Wistron Corporation
Climate Impact & Sustainability Data (2021, 2022, 2023)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Economic
- Environmental
- Social
Environmental Achievements
- Reduced carbon social cost by 19% in production operations due to energy efficiency projects and increased renewable energy use.
- Reduced water consumption social cost by 21% in production operations due to divestiture of a subsidiary and improved water management.
- Reduced wastewater discharge social cost by 23% in production operations due to divestiture of a subsidiary and improved water management.
- Reduced waste disposal social cost by 27% in production operations due to divestiture of a subsidiary and improved waste management.
Social Achievements
- Employee training program created an estimated NT$1.15 billion in future earnings for employees.
- Health promotion programs avoided approximately NT$11.71 million in medical costs related to cardiovascular diseases.
Governance Achievements
- Not disclosed
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Supply chain disruptions due to climate events and increased demand.
- Environmental impacts from supply chain (air pollution, greenhouse gas emissions).
- Occupational injuries, particularly traffic accidents.
Mitigation Strategies
- Developed alternative sourcing strategies.
- Implemented energy efficiency projects and increased renewable energy use.
- Improved water and waste management practices.
- Implemented safety training and provided transportation services to reduce commuting accidents.
- Implemented ISO 45001 occupational safety and health management system.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Natural Capital Protocol, Social & Human Capital Protocol, Input-Output Analysis, Environmentally Extended Input-Output Analysis
Certifications: ISO 45001
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental Protection
- Social Inclusion
- Corporate Governance
- Innovation Value
Environmental Achievements
- Reduced greenhouse gas emissions (Scope 1+2) by 22% compared to the previous year.
- 63.0% renewable energy in electricity consumption.
- Total energy savings of 14.43 million kWh from six major energy conservation projects.
- Reduced carbon emissions by 47,698 tCO2e through plastic recycling.
- 21,577 tons of PCR environmentally friendly materials shipped.
Social Achievements
- NT$248 million total amount of social investment.
- NT$135 million total employee training expenses (94% coverage).
- 17,547 people participated in the global employee engagement survey.
- Wistron's Kunshan OPT site and Malaysia site awarded "Best Companies to Work for in Asia 2022".
Governance Achievements
- Highest rating in the corporate governance evaluation (Top 5%).
- 100% employee Code of Conduct Statement signing rate.
- Executive Compensation Linked To ESG: Yes (partially linked).
Climate Goals & Targets
- Achieve carbon neutrality (Scope 1+2) by 2030.
- Achieve 100% renewable energy by 2030.
- Achieve 80% renewable energy by 2025.
- Reduce absolute greenhouse gas emissions by 37.8% by 2025 (compared to 2016 baseline).
- Reduce water consumption intensity by 13% compared to 2016.
- Reduce greenhouse gas emissions by 4.2% annually compared to the 2023 baseline.
Environmental Challenges
- Supply chain disruptions due to climate events (droughts, floods, typhoons).
- Increased operating costs due to renewable energy transition and carbon regulations.
- Potential revenue loss due to extreme weather events impacting production.
Mitigation Strategies
- Developed alternative sourcing strategies and flexible delivery capabilities for suppliers.
- Investing in renewable energy sources (solar power, purchasing renewable energy certificates).
- Implementing water efficiency measures and drought contingency plans.
- Strengthening flood prevention facilities and emergency response plans.
Supply Chain Management
Supplier Audits: 880 supplier sustainability audits completed.
Responsible Procurement
- Responsible Business Alliance (RBA) code of conduct.
- ISO 50001 energy management system for suppliers.
- ISO 14064-1 greenhouse gas emission verification for suppliers.
- SBTi Scope 3 carbon reduction target compliance for suppliers.
Climate-Related Risks & Opportunities
Physical Risks
- High temperatures
- Droughts
- Floods
- Typhoons
Transition Risks
- Regulatory developments in renewable energy demand.
- Increase in demand for low-carbon products and services.
- Mandatory reporting of carbon emissions.
- Carbon pricing mechanisms.
Opportunities
- Increased demand for low-carbon products and services.
- Opportunities for energy-saving and carbon-reducing solutions.
- Increased use of low-carbon renewable energy.
Reporting Standards
Frameworks Used: GRI Standards, TCFD, SDGs, SASB
Certifications: ISO 14001, ISO 50001, ISO 45001, ISO 27001, RBA
Third-party Assurance: Bureau Veritas Certification (Taiwan) Co., Ltd.
UN Sustainable Development Goals
- SDG 7
- SDG 9
- SDG 10
- SDG 13
- SDG 15
- SDG 17
Wistron's initiatives contribute to these goals through various measures, including improving clean energy use, energy efficiency, workplace inclusion and diversity, climate action, biodiversity conservation, and partnerships.
