Climate Change Data

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

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Reduce water consumption by 6% compared to 2019 by 2025.
Short-term Goals:
  • 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

Total Carbon Emissions:55,059.316 tCO2e/year
Scope 1 Emissions:165.3641 + 63.6126 = 228.9767 tCO2e/year
Scope 2 Emissions:37,367.7239 + 1,846.0548 = 39213.7787 tCO2e/year
Scope 3 Emissions:15,261.8637 + 354.6968 = 15616.5605 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:78,115,097 kWh/year
Water Consumption:323.4 million liters/year
Waste Generated:2,597.001 tons/year
Carbon Intensity:Not disclosed

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

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • 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

Total Carbon Emissions:55,059.316 tCO2e/year (2021)
Scope 1 Emissions:228.9767 tCO2e/year (2021)
Scope 2 Emissions:39,213.7787 tCO2e/year (2021)
Scope 3 Emissions:15,616.5605 tCO2e/year (2021)
Water Consumption:323,400 m3/year (2021)
Waste Generated:2,649.167 tons/year (2022)
Carbon Intensity:0.07 tCO2e per unit (2021)

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

Short-term Goals:
  • 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

Total Carbon Emissions:157.7190 + 61.6315 = 219.3505 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:157.7190 tCO2e/year
Scope 2 Emissions:61.6315 tCO2e/year
Scope 3 Emissions:57,446.216 tCO2e/year
Renewable Energy Share:0%
Total Energy Consumption:84,307,293 kWh/year
Water Consumption:303.6 ML/year
Waste Generated:2,648,022 tons/year
Carbon Intensity:5.457Gj/(thousand cartons) in 2023

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

Long-term Goals:
  • Net-zero emissions
Medium-term Goals:
  • 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
Short-term Goals:
  • 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)