FineMat Applied Materials Co., Ltd.
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:4088.562 tCO2e/year (2022)
Water Consumption:42,080 tons/year (2022)
Waste Generated:9.1 tons/year (2022)
ESG Focus Areas
- Environmental Protection
- Labor-Management Relations
- Cyber Security
- Corporate Social Responsibility
- Ethical Management
Environmental Achievements
- Received ISO 14001 international certification in 2023
- Implemented dry cleaning equipment to reduce water consumption and recycle EDI electrode wastewater
- Set future quantitative management targets for energy conservation, carbon reduction, and water consumption reduction
Social Achievements
- Established Workers’ Welfare Committee
- Provides and contributes to the pension fund in accordance with the Labor Standards Act and Labor Pension Act
- Maintains labor insurance and national health insurance
- Organizes sound pension and insurance system
- Plans training orientation for career development
- Zero occupational accidents in 2022
Governance Achievements
- Established Remuneration Committee and Audit Committee
- Adopted Regulations Governing Board’s Self-Evaluation or Peer Evaluation
- Adopted Procedures for Handling Material Inside Information
- Established Ethical Management Administration Team
- Adopted Code of Ethical Conduct and Ethical Management Best Practice Principles
- Adopted Regulations Governing Whistleblowing System
Climate Goals & Targets
Long-term Goals:
- Expand production lines
- Reduce capital cost
- Maximize capital utilization
Medium-term Goals:
- Develop mask technology for flexible panels
- Improve thermal performance of ultra-thin VC
- Provide timely technical consulting service
Short-term Goals:
- Increase market share in China
- Expand sales and market share of existing products
- Improve production capacity and quality
- Improve employee education and training
Environmental Challenges
- Losses in heat dissipation materials due to deficiencies in production technology and management
- Supply of main raw materials relies on international renowned manufacturers
- Exported products are mainly denominated in USD, and main raw materials are procured from foreign suppliers
- Foreign exchange rate fluctuations impact profit
Mitigation Strategies
- Continue to improve shortcomings and expect good performance in heat dissipation materials in 2023
- Maintain close cooperative relationships with suppliers, establish inventory management mechanisms, and execute supply contracts
- Look for alternative materials to mitigate risks over materials price volatility and shortage
- Expand accounting and financial department, observe market changes, and mitigate negative impact posed by changes in foreign exchange rates
- Adopt foreign exchange position natural hedging and exercise forward exchange transactions
Supply Chain Management
Supplier Audits: Annual
Responsible Procurement
- Compliance with RoHS
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: International Financial Reporting Standards (IFRSs)
Certifications: ISO 14001, ISO 90001
Third-party Assurance: PwC Taiwan
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:3685.577 tCO2e/year (2023)
Water Consumption:35.669 tons/year (2023)
Waste Generated:9.0 tons/year (2023)
ESG Focus Areas
- Environmental Protection
- Employee Well-being
- Corporate Governance
Environmental Achievements
- Received ISO 14001 certification in 2023; implemented dry cleaning equipment to reduce water consumption and recycle EDI electrode wastewater; reduced water consumption from 42,080 tons in 2022 to 35,669 tons in 2023; reduced GHG emissions from power consumption from 4088.562 tons in 2022 to 3685.577 tons in 2023; reduced waste from 9.1 tons in 2022 to 9.0 tons in 2023.
Social Achievements
- Established Workers’ Welfare Committee; provides competitive remuneration system with incentives; maintains labor insurance and national health insurance; provides group insurance, bonuses, health checkups, and recreational activities; implemented complete in-service training program for employee career development; zero occupational accidents in 2023.
Climate Goals & Targets
Long-term Goals:
- Maximize capital utilization; improve competitiveness through technical consulting and collaboration with customers.
Medium-term Goals:
- Expand equipment, production capacity, and technology; expand into non-AMOLED metal mask market; improve ultra-thin VC thermal performance and yield rate.
Short-term Goals:
- Develop new customers for metal etching and heat dissipation materials; expand mask sheet shipments; improve employee education and training.
Environmental Challenges
- Deficiencies in production technology and management in heat-dissipating materials in 2022; price pressure in the AMOLED mask market due to increased competition; bottleneck in AMOLED MASK market development in China; supply chain reliance on international manufacturers; foreign exchange rate fluctuations; risks associated with concentrated purchases or sales.
Mitigation Strategies
- Made improvements in technology and management of thermal materials in 2023; restructuring business model in AMOLED mask market; expanding product range of metal etching; developing alternative sourcing strategies; establishing inventory management mechanism; implementing foreign exchange position natural hedging; working with other suppliers; cooperating with Chinese manufacturers.
Supply Chain Management
Supplier Audits: Annual
Responsible Procurement
- Compliance with RoHS directives; working with suppliers on EHS and CSR issues.