IPC International Community magazine an association member publication
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IPC COMMUNITY 65 FALL 2024 IPC has developed approx- imately 10 industry standards related to CSR and EHS, including IPC-1401. In 2021, IPC formed the Electronics Industry ESG Steer- ing Group, and in 2023, together with 10 leading companies in the industry (AT&S, Altium, BAE Sys- tems, Flex, Intel, Jabil, NGC, Sie- mens, TTM, and Zollner), estab- lished the Sustainability for Elec- tronics Leadership Council. This council conducts substantial industry sustainability assess- ments, identifies priority topics for the electronics industry's sus- tainable development, and fur- ther promotes sustainability in the industry. What is the future of ESG? What trends or changes might occur in the next five to 10 years? The first ESG milestone in the era of globaliza- tion occurred in 1991 when companies like Nike released ESG codes of conduct. Since 2004, ESG has expanded into the financial sector, evolv- ing from corporate self-regulation to industry self-regulation, extending from the consumer goods and technology sectors to the financial industry, and moving from the product market to the capital market. Customers are incorporat- ing ESG into procurement decisions, investors are incorporating ESG into investment deci- sions, and ESG violations can lead to fines, busi- ness restrictions, or cessation. Currently, the U.S. and Europe are vigorously promoting ESG leg- islation, regulating all industries with measures such as product import-export controls, infor- mation disclosure, due diligence management, and extraterritorial jurisdiction. The global ESG landscape is still in a growth phase. Over the next five to 10 years, with stron- ger regulations and changing market demands, ESG will become a fundamental condition for business operations, mirroring the histori- cal development of quality management in the ESG field. Could you share your experiences with IPC in promoting ESG standards globally? The strength of IPC standards lies in address- ing real corporate pain points, extracting indus- try best practices, and helping companies reduce costs and increase efficiency. In my view, IPC could consider collaborating with organi- September 2014, Shenzhen, China: IPC-1401 Standard Committee Meeting. August 2024, Shanghai, China: Sedex Awards Ceremony.