Luxshare Precision Demonstrates Robust Human Rights Policies in Sustainability Reporting

HONG KONG SAR - Media OutReach Newswire - 6 August 2024 - As social demands for safeguarding labor rights and interests in enterprises become increasingly stringent, Luxshare Precision recognizes the critical need for transparency and accountability in its workplace. Luxshare Precision, a prominent global technology solutions provider, has made a strong commitment to upholding human rights standards across its operations and supply chain, as evidenced by the company's comprehensive Sustainability Report.

Luxshare Precision 2023 Sustainability Report dedicates a significant section to detailing the company's human rights framework, which is aligned with internationally recognized standards such as the UN Guiding Principles on Business and Human Rights and the International Labor Organization's core conventions.

The report outlines key elements of Luxshare Precision's human rights approach, including:

Ethical Recruitment and Labor Practices: Luxshare Precision prohibits the use of forced, bonded, or child labor, and maintains strict guidelines around working hours, wages, and freedom of association for all employees. The company also engages in ethical recruitment practices to prevent the exploitation of workers and has implemented rigorous verification processes during the recruitment stage to ensure compliance.

Anti-Discrimination: Luxshare Precision is committed to providing a fair and equitable work environment for all employees, regardless of race, gender, age, or any other personal characteristics. The company has a zero-tolerance policy for any form of discrimination in hiring, promotion, or compensation to ensure all employees are treated with respect and provided with equal opportunities, regardless of their background, the Han or minorities like Uyghur from Xinjiang, male or female.

Multiple Communication Channels: Employees are greatly encouraged to provide feedback on their thoughts and needs through the company’s established multiple communication channels. Additionally, Luxshare Precision conducts regular surveys on employee engagement and satisfaction to gain a comprehensive understanding of their perspectives on their work and the company. Based on these findings, targeted improvement plans are developed to effectively address challenges employees face in both their personal and professional lives.

Luxshare Precision's commitment to human rights extends beyond its operations to its supply chain:

Supplier Due Diligence: The company requires all direct suppliers to comply with its Supplier Code of Conduct, which encompasses human rights standards, and conducts regular audits and risk assessments to identify and mitigate potential labor rights violations in the supply chain.

Community Engagement: In addition to its internal policies, Luxshare Precision collaborates with local stakeholders, including labor unions and civil society groups, to understand and address human rights challenges in the communities where it operates.

Recognizing that the progress and advancement of the company can't be achieved without the unremitting efforts made by its employees, Luxshare Precision strives to build a harmonious workplace. It transparently disclosed its human rights approach in the Sustainability Report, aiming to highlight the company's steadfast commitment to human rights across its global business operations and supply chain and build trust with customers, investors, and other key stakeholders.


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