Sustainability Report 2021

Company: VTECH HOLDINGS (303)
Year: 2021
Published: 2021-06-07
Status: Processed
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Extracted ESG KPIs

KPIs are organized by ESG aspects.

Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2025 Report Pages
GHG Emission per Production Output (Assembly Factories) Tonnes CO2e per 1000 unit 0.28 0.27 0.26 0.25 0.24 0.21 48
GHG Emission per Production Output (Plastic Factories) Tonnes CO2e per 1000 Kg 1.7 1.6 1.5 1.4 1.3 1.1 48
GHG emission Scope 1 (tonne of CO2e) tonne of CO2e 5948 4286 5791 5015 4617 4367 68
GHG emission Scope 1 per production output (tonne of CO2e per 1000 unit) tonne of CO2e per 1000 unit 0.044 0.03 0.042 0.035 0.035 0.028 68
GHG emission Scope 2 (tonne of CO2e) tonne of CO2e 75000 75794 78200 79378 82187 83876 68
GHG emission Scope 2 per production output (tonne of CO2e per 1000 unit) tonne of CO2e per 1000 unit 0.556 0.533 0.562 0.555 0.622 0.542 68
GHG emission Scope 3 (tonne of CO2e) tonne of CO2e 6246356 7018644 68
GHG emission Scope 3 per production output (tonne of CO2e per 1000 unit) tonne of CO2e per 1000 unit 47.3 45.5 68
Reduce GHG emission per production output in assembly factories % reduction compared with FY2020 4 10 26
Reduce GHG emission per production output in plastic factories % reduction compared with FY2020 4 10 26
Scope 1 greenhouse gas (GHG) emissions tonnes of CO2-e 4367 79
Scope 2 greenhouse gas (GHG) emissions tonnes of CO2-e 83716 79
Scope 3 greenhouse gas (GHG) emissions (ocean shipment of contractors engaged by VTech) tonnes of CO2-e 7016.684 79

Total hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2025 Report Pages
Amount of hazardous waste per production output reduction compared with FY2020 % decrease 19 22
Reduce amount of hazardous waste per production output % reduction compared with FY2020 2 5 26
Total hazardous waste produced tonnes 328.4 365.6 358.5 346.3 421.5 399 69
Total hazardous waste produced per production output tonnes per 1000 unit 0.00242 0.00257 0.00258 0.00242 0.00319 0.00259 69

Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Indicator Unit FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2025 Report Pages
Maintain the recycling rate of reusable materials % or above 75 75 26
Recycling rate of reusable materials % 80.8 22
Reduce amount of non-hazardous waste per production output % reduction compared with FY2020 2 5 26
Reduce material use per production output % reduction compared with FY2020 2 5 26
Total non-hazardous waste produced tonnes 7528 8806 9706 9111 9621 10088 69
Total non-hazardous waste produced per production output tonnes per 1000 unit 0.066 0.082 0.07 0.064 0.073 0.065 69

Description of how hazardous and non-hazardous wastes are handled, and a description of reduction target(s) set and steps taken to achieve them.

Indicator Unit FY2021 Report Pages
Amount of non-hazardous waste per production output reduction compared with FY2020 % decrease 10.3 22

Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in '000s) and intensity (e.g. per unit of production volume, per facility).

