FIT Hon Teng Limited 2023 ESG Insight Report  
ESG Milestones  
Every FIT site has joined RBA and  
1
ESG RISK rating  
Climate Change: C  
Water Security: C  
needs to comply with their Code of  
Conduct and pass regular validation.  
1
8.6  
Low Risk  
Hang Seng Corporate  
Sustainability Index  
FIT continues to be accredited with  
an A rating in 2023, positioning it at  
top 20% among all companies and top  
Sustainability Linked Loan  
ESG Data Assurance  
FIT has applied for 5-year  
sustainability-linked loan, and  
FIT needs to show continuous  
improvement in the selected  
ESG metrics over 5 years.  
To ensure data quality  
and accuracy, FIT is also  
preparing for ESG data  
assurance.  
30% among industry peers.  
Working with parent company Hon Hai  
FIT, as a member of the Hon Hai Group, is responsible for following most of the practices of its majority shareholder.  
Hon Hai requires FIT to attend its regular ESG meetings to discuss and update ESG-related work and progress. The  
topics cover:  
Management of water resource  
Environmental  
Promotion of responsible consumption and production through waste management  
Social  
Safety in production  
Explore the application of digital tools to enhance the quality of ESG data  
Explore the standards of GHG accounting and IFRS S1 & S2  
Integration of financial data in ESG reporting  
Reporting  
standards  
Hon Hai requires FIT to regularly report monthly environmental data and cooperate with energy saving inspections.  
We calculate FIT’s GHG emissions that help track performance and progress. FIT acknowledges the gaps of ensuring  
data quality through applying digital platforms, and will keep exploring the potential of digital platforms that are  
currently being used by Hon Hai to enhance internal control, governance, and audit.  
FIT 2023 ESG Report was prepared  
in accordance with Appendix 27  
Environmental, Social and Governance  
Reporting Guide of the Listing Rules issued  
by The Stock Exchange of Hong Kong  
Limited. FIT ESG report is issued annually.  
Reporting boundaries covered in 2023 ESG Report  
Operating entities in Mainland China, Taiwan, Vietnam, USA  
Sound Solutions International and subsidiaries  
Belkin International, Inc. and subsidiaries  
FIT Voltaira Group  
FIT Hon Teng Limited 2023 ESG Insight Report  
2
ENVIRONMENTAL  
Our Environmental Protection Committee (a sub-committee of SER) oversees and plans for environmental-related  
matters across different BUs of FIT, such as set up energy saving targets and propose environmental initiatives. The  
committee members also liaise with external parties, including environmental protection and industrial management  
units and NGOs to discuss existing and potential environmental requirements, and inform FIT for early preparation.  
We also explore and invest in equipment and techniques that can achieve high resource utilization and reduce  
emission of pollutants in the course of our operation.  
Net Zero Pathway  
GHG  
Emissions  
Base year  
Ratio for Renewable  
Energy Electricity  
Consumption 20%  
Reduce GHG emissions by 42%  
Ratio for Renewable Energy  
Electricity Consumption 50%  
Ratio for Renewable  
Energy Electricity  
Consumption 100%  
Ratio for Renewable  
Reduce GHG  
Reduce GHG  
Emissions by  
63%  
Energy Electricity  
Emissions by  
Net Zero  
Consumption 15%  
21%  
2020  
2023  
2024  
2025  
2030  
2035  
2040  
2050  
Site/SBU  
Kunshan  
Zhenjiang  
Taipei  
Huai'an  
Fu Yu  
Shenzhen Zhengzhou Chongqing Vietnam  
Diancha Dianfa 889# Dianfa 199#  
SSI  
Hon Teng  
NPI:  
Fu Ding  
Fu Ding  
Hon Teng New Wing  
ISO14001  
ISO14064  
ISO50001  
GHG Emissions  
GHG  
Units  
2021  
2022  
2023  
13,158.45  
243,883.04  
257,041.49  
Scope 1  
8,679.81  
339,403.44  
348,083.25  
14,873.20  
245,927.63  
260,800.83  
Scope 2 (Location based)  
tCO2e  
Total  
Density  
Scope 1  
Scope 2  
Total  
1.93  
75.59  
77.52  
3.28  
3.14  
tCO e/  
million USD  
2
54.28  
58.12  
Scope 2 emissions location based does not include data related to the purchase of renewable energy electricity-green certificates. However, it  
does not include data related to the direct purchase of green electricity.  
In 2023, Huai'an has conducted a reassessment of the data for the year 2022 and confirmed that certain data related to renewable energy  
needs to be revised to non-renewable energy sources. As a result, greenhouse gas emission data has been revised accordingly.  
