TCL Technology's Inspiring 2024 ESG Report Highlights Progress
TCL Technology Unveils Its 2024 ESG Report
The recently released 2024 Environmental, Social, and Governance (ESG) Report reflects TCL Technology's ongoing commitment to sustainability. This comprehensive document highlights the company's governance enhancements, continuous transition to sustainable practices, and initiatives designed to generate shared value for all stakeholders.
Commitment to Sustainability
With innovation at its core, TCL Technology has embedded sustainability into its everyday operations. The company emphasizes environmental stewardship and social accountability through advanced technology. By integrating sustainable practices across various sectors, TCL aims to foster a positive impact on a global scale.
Strengthened Governance and Transparency
Underlining a robust governance framework, TCL Technology has prioritized sustainability in its business strategy. A landmark moment in 2024 was the formation of the Strategy and Sustainability Committee, which operates under the guidance of the Board of Directors. This committee serves as the principal governing authority for climate-related concerns, bolstered by the efforts of the ESG Working Committee, which delivers execution and oversight.
In striving for transparency, TCL conducted a double materiality assessment, actively involving over 40 stakeholders, including academics and shareholders. This ensured a thorough evaluation of the impact of pivotal ESG issues relevant to its value chain, pinpointing the most significant aspects to address in alignment with stakeholder values.
Innovative Approaches to Carbon Reduction
TCL Technology is keenly aware of the urgency surrounding climate change and is taking actionable steps to reduce its carbon footprint. The introduction of the Carbon Footprint Ledger is a significant initiative, allowing TCL to consolidate emission data from all its operations. This innovative tool enables accurate data collection and real-time performance assessments that support the company’s objectives for carbon reduction and achieving net-zero emissions in the future.
Partnerships for Progress
TCL Technology also fosters sustainable supply chains and collaborates with partners to advocate for environmentally conscious practices. During 2024, the company organized the "True Vision and Insight to All Global Supply Chain Conference," where they engaged with 355 suppliers to promote ESG-oriented governance and pave the way for more sustainable pathways within their supply chain.
Dedicated to Social Responsibility
Beyond environmental initiatives, TCL Technology recognizes the importance of social responsibility. With a people-centric approach, the company has implemented several initiatives that create professional opportunities for individuals from diverse backgrounds. For instance, in 2024, TCL made significant strides hiring 346 employees with disabilities, demonstrating a commitment to building an inclusive workforce.
Empowering Women and Community Engagement
The "TCLforHer" initiative showcases the company's dedication to women’s advancement in the workplace, building a framework where female employees can thrive and feel supported. Additionally, TCL's charitable activities through the TCL Charity Foundation focus on philanthropy and cultural events, furthering its commitment to societal well-being.
About TCL Technology
Founded in 1981, TCL—an acronym for "The Creative Life"—represents innovation across various dimensions of technology. As a prominent player in the tech industry, TCL specializes in producing a range of products, from televisions and smartphones to smart home devices, all designed to enrich customer experiences.
With 46 research centers and 38 manufacturing facilities worldwide, TCL extends its influence in over 160 countries, affirming its status as a competitive force in smart technology. As a testament to its vision and values, TCL Technology proudly holds the title of an official Worldwide Olympic and Paralympic Partner in the Home Audiovisual Equipment and Home Appliances category.
Frequently Asked Questions
What is the purpose of the TCL Technology 2024 ESG Report?
The report showcases TCL's commitment to sustainability and outlines achievements in governance, environmental stewardship, and social responsibility.
What initiatives does TCL Technology have for carbon reduction?
TCL has implemented a Carbon Footprint Ledger to track emissions and is exploring the Science-Based Targets initiative to set actionable carbon reduction goals.
How does TCL Technology support social causes?
TCL supports social causes through hiring initiatives for people with disabilities, promoting women's advancement, and engaging in community charitable efforts.
Who leads TCL Technology's sustainability governance?
The Strategy and Sustainability Committee, led by the Board of Directors, is responsible for overseeing TCL's climate-related governance and ESG strategies.
How is TCL Technology enhancing its governance framework?
TCL has introduced a double materiality assessment involving diverse stakeholder engagement to improve transparency and understanding of its ESG impacts.
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