Climate Change Data

Wah Hong Industrial Corporation

Climate Impact & Sustainability Data (2012, 2023)

Reporting Period: 2012

Environmental Metrics

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Passed ISO14001 verification; implemented water and sewage separation, resource recycling reward programs, energy saving measures (water reduction plan, resource recycling evaluation, turning off lights, paperless operations through ERP system and office equipment)
  • Incorporated energy-saving concepts in factory building (clean room, sewage treatment equipment, etc.)

Social Achievements

  • Established employee welfare committee; provided various welfare subsidies and encouraged employees to form clubs and provided activity subsidies; implemented employee health management methods; established an infirmary and a nursing room in the factory area; provided annual health checkups for all employees; held health lectures irregularly; regularly conducted environmental tests on the factory area; continuously improved the working environment

Governance Achievements

  • Established a remuneration committee; revised the “Board of Directors’ Rules of Procedure” to comply with corporate governance principles; enhanced information transparency by announcing important resolutions after each board meeting; established a whistleblower system

Climate Goals & Targets

Medium-term Goals:
  • Increase revenue and contribute to profitability; expand existing product operations and actively create new product business opportunities
Short-term Goals:
  • Accelerate new product mass production preparation; increase revenue and contribute to profitability in the short term

Environmental Challenges

  • Global economic slowdown; Eurozone export and consumer demand hurt by the European debt crisis and austerity measures; weak global demand; appreciation of the Taiwan dollar; competition from South Korean and Chinese manufacturers; rising wages in China eroding profit margins
Mitigation Strategies
  • Continued to expand Japanese and Chinese LCM assembly plants and TV brand customers; provided diversified material products to meet customer needs; strengthened supply chain relationships; increased production capacity and added production bases; developed alternative sourcing strategies; focused on cost reduction and improved production technology

Supply Chain Management

Responsible Procurement
  • Quality assurance and delivery time management

Climate-Related Risks & Opportunities

Sustainable Products & Innovation

  • Eco-friendly polymers; halogen-free flame-retardant engineering plastics; heat-conductive and energy-saving plastic materials

Reporting Period: 2023

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

  • Weak demand from global end markets due to intensified geopolitical conflicts, high inflation, and interest rate hikes.
  • Lengthened inventory adjustment time of the industrial chain.
  • Impacts and challenges of climate change in various regions.
Mitigation Strategies
  • Development of high value-added products.
  • Collaboration with customers to facilitate transformation.
  • Diversification of product innovations and applications.
  • Obtaining international management system standard certifications (ISO 9000, 14001, 50001, and 27001).
  • Carrying out ISO 14064-1 Greenhouse Gas Inventory and ISO 14067 Carbon Footprint Certification.
  • Setup of air pollution prevention equipment and wastewater treatment system.
  • Ensuring products comply with relevant laws and regulations and international standards (EU RoHS, halogen-free and flame-resistant standards, UL or SGS certification).

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Impacts and challenges of climate change in various regions