FIT Hon Teng Limited 2023 ESG Insight Report  
3
Scope 3 Carbon Footprint  
FIT  
FIT calculates Scope 3 GHG emissions which covers 13 categories, of which 2 categories are not applicable to FIT.  
FIT has identified sources of datapoints, including but not limited divisions of procurement, accounting, logistics,  
environmental engineering and HR.  
FIT (including Belkin) completed the cope 3 inventory calculations for years 2020 and 2021.  
Going forward in 2024, FIT will carry out 2022 and 2023 data collection, as well as Scope 3 calculations.  
Belkin  
Belkin dedicated to work towards carbon neutrality in Scope 3 emissions since 2021.  
By benchmarking, Belkin is able to gain a comprehensive understanding of its carbon footprint throughout the  
supply chain.  
Evaluate, track and compare suppliers’ progress towards decarbonization. Identify supplier leaders in  
sustainability and drive continuous improvement to prioritize emissions reduction.  
Award by Walmart Project Gigaton Giga-Guru status (highest achievement), demonstrating decarbonization  
efforts in reducing GHG emissions along the value chain.  
FIT Voltaira  
During 2023, FIT Voltaira conducted continuous meetings with key stakeholders, such as business partners,  
customers, and third-parties that could provide digital platforms and solutions for facilitating product carbon  
footprint work in the future.  
Exhaust Emissions  
Air emissions is mainly from the FIT’s production factories in mainland China.  
Exhaust Gas Emissions  
Hydrogen cyanide  
Ammonia  
Units  
2021  
199.06  
195.21  
1,936.56  
3,805.27  
6.42  
2022  
156.56  
334.84  
2,150.25  
4,150.57  
5.90  
2023  
129.98  
427.91  
1,010.87  
2,872.04  
4.84  
Sulphuric acid mist  
Hydrogen chloride  
Chromic acid mist  
Nitrogen oxide  
Kg  
1,306.62  
7,602.73  
1,230.31  
Increase of Nitrogen oxide is due to emissions data from vehicles.  
Energy Management  
Energy Consumption Density  
Density value is calculated based on the data disclosed in FIT’s Announcement of Annual Results for the year ended  
December 31.  
Energy Consumption Density  
Electricity  
Units  
2021  
125.01  
0.0027  
0.0067  
0.03  
2022  
156.56  
2023  
129.98  
Thousand KWH/ Million USD  
Diesel (fixed combustion source)  
Diesel (mobile combustion source)  
334.84  
427.91  
Ton/Million USD  
2,150.25  
4,150.57  
5.90  
1,010.87  
2,872.04  
4.84  
Gasoline (mobile combustion source)  
Acetylene  
Natural Gas  
Steam  
Kg/Million USD  
Cubic meter/ Million USD  
Ton/Million USD  
NA  
778.34  
32.19  
7,602.73  
7,602.73  
1,230.31  
1,230.31  
FIT Hon Teng Limited 2023 ESG Insight Report  
4
The electricity density of FY2023 has increased by 8% compared with FY 2022. Due to the inclusion of newly acquired  
FIT Voltaira in FY2023 data, there has been an increase in total electricity consumption which has subsequently  
affected density.  
Energy Saving Management  
FIT Mainland China  
Energy Conservation  
Management Evaluation  
Energy-saving  
Management  
Energy-saving  
System  
Energy-saving  
Energy-saving  
Supervision  
Energy-saving  
KPI  
Extra Points  
Extra Points  
Implementation  
Organziaztional  
Structure of  
Energy-saving  
and Emission  
Reduction  
Establishment  
of energy  
Energy-  
saving Target  
Achievement  
Rates  
Implementation  
of Key Energy-  
saving Projects  
Energy-saving  
Violations  
Management  
Centre  
Formulation of  
Energy-saving  
Work Plans and  
Targets  
Internal Cross  
Audit of Energy  
Management  
System  
Energy-  
saving Project  
Establishment  
Special Audits  
"FIT Energy Saving and Carbon Reduction Plan 2023-2025 " and action items based on the evaluation.  
Replace air-  
conditioning system  
Apply green  
energy trading  
Green factory  
Purchase green energy  
Install solar panels in  
residential and car park areas  
Upgrade the industrial  
machines to save energy  
Replace lighting fixtures  
to energy-efficiency lighting  
FIT Vietnam  
Belkin  
FIT Vietnam plans energy management work in  
accordance with the government’s instructions. FIT  
Vietnam has achieved its energy saving targets as  
set by FIT through using renewable energy.  
Designs the headquarters with  
the green-related elements,  
the workspace received LEED  
Silver certification.  
