Policy Management
Good Way Technology regards suppliers as essential partners in sustainable development. Compliance with relevant regulatory obligations forms the foundation of our long-term partnerships with suppliers. In alignment with Good Way's sustainable development policy, we integrate supplier management practices across labor human rights, environmental protection, and occupational health and safety into our supply chain risk management to ensure the sustainability of our strategic partnerships.
Policies and Guidelines
Good Way values cooperation and growth with its suppliers. Following responsible procurement policy guidelines and responding to customer needs, we formulate sustainable supply chain strategies to collaborate with supply chain partners in mitigating the negative environmental and social impacts of product manufacturing, while ensuring that suppliers comply with business integrity standards and international labor human rights requirements.
Objectives and Implementation Strategies
| Medium-Term Objectives | Implementation Strategies |
|---|---|
|
Supplier Compliance and Sustainability Assessment: All regular trading suppliers comply with the Good Way Supplier Code of Conduct; zero high-risk Tier-1 suppliers.
Green and Conflict-Free Mineral Procurement: Raw materials are 100% compliant with Green Product (GP) requirements and conflict-free mineral compliance rates, achieving 100% disclosure and due diligence on conflict minerals. |
Promote and urge suppliers to strictly adhere to the Good Way Supplier Code of Conduct: Require suppliers to sign a 100% declaration of conformity to the Code of Conduct. Counsel and assess supplier risks: Establish a supplier sustainability scorecard, regularly compile and evaluate supplier risks, and provide guidance to high-risk suppliers. Strict supplier and material selection: 100% utilization of suppliers and materials meeting green environmental protection standards and conflict-free mineral requirements. During product approval, suppliers are simultaneously required to provide GP documents and a conflict-free mineral declaration. Strengthen product responsibility and compliance: Strictly review high-risk supplier reports, and monitor conflict-free mineral survey coverage rates, customer product material declaration response rates, etc. |
Sustainable Supply Chain Management Framework
Good Way strictly adheres to international standards, including but not limited to the Responsible Business Alliance (RBA) Code of Conduct, incorporating them into our supply chain management system. The Sustainable Supply Chain Functional Committee is headed by the top operations executive and implements the PDCA management cycle through the following systematic management mechanisms and processes. The Sustainable Supply Chain Functional Committee reports execution progress and milestone achievements to the Sustainable Development Committee on a quarterly basis.
Sustainable Supply Chain Management Process
Supplier Selection and Evaluation
In accordance with the sustainable supply chain policy, Good Way has established a set of supplier selection criteria for qualified supplier screening. The screening process incorporates multiple dimensions, including business operations and sustainability, to conduct supplier surveys and risk assessments.
| Dimension | Evaluation Items |
|---|---|
| Environment | Possession of environmental management policies, management systems, and other ISO certificates such as greenhouse gas inventory and energy efficiency management. |
| Social Responsibility |
Labor human rights policies, degree of compliance with the code of conduct, ISO certificates; Public records of labor-related litigation; Possession of CSR and occupational safety-related system certificates. |
| Governance |
Public records of business ethics-related litigation; Publicly disclosed financial and non-financial (sustainability report) information. |
| Business Operations |
Uniqueness and competitive advantage of product technology; Substitutability of provided products; Delivery process and on-time delivery capability; Cost control process and long-term capability. |
| Products |
Product quality management system; Green product management and conflict-free mineral management. |
Good Way continues to promote the sustainable supply chain to deepen long-term cooperative relationships. Through collaboration with partners, we enhance environmental sustainability, social responsibility management, and sustainability training, while conducting in-depth communication and cooperation on critical issues, striving to achieve a win-win and sustainable future.
For specific actions, execution results, performance, and responses regarding Good Way's annual sustainable supply chain, please download the Good Way Group Annual Sustainable Development Report.