Indicator Unit FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2025 Report Pages
Electricity Used per Production Output (Manufacturing Facilities of Assembly Factories) kWh per 1000 unit 420 410 400 390 380 320 48
Electricity Used per Production Output (Manufacturing Facilities of Plastic Factories) kWh per 1000 Kg 2200 2100 2000 1900 1800 1550 48
Electricity usage per production output in assembly factories reduction compared with FY2020 % decrease 15.7 22
Electricity usage per production output in plastic factories reduction compared with FY2020 % decrease 2.9 22
Electricity used (kWh) kWh 147930737 149467269 153820653 156489059 160844220 163569413 68
Electricity used per production output (kWh per 1000 unit) kWh per 1000 unit 1096 1052 1089* 1005 1218 1060 68
Energy from Diesel (GJ) GJ 4438 9397 18642 22463 21555 23067 68
Energy from Diesel per production output (GJ per 1000 unit) GJ per 1000 unit 0.033 0.066 0.134 0.157 0.163 0.15 68
Energy from Electricity (GJ) GJ 532551 538082 553754 563361 579111 588860 68
Energy from Electricity per production output (GJ per 1000 unit) GJ per 1000 unit 3.947 3.787 3.988 3.941 4.386 3.815 68
Energy from Gasoline (GJ) GJ 5170 6098 6021 5686 6394 5806 68
Energy from Gasoline per production output (GJ per 1000 unit) GJ per 1000 unit 0.038 0.043 0.043 0.04 0.048 0.038 68
Energy from Natural Gas (GJ) GJ 35050 30409 33490 30515 28514 26430 68
Energy from Natural Gas per production output (GJ per 1000 unit) GJ per 1000 unit 0.26 0.214 0.239 0.213 0.216 0.171 68
Energy used (GJ) GJ 577208 583987 611607 622005 635555 644174 68
Energy used per production output (GJ per 1000 unit) GJ per 1000 unit 4.278 4.11 4.404 4.302 4.813 4.174 68
Increase renewable energy use % increase compared with FY2020 40 100 26
Reduce electricity usage per production output in assembly factories % reduction compared with FY2020 4 10 26
Reduce electricity usage per production output in plastic factories % reduction compared with FY2020 4 10 26

Water consumption in total and intensity (e.g. per unit of production volume, per facility).

Indicator Unit FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2025 Report Pages
Reduce total water consumption per production output % reduction compared with FY2020 4 10 26
Total water consumption per production output reduction compared with FY2020 % decrease 11 22
Water consumption (meter cube) meter cube 2011462 2008913 1633105 1556988 1550534 1613186 68
Water consumption per production output (meter cube per 1000 unit) meter cube per 1000 unit 14.9 14.1 11.8 10.9 11.7 10.5 68

Total packaging material used for finished products (in tonnes) and, if applicable, with reference to per unit produced.

Indicator Unit FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2025 Report Pages
Material use per production output reduction compared with FY2020 % decrease 2.7 22
Material used by weight or volume (1000 tonnes) 1000 tonnes 86 87.5 100.5 94.7 92.3 103.7 68
Packing material used for finished goods per production output reduction compared with FY2020 % decrease 7.4 22
Reduce packaging material used for finished goods per production output % reduction compared with FY2020 2 5 26
Total packaging material used for finished goods tonnes 30510.3 34579.8 34470.3 33222.1 32498.7 35047.1 69
Total packaging material used for finished goods per production output tonnes per 1000 unit 0.226 0.243 0.248 0.231 0.246 0.227 69

Description of the significant impacts of activities on the environment and natural resources and the actions taken to manage them.

Indicator Unit FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 Report Pages
Total number of operations 20 22 24 26 27 27 69

Total workforce by gender, employment type (for example, full- or part-time), age group and geographical region.

