ASUS Announced as Asia's Most Socially Responsible Company in 2020
2020/08/14
Company awarded prestigious accolade for corporate social responsibility leadership and sustainable procurement
TAIPEI, Taiwan,
August 14, 2020— ASUS today announced that the
company has been recognized as the Most Socially Responsible Company in Asia in
2020, marking the first time that a company from Taiwan has been awarded this
distinction. This illustrious achievement was revealed at the Asia Corporate
Excellence & Sustainability (ACES) Awards 2020, and coincides with the
release of the ASUS 2019 Corporate Social Responsibility (CSR) Report.
The ACES
Awards celebrates Asia’s most renowned business leaders, corporations and
brands, adhering to an exacting multi-stage process in order to identify,
select and interview organizations across a range leadership and sustainability
categories.
ASUS demonstrates clear leadership and
world-leading sustainable procurement
In support of
its decision to recognize ASUS as Asia’s Most Socially Responsible Company of
the Year, ACES has released a detailed report into the evaluation methodology followed
in reaching its conclusion.
This report
cited multiple instances where ASUS has achieved significant success in the
company’s CSR efforts, aided by clear leadership. These include the strong
integration of sustainable practices into the company’s business operations
reflecting effective leadership, and evidenced through the Sustainability
Strategy, 2020 Sustainability Goals, reporting, effective materiality and
stakeholder-engagement processes, and community investments.
The ACES
Awards 2020 Evaluation Report also identified that consideration of
environmental impacts is well-integrated along the ASUS value chain, spanning
product design, supply chain management, operations and product end-of-life
management. The ACES judging panel recognized ASUS for the company’s clear
leadership in the field.
The report summarizes
how, in 2018, ASUS became the first global IT brand to publish an environmental
profit and loss (EP&L) assessment report — assigning financial value to the
environmental impacts of the company’s products. It also recognizes that, in 2019,
ASUS was the first company in the world to achieve ISO 20400:2017 certification
for sustainable procurement. ASUS plans to incorporate the company’s EP&L
method into procurement processes, both to apply further sustainability to the
company’s own supply chain and to demonstrate to the broader industry the environmental
costs linked to various production methods.
“Upon achieving our 2020 Sustainability Goals, ASUS will establish a new
set of standards known as the 2025 Sustainability Goals. For this new setof standards, ASUS will bring about positive changes for society and for
the environment using a triple-bottom-line accounting model, which will help in
realizing a new vision of sustainability,” said ASUS Chairman Jonney Shih.
Digital inclusion and employee wellbeing
embedded into the ASUS approach to CSR
The ACES
judges also identified how community investments made by ASUS are closely
aligned to the company’s core business practices and monitored using an
internationally recognized Social Return on Investment (SROI) approach.
The
company’s flagship initiative, led by the ASUS Foundation, has helped to establish
more than 500 ‘digital opportunity centers’ in 38 nations — and the company has
made donations to date of some 16,000 new and refurbished notebook computers,
tablets and other devices. Volunteer activities promoted digital learning to
improve digital skills of children in rural areas as well as disadvantaged
students