Over the past year, the consumer electronics industry has grappled with periodic demand fluctuations and heightened competition amidst the sluggish global economy, numerous trade barriers, and slowing inflation. Faced with rapidly changing internal and external environments, TPV has made every effort to seize opportunities and overcome challenges. While forging ahead, we remain steadfast in fulfilling our commitment to international organizations and initiatives such as the UN Global Compact (UNGC), Responsible Business Alliance (RBA), and Science Based Targets initiative (SBTi). We deeply embed ESG into our corporate sustainability efforts. The road ahead is long and challenging, and TPV must continue to press forward with determination.

We are determined to transform our ESG ambitions into concrete actions and opportunities for advancement
By integrating stakeholder expectations with corporate development, we have launched the “TPV ESG Roadmap to 2030” to capture emerging sustainability prospects. Since 2023, we have been comprehensively promoting an ESG goal management system for closed-loop improvement. With our blueprint in place, we are ready to embark on a voyage toward a brighter future.

In order to enhance our corporate governance, we have linked ESG performance to executive compensation. We organize workshops for directors, supervisors, and senior executives and hold ESG Taskforce meetings to establish a top-down, all-inclusive ESG governance structure. In 2023, we were awarded the Gold Medal for EcoVadis sustainability rating for two consecutive years and were selected for the “Central SOE of China • ESG Pioneer Index” for three consecutive years.

We are confident that we can bring more innovative green display products and solutions for net-zero transition
TPV is committed to taking proactive actions to mitigate and adapt to climate change, and contributing to nature protection and the green transformation of society by providing eco-friendly products and solutions. We pledge to achieve science-based emission reduction targets and incorporate climate-related risks into our daily risk management. Moving forward, we will strive to conceive TPV Net Zero by 2050 in the near future. In 2023, the Company achieved a B rating in CDP Climate Change, demonstrating managerial excellence.

We are dedicated to minimizing our environmental footprint. Following the principles of the circular economy, we strive to reduce product carbon footprints through the innovation of energy-efficient technologies and the application of more recycled and sustainable materials in products and packaging. We are also advancing digital and intelligent transformation while promoting green manufacturing and the use of renewable energy sources. Compared to the base year of 2020, we reduced carbon emissions at the operational level by 34%.

We are committed to promoting ESG development throughout the value chain as an industry leader
Upholding the principle of “Creating Unique Values for Our Customers”, TPV deeply integrates into the new landscape of global digital transformation. Focusing on diverse application scenarios including smart office, retail, healthcare, education, transportation, and household environments, we continuously launch high-quality, reliable products and solutions that align with ESG principles.

We are fully aware that our sustainable development is closely related to supply chain ESG management. Therefore, we have integrated ESG criteria into our product and supplier evaluation systems, and established sustainable supply chain strategy and supplier ESG assessment frameworks. In the future, we will continue to promote supply chain ESG management and collaborate with upstream and downstream value chain partners to reduce carbon emissions, thus building a more resilient and sustainable supply chain.

We will adhere to our original intention to continuously spread love and goodness to employees and society
TPV values the happiness and sense of belonging of all employees and strives to build a resilient organization that fosters sustainable prosperity. Embracing equality, diversity, and inclusivity, we have established a safe and healthy workplace and converted our strategic talent advantage into a catalyst for high-quality development.

Over the years, we have consistently given back to the local communities. Leveraging the distinctive features of products and our professional advantages, we have invested constantly in areas such as environmental protection, educational development, community building, and social welfare. We have also created social value together with our partners. In 2023, TPV’s donations for public welfare totaled over RMB4 million.

Looking back on the long journey, we remain true to our original aspiration. TPV is deeply convinced that every small action and every joint effort will contribute to achieving our ambitious goal of the “TPV ESG Roadmap to 2030”. On behalf of all TPV colleagues, I am eager to join hands with all stakeholders to jointly create a more sustainable and better future! Together, let’s forge ahead towards new horizons!