Climate Change Data

Voltronic Power Technology Corp.

Climate Impact & Sustainability Data (2020, 2021)

Reporting Period: 2020

Environmental Metrics

Total Carbon Emissions:296,968 kg CO2e (Taiwan only)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:606,743 kWh (Taiwan only)
Water Consumption:154,150 m3 (Taiwan only)
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Corporate Governance
  • Environmental Protection
  • Social Responsibility

Environmental Achievements

  • Main factories passed ISO 14001:2015, ISO 9001:2015, and ISO 45001:2018 certifications.
  • Products have a reuse or recycle ratio of over 80%, meeting EU WEEE Directives.
  • Reduced carbon emissions by implementing energy-saving measures (specific figures not provided but mentioned as achieving targets).

Social Achievements

  • Established Employee Welfare Committee.
  • Held quarterly labor-management conferences.
  • Provided various employee welfare measures (travel expenses, year-end banquets, bonuses, etc.).
  • Implemented employee safety and health training programs.
  • Complied with labor laws and international labor standards.

Governance Achievements

  • Ranked among top 5% in Corporate Governance Evaluation (2016-2019) and top 6%-20% in 2020.
  • Established Audit Committee, Remuneration Committee, Nominating Committee, and Corporate Governance and Sustainability Committee.
  • Created the position of Chief Governance Officer.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Fluctuating demands and revenue due to the global pandemic.
  • Weakening US dollar and strengthening RMB impacting gross margins.
  • Increase in raw material prices.
  • Exchange rate fluctuations.
Mitigation Strategies
  • Proactive price negotiations with customers.
  • Increased US dollar holdings and RMB deposits to balance foreign currency exposure.
  • Developing alternative sourcing strategies (implied).

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Rigorous quality tests
  • Supplier CSR Management Agreement
  • Emphasis on legal compliance, labor rights, environmental protection, and CSR

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products (InfiniSolar)

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001:2015, ISO 9001:2015, ISO 45001:2018

Third-party Assurance: Deloitte & Touche

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • InfiniSolar (hybrid inverter)

Awards & Recognition

  • Not disclosed

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:788,186 MtCO2e/year
Scope 1 Emissions:175 MtCO2e/year
Scope 2 Emissions:19,129 MtCO2e/year
Scope 3 Emissions:768,882 MtCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:31.52 MtCO2e per million USD of sales in 2021

ESG Focus Areas

  • Climate Change

Environmental Achievements

  • Set up solar panels and Energy Storage System in the self-built factory in Zhongshan, China to improve the self-made rate of electricity.
  • Reduced carbon intensity (CO2 emissions per million USD of sales) from 33.84 in 2020 to 31.52 in 2021.

Social Achievements

  • Not disclosed

Governance Achievements

  • Fully integrated and applied the TCFD framework in the governance of climate-related risks and opportunities since 2021.
  • Established a Climate Change Management Committee, ESG Executive Committee, and Risk Management Committee to oversee climate-related actions.

Climate Goals & Targets

Long-term Goals:
  • Net Zero Emissions in our own operation by 2035.
  • Net Zero Emissions in the value chain by 2050.
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • Transition risks: Emerging regulations related to GHG emissions reporting, net-zero targets, and value chain emissions.
  • Physical risks: Extreme weather events (flooding, typhoons, heat waves) impacting operations and supply chains.
Mitigation Strategies
  • Developed a low-carbon transition plan aligned with the Paris Agreement goals.
  • Implemented a company-wide risk management program to identify, assess, and manage climate-related risks.
  • Set up solar panels and energy storage systems to reduce reliance on grid electricity.
  • Improved resource efficiency in production and distribution processes.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events (flooding, typhoons, heat waves)
Transition Risks
  • Emerging regulations
  • Increased pricing of GHG emissions
  • Enhanced emissions-reporting obligations
  • Mandates on and regulation of existing products and services
Opportunities
  • Resource Efficiency
  • Energy Source
  • Products and Services
  • Markets
  • Resilience

Reporting Standards

Frameworks Used: TCFD

Certifications: Null

Third-party Assurance: Independent Certified Public Accountants

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 13 (Climate Action)

Not disclosed

Sustainable Products & Innovation

  • Energy Storage System
  • EV Charger

Awards & Recognition

  • Not disclosed