Nan Shan Life started with itself, using integrity management, environmental protection, and sustainable development as the critical factors for supply chain management. We hope to exercise our impact and promote sustainable concepts with our suppliers to realize corporate social responsibilities and establish a highly resilient supply chain to achieve a future that is sustainable for the common good.
Supplier Composition
Based on our procurement items, we divide our suppliers into six categories: technology procurement, printing procurement, event procurement, office supplies procurement, mechanical and electrical procurement, and building material and renovation procurement. Each year, we examine the suppliers' operation conditions, product qualities, and service qualities. There were a total of 4,297 qualified suppliers in 2023, among whom 1,138 were rated as "Excellent" and "Favorable" (only the active suppliers were evaluated during the assessment period).
Green and Local Procurement
*In 2023, the scope of statistics was expanded to include information facilities with the Energy Star label.
Supplier Management
Nan Shan Life uses rigorous review and management processes to consolidate supplier management, which include the following points:
- Before conducting business with suppliers, we must thoroughly understand their background, financial situation, and operational status. We must inspect their stakeholders, efforts in anti-terrorism and sanctions lists to ensure that they meet Nan Shan Life’s legal compliance to prevent risk from commercial trades.
- According to the relevant company assessment regulations in the Nan Shan Life Procurement Application Operation Regulations, we have established a comprehensive assessment system. We must follow a review system that is fair, impartial, and open in reviewing suppliers and selecting outstanding partners for collaboration.
- Before adding new suppliers, we review their ESG implementation status, and we incorporate ESG into the assessment items of annual qualified suppliers.
- We invite suppliers to sign the Supplier/Contractor Commitment and to follow corporate social responsibility commitments related to integrity management, labor and human rights, and environmental sustainability. In the first quarter of 2023, the Company sent supplier commitment agreements to 491 suppliers who had business relationship with Nan Shan in 2022 for ethical management and communication. With 210 suppliers signing back, the ratio of communication was 42.77%.
- Before leasing a location, we evaluate whether that property has energy-saving equipment/devices or whether the equipment/devices are old. We prioritize leasing properties with energy-saving equipment and devices or properties where the landlords are willing to replace the old equipment/devices with new models that conserve energy.
Green Procurement of Information Appliances
