United Renewable Energy Co., Ltd.

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:76,126.94 metric tons CO2e/year

Scope 1 Emissions:2,077.3673 tCO2e/year

Scope 2 Emissions:62,240.3972 tCO2e/year

Scope 3 Emissions:11,809.1759 tCO2e/year

Renewable Energy Share:0.01%

Total Energy Consumption:452.36 MWh/year

Water Consumption:963,656 m3/year

Waste Generated:3,766.4 tons/year

Carbon Intensity:45.3 metric tons CO2e/MW

ESG Focus Areas

Economic Performance
Labor Communication
Equal Opportunity and Non-discrimination
Remuneration and Benefits
Occupational Safety and Health
Information Security
Greenhouse Gas Management
Talent Development
Waste Management
Public Charity Activities

Environmental Achievements

Reduced carbon emission intensity by 11.8% compared to 2021
Achieved more than 92% reuse and recycling rate of hazardous waste
Generated 2,073 million kWh clean electricity, mitigating 1,055,184 tons of carbon emissions

Social Achievements

Maintained 8 consecutive years of fixed educational funding program
Conducted 9 consecutive years of employee education and training
Collected 21,500 c.c. of blood donations through charity blood donation
Supported the 33rd 30 Hour Famine

Governance Achievements

Established an Audit Committee and a Remuneration Committee
Appointed a Corporate Governance Supervisor
Board members' attendance rate at meetings was 96.97%

Climate Goals & Targets

Long-term Goals:

Net zero emissions

Medium-term Goals:

Become a world-class clean energy company with market influence
Increase module capacity to 1.5GW
Downstream solar system business to reach 1GW within 5 years
Develop next-generation solar cells such as HJT

Short-term Goals:

Reduce carbon intensity by at least 10% in 2023 compared to 2022
Achieve a recycling rate of more than 90% for hazardous business waste
Maintain transparency and good corporate governance

Environmental Challenges

Impact of China’s zero Covid policy on supply chain
Sharp increase in price