Climate Change Data

CoAsia Electronics Corp.

Climate Impact & Sustainability Data (2021, 2022)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:52.04 metric tons/year (2021)
Total Energy Consumption:98,654 kWh/year (2021)
Water Consumption:45,468 (Annual total water fee)/year (2021)
Waste Generated:1,597 kg/year (2021)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Obtained ISO 14001 environmental management system certification in 2021.
  • Implemented energy-saving measures such as LED lighting and sunshade curtains.

Social Achievements

  • Provided various employee welfare programs, including health check-ups, travel, and festival gifts.
  • Established an employee welfare committee.
  • Implemented training programs for employee development.

Governance Achievements

  • Established a Remuneration Committee.
  • Appointed a Chief Governance Officer.
  • Implemented a diversity policy for the Board of Directors.

Climate Goals & Targets

Environmental Challenges

  • Supply chain disruptions due to the COVID-19 pandemic.
  • Market uncertainties due to the pandemic's impact on the global economy.
  • Imbalance between supply and demand in the semiconductor market.
Mitigation Strategies
  • Strengthened quality management of accounts receivable and inventory.
  • Developed alternative sourcing strategies.
  • Implemented credit management mechanisms.
  • Maintained close contact with suppliers to keep abreast of new product information and industry trends.
  • Adjusted the agent production line portfolio towards balanced development.

Supply Chain Management

Responsible Procurement
  • Supplier sustainability requirements
  • Compliance with RoHS regulations

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products

Sustainable Products & Innovation

  • AIR MENTOR air quality detector
  • AIR MENTOR smart alcohol tester

Awards & Recognition

  • Computex d&i awards 2015
  • Computex d&i awards 2016

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:50.77 metric tons/year (2022)
Total Energy Consumption:96,146 kWh/year (2022)
Water Consumption:47,501 (Annual total water fee)/year (2022)
Waste Generated:1,575 kg/year (2022)

ESG Focus Areas

  • Environmental protection
  • Occupational safety
  • Employee well-being
  • Ethical Management
  • Corporate Governance

Environmental Achievements

  • Officially introduced the ISO 14001 environmental management certification system in July 2021 and obtained the certification in October 2021.
  • Implemented energy-saving measures such as LED lighting, sunshade curtains, and light-sensing switches.
  • Promoted waste paper recycling and reduced paper printing.

Social Achievements

  • Established an employee welfare committee providing various benefits (marriage, childbirth, funeral, emergency relief, community activities).
  • Provided internal and external education and training programs for employees.
  • Implemented policies to prevent conflicts of interest and established a whistleblower system.

Governance Achievements

  • Established a Corporate Governance Best Practice Principles, Ethical Management Best Practice Principles, and Sustainable Development Best Practice Principles.
  • Established a Nomination Committee, Audit Committee, and Remuneration Committee.
  • Implemented annual performance evaluations for directors and managers.

Climate Goals & Targets

Long-term Goals:
  • Deepen sales bases in Taiwan, Southeast Asia, and India; develop advanced system solutions; increase the proportion of products with high gross profit; establish a complete design service supply chain; utilize local and R&D talents to develop the ability of global on-site support.
Medium-term Goals:
  • Expand service base to be close to customers, strengthen customers' trust, maintain orders of original main customers, and develop new application fields and new customers of products.
Short-term Goals:
  • Clear inventory and reduce funding pressure in the first half of 2023 to create space for revenue recovery and growth in the second half.

Environmental Challenges

  • Decrease in operating revenue due to the Russia-Ukraine war and China's COVID-19 clearance policy.
  • High inventory levels in the second half of 2022.
  • Increased cost of capital due to rising interest rates and a conservative economic environment.
Mitigation Strategies
  • Set upper limits on working capital consumed by accounts receivable and inventory.
  • Strengthened control of operating expenses.
  • Adopted insurance measures and strengthened credit control to address accounts receivable risks.
  • Cleared inventory and reduced funding pressure in the first half of 2023 to create space for revenue recovery and growth in the second half.

Supply Chain Management

Responsible Procurement
  • Requires suppliers to comply with ROHS regulations and obtain test reports from qualified testing units.
  • Formulated a Supplier Management Policy requiring suppliers to follow relevant norms on environmental protection, occupational safety and health, and labor human rights.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events impacting product packaging, cargo transportation, insurance, internal environment, and employee safety.
Opportunities
  • Development of energy-efficient products and participation in green energy projects.

Reporting Standards

Frameworks Used: IFRS

Certifications: ISO 14001

Third-party Assurance: Pricewaterhouse Coopers (PwC) Taiwan

Sustainable Products & Innovation

  • Air Mentor indoor air quality detector
  • Air Mentor intelligent portable wine detector

Awards & Recognition

  • Computex 2015 D&I iF design award
  • Computex 2016 D&I iF design award