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AU Optronics Corp. to Receive Taiwan First Independent Verification GRI A+ for Its CSR Report
Thursday, August 07, 2008
Demonstrating AUO's Transparency and Completeness Under the Highest Global Guidelines
HSINCHU, Taiwan, Aug. 7 /Xinhua-PRNewswire-FirstCall/ -- AU Optronics Corp.
("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announces that its
2007 CSR report is to be Taiwan's first ever CSR report receiving G3 GRI A+(1)
verification, as well as the first one in the global TFT-LCD industry,
demonstrating how AUO discloses its economic, environmental and social
performance under global reporting framework in a transparent, complete and
balanced means.
AUO 2007 CSR report follows the standard 2006 Global Reporting
Initiative's Sustainability Reporting Guidelines (GRI G3) and has been
verified as the highest Level A+ by SGS(2), a world-recognized inspection and
certification company. Moreover, AUO has also accomplished the AA1000AS (1)
(AccountAbility 1000 Assurance Standard), demonstrating the materialism,
completeness and responsiveness of this report. AUO has integrated CSR in all
aspects of its strategic planning, including company policies, business models,
execution procedures and employee training systems. This report provides
transparent, complete and balanced data to our global investors, customers,
communities, employees and all other stakeholders. In 2004, AUO initiated its
first environmental report, followed by an environmental, safety and health
report in 2005, and published its first CSR report in 2006. This second 2007
CSR Report received GRI G3 Level A+ recognition, which represents AUO's
commitment to social responsibility and its stakeholders.
"Just as a financial report transparently discloses a corporation's
financial status, CSR information is also obligated to be open to the public
in a balanced way," said Dr. L.J. Chen, President and COO of AUO. "We are
honored to receive this highest recognition, and we hope to provide its global
investors and customers a comprehensive, transparent and balanced report. AUO
will continuously execute our 'Green Solutions' as a core of our CSR, to
benefit the society we live in."
Mr. Dennis Yang, COO of SGS South Asia, noted, "We highly recognize AUO's
dedication to social responsibility, as well as the disclosure of its CSR
report following Global Reporting Initiative guidelines. After a 2-month
verification process led by Lead Verifier of SGS UK Ms. Rita Godfrey and SGS
jury, we consentaneously issue the GRI A+ appraisal to the AUO 2007 CSR Report,
to recognize the materiality, completeness and responsiveness in terms of
economic, environmental and social performance."
AUO Report Assurance Download:
http://auo.com/auoDEV/download.php?path=about&file=AUO_csr2007en_Chapter12.pdf
(1) About GRI and AA1000AS
Global Reporting Initiative (GRI) issues the most recognized and most
commonly-used sustainability reporting guidelines by organizations for
disclosure about their sustainability performance, and also provides
stakeholders a universally-applicable, comparable framework in which to
understand disclosed information. Up to Jan 2007, nearly 1000 organizations
from over 60 countries adopt GRI reporting framework. AccountAbility 1000
Assurance Standard (AA1000AS) is a process standard for assessing the
credibility and quality of an organisation's social, economic and
environmental reporting. Stakeholder engagement is central to the AA1000AS.
Reporting organizations base on AA1000AS to demonstrate they are open,
engaging and responsive to stakeholder perceptions and expectations.
(2) About SGS
SGS Group Switzerland is the world's leading inspection, verification,
testing and certification company, and is recognized as the global benchmark
for quality and integrity. SGS employs over 50,000 people and operates a
network of more than 1,000 offices and laboratories around the world.
About AU Optronics
AU Optronics Corp. ("AUO") is the world's 3rd largest manufacturer* of
large-sized thin film transistor liquid crystal display panels ("TFT-LCD"),
with approximately 19%* of global market share in Q1/2008 and revenues of
NT$480.2 billion (US$14.81billion)* in 2007. TFT-LCD technology is currently
the most widely used flat panel display technology. Targeted for 40"+ sized
LCD TV panels, AUO's new generation (7.5-generation) fabrication facility
production started mass production in the fourth quarter of 2006. The Company
currently operates one 7.5-generation, two 6th-generation, four 5th-generation,
one 4th-generation, and four 3.5-generation TFT-LCD fabs, in addition to eight
module assembly facilities and the AUO Technology Center specializes in new
technology platform and new product development. AUO is one of few top-tier
TFT-LCD manufacturers capable of offering a wide range of small- to large-
sized (1.5"-65") TFT-LCD panels, which enables it to offer a broad and
diversified product portfolio.
* DisplaySearch 2Q2008 WW Large-Area TFT-LCD Shipment Report dated July
30, 2008. This data is used as reference only and AUO does not make
any endorsement or representation in connection therewith. 2007 year
end revenue converted by an exchange rate of NTD32.43:USD1.
For more information, please contact:
Fiona Chiu
Corporate Communications Dept
AU Optronics Corp
Tel: +886-3-500-8899 x3206
Fax: +886-3-577-2730
Email: fiona.chiu@auo.com
Yawen Hsiao
Corporate Communications Dept.
AU Optronics Corp.
Tel: +886-3-500-8899 x3211
Fax: +886-3-577-2730
Email: yawen.hsiao@auo.com
SOURCE AU Optronics Corp.
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