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