Pegavision Optical Co., Ltd.
Climate Impact & Sustainability Data (2020, 2021, 2022, 2023)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Corporate Governance
- Environmental Sustainability
- Social Harmony
- Employee Care
Environmental Achievements
- Reduced paper consumption for photocopying by 6.81% compared to 2019, saving 381 kg CO2e.
- Reduced water consumption relative to revenue by 10.4% compared to 2019.
- Increased resource recovery rate to 88%.
Social Achievements
- Sponsored social inclusion projects and events to an amount of TWD 844,000.
- Talent development quality management system won the Silver Award from the Ministry of Labor.
- Participated in Tamsui River Clean-Up and Earth Hour.
Governance Achievements
- Ranked in the top 6-20% of all listed companies in the 2020 Corporate Governance Appraisal Ranking.
- Revised integrity management policies and prevented integrity-violating conduct.
- All employees signed an ethical business pledge.
Climate Goals & Targets
- Not disclosed
- Reduce water consumption by 6% compared to 2019 by 2025.
- Reduce water consumption by 6% compared to 2019 by 2025.
- Reduce electricity consumption relative to revenue by 1% from 2019 base year.
- Reduce paper consumption for photocopying by 1% from 2019 base year.
Environmental Challenges
- COVID-19 pandemic impacting global economy and business activity.
- Supply chain disruptions due to the COVID-19 pandemic.
- Water shortages due to drought.
Mitigation Strategies
- Implemented various epidemic prevention measures to protect employee health.
- Increased buffer inventory of raw materials to prevent production impacts.
- Adopted water-saving measures, pure water recovery system, and water recycling.
Supply Chain Management
Supplier Audits: 6 suppliers audited in 2020; 100% pass rate
Responsible Procurement
- Added corporate social responsibility clauses to major supplier contracts.
- Green procurement of TWD 2,798,759.
Climate-Related Risks & Opportunities
Physical Risks
- Water shortages
- Extreme weather events
Transition Risks
- Increased energy prices
- Regulatory changes
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI Standards, UN Sustainable Development Goals, AA1000 Standards
Certifications: ISO 13485, GMP
Third-party Assurance: AA1000 Type I Moderate Assurance Level by British Standards Institution (BSI)
UN Sustainable Development Goals
- Goal 3
- Goal 4
- Goal 5
- Goal 6
- Goal 8
- Goal 9
- Goal 10
- Goal 12
- Goal 13
- Goal 16
- Goal 17
Initiatives contribute to these goals through various social and environmental programs.
Sustainable Products & Innovation
- High moisturizing, high lubrication, and high oxygen permeable silicone hydrogel monthly lenses
- Unique pressure relief lenses
- New-generation astigmatism lenses
- Varifocal presbyopia lenses
- Highly biocompatible lenses made with hioxifilcon
Awards & Recognition
- BSI Organizational Resilience Awards
- TTQS Silver Award
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Corporate Governance
- Environmental Sustainability
- Social Harmony
Environmental Achievements
- Recycling rate of 89% in 2021
- Reduced production loss rate by 16% (partial implementation) by extending the service life of trays
- Improved process yield and reduced waste by improving the initial inspection yield of wet lenses through automated optical inspection (AOI) by 2.5%
- Reduced polypropylene (PP) use by 10% in product packaging
- Reduced solution volumes by 30%
Social Achievements
- Won the 2021 "Technology R&D Industry - Gold Award" at the Happy Enterprise Awards
- Maintained female supervisor ratio at 28%
- Completed 100% of planned human rights training
- Employed more people with disabilities than the legal standard (26 people)
- Donated TWD 546,000 in the field of social inclusion
Governance Achievements
- Ranked in the 6-20% bracket of listed companies in the 8th Corporate Governance Evaluation
- Selected as a constituent stock of the "Corporate Governance 100 Index"
- No major information security incidents occurred (0 times)
- Revised "Risk Management Policies and Procedures" and "Measures for Preventing Insider Trading"
- Newly appointed director signed a pledge of compliance with the integrity management policy
