United Renewable Energy Corporation
Climate Impact & Sustainability Data (2018, 2019, 2020, 2021)
Reporting Period: 2018
Environmental Metrics
ESG Focus Areas
- Company Governance
- Employee and Social Participation
- Partnerships
- Green Energy and Environmental Protection
- Ethical Integrity
- Economic Performance
- Legal Compliance
- Wastewater and Waste
- Labor-Management Communication
- Compensation and Benefits
- Occupational Safety and Health
Environmental Achievements
- Reduced carbon emissions by 839,576 tons through solar energy production.
- Achieved 697,303 kWh of energy savings in manufacturing processes.
- 98% recycling rate for plastic pallets.
- 95% recycling rate for ribbon spools.
- 80% recycling rate for cell packaging boxes.
Social Achievements
- Launched "Learning Family" program providing financial aid to underprivileged children.
- Organized employee blood donation drives.
- Consistently received health workplace certifications.
- Organized charity events and supported local communities.
- Provided 5,013 hours of employee training.
Governance Achievements
- Successfully completed a three-way merger, receiving the "Most Representative M&A Award."
- Maintained a top 50% ranking in Taiwan's corporate governance assessment.
- Received numerous awards for product quality and innovation.
Climate Goals & Targets
- Not disclosed
- Not disclosed
- Not disclosed
Environmental Challenges
- Fluctuations in solar energy prices.
- Supply chain disruptions.
- International trade wars.
- Climate change related risks (water scarcity).
- Labor law revisions.
Mitigation Strategies
- Diversification of supply chains.
- Risk management strategies (hedging, diversification).
- Development of alternative sourcing strategies.
- Water conservation initiatives.
- Adaptation to labor law changes (e.g., adjusting vacation policies).
Supply Chain Management
Supplier Audits: 16 (2018)
Responsible Procurement
- Supplier Code of Conduct
- Emphasis on ethical sourcing and environmental responsibility.
Climate-Related Risks & Opportunities
Physical Risks
- Water scarcity
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products and services.
Reporting Standards
Frameworks Used: GRI Standards: 2016
Certifications: Null
Third-party Assurance: GREAT International Certification Co., Ltd. (Type 1 Moderate Assurance)
UN Sustainable Development Goals
- Goal 2 (Zero Hunger)
- Goal 6 (Clean Water and Sanitation)
- Goal 7 (Affordable and Clean Energy)
- Goal 8 (Decent Work and Economic Growth)
- Goal 9 (Industry, Innovation and Infrastructure)
- Goal 10 (Reduced Inequalities)
- Goal 12 (Responsible Consumption and Production)
- Goal 16 (Peace, Justice and Strong Institutions)
The report details how URE's initiatives contribute to these SDGs through various programs and policies.
Sustainable Products & Innovation
- High-efficiency solar cells and modules.
- Bifacial solar modules.
- Energy storage systems.
Awards & Recognition
- Taiwan Corporate Sustainability Award (Gold)
- Taiwan Excellent PV Award (Gold)
- Taiwan Excellence Award
- Bloomberg New Energy Finance Tier 1 Module Manufacturer List
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Company Governance
- Employee and Social Participation
- Partnerships
- Green Energy, Energy Saving and Environmental Protection
Environmental Achievements
- Reduced carbon emissions by 765,262 tons through solar energy generation.
- Achieved 98% packaging recycling rate.
- Achieved 95% recycling rate for plastic pallets and ribbon spools.
- Reduced the number of waste disposal vendors by 8.
Social Achievements
- Launched the "Lixue Family" project to provide financial assistance to underprivileged children.
- Organized monthly charity events with the "Happy Children" bakery group.
- Donated books to underprivileged children in Hsinchu.
- Donated 3kW solar power generation equipment to Tamorak Co-learning Center.
Governance Achievements
- Established an ethics code and compliance program.
- Implemented a whistleblower hotline.
- Achieved 100% supplier audit completion rate.
Climate Goals & Targets
- Become a world-class clean energy company.
- Contribute to Taiwan's goal of 20GW cumulative solar power installation by 2025.
- Establish sales points for hydrogen fuel cell motorcycles in northern, central, and southern Taiwan, and expand into overseas markets.
- Develop next-generation solar cells (HJT, HJBC).
- Develop customized energy storage solutions for large electricity consumers.
- Establish demonstration operation areas for hydrogen fuel cell motorcycles.
- Increase module production capacity to 3GW within 2-3 years.
- Achieve 1.5GW annual solar power system development within 5 years.
- Develop high-performance energy storage and grid-level rapid response products.
- Mass production and certification of hydrogen fuel cell motorcycles.
Environmental Challenges
- Supply chain disruptions due to global trade wars.
- Fluctuations in the solar energy market.
- Competition in the solar energy industry.
- Water scarcity risks.
- Climate change impacts.
- Employee turnover.
Mitigation Strategies
- Diversification of markets and customers.
- Development of new products and technologies (energy storage, hydrogen fuel cells).
- Strengthening partnerships with suppliers.
- Implementation of water conservation measures.
- Implementation of carbon footprint reduction strategies.
- Creation of a friendly work environment and improved communication channels.
Supply Chain Management
Supplier Audits: 100% completion rate in 2019
Responsible Procurement
- Supplier Code of Conduct
- Emphasis on environmental protection, labor rights, and ethical sourcing.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products and services.
Reporting Standards
Frameworks Used: GRI Standards: 2016
Certifications: ISO 14001, OHSAS 18001 (later ISO 45001), UL9540
Third-party Assurance: 格瑞國際驗證有限公司 (GREAT International Certification Co., Ltd.)
