Climate Change Data

Asia Plastic Recycling Holding Limited

Climate Impact & Sustainability Data (2013, 2021, 2023)

Reporting Period: 2013

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:100,000 tons/2 years
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Sustainability
  • Resource Recycling

Environmental Achievements

  • Recycled around 100k tonnes of waste plastic in the past 2 years, making it the largest waste EVA/LDPE recycling center in China.
  • Elevated the recycled material portion in our raw material mix to maintain cost leadership

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Establish our Company as an environmentally friendly enterprise, while focusing on developing a sustainable and scalable plastic recycling core business.
Medium-term Goals:
  • Target annual revenue of more than NT$ 10bn within 5 years.
Short-term Goals:
  • Achieve 10% YoY core business revenue growth in 2014.

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Most of Fujian’s major shoe manufacturers are both clients of and suppliers to APR. They buy EVA foam from APR, and also sell their EVA foam scrap back to APR.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Independent third party

UN Sustainable Development Goals

  • Goal 9 (Industry, Innovation and Infrastructure)
  • Goal 12 (Responsible Consumption and Production)

Recycling initiatives contribute to sustainable industrial practices and responsible resource management.

Sustainable Products & Innovation

  • Environmentally friendly flame resistant building and flooring materials
  • Environmentally friendly, flame resistant and anti-static electronics console and packaging material

Awards & Recognition

  • Not disclosed

Reporting Period: 2021

Environmental Metrics

ESG Focus Areas

  • Environmental Protection
  • Resource Recycling
  • Sustainable Development

Environmental Achievements

  • Replaced coal-fired boiler with natural gas boiler in 2019, effectively reducing SO2 emission.
  • Developed a new flame-retardant foaming material (PSD) and a purely bio-based and completely degradable forming material. A patent has been granted for the flame-retardant material, with another patent pending for the biodegradable material.
  • Obtained ISO14001 (environmental management system) and ISO9001 (quality management system) certifications.

Social Achievements

  • Provides employee benefits including medical insurance, basic endowment insurance, unemployment insurance, occupational injury insurance, maternity insurance, and housing provident fund.
  • Provides complete living and entertainment facilities, a kindergarten, and school bus service.
  • Maintains harmonious labor-management relations with no major labor disputes.

Governance Achievements

  • Established an Audit Committee in 2016.
  • Established the “Ethical Corporate Management Best Practice Principles”.
  • Implemented an internal control system and various management measures.

Climate Goals & Targets

Long-term Goals:
  • Actively tap the export market and expand the business layout.
  • Improve the financial structure and group structure.
Medium-term Goals:
  • Gradually promote e-commerce development and expand the scale of operation.
  • Develop new flame-retardant, heat-insulated, UV-resistant, or antistatic foam products.
  • Improve the waste recycling line.
Short-term Goals:
  • Introduce new mechanical equipment and expand production lines.
  • Improve production lines to shorten foaming duration and improve efficiency.
  • Increase sales in key areas and expand sales channels.

Environmental Challenges

  • Shortage of recycled materials due to China's 2018 policy prohibiting the import of waste plastics.
  • Rising labor costs.
  • Fierce price competition in the Chinese market.
Mitigation Strategies
  • Actively seeking domestic sources of waste plastics and developing overseas strategic partnerships.
  • Continuously improving manufacturing procedures and moving towards automated production.
  • Developing a unique recycling process of waste plastics to reduce costs and improve efficiency.
  • Cooperating with traders throughout China to reduce marketing costs.

Supply Chain Management

Supplier Audits: Annual

Responsible Procurement
  • Maintaining long-term relationships with suppliers.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: International Financial Reporting Standards (IFRS)

Certifications: ISO 14001, ISO 9001, ISO 45001

Third-party Assurance: Candor Taiwan CPAs

Sustainable Products & Innovation

  • Environmentally-friendly flame-retardant foams
  • Anti-bacterial, sound-absorbent and flame-retardant foams
  • Heat-resistant and low-shrinkage foams
  • Highly elastic foams used in building materials
  • Antistatic electronic packaging materials
  • Shock-absorbent foams widely used in sports and fitness equipment.

Awards & Recognition

  • China EVA Recycling Industrial Research Base
  • Grade AAA Company of China’s Plastic Industry

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Environmental Protection
  • Occupational Safety
  • Sustainable Development
  • Ethical Corporate Management

Environmental Achievements

  • Replaced coal-burning boilers with natural gas boilers in 2019, effectively reducing SO2 emissions.
  • Implemented waste water recycling system with zero sewage discharge.
  • Obtained ISO 14001 environmental management system certification.

Social Achievements

  • All plants and subsidiaries obtained ISO 45001 occupational health and safety management system certification.
  • No employee occupational accidents in 2023.
  • Provides employee welfare programs including insurance benefits, other benefits and trade union support.

Governance Achievements

  • Established an Audit Committee and a Remuneration Committee.
  • Implemented electronic voting.
  • Prepared and submitted a 2022 Sustainability Report.

Climate Goals & Targets

Long-term Goals:
  • Develop and improve the waste recycling line and enhance core competitiveness.
  • Improve the financial structure and group structure.
Medium-term Goals:
  • Gradually promote e-commerce development and expand the scale of operation.
  • Develop new flame-retardant, heat-insulated, UV-resistant, or antistatic foam products.
Short-term Goals:
  • Introduce new mechanical equipment and expand production lines.
  • Improve production lines and management to shorten foaming duration and improve efficiency.

Environmental Challenges

  • Shortage of recycled materials due to China's policy prohibiting the import of waste plastics.
  • Rising labor costs.
  • Fierce price competition in the Chinese market.
Mitigation Strategies
  • Actively seeking domestic sources of waste plastics and developing overseas strategic partners.
  • Continuously improving manufacturing procedures and moving towards automatic production.
  • Developing a unique recycling process of waste plastics to reduce costs and improve efficiency.
  • Cooperating with traders to explore demand for commodities all over China.

Supply Chain Management

Supplier Audits: Annual

Responsible Procurement
  • Assessment of suppliers' environmental and social impact records

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001, ISO 9001, ISO 45001

Third-party Assurance: Candor Taiwan CPAs

Sustainable Products & Innovation

  • Environmentally-friendly flame-retardant foams
  • Anti-bacterial, sound-absorbent and flame-retardant foams
  • Heat-resistant and low-shrinkage foams
  • Highly elastic foams used in building materials
  • Antistatic electronic packaging materials
  • Shock-absorbent foams widely used in sports and fitness equipment