FIT Voltaira  
Implement various energy efficiency initiatives such as selecting low carbon fuel and adopting e-vehicles for fleet  
operations, large-scale lighting replacement and site specific initiatives.  
Headquarters: uses 100% renewable energy (purchased green energy)  
Hungary and Morocco sites: investments on solar panels to supply energy  
Turkey site: starts procurement of International Renewable Energy Certificates (I-REC)  
Hungary site: retrofits project for replacement of machines  
Water Management  
Water consumption density comparison of FIT  
1,500.00  
1,400.00  
1,300.00  
1,200.00  
1,100.00  
1,000.00  
1
,431.00  
1
,369.08  
1
,216.45  
(Ton per million USD)  
2021  
2022  
2023  
FIT Hon Teng Limited 2023 ESG Insight Report  
5
Wastewater discharge density comparison of FIT  
600.00  
400.00  
200.00  
Industrial  
wastewater  
discharge  
514.91  
460.80  
437.91  
258.35  
Domestic  
wastewater  
discharge  
157.44  
198.54  
(Ton per million USD)  
0
.00  
2021  
2022  
2023  
See FIT ESG Report Appendix for detailed data on wastewater pollutant emissions.  
Waste Management  
Hazardous waste and non-hazardous waste density comparison of FIT  
8
6.75  
6.41  
Hazardous  
waste  
6
4
2
0
5.01  
Non-hazardous  
waste  
0.88  
0.75  
0.98  
(
Tons per million USD)  
2021  
2022  
2023  
See FIT ESG Report Appendix for detailed data on solid waste.  
FIT Mainland China  
UL 2799 Certification: Zero Waste  
FIT Mainland China Sites  
2022  
2023  
to Landfill, the highest Platinum  
accreditations, with 100% waste  
diversion from landfill and/ or  
incineration, and less than 10% thermal  
processing and energy recovery.  
Shenzhen  
Kunshan Diancha  
Huai’an  
FIT Voltaira  
Belkin  
Working towards "Zero Waste",  
recyclability rate has reached  
approximately 75% in 2023.  
Belkin has exerted efforts in investigating carbon footprinting for  
products through a Life Cycle Assessment (LCA) approach. The LCA  
is standardized following ISO 14040 and ISO 14044.  
Packaging Material  
Packaging Material  
Units  
Ton  
2021  
35,116.59  
7.82  
2022  
27,842.78  
6.15  
2023  
28,892.73  
6.89  
Packaging materials total  
Packaging materials density  
Ton/million USD  
Belkin  
SSI  
Recognising efforts made in promoting sustainable packaging  
design and innovation, Belkin has received the 2023 Industry  
Sector and Best of Reporting Awards from Australia Packaging  
Covenant Organization. Belkin will accelerate the reduction of  
single use plastic by the end of 2025 and even implement 100%  
plastic-free packaging.  
SSI introduced PFAS- free polycarbon-  
ate based resin containing post-con-  
sumer recycled and pre-consumer  
recycled glass.  
FIT Hon Teng Limited 2023 ESG Insight Report  
6
Biodiversity  
FIT strictly follows the "Hon Hai Technology Group Biodiversity and No Deforestation Commitment" as set by  
Hon Hai. The parameter of biodiversity value is considered when FIT assesses sites. In case FIT needs to conduct  
operations at sites that are globally or nationally important in terms of biodiversity value, we will take measures  
to avoid, minimize, restore, and/ or offset, reduce our ecological footprint. We also require our supply chains to  
uphold the same standards.  
Climate Change  
Our climate-related disclosures are in reference to the requirements of the TCFD recommendations.  
Governance  
The management role in climate governance is undertaken by our Chief Executive Officer. Monthly SER meetings are  
held to track and monitor climate-related progress and performance to review and guide the strategy, policies, targets  
and progress for making decisions and allocating budgets on climate-related plans and actions.  
The "Major Climate Response Management Group" (the "Management Group") was set up across factories in  
Mainland China to target at climate-related issues through a bottom-up reporting mechanism.  
Strategy  
FIT’s development strategy is to push forward on developing advanced and integrated connectivity solutions for EV  
mobility. FIT acquired FIT Voltaira in 2023 to demonstrate significant focus on the EV mobility market. This business  
strategy can further address climate-related opportunity of market demand changes.  
Scenario Analysis  
2
1 FIT sites (factories and offices) and 4 main supplier sites were selected for physical risk analysis  
based on materiality. The facilities within the selected boundaries are highly exposed to extreme  
weather events.  
The financial implications of the physical risks including loss of productivity, power rationing,  
increase in power consumption, and provision of high temperature allowance have been assessed.  