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Worst drought in 56 years in Taiwan
- Level 3 Alert for Covid-19 in Taiwan
- High temperatures and heat waves in Canada and the northwestern United States
- Heavy rainfall and unprecedented floods in Western Europe
- Two-month epidemic prevention lockdown in Shanghai
- Ongoing Russian-Ukrainian war
Mitigation Strategies
- Relocating factories
- Separate labor pools
- Purchasing masks for employees
- Factory-wide rapid testing
- Increased green procurement by 171% year-on-year
- Voluntarily adopted ISO 14064-1:2018 for greenhouse gas emissions inventory
- Developed various plans for energy conservation and carbon emissions reduction
Supply Chain Management
Supplier Audits: 14/year
Responsible Procurement
- Code of conduct
- Supplier sustainability requirements
- ESG selection mechanism for new suppliers
- Addition of corporate responsibility clauses to supplier contracts
Climate-Related Risks & Opportunities
Physical Risks
- Drought
- Extreme weather
Transition Risks
- Regulatory changes
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI Standards, AA1000 Standards, UN Sustainable Development Goals (SDGs)
Certifications: ISO 14064-1:2018, ISO 13485, GMP, ISO 45001
Third-party Assurance: British Standards Institution (BSI)
UN Sustainable Development Goals
- Goal 3
- Goal 5
- Goal 8
- Goal 9
- Goal 10
- Goal 12
- Goal 13
- Goal 16
- Goal 17
The report mentions alignment with various SDGs throughout the document, but lacks specific details on how initiatives contribute to each goal.
Sustainable Products & Innovation
- Ultra-moisturizing and ultra-lubricating silicone hydrogel monthly disposable lenses
- Contact lenses with comprehensive vitamin-enzyme synergistic wellcare
- Long-lasting nourishing functional contact lenses
- Astigmatism-correcting cosmetic lenses
- Advanced multifocal cosmetic contact lenses
Awards & Recognition
- 2021 Happy Enterprise Award
- Happy Enterprise of Technology R&D Industry
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental Protection
- Employee Welfare
- Corporate Governance
Environmental Achievements
- Increased water recovery rate by approximately 16.5% over the previous year at Guishan Plant
- Decreased power consumption per product unit by 0.3% over the previous year at Guishan Plant
- Reduced electricity consumption of products per unit by 41% from 2019 (base year)
Social Achievements
- Allocated NT$231,589 thousand in employee compensation in 2022 (at least 10% of pre-tax income)
- Provided employee benefits exceeding NT$81 million in 2022
- Total employee training hours of 38,789.5 in 2022 (average 22.8 hours per employee)
Governance Achievements
- Established a Corporate Sustainability Team chaired by the President
- Implemented ISO 14001 environmental management system and ISO 14064-1:2018 greenhouse gas certification
- Established a code of ethical conduct and ethical corporate management best-practice principles
Climate Goals & Targets
- Achieve a reduction of 50% in the electricity consumption of products per unit by 2027 as compared to the base year (2019)
- Reduce water consumption of products per million units by 55% from the base year (2019) by 2027
- Achieve a reduction of 20% of the total weight of waste for products per million units as compared to the base year (2020) by 2027
Environmental Challenges
- Impact of inflation on consumer purchasing power of contact lenses
- Market price competition affecting gross profit margin
- Potential adverse impacts from certain policies or regulatory changes
Mitigation Strategies
- Improvements in production efficiency and stringent control of marketing expenses
- Reducing dependency on a single area or market
- Dynamic pricing approach to adjust selling prices based on raw material costs
Supply Chain Management
Supplier Audits: 6 on-site evaluations, 5 remote evaluations, 2 written evaluations (2022)
Responsible Procurement
- Green procurement of NT$6,530,959 in 2022
- Supplier Safety and Health Self-assessment and Review
Climate-Related Risks & Opportunities
Physical Risks
- Water and electricity shortages
Transition Risks
- Increase in utility costs
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI Standards