Indicator Unit 2021 2021-03-31 2022 2025 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 Report Pages
Average employee satisfaction rate above average 23
Average number of employees – Asia Pacific – Female 10630 10348 10062 9757 10207 10333 69
Average number of employees – Asia Pacific – Male 16352 16227 15415 15778 15307 14414 69
Average number of employees – Europe – Female 96 138 125 127 127 141 70
Average number of employees – Europe – Male 87 132 129 128 133 141 70
Average number of employees – Female 10829 10562 10340 10032 10465 10599 69
Average number of employees – Male 16583 16656 15725 16016 15143 14724 69
Average number of employees – North America – Female 104 172 153 149 131 139 69
Average number of employees – North America – Male 144 206 181 170 173 169 69
Average number of employees – Total 27412 27217 26065 26048 26870 25323 69
Average number of full-time staff 27379 27188 26021 25838 25917 25203 70
Average number of part-time staff 33 29 44 210 161 90 70
Group Revenue US$ million 2079.3 2130.1 2161.9 2165.5 2372.3 6
Increase number of staff with years of service longer than 5 years compared with FY2020 percent 6 15 27
Number of Employees 25000 6
Number of staff with more than five years of service headcount 6272 6702 7012 7282 7668 8124 59
Number of staff with years of service longer than 5 years (year-on-year change) % increase 6 23
Percentage of female employees in the workforce 39% 40% 40% 40% 40% 40% 70
Percentage of female in management position 22% 25% 25% 26% 24% 25% 70
Percentage of women in all management positions percent or more 25 25 27
Percentage of women in management positions % 24.6 23
Portion of senior management hired from local community 98% 98% 98% 97% 96% 97% 68
Production output per worker increase compared with FY2020 % increase 21.6 22
Proportion of full time staff 99% 99% 99% 99% 99% 99% 70
Total Assets US$ million 1445.6 6
Total debt Nil US$1.7 million Nil Nil Nil Nil 69
Working Capital US$ million 251.6 6

Employee turnover rate by gender, age group and geographical region.

Indicator Unit 2022 2025 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 Report Pages
Absentee rate (%) – female 0.4% 0.4% 0.4% 0.4% 0.4% 0.4% 68
Absentee rate (%) – male 0.2% 0.2% 0.2% 0.2% 0.2% 0.2% 68
Absentee rate (%) – overall 0.3% 0.3% 0.3% 0.3% 0.3% 0.3% 68
Average staff turnover rate % below 10 23
Staff turnover rate percent or below 10 10 27

Number and rate of work-related fatalities occurred in each of the past three years including the reporting year.

Indicator Unit FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 Report Pages
Injury cases 84 59 59 46 39 37 68
Injury rate per employee 0.003 0.002 0.002 0.002 0.002 0.001 68
Injury rate per employee – female 0.001 0.001 0.002 0.001 0.001 0.001 68
Injury rate per employee – male 0.005 0.003 0.003 0.003 0.002 0.002 68
Total number of work-related injury cases cases 92 87 81 70 59 56 59
Work-related fatalities cases per employee (%) 0% 0% 0% 0% 0% 0% 68

Lost days due to work injury.

Indicator Unit 2022 2025 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 Report Pages
Loss of working hours due to injuries at manufacturing facilities %, percent or below 0.01 0.01 0.0139 23, 27
Lost Hours 8256 8869 9788 7310 9235 8766 68
Lost hour rate % 0.018 0.017 0.016 0.014 0.015 0.013 59
Total lost hours (year-on-year change) % -5.1 23

The percentage of employees trained by gender and employee category (e.g. senior management, middle management).

Indicator Unit 2021 Report Pages
Number of R&D and R&D Professionals 1600 6

The average training hours completed per employee by gender and employee category.

Indicator Unit 2022 2025 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 Report Pages
Average training hours per employee hours, hours or above 25 25 29.1 41.4 47.4 61.8 67.7 73.2 23, 27, 69
Average training hours per employee – Professional/Engineer hours 14.2 21 26 38.3 32.5 25.7 69
Average training hours per employee – female hours 29.5 38 43.5 57.9 63.7 65.1 69
Average training hours per employee – male hours 28.8 43.6 50 64.3 70.3 78.3 69
Average training hours per employee – management staff hours 7.9 9.2 10.2 15.4 19.5 11.7 69
Average training hours per employee – staff & workers hours 31.8 45.6 52.2 67.1 75.2 84.3 69

Number of suppliers by geographical region.

Indicator Unit FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 Report Pages
Number of countries where VTech operates 11 13 13 14 14 15 69
Proportion of spending on local suppliers 94% 88% 88% 86% 90% 88% 68

Number of products and service related complaints received and how they are dealt with.

