use of Conflict Minerals Policy,” and requests them to sign and send back the Letter of Commitment relating to the Company’s relevant sustainable development policies.
Corporate sustainability necessitates a harmonious balance between stable economic growth, environmental protection, and social progress. This commitment aligns with the United Nations Sustainable Development Goals (SDGs) and UfiSpace’s sustainability policies, while also adhering to the ISO 20400 sustainable procurement guidelines. To achieve these objectives, UfiSpace will collaborate with partners to enhance supply chain competitiveness and collectively build a sustainable supply chain. UfiSpace is dedicated to the following principles in its supply chain management and procurement processes:
UfiSpace follows the due diligence guidelines established by the Organization for Economic Co-operation and Development (OECD) to regularly assess material sources, ensuring that metals such as gold (Au), tantalum (Ta), tungsten (W), and tin (Sn) are not sourced from unregulated militias, illegal groups, or high-risk conflict zones.
UfiSpace requires partners to guarantee compliance with the following:
UfiSpace exchanges information through a supply chain management mechanism and collaboration to keep abreast of the supply and demand situation. On the selection of suppliers, the Company has established a standard process to assess the suppliers’ qualification in terms of nature, transaction terms, product quality, etc. and conducted supplier evaluation every year. Our operation team provides information on the problems and deficiencies in the quality, delivery, preparation of goods, etc. during business dealings for the suppliers to review their deficiencies accordingly. If a supplier is determined to be a disqualified supplier, the cooperation will be suspended.
Self-Evaluation Rate and Audit Rate: 100%
In 2024, 2 outsourced manufacturers were audited. The annual self-evaluation rate and audit rate both reached 100%.
Qualification Rate :100%
In 2024, the ESG supplier audit covered 2 outsourced manufacturers, and the qualification rate was 100%.
In 2023, UfiSpace began to implement the ESG supplier audits, evaluating the ESG sustainability performance of key suppliers in the year in terms of environmental, social, and governance aspects. With reference to RBA7.1, ISO 20400 Sustainable Procurement Guidelines, and key supply chain sustainability issues of concern to the customers, we determined the supplier ESG audit/evaluation items, including 22 in the environmental aspect (32%), 31 in the social aspect (45%), and 16 in the governance aspect (23%).
In 2024, no supplier was listed as a disqualified supplier or subject to termination of cooperative relationship due to violating any of the standards regarding material sustainability issues. In the future, we will continue to optimize the supply chain sustainability evaluation through irregular investigation and analysis to include more diverse items and ensure that we and our suppliers are aware of emerging ESG issues and risks.
