SUNONWEALTH Electric Machine Industry Co., Ltd.
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
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:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Not disclosed
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Not disclosed
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Not disclosed
Mitigation Strategies
- Not disclosed
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: GRI, SASB
Certifications: Null
Third-party Assurance: DNV Business Assurance Co., Ltd.
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:253,032.506 tCO2e/year
Scope 1 Emissions:2,337.827 tCO2e/year
Scope 2 Emissions:20,473.797 tCO2e/year
Scope 3 Emissions:228,971.163 tCO2e/year
Renewable Energy Share:9.84%
Total Energy Consumption:143,788.526 GJ/year
Water Consumption:299.535 million liters/year
Waste Generated:133.668 tons/year
Carbon Intensity:1.766 tCO2e/million NT$ (Category 1 and 2), 17.826 tCO2e/million NT$ (Category 3 and 4)
ESG Focus Areas
- Governance
- Products
- Supply Chain
- Environment
- Society
Environmental Achievements
- Reduced 2.6 million tons of carbon dioxide equivalent through product R&D energy saving performance.
- Group-wide use of green electricity reaches 3.93 million kWh, and purchase of green electricity certificates reaches 6 million kWh.
- Solar power generation at Kunshan Guangxing Factory reaches 680,000 kWh.
Social Achievements
- Selected as a “2023 Happy Enterprise” by 1111 Job Bank.
- Employees participate in an average of 48 hours of education and training per year.
- The “Inspirational Care Activity” has cumulatively cared for 9,867 households from 2018 to 2023.
Governance Achievements
- Net profit after tax of NT$1.333 billion, an increase of 22.5% compared to 2022.
- Female directors account for 1/3 of the board seats.
- 0 corruption incidents.
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050.
- 85% recycling rate of raw material supply packaging by 2050.
- Increase the proportion of renewable energy use by 7.2% every year.
Medium-term Goals:
- Net zero emissions by 2050.
- 80% recycling rate of raw material supply packaging by 2030.
- Increase the proportion of renewable energy use by 7.2% every year.
Short-term Goals:
- Reduce category 1 and category 2 carbon emissions by 50% by 2030 compared to the 2022 base year.
- 70% recycling rate of raw material supply packaging by 2025.
- Increase the proportion of renewable energy use by 7.2% every year.
Environmental Challenges
- Energy price fluctuations, supply chain disruptions
- Energy transition (such as green energy investment)
- Greenhouse gas emissions control, greenhouse gas reduction targets
- Increased severity of extreme weather events such as typhoons and floods
- Rising average temperatures
Mitigation Strategies
- Strategies to reduce carbon footprint and reduce other environmental impacts will be gradually introduced in each factory, such as energy efficiency improvement, establishment of green energy autonomy with solar panels, introduction of energy storage equipment, and increase of green electricity use to reduce energy loss.
- Investing in carbon offset projects, purchasing carbon emission allowances, etc., to compensate for unavoidable carbon emissions and achieve the net zero emission target.
- Establish a climate risk management system, incorporate it into the enterprise risk management framework, and include insurance costs in financial planning to reduce the loss caused by natural disasters to the Company’s operations.
- Continue to develop high-efficiency and low-energy-consumption fan products/heat dissipation modules and low-power-consumption ceiling fans that meet green building standards.
- Long-term planning and cooperation with the supply chain to establish low-carbon/low-energy-consumption/recyclable and reusable product and service solutions, moving towards sustainable management and mutual benefit with customers.
Supply Chain Management
Supplier Audits: 100% pass rate for annual supplier audit
Responsible Procurement
- Code of Conduct of the Responsible Business Alliance (RBA)
- UN Guiding Principles on Business and Human Rights
- International Labor Organization Declaration of Fundamental Principles and Rights at Work
- Universal Declaration of Human Rights
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity of extreme weather events such as typhoons and floods
- Rising average temperatures
Transition Risks
- Energy price fluctuations, supply chain disruptions
- Energy transition (such as green energy investment)
- Greenhouse gas emissions control, greenhouse gas reduction targets
- Increase in the price of greenhouse gas emissions (cap and trade/carbon tax/energy tax)
Opportunities
- Demand for low-carbon products and services, policy incentives
- Supply chain low-carbon transition
Reporting Standards
Frameworks Used: GRI Standards, SASB Electrical & Electronic Equipment Industry Standard, TCFD Recommendations
Certifications: ISO 14001, ISO 45001, IECQ QC 080000, ISO 27001
Third-party Assurance: DNV
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 13 (Climate action)
- Goal 4 (Quality education)
- Goal 3 (Good health and well-being)
- Goal 1 (No poverty)
- Goal 8 (Decent work and economic growth)
Initiatives contributing to these goals are described in the report.
Sustainable Products & Innovation
- High-efficiency and low-energy-consumption fan products
- Heat dissipation modules
- Low-power-consumption ceiling fans
Awards & Recognition
- 2018 Taiwan Excellence Award
- 2019 Taiwan Excellence Award
- 2020 Taiwan Excellence Award
- 2021 Taiwan Excellence Award
- 2022 Golden Pin Design Award
- 2023 National Brand Yushan Award