Ubiqconn Technology, Inc.
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental Sustainability
- Labor Human Rights
- Social Care
- Corporate Governance
Environmental Achievements
- Achieved an average annual power saving rate of 0.1% or more through energy-saving programs.
- Reduced GHG emissions (Scope 1 and 2) from 536.5 tons CO2e in 2021 to 531.9 tons CO2e in 2022.
- Recycled 14 toner clips and 143 waste lamps in 2022.
Social Achievements
- Average employee tenure of 5.2 years, with over 25% having more than 5 years of service.
- Provided employee benefits exceeding legal requirements (group insurance, meal subsidies, annual health checkups, etc.).
- Conducted 533 hours of employee training across various categories (professional, liberal, management, self-development).
Governance Achievements
- Established a dedicated sustainable development unit.
- Implemented a Board of Directors’ Performance Evaluation Method.
- Proposed establishing a board-level Sustainable Development Committee in November 2023.
Climate Goals & Targets
- Achieve net-zero GHG emissions by 2050.
- Achieve an average annual power saving rate of 0.1% or more.
- Complete calculation of energy consumption outside the organization by 2025.
- Set up energy-saving performance evaluation for products from 2026 onwards.
Environmental Challenges
- Market risk (exchange rates, interest rate fluctuations, inflation).
- Credit risk (customer creditworthiness).
- Risks associated with domestic and foreign policy/legal changes and technological/industrial changes.
Mitigation Strategies
- Utilizing forward exchange contracts to hedge foreign currency exchange rate risks.
- Implementing credit verification procedures before transactions with customers.
- Establishing an information system to monitor accounts receivable recovery status and setting up an allowance for bad debts.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- 87% local procurement.
Climate-Related Risks & Opportunities
Physical Risks
- Droughts and floods
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI, AA1000
Certifications: ISO 14001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- SDG 6
- SDG 7
- SDG 8
- SDG 12
- SDG 13
Initiatives aligned with SDGs related to clean energy, decent work, responsible consumption and production, climate action, and clean water and sanitation.
Sustainable Products & Innovation
- EPEAT labeled products with energy-saving designs.
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Corporate Governance
- Environment
- Society
Environmental Achievements
- Replaced approximately 285 traditional lamps with LED lighting fixtures, resulting in electricity savings of 22,872.96 kWh, equivalent to a reduction of 11.322 tons of CO2e.
- Purchased green electricity, accounting for 5.6% of total electricity consumption.
Social Achievements
- Established an employee interaction platform, "Urfamily", to facilitate communication on employee activities, important announcements, occupational safety promotions, and more.
- Offered occasional small perks and introduced digital welfare vouchers to enhance employees' sense of belonging and security.
- Organized occupational safety seminars and provided medical consultations for comprehensive care.
Governance Achievements
- Established a board-level Sustainable Development Committee (SDC) comprising three independent directors.
- Received T-Certification (ID: TC3231-9904) for anti-corruption due diligence.
- Achieved ISO 27001 certification for information security.
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Increase green electricity procurement to 20% by 2028.
Environmental Challenges
- Increased electricity consumption due to workforce expansion.
- Difficulty in accurately calculating energy and water usage due to shared resources.
- Difficulty in accounting for water withdrawal and discharge in the US due to lack of a physical office.
Mitigation Strategies
- Reduced electricity intensity and average electricity consumption per person by 8.8% and 17.1%, respectively.
- Implemented energy-saving measures such as LED lighting upgrades.
- Planned to increase green electricity procurement to 20% by 2028.
- Focused on water conservation and ensured no water was drawn from water-stressed regions.
Supply Chain Management
Supplier Audits: Environmental questionnaires and conflict minerals due diligence surveys conducted for key suppliers in 2023.
Responsible Procurement
- Integrity, Ethics, and Corporate Social Responsibility Commitment Letter signed by suppliers.
- Supplier Code of Conduct planned for 2024.
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Policies and Regulations
- Markets
- Market Information Uncertainty
- Rising Raw Material Costs
- Reputation
- Stakeholder Concerns and Increasing Negative Feedback
Opportunities
- Resource Efficiency
- Energy Source
- Participation in Carbon Trading Market
- Participation in Renewable Energy Projects and Adoption of Energy-Saving Measures
- Products and Services
- Increased Costs for Low-Carbon Transition Technologies
- Markets
- Utilizing Public Sector Incentive Programs
Reporting Standards
Frameworks Used: GRI Standards: 2021, TCFD, AA1000 Stakeholder Engagement Standards (SES), Taiwan Stock Exchange Regulations
Certifications: ISO 14064-1, ISO 27001, ISO 45001, Energy Star 8.0 (RuggON LUNA3)
Third-party Assurance: AFNOR Asia Ltd.
UN Sustainable Development Goals
- SDG 4
- SDG 7
- SDG 8
- SDG 10
- SDG 12
- SDG 13
- SDG 16
- SDG 17
Various initiatives contribute to these goals through corporate governance, environmental protection, social welfare, and employee well-being.
Sustainable Products & Innovation
- RuggON LUNA3 (Energy Star certified)
Awards & Recognition
- Not disclosed