Physical Risks  
A qualitative analysis was conducted on the impact to FIT’s operations and value chain through  
a stakeholder engagement process; carbon pricing (emissions trading system ("ETS") and carbon  
tax) and energy price change were assessed to cause higher operational and compliance cost.  
For mitigation and management, FIT has introduced ETS and carbon tax related content in the  
Transition Risks SER monthly meeting for earlier preparation while exploring a lower reliance on non-renewable  
energy in operations and turning to climate-related opportunities.  
Risk Management  
Extreme weather events  
Carbon pricing  
Energy price change  
Temperature changes  
Renewable energy  
Risk  
Opportunity  
Market demand change  
FIT Hon Teng Limited 2023 ESG Insight Report  
7
SOCIAL  
Supply Chain Management  
FIT  
Suppliers by Region  
Mainland China  
Hong Kong, Macau and Taiwan  
Overseas  
2021  
1,286  
320  
2022  
2,127  
241  
2023  
2,692  
607  
397  
108  
1,341  
4,640  
Total  
2,003  
2,476  
Comprehensive supplier management system  
FIT considers the environmental impact of supply chain and emphasizes the selection of environmentally friendly,  
green products and services in day-to-day procurement practice. Suppliers also required comply with international  
standards including RoHS, REACH.  
1. Supplier Admission  
2. Daily Management  
Eligibility assessment criteria,  
including compliance and suit-  
ability of supplier management  
system, audit result and effec-  
Qualified suppliers enter into an  
agreement, setting out suppliers’  
obligations about details and  
requirements for the products  
and services provided by them.  
Qualified  
supplier list  
ꢀveness of risk management.  
3. Supplier Evaluation  
•
monthly performance audit  
• annual audit  
• environmental risk evaluation  
•
•
•
environmental substance investigation  
Substances of very high concern (the "SVHCs") audit and investigate any corresponding  
environmental management substances from products of material suppliers.  
supplier social and environmental responsibility risk assessment  
Include the environmental and social assessment of suppliers, such as ISO 14001, ISO 45001, the  
supplier’s labor, ethics, health and safety, and environmental performance.  
supplier conflict mineral investigation  
Conflict Minerals Reporting Template (the "CMRT"), and take corresponding control measures for  
supplier with different results.  
4
. Supplier Termination Management  
Freeze  
Unqualified suppliers  
Failure to comply, such as using  
excessive environmental man-  
agement substances, being  
rated as unqualified in on-site  
audit with no improvement  
afterwards, and violating the  
quality agreement or procure-  
ment contract.  
Communicate rectification  
Failure to make consistent  
improvements  
Rated  
high risk  
Consider termination of business  
relationship  
FIT Hon Teng Limited 2023 ESG Insight Report  
8
1
00% signature rate  
100% response rate  
100% completion rate  
Audits of 195 suppliers  
for Social Responsibility  
Commitment Letter and  
strictly follow FIT’s "SER  
Policy" by 1,614 qualified  
suppliers.  
for CMRT by 889  
audited suppliers.  
of SVHCs of 1,094  
audited suppliers.  
for quality safety, green  
product, SER.  
Up to present time, 100%  
of all identified non-  
conformity were rectified.  
SSI  
SSI requires suppliers to provide test reports (valid for 1 year) in accordance with MSDS, MCF, and RoHS for each  
product in the customer system.  
Belkin  
Belkin conducts regular social and environmental assessments, covering the following dimensions with detailed  
indicators. Belkin rates suppliers based on its performance against these indicators, with monitoring modern slavery  
within supply chain as one of the most important dimensions. The assessment is conducted and reported on an  
annual basis in accordance with Modern Slavery Act in Australia and the UK.  
Belkin will ensure that its suppliers will comply with the RBA regulations, and they are required to complete a third-  
party social compliance audit every 2 years.  
Supplier guidelines  
Labor practice  
Health and safety  
Environmental protection  
Supplier  
Child labor  
Fire safety  
Environmental laws  
and regulations  
commitment  
Youth employment  
Forced labor  
Equipment safety  
Management  
accountability  
Environmental  
impact assessment  
First aid and medical  
services  
Discrimination  
Operating hours  
Salary and benefits  
Risk assesment and  
management  
Whether the waste  
discharge meets the  
standards  
Chemical safety  
Working conditions  
Goals and plans  
Training  
Personal protective  
equipment  
Storage of hazardous  
waste  
Audit and evaluation  
File and record  
Food preparation  
and services  
Labor Relations  
During the Reporting Period, the Company did not violate significant labor laws and regulations.  
Employees are the cornerstone of FIT's long-term development, and FIT believes in building a people-oriented work  
environment, such as providing equal opportunities and adequate resources to help employees develop in the long run.  
