Corporate social responsibility (CSR) covers many issues. For Delta, CSR includes sound corporate governance, commitment to stakeholders' balanced interests, dedication to energy conservation and environmental protection, and contributing to society. CSR is not only an essential part of Delta's corporate strategy but also the principles we strive to follow on a daily basis.
CSR related supply china management has been the electronic industry's focus in recent years. Current topics such as environment-related substances in products, climate change, labor safety & health and human rights, as well as emerging ones such as conflict metal/conflict mineral and water footprint all need supplier participation to realize maximum synergies. We have announced our policies on the EICC code of conduct and conflict metal/conflict mineral 1 and are promoting the relevant concepts to our supply chain. We have also established a committee dedicated to the issue of sustainable sourcing and supply chain management that is setting up policies, performance indicators, and reporting on committee performance. At the same time, we continue to participate in discussions on amending information disclosure requirements for supply chain management in the Global Reporting Initiative (GRI) Sustainability Reporting Guidelines, organized by the GRI. We hope that the GRI will consider feedback from the Taiwanese electronics industry as they draft the new guidelines. Meanwhile, working together with other companies around the world, such as non-profit organizations, certification bodies, voluntary standard-setting organizations 2, and consultants helps Delta understand the latest international trends.
Since we introduced the ISO 50001 energy management system at our major sites in China and Thailand in 2009, we have advanced the level from upgrading equipment to total energy management, and we are extending the practice to the rest of Delta's sites. In addition to reaching the short-term target of "reducing the overall electricity intensity 3 of the Delta Group by 10% in 2010 compared to 2009" 4, we have also designated a competitive five year goal of lowering electricity intensity by 50%, in the hopes of further enhancing efficiency in our use of electricity. We will initiate discussions on group-wide management goals regarding water resources and waste management. As we reach internal consensus and lower operating risk, we will become environmentally friendly on a greater scale.
We have always valued the importance of information disclosure. Delta Electronics Inc., our parent company, was once again given an A+ rating for information disclosure by the Securities & Futures Institute in Taiwan in 2010. Meanwhile, the Board organized the Compensation Committee to evaluate the compensation policy of the company and the compensation of directors and officers to ensure that overall remuneration is fair and reasonable.
As we develop a total solutions business and promote the Delta brand, we are combining operations strategies and core competencies to carry out our corporate social responsibility more effectively. Through solid effort, we will continue to integrate internal and external resources to fulfill Delta's CSR commitments and create a sustainable positive impact on society.
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