Indicator Unit 2021 2021-03-31 FY2022 FY2025 Report Pages
Increase production output per worker % increase compared with FY2020 8 20 26
Number of Issued and Fully Paid Shares shares 252129133 6
Revenue by Region: Other Regions US$ million 25.2 6

Number of concluded legal cases regarding corrupt practices brought against the issuer or its employees during the reporting period and the outcomes of the cases.

Indicator Unit FY2016 FY2021 Report Pages
Cases brought through dispute resolution mechanisms for non-compliance with laws and/or regulations in the social and economic area 1 69
Number of concluded legal cases regarding corrupt practices brought against the issuer or its employees during the reporting period and the outcomes of the cases cases Zero 77
Total monetary value of significant fines for non-compliance with laws and/or regulations in the social and economic area US$0.7 million 69

Focus areas of contribution (e.g. education, environmental concerns, labour needs, health, culture, sport).

Indicator Unit 2022 2025 FY2021 FY2022 FY2025 Report Pages
Maintain the average loading capacity of each container shipment % or above 80 80 26
Number of students engaged in innovative activities or studies students over 100 23
Students participating in innovative activities or studies students 200 500 27

Resources contributed (e.g. money or time) to the focus area.

Indicator Unit 2021-03-31 2022 2025 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 Report Pages
Number of students provided scholarships in Hong Kong and China students 21 23
Revenue US$1856.5 million US$2079.3 million US$2130.1 million US$2161.9 million US$2165.5 million US$2372.3 million 69
Total Equity US$ million 1171.1 6
Total equity US$625.0 million US$884.7 million US$846.6 million US$807.0 million US$901.5 million US$731.1 million 69
Total number of VTech volunteers 2592 23
Total number of VTech volunteers or percent of total employee 2500 or 10% 2500 or 10% 27
Total voluntary hours hours 12503 23
Volunteering hours hours or more 23000 23000 27

Direct (Scope 1) and energy indirect (Scope 2) greenhouse gas emissions (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2016 2017 2018 2019 2020 2021
Direct GHG Emissions (Scope 1) tonne of CO2e 5948 4286 5791 5015 4617 4367
Indirect Energy Emissions (Scope 2) tonne of CO2e 75000 75794 78200 79378 82187 83716
Scope 1 GHG Emissions Intensity (By Unit Product) tonne of CO2e per 1000 unit 0.044 0.03 0.042 0.035 0.035 0.028
Scope 2 GHG Emissions Intensity (By Unit Product) tonne of CO2e per 1000 unit 0.556 0.533 0.562 0.555 0.622 0.542
Scope 3 GHG Emissions Intensity (By Unit Product) tonne of CO2e per 1000 unit 47.3 45.5
Total GHG Emissions tonne of CO2e 80948 80080 83991 84393 86804 88083
Total Other Indirect Energy Emissions (Scope 3) tonne of CO2e 6246356 7018644

Total hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2016 2017 2018 2019 2020 2021
Total Hazardous Waste tonnes 328.4 365.6 358.5 346.3 421.5 399
Total Hazardous Waste Intensity (By Unit Product) tonnes per 1000 unit 0.00242 0.00257 0.00258 0.00242 0.00319 0.00259

Total non-hazardous waste produced (in tonnes) and, where appropriate, intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2016 2017 2018 2019 2020 2021
Non-Hazardous Waste Disposed tonnes 7528 8806 9706 9111 9621 10088
Recycling Rate of Non-Hazardous Waste % 80.8
Total Non-Hazardous Waste Intensity (By Unit Product) tonnes per 1000 unit 0.066 0.082 0.07 0.064 0.073 0.065

Description of emissions target(s) set and steps taken to achieve them.

Standard Indicator Unit
Target Reduction in GHG Intensity Percentage by 2030 Compared to 2020 %

Description of how hazardous and non-hazardous wastes are handled, and a description of reduction target(s) set and steps taken to achieve them.