FIT strives to retain key personnel and has set a 90% retention target rate for employees at division level 4 or above,  
which has been achieved in 2023 with 92.2% retention rate (BUs of Mainland China, Taiwan, and Vietnam).  
FIT Hon Teng Limited 2023 ESG Insight Report  
9
Labor Policy and Compliance  
Companies formulated policies for the protection of employees include regulations for:  
•
•
•
•
Employee Recruitment Operations  
• Protection for Juvenile/Young workers  
• Prohibition of Child Labor  
Basic Manpower Recruitment Operations  
Labor Protection of Female Employees  
Prohibition of the Use of Involuntary Labor  
• Working Hour and Overtime Management  
FIT and our subsidiaries are covered by  
Foxconn Global Code of Conduct (CoC) Policy on Corporate Social Responsibility  
The Chairman of the Foxconn CSR Committee and all business group heads (general managers) are the main  
sponsors of this CoC policy. The executive of Foxconn CSR Committee will monitor adherence to this CoC policy  
under the guidance of the FGSC Chairman. The CSR teams of all business groups are responsible for entrenching  
and monitoring compliance with this Code, and providing feedback to FGSC regarding local practices contravening  
the CoC policy.  
Freedom of Association  
Working Hours  
Labor and Human Rights  
In conformance with local law, Except in emergency or under some Universal Declaration of Human  
Foxconn respects the right of all unusual situations, a workweek Rights (UDHR), the International  
workers to form and join labor shall be not more than 60 hours per Labor Organization (ILO) and the  
unions of their own choosing, to week, including overtime. Workers Ethical Trading Initiative (ETI)  
bargain collectively and to engage shall be allowed at least one day have been used as references in  
in peaceful assembly as well as off every seven days worked as preparing the CoC.  
respect the right of workers to stipulated in the RBA CoC.  
refrain from such activities.  
During the SER audit in 2023, FIT discovered overtime work cases in FIT Mainland China and Vietnam, with a  
monitoring system for working hours in place for follow-up and improvement measures.  
Trade Unions  
FIT has established trade unions to safeguard the interests of employees and ensure the compliance with local  
laws and regulations, namely the "Trade Union Law of the People's Republic of China", the "China Trade Union  
Regulations", and the "Labor Law of the People's Republic of China". FIT’s trade union consists of the following groups.  
Business Labour  
Union Group  
Factory Union Group  
Business Union Group  
Union Group  
In 2023, the FIT trade unions have invested approximately RMB 3.28 million in supporting employees that have  
financial needs and/ or are with serious illness, exceeding the targeted amount of RMB 2.50 million (limited to BUs of  
Mainland China, Taiwan, and Vietnam).  
FIT Hon Teng Limited 2023 ESG Insight Report  
10  
Diversity  
FIT upholds the principle of fair, equal and non-discriminatory recruitment. In addition to local talent, FIT also  
welcomes overseas talent who meet our recruitment standards. FIT is committed to providing equal opportunity to  
every candidate regardless of age, gender, nationality, race, ethnicity, religion, disability, sexual orientation or status.  
FIT is committed to fostering diversity at all levels of employees. FIT has implemented several initiatives, such as to  
establish employee affinity groups, social groups and diversity committee. In 2023, FIT has taken further steps to  
promote and maintain a diverse workforce. FIT has already appointed a female director to the Board, FIT Mainland  
China achieved 33% promotion rate of female employees in 2023. FIT will continue to promote a diverse and inclusive  
workplace where all employees are valued and respected.  
Working Hours  
FIT places great emphasis on the employee's work life balance, such as the FIT Vietnam factory has developed the  
"Working Hours Management Measures" and "Overtime Management Operation Measures" to regulate reasonable  
work and rest time. FIT operates an 8-hour work system, appropriate shifts and breaks to ensure the working hours  
meet the requirements of the local laws and regulations. For employees who need to work overtime, they are entitled  
to overtime pay or the right to rest overtime to protect the employee's willingness and right to take leave.  
Employee Structure and Turnover Rate  
Total Employee  
2021  
490  
2022  
691  
2023  
1,280  
Senior Management  
Middle Management  
Grassroot Staff  
1,639  
54,328  
2,401  
51,029  
2,151  
60,987  
2021  
2022  
2023  
Turnover Rate  
Persons  
%
Persons  
%
Persons  
%
Female  
Gender  
29,382  
27,075  
17.77  
21.39  
29,099  
25,022  
18.19  
34,683  
21.70  
Male  
20.58  
29,735  
18.17  
Development and Training  
FIT has established "Education and Training Management System" to support employees’ development through  
careful planning of training programs. In 2023, diversified training courses were provided to different levels and  
positions of employees to support their business needs and career development, including new employee training,  
cadre training, on-the-job training, special type of work training, lecturer training, language training, etc.  
