VIVOTEK Achieves Level 2 in Corporate Governance Evaluation, Recognized Among Top 5% of Enterprises
VIVOTEK's Elevation in Corporate Governance
VIVOTEK Inc., recognized as a global leader in security solutions, has made significant strides in corporate governance, achieving Level 2 in the Taiwan Stock Exchange Corporation's (TWSE) 11th Corporate Governance Evaluation. This accomplishment places the company within the top 5% of enterprises with a market capitalization between NT$5-10 billion. The evaluation emphasizes sustainability as a crucial aspect of governance, reflecting VIVOTEK's ongoing commitment to responsible business practices.
Focusing on three core Environmental, Social, and Governance (ESG) pillars, VIVOTEK actively promotes sustainable development while continuing to provide AI-driven security technologies. Their dedication to reducing environmental impact is evidenced by their initiatives in green energy procurement and carbon emissions reduction. In 2024, VIVOTEK successfully lowered its carbon emissions by 9% from its baseline, moving towards its goal of 100% renewable energy by 2030.
In terms of social responsibility, VIVOTEK prioritizes employee well-being by implementing annual performance-based salary adjustments and offering paid leave during their signature "Golden Week" to encourage work-life balance. Additionally, their initiative titled "Safety Map" has been a notable community service program. This employee-led effort identifies and addresses safety concerns in local areas and notably helped enhance safety in Hualien's Dachen New Village in 2024, benefiting over 3,000 residents and visitors through AI-integrated safety solutions.
From a governance perspective, the company aligns with internationally recognized best practices, having established a Risk Management Committee in 2024. Heading this committee is the President, who ensures that the organization's risk management framework is upheld and that operational stability is maintained. Leveraging AI and cloud technologies, VIVOTEK is committed to enhancing operational efficiency and cybersecurity measures, which underscores its governance strength and dedication to sustainable practices.
In light of increasing global security challenges such as climate change, geopolitical tensions, and rising social threats, VIVOTEK's strategic focus on innovation in security solutions is more relevant than ever. The company is committed to fortifying its operational resilience and working in tandem with global clients and channel partners. This collaboration leads to the development and deployment of advanced AI-driven security solutions across critical sectors, including smart cities and intelligent transportation.
VIVOTEK is not only enhancing safety but is also contributing to a sustainable future through its innovative solutions. Their concerted efforts to integrate AI and cloud technologies aim to streamline urban and industrial operations while ensuring a safer environment for communities. As a leading provider in the security industry, VIVOTEK's achievements in corporate governance and sustainability serve as a model for other companies in the sector, demonstrating that operational excellence can indeed align with corporate responsibility and community safety.
In conclusion, the advancements that VIVOTEK has made in corporate governance indicate a robust business foundation that prioritizes sustainability and employee welfare. Their recognition in the TWSE Corporate Governance Evaluation is just one of many milestones that highlight their commitment to creating a secure and sustainable future with innovative security solutions.