Climate Change Data

GENIUS ELECTRONIC OPTICAL CO., LTD

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:19,457.9 tCO2e/year (Scope 2, Taiwan Plant) + 17,065.4 tCO2e/year (Scope 2, Central Taiwan Industrial Park Plant) + 802.5 tCO2e/year (Scope 2, Jingke Plant) + 1,545.8 tCO2e/year (Scope 2, Houke Plant) + 43.9 tCO2e/year (Scope 1, Central Taiwan Industrial Park Plant) + 0.1 tCO2e/year (Scope 1, Houke Plant) + 44 tCO2e/year (Scope 1, Taiwan Plant)
Scope 1 Emissions:88 tCO2e/year
Scope 2 Emissions:19,457.9 tCO2e/year
Water Consumption:92,865 m3/year (Taiwan Plant) + 73,714 m3/year (Central Taiwan Industrial Park Plant) + 5,005 m3/year (Jingke Plant) + 14,146 m3/year (Houke Plant)
Waste Generated:155.55 tons/year (Taiwan Plant) + 141.92 tons/year (Central Taiwan Industrial Park Plant) + 8.17 tons/year (Jingke Plant) + 5.46 tons/year (Houke Plant)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Replaced traditional lighting fixtures with LED lamps and installed solar panels in additional factory construction.
  • Direct emissions (Scope 1) reduced from 151.3 metric tons CO2e/year in 2022 to 43.9 metric tons CO2e/year in 2023 (Central Taiwan Industrial Park Plant).
  • Indirect emissions from energy (Scope 2) reduced from 19,308.6 metric tons CO2e/year in 2022 to 17,065.4 metric tons CO2e/year in 2023 (Central Taiwan Industrial Park Plant).

Social Achievements

  • Female employees accounted for about 38.25% of the workforce as of the end of 2023.
  • Female supervisors accounted for about 8.84% of supervisors as of the end of 2023.
  • Regular donations to Taichung Huiming School for Blind Children.

Governance Achievements

  • Established Audit Committee in 2022.
  • Revised regulations for Shareholders Meetings, Election of Directors, and Corporate Governance Best Practice Principles in 2022.
  • Regularly purchases liability insurance for Directors.

Climate Goals & Targets

Short-term Goals:
  • Annual reduction of 1% in energy consumption.

Environmental Challenges

  • Short product life cycle requiring continuous new product development.
  • Increased production capacity from competitors leading to price competition.
  • Imbalance between supply and demand of raw materials causing price increases.
  • Most system factories located in China, making customer service time-consuming.
Mitigation Strategies
  • Continuous market information collection for new product and process development.
  • Closer relationships with manufacturers to maintain stable sales and active development of new customers.
  • Expanding the scope and number of suppliers for stable supply sources.
  • Increasing service bases to serve customers quickly.

Supply Chain Management

Responsible Procurement
  • Evaluation of major suppliers' compliance with relevant laws and regulations.

Climate-Related Risks & Opportunities

Opportunities
  • Development of energy-efficient products (LED lighting).

Sustainable Products & Innovation

  • LED streetlights, tunnel lights, advertising lamps, floodlights, flashlights, bicycle lamps.