Fit training program and courses collaboration with schools  
FIT Huai’an FIT Shenzhen  
Mentoring and annual global training programs  
FIT Voltaira  
Total training time in 2023 is 1,980,851 hours, average 30.75 hours of training per employee.  
FIT Hon Teng Limited 2023 ESG Insight Report  
11  
Training  
Units  
Hour  
2021  
1,350,227.50  
46,062  
2022  
1,697,881.60  
47,465  
2023  
Total training hours  
Total number of trainees  
1,980,851  
64,423  
30.75  
Person  
Per person  
Hour/person  
29.31  
35.77  
Production Safety  
No material non-compliant cases against occupational health and safety regulations in 2023.  
Safety Committee  
FIT Mainland China, Vietnam, and SSI have set up Safety Committee, which is dedicated to coordinating, guiding,  
managing, and monitoring safety management of sites. The Safety Committee of each site plays a leading role in  
formulating site-level safety management strategies and targets. The Safety Committee organizes quarterly meetings  
to review the daily implementation of safety management, study progress of safety performance and ensure that  
safety management controls are in place to promote workers’ safety.  
Regular safety audits conducted at all factories including chemical safety, fire safety, and  
equipment safety.  
Audits  
Fire safety  
Inspections, drills and corrective actions.  
Hazardous  
chemicals  
Management systems standardize the safe transport, handling, usage, storage and security  
management of hazardous chemicals.  
Occupational Health and Safety  
No material non-compliant cases against occupational health and safety regulations.  
Work Related Injuries  
Work Related Injuries  
Units  
2021  
104  
2022  
112  
0
2023  
119  
0
Number of work-related injuries  
Number of work-related deaths  
Proportion of deaths due to the Company  
Rate of work-related fatalities  
Person  
2
1.92  
0.0035  
0
0
%
0
0
Number of working days lost due to work  
related injuries  
Workday loss  
4,645.50  
4,691.00  
4,420.63  
FIT Hon Teng Limited 2023 ESG Insight Report  
12  
Occupational Hazard  
•
Monthly:  
Site-wide inspections to strengthen occupational safety control.  
•
Semi-annual:  
1. Evaluations in workplaces with high risks.  
2. Complies "Workplace Occupational Disease Hazard Detection and Evaluation Report".  
•
•
•
•
Annually:  
Occupational hazards in labor environment for industrial dust, chemical toxicants and physical hazards.  
Every 3 years:  
Assessment on occupational hazards status.  
New equipment:  
To conduct and pass safety pre-assessment before installation.  
Special projects and construction:  
Annual testing of occupational hazards, focusing on dust, chemical toxicants and physical hazards.  
QMS Certifications  
Mainland  
China  
Cerꢀꢁcaꢀons  
Content  
Taiwan  
Vietnam  
Voltaira  
ISO9001  
Quality Assurance System  
Quality Management System of  
Automobiles – Implemented for  
Organization of Production Parts  
and Related Service Conditions in  
the Automotive Industry  
IATF 16949  
AS9100D  
Quality Management Systems-  
Requirements for Aviation, Space,  
and Defense Organizations  
ISO26262  
QC080000  
ISO45001  
Road Vehicles – Functional Safety  
Hazardous Substance  
Process Management System  
Occupational Safety and  
Health Management System  
FIT Hon Teng Limited 2023 ESG Insight Report  
13  
GOVERNANCE  
Board of Directors  
12.5% female director representation.  
During 2023, the Board held 6 Board meetings and 2 general  
meetings. On June 21, 2024, the Board announced that Mr.  
TRAINOR-DEGIROLAMO Sheldon resigned from his positions  
as a non-executive director, functional committee members,  
due to his intention to focus on other commitments outside  
the Company. Mr. CHANG Chuan-Wang was appointed with  
effect from June 21, 2024.  