Standard Indicator Unit 2021
Non-Hazardous Waste Intensity Reduction Percentage Compared to Last Year % decrease 10.3

Direct and/or indirect energy consumption by type (e.g. electricity, gas or oil) in total (kWh in '000s) and intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2016 2017 2018 2019 2020 2021
Diesel Fuel Consumption GJ 4438 9397 18642 22463 21555 23067
Energy Consumption Intensity (By Unit Product) GJ per 1000 unit 4.278 4.11 4.404 4.302 4.813 4.174
Gasoline Consumption GJ 5170 6098 6021 5686 6394 5806
Natural Gas Consumption GJ 35050 30409 33490 30515 28514 26430
Purchased Electricity kWh 147930737 149467269 153820653 156489059 160844220 163569413
Total Electricity Consumption Intensity (By Unit Product) kWh per 1000 unit 1096 1052 1089 1005 1218 1060
Total Energy Consumption GJ 577208 583987 611607 622005 635555 644174
Total Indirect Energy Consumption GJ 532551 538082 553754 563361 579111 588860

Water consumption in total and intensity (e.g. per unit of production volume, per facility).

Standard Indicator Unit 2016 2017 2018 2019 2020 2021
Water Consumption meter cube 2011462 2008913 1633105 1556988 1550534 1613186
Water Withdrawal Intensity meter cube per 1000 unit 14.9 14.1 11.8 10.9 11.7 10.5

Total packaging material used for finished products (in tonnes) and, if applicable, with reference to per unit produced.

Standard Indicator Unit 2016 2017 2018 2019 2020 2021
Packaging Material Intensity (By Unit Product) tonnes per 1000 unit 0.226 0.243 0.248 0.231 0.246 0.227
Packaging Materials Consumed tonnes 30510.3 34579.8 34470.3 33222.1 32498.7 35047.1

Total workforce by gender, employment type (for example, full- or part-time), age group and geographical region.

Standard Indicator Unit 2016 2017 2018 2019 2020 2021
Number of Female Employees 10829 10562 10340 10032 10465 10599
Number of Full-time Employees 27379 27188 26021 25838 25917 25203
Number of Male Employees 16583 16656 15725 16016 15143 14724
Number of Part-time Employees 33 29 44 210 161 90
Number of Total Employees 27412 27217 26065 26048 26870 25323
Percentage of Female Employees percent 39 40 40 40 40 40
Percentage of Full-time Employees percent 99 99 99 99 99 99

Employee turnover rate by gender, age group and geographical region.

Standard Indicator Unit 2021 2022 2025
Turnover Rate of Total Employees percent or below 10 10 10

Lost days due to work injury.

Standard Indicator Unit 2016 2017 2018 2019 2020 2021
Lost Days Due to Work-related Injuries days 8256 8869 9788 7310 9235 8766

The average training hours completed per employee by gender and employee category.

Standard Indicator Unit 2016 2017 2018 2019 2020 2021 2022 2025
Average Training Hours (Female) hours 29.5 38 43.5 57.9 63.7 65.1
Average Training Hours (General Staff) hours 31.8 45.6 52.2 67.1 75.2 84.3
Average Training Hours (Male) hours 28.8 43.6 50 64.3 70.3 78.3
Average Training Hours (Senior Management) hours 7.9 9.2 10.2 15.4 19.5 11.7
Average Training Hours (Technical Employees) hours 14.2 21 26 38.3 32.5 25.7
Average Training Hours per Employee hours or above 29.1 41.4 47.4 61.8 67.7 73.2 25 25

Number of suppliers by geographical region.

Standard Indicator Unit 2016 2017 2018 2019 2020 2021
Proportion of Spending on Local Suppliers % 94 88 88 86 90 88

Resources contributed (e.g. money or time) to the focus area.

Standard Indicator Unit 2021 2022 2025
Number of Volunteers among Employees 2592 2500 2500
Total Volunteer Service Hours hours 12503 23000 23000