UN Sustainable Development Goals
- SDG 7 (Affordable and clean energy)
- SDG 8 (Decent work and economic growth)
- SDG 9 (Industry, innovation, and infrastructure)
- SDG 12 (Responsible consumption and production)
- SDG 13 (Climate action)
The report details how URE's initiatives contribute to these SDGs through its solar energy products, energy efficiency measures, waste reduction efforts, and social programs.
Sustainable Products & Innovation
- High-efficiency solar cells and modules
- Energy storage systems
- Hydrogen fuel cell motorcycles
Awards & Recognition
- Taiwan Excellent PV Award
- Bloomberg New Energy Finance Tier 1 list
- Golden Energy Award (7 consecutive years)
Reporting Period: 2020
Environmental Metrics
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Reduced carbon emissions by 9,627 metric tons through energy savings from 2015 to 2020.
- Recycled over 99% of hazardous business waste and 85% of general business waste.
- Recovered 1.37 million degrees of water in the past three years.
Social Achievements
- Established various employee welfare measures, including group insurance and annual health examinations.
- Provided employees with career development and training sessions.
- Maintained harmonious labor relations with no major disputes.
Governance Achievements
- Established an Audit Committee and a Remuneration Committee.
- Appointed a full-time corporate governance supervisor.
- Implemented an internal control system.
Climate Goals & Targets
- Achieve 1GW of solar power station assets within five years.
- Increase battery conversion efficiency to 24.5% within two years.
- Develop high-efficiency half-cut modules for the Taiwan market.
- Increase the conversion efficiency of "Black 22" and "BiFi" monocrystalline cells to 22.8%.
Environmental Challenges
- COVID-19 pandemic negatively impacted overseas business, resulting in a 31% decrease in consolidated revenue.
- Oversupply in the solar energy industry due to expansion by mainland China manufacturers.
- Rising raw material prices and longer lead times in 2021.
Mitigation Strategies
- Maintained a conservative and prudent financial operation.
- Adjusted production of orders and OEMs, utilizing overseas OEM production capacity.
- Kept raw materials and products in low inventory to avoid competition in production capacity.
Supply Chain Management
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 14001, ISO 45001
Third-party Assurance: AA1000
Sustainable Products & Innovation
- Monocrystalline germanium solar cell
- Solar power module and wafer
- Energy Storage Systems (ESS)
Awards & Recognition
- Taiwan Excellent PV award (eight consecutive years)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Company Governance
- Employee and Social Participation
- Partnerships
- Green Energy, Energy Saving, and Environmental Protection
Environmental Achievements
- Reduced carbon emissions by 5% in 2021, with a total reduction of 3,135 tons; emission intensity decreased by 12%
- Reduced water usage through various water recycling systems, accumulating water savings of approximately 537,562 tons from 2013 to 2021.
- Achieved over 85% waste recycling rate for three consecutive years.
Social Achievements
- Launched various employee well-being programs, including health checks, health promotion activities, and flexible work arrangements.
- Implemented equal pay for equal work regardless of gender or race.
- Engaged in various community investment activities, such as supporting underprivileged children and elderly care.
Governance Achievements
- Established a robust corporate governance structure with an audit committee and a remuneration committee composed entirely of independent directors.
- Maintained a strong compliance record with no major violations in 2021.
- Implemented a comprehensive ethics and integrity program, including training and reporting mechanisms.
Climate Goals & Targets
- Become a world-class benchmark enterprise in the solar energy industry.
- Develop customized energy storage solutions and fast-response energy storage applications.
- Combine solar power systems and energy storage systems to provide a one-stop clean energy solution.
- Increase module production capacity to 1.5GW within 2-3 years.
- Achieve 1GW of self-owned downstream solar power systems within 5 years.
- Develop and launch new sustainable products, including high-efficiency N-type modules and recyclable modules.
Environmental Challenges
- Supply chain disruptions due to the COVID-19 pandemic and rising international energy prices.
- Water scarcity due to extreme weather events.
- Maintaining a safe work environment during the pandemic.
Mitigation Strategies
- Developed alternative sourcing strategies and diversified supply chains.
- Implemented various water conservation measures, including water recycling systems and rainwater harvesting.
- Implemented strict COVID-19 prevention measures, including on-site testing and remote work options.
Supply Chain Management
Supplier Audits: 16 suppliers audited in 2021
Responsible Procurement
- Supplier Code of Conduct
- Emphasis on environmental protection, labor rights, and ethical sourcing.
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes, market shifts
Opportunities
- Development of energy-efficient products and services
Reporting Standards
Frameworks Used: GRI Standards: 2016
Certifications: ISO 14001, ISO 45001
Third-party Assurance: GREAT International Certification Co., Ltd.
UN Sustainable Development Goals
- Goal 7 (Affordable and clean energy)
- Goal 8 (Decent work and economic growth)
- Goal 9 (Industry, innovation, and infrastructure)
- Goal 10 (Reduced inequalities)
- Goal 12 (Responsible consumption and production)
- Goal 13 (Climate action)
The report details how URE's initiatives contribute to these SDGs through clean energy production, employee well-being, community investment, and environmental protection.
Sustainable Products & Innovation
- High-efficiency solar cells and modules
- Energy storage systems
Awards & Recognition
- Taiwan Excellent PV Award
- Bloomberg New Energy Finance Tier 1 list
- Ministry of Economic Affairs Energy Bureau Golden Energy Award (9 consecutive years)