C Convener  
M Member  
Functional Committees  
Director  
Name  
Position  
Chairman  
Executive  
LU Sung-Ching Sidney  
FIT CEO  
M
M
M
F
65  
65  
63  
51  
55  
60  
66  
71  
66  
C
2013 100%  
2015 100%  
2019 100%  
2023 100%  
Executive  
Executive  
LU Pochin Christopher  
PIPKIN Chester John  
FIT COO, CFO  
Belkin Executive  
Chairman  
M
Non-Executive HUANG Pi-Chun  
M
CHANG Chuan-Wang  
M
M
M
M
M
M
2024  
-
Non-Executive  
TRAINOR-DEGIROLAMO  
Sheldon (resigned)  
2019 83%  
2016 100%  
2016 100%  
2016 100%  
Independent  
CURWEN Peter D  
Non-Executive  
M
C
M
M
C
Independent  
TANG Kwai Chang  
Non-Executive  
M
C
Independent  
CHAN Wing Yuen Hubert  
Non-Executive  
M
Chairman and CEO  
Pursuant to the code provision C.2.1 of the Corporate Governance Code, the roles of chairman of the Board and chief  
executive should be separated and should not be performed by the same individual.  
In view of the current status of the Group’s development, the Board considers that the same individual who performs  
two positions of chairman and chief executive officer can provide a strong and consistent leadership to the Company  
and be conducive to the implementation and execution of the Group’s business strategy. Also, the Board considers  
that this situation will not impair the balance of power and authority between the Board and the management  
of the Company because the balance of power and authority are governed by the operations of the Board which  
comprises experienced and high calibre individuals with demonstrated integrity. Furthermore, decisions of the Board  
are made by way of majority votes. Nevertheless, we will review the structure from time to time based on changing  
circumstances. The Board will continue to evaluate the situation and consider the separation of the roles of chairman  
and chief executive officer when appropriate, taking into account the then general conditions of the Group.  
FIT Hon Teng Limited 2023 ESG Insight Report  
14  
Board Diversity Policy  
The Company believes that board diversity will have substantial benefit in improving its performance. Therefore, the  
Company has adopted a board diversity policy to ensure that the diversity of Board members be considered from  
a number of perspectives. All Board appointments will be based on meritocracy, and candidates will be considered  
against objective criteria, having due regard for the benefits of diversity on the Board.  
The Board has appointed one female Director, Ms. HUANG Pi-Chun on August 7, 2023. The Company values gender  
diversity and will continue to take steps to promote gender diversity at all levels of the Company, in particular at the  
Board level. In addition, the Company is committed to providing career development and training opportunities for  
its staff who it considers to have the suitable experience, skills and knowledge with an aim to promote them to senior  
management or Directors. The Company will also ensure that there is gender diversity in staff recruitment at mid to  
senior levels so as to develop a pipeline of potential successors to the Board.  
2
023 Gender Diversity Raꢀo by Rank  
Female  
48.2  
Male  
51.8  
12.5  
24.5  
31.2  
52.2  
Overall male to female ratio  
Directors  
87.5  
Vice president (“VP”) or above (including senior management)  
Other managers (including assistant VP, directors and managers)  
Others  
75.5  
68.8  
47.8  
Functional Committees  
Audit Committee  
4
audit committee meetings were held in 2023.  
Posiꢀon  
Chairman  
Member  
Member  
Name  
Attendance  
100%  
Board  
TANG Kwai Chang  
CURWEN Peter D  
CHAN Wing Yuen Hubert  
Independent Non-executive Director  
Independent Non-executive Director  
Independent Non-executive Director  
100%  
100%  
Nomination Committee  
2
nomination committee meetings were held in 2023.  
Posiꢀon  
Chairman  
Member  
Member  
Name  
Attendance  
50%  
Board  
LU Sung-Ching  
CURWEN Peter D  
CHAN Wing Yuen Hubert  
Executive  
100%  
Independent Non-executive Director  
Independent Non-executive Director  
100%  
FIT Hon Teng Limited 2023 ESG Insight Report  
15  
Remuneration Committee  
3
meetings were held in 2023.  
Posiꢀon  
Chairman  
Member  
Member  
Name  
Attendance  
Board  
CHAN Wing Yuen Hubert  
TANG Kwai Chang  
100%  
Independent Non-executive Director  
100%  
100%  
Independent Non-executive Director  
Non-executive Director  
TRAINOR-DEGIROLAMO Sheldon  
FIT recognizes the Board has a significant role in managing ESG matter. In view of that, the Company has initiated  
preliminary practice to link remuneration with ESG performance during the Reporting Period. The amount of cash  
bonus paid to certain Executive Directors in 2023 was determined partly based on performance against ESG KPIs.  
Our parent company, Hon Hai is also undergoing the process of approving the renumeration of C-suite executives with  
reference to FY2023 ESG KPIs.  
ESG Board Committee  
The ESG Board Committee acts as the highest governance body to oversee and manage FIT’s climate-related matters.  
In addition, the SER Committee was set up in 2013 acting on the operational level.  
The ESG Board and SER Committees are responsible for reviewing material climate-related plans and making  
recommendations to the Board of Directors for approval twice a year, which include climate-related risk and  
opportunity assessment, environmental-related goals, annual budget to mitigate and manage climate aspects,  
policies, emergency response, etc.  