Sustainable Products & Innovation
- Green products with recycled materials.
- Energy-efficient products.
Awards & Recognition
- Harvard Business Review - 2022 Digital Transformation Ding Ge Award
- CDP Taiwan Top 100 Sustainable Model Enterprises Award
- 2022 TCSA Taiwan Corporate Sustainability Awards Leadership Level (A List)
- 2022 CDP Supplier Engagement Leader
- CommonWealth Magazine: Excellence in Corporate Social Responsibility
- 2023 S&P Global Sustainability Yearbook - Top 5%
- Clarivate 2023 Top 100 Global Innovators™
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Sustainability
- Innovation
- Environmental Protection
- Social Inclusion
- Corporate Governance
Environmental Achievements
- Reduced water consumption intensity by 41% compared to 2016
- Reduced waste intensity by 6.4% compared to 2018
- Achieved 66.47% renewable energy in electricity consumption
- Reduced total GHG emissions by 14.84% compared to 2022
- Reduced carbon emissions by over 10,000 metric tons through supplier collaboration
- 100% of product packaging designed with recycled materials
- 84.5% of hardware revenue from products using PCR plastics
Social Achievements
- Launched Diversity, Equity, and Inclusion (DEI) Policy
- Reduced IDL turnover rate by 30.5% compared to 2022
- Improved IDL engagement survey by 14.5% compared to 2022
- Implemented comprehensive employee health check program
- Assisted direct labor with clear guidance in career development paths
- Established a digital platform for managing human resource supply
Governance Achievements
- Highest rating in corporate governance evaluation
- 100% employee Code of Conduct Statement signing rate
- ESG Committee meets at least twice a year
Climate Goals & Targets
- Achieve net-zero carbon emissions by 2050
- Reduce absolute scope 1 and 2 GHG emissions by 90% by 2050 (2022 baseline)
- Reduce absolute scope 3 GHG emissions by 90% by 2050 (2022 baseline)
- Achieve carbon neutrality (Scope 1 and 2) by 2030
- Reduce water consumption intensity by 18% by 2024
- Reduce waste intensity by 8% by 2024
- Reduce absolute scope 1 and 2 GHG emissions by 90% by 2030 (2022 baseline)
- Reduce absolute scope 3 GHG emissions by 25% by 2030 (2022 baseline)
- Increase renewable energy usage to 72.5% by 2024
Environmental Challenges
- Supply chain disruptions due to climate events
- Meeting customer demands for green manufacturing
- Mandatory carbon reporting
- Drought impacting manufacturing
- Typhoons impacting production
- Floods impacting production
- Uncertainty from climate-related physical risks
- Rise in average temperature
Mitigation Strategies
- Developed alternative sourcing strategies
- Increased use of renewable energy
- Improved energy efficiency
- Developed low-carbon products
- Implemented internal carbon pricing mechanisms
- Strengthened rainwater recycling system and water monitoring system
- Improved flood prevention facilities
- Energy-saving projects across six categories
Supply Chain Management
Supplier Audits: 593 audits completed in 2023
Responsible Procurement
- Supplier Code of Conduct
- Supplier sustainability requirements
- ISO 14064-1 GHG inventory and ISO 50001 energy management system introduced to 52 suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather
- Drought
- Floods
- High temperatures
Transition Risks
- Demand for renewable energy
- Climate risk regulations
- Demand for low-carbon products
- Mandatory carbon reporting
Opportunities
- New business opportunities in the low-carbon economy
- Energy conservation and carbon reduction
- Increased revenue from green products
- Reduced energy costs
Reporting Standards
Frameworks Used: GRI Standards (2021), TCFD, SDGs, SASB, Sustainable Development Best Practice Principles for TWSE/TPEx Listed Companies
Certifications: ISO 9001, ISO 14001, ISO 14064, ISO 50001, ISO 45001, ISO 27001, IECQ QC080000
Third-party Assurance: Bureau Veritas Certification (Taiwan) Co., Ltd.
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- GreenLeaf projects
- Energy Star products
- Products with EPEAT, TCO, Taiwan Green Mark, and China Environmental Labelling
Awards & Recognition
- CDP Climate Change Leadership Level (A List)
- CDP Water Security Leadership Level (A-)
- CommonWealth Magazine Excellence in Corporate Social Responsibility Award (6th place)
- CommonWealth Talent Sustainability Award
- Business Weekly Carbon Competitiveness Top 100
- Taiwan Corporate Sustainability Awards (six awards)
- HR Asia Best Companies to Work for in Asia (Malaysia)
- HR Asia Digital Transformation Awards (Malaysia)
- Clarivate Top 100 Global Innovators