Certifications: ISO 14001, ISO 14064-1:2018, ISO 45001, ISO 13485:2016
Third-party Assurance: BSI
Sustainable Products & Innovation
- High hydrophilic and moisturizing daily disposable cosmetic silicone hydrogel-based lens
- New generation blue light blocking lens
- Pearlescent cosmetic lens
- Toric multifocal 3-in-1 lens
Awards & Recognition
- Silver medal award from the Labor Development Department of the Ministry of Labor (2020)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Corporate Governance
- Products and Services
- Environmental Sustainability
- Employee Care
- Healthy Workplace
- Sustainable Value Chain
- Social Harmony
Environmental Achievements
- Improved water recycling rate at Guishan Plant by 20.5% compared to the previous year
- Electricity use per unit of product reduced by 7.4% compared to the previous year
- Recycling rate for PP scraps was 82%
- AOI inspections increased from 95% to 98.1% to improve efficiency and reduce waste
Social Achievements
- Named a Happy Enterprise for five consecutive years
- Maintained female supervisor ratio and ensured equal opportunities for women in leadership
- Completed 100% of planned human rights training
- Employed 22 people with disabilities, exceeding the legal standard
- Donated TWD 2,712,000 in the field of social inclusion
Governance Achievements
- Ranked in the 6-20% bracket of listed companies in the 10th Corporate Governance Evaluation
- Invested TWD 592 million in R&D for new product development and production technology upgrades
- No major information security incidents occurred in 2023
- Completed third-party verification of the Sustainability Report in accordance with AA1000AS v3 Type I
Climate Goals & Targets
- Net-zero emissions
- Achieve 20% water recycling rate at Guishan Plant (achieved)
- Reduce annual carbon emissions by 1% or more
- Increase proportion of green electricity
- Install solar panels at Guishan and Daxi Plants
- Reduce water consumption
- Increase AOI inspection yield
- Implement ISO 14064-1 GHG inventory
- Reduce average annual electricity consumption by 1% or more
Environmental Challenges
- Slowdown in global economic growth due to the Russian-Ukrainian War, interest rate hikes, technology war between US and China, and regional conflicts
Mitigation Strategies
- Enhanced competitiveness by introducing AOI+AI, flexible production system 2.0, and other technologies
- Added a third production base for risk diversification and ensuring supply chain continuity
- Developed a new eco-friendly silicone hydrogel material
Supply Chain Management
Supplier Audits: 21 companies/year, 100% pass rate
Responsible Procurement
- Green procurement (TWD 5,632,406 in 2023)
- Preference for suppliers with ISO 14001 and ISO 45001 certifications
- Inclusion of CSR clauses in supplier contracts (100% of key suppliers)
Climate-Related Risks & Opportunities
Physical Risks
- Increased average temperatures leading to higher power consumption and costs
Transition Risks
- Increase in GHG emission pricing (carbon levies)
Opportunities
- Resource efficiency (water and energy savings)
- Use of low-carbon energy (solar panels)
- Recycling
Reporting Standards
Frameworks Used: GRI Universal Standards 2021, SASB Standards - Health Care Delivery - Medical Equipment & Supplies, TCFD, UN Sustainable Development Goals, AA1000AS v3
Certifications: ISO 13485, ISO 14001, ISO 45001, ISO 14064-1:2018, GMP
Third-party Assurance: DNV (moderate level of assurance), SGS Taiwan (GHG inventory)
UN Sustainable Development Goals
- Goal 9
- Goal 8
- Goal 10
- Goal 12
- Goal 16
Initiatives contribute to these goals through R&D, employee well-being, diversity and inclusion, sustainable resource management, and ethical business practices.
Sustainable Products & Innovation
- Eco-friendly silicone hydrogel material
- Ultra-oxygen permeability high comfort silicone hydrogel daily disposable lens
- Ultra-moisturizing silicone hydrogel daily disposable colored lens
- Diverse colored silicone hydrogel daily disposable lens
- Silicone hydrogel low-stress lens
- Next-generation anti-blue light low-stress light lens
- Myopia-control lens
Awards & Recognition
- Happy Enterprise Silver Award (2023)
- Green Procurement Outstanding Enterprise (Taoyuan City Government)