2
ESG committee meetings were held in 2023.  
Posiꢀon  
Chairman  
Member  
Member  
Name  
Attendance  
Board  
CURWEN Peter D  
PIPKIN Chester John  
TRAINOR-DEGIROLAMO Sheldon  
100%  
Independent Non-executive Director  
100%  
100%  
Executive Director  
Non-executive Director  
FIT SER Commiꢀee  
Chairman  
Committee Officers  
Labor and Ethics  
Safety and Health  
Environmental Protection  
System Management  
Committee  
Committee  
Committee  
Committee  
Labor and Ethics  
Committee Officers  
Safety and Health  
Committee Officers  
Environmental Protection  
Committee Officers  
System Management  
Committee Officers  
FIT Hon Teng Limited 2023 ESG Insight Report  
16  
Certifications about Information Security and Data Privacy  
Mainland  
China  
Certifications  
Content  
Taiwan  
Information Security, Cybersecurity and Privacy Protection –  
Information Security Management Systems  
ISO27001  
Security and resilience  
Planned  
ISO 22301  
(
FIT started to consolidate business continuity related  
practices across BUs and compile a questionnaire.)  
Compliance and Anti-Corruption Policies  
The Board has the ultimate responsibility for the Company's ethics and regulatory compliance. Meanwhile the  
management is accountable for the design, planning and execution of ethics compliance activities.  
FIT is planning to translate the anti-corruption related polices and guidelines to local languages, such as Vietnamese,  
Indian, and German to accommodate the local employees so that they can better interpret the contents without  
causing any misunderstanding.  
Anti-Corruption Related Training and Promotion  
For new employees  
iCivet channel  
Online courses  
Offer introduction section to  
new employees  
An accessible platform for  
employee to access anti-  
corruption information  
Topics of courses cover: Anti-  
fraud, anti-corruption and  
Code of Conduct  
Code of Conduct related to an-  
Training duration: not less  
than 1 hour per employee  
ꢀ
-corrupꢀon is included in the  
Enhance employees’ aware-  
ness of complying with rele-  
vant laws and regulaꢀons  
"Employee Handbook", which  
defines corruption behaviour,  
compliance pracꢀce and disci-  
plinary acꢀons for violaꢀon  
Completion rate as of 2023:  
FIT Mainland China, Taiwan,  
and Vietnam: 88%  
FIT US: 100%  
Anti-corruption training for key personnel for Mainland China sites  
1
00%  
100%  
2
2
023 Target of Anti-corruption Training  
023 Completion Rate  
Coverage of Key Personnel  
In 2023, FIT is not aware of any material non-compliance cases against corruption related laws and regulations, and  
any concluded corruption-related legal cases. To ensure ongoing compliance with all applicable worldwide laws and  
regulations, FIT remains committed to strengthening the culture of integrity and professional ethics within all levels of  
employees by refining relevant policies and organizing training.  
FIT Hon Teng Limited 2023 ESG Insight Report  
17  
Whistleblowing  
FIT has various whistleblowing channels in place for employees and suppliers to report any suspected misconduct.  
The internal reporting channels include e-mail (available 24/7), telephone hotline, QQ (available 24/7), WeChat  
(
available 24/7), etc. for reporting suspicious activities in the course of operation to safeguard the rights and  
interests of the Company.  
To protect whistleblowers, FIT accepts anonymous reports from employees, keeps the identities of whistleblowers  
confidential, and prohibits any retaliation in the form of harassment or discrimination on any individual who reports  
a suspected violation or participates in investigations.  
Internal reporting  
channels  
Transfer to Legal  
Department  
Report to file  
Verify  
Offer internal whis-  
tleblowing channels:  
written mail (available  
The Internal Audit De-  
partment and the Legal  
Department will set up  
an investigation team  
after receiving the re-  
ported informaꢀon.  
Collect actual relevant  
data and information  
through investigation.  
Cases involving litiga-  
ꢀon are transferred to  
the Legal Department  
for handling.  
2
4/7), telephone ho-  
tline, e-mail (available  
2
2
4/7), QQ (available  
4/7), Wechat (avail-  
able 24/7), etc.  
External Reporting:  
FIT also has strict requirements for business partners. The Company requires suppliers to sign a commitment (including  
anti-corruption provisions) and conducts regular social responsibility assessments on suppliers.  
In response to corruption, the company also offers corresponding reporting channels, including e-mail,  
telephone hotline, QQ, WeChat, etc. for reporting irregularities in the course of operation to safeguard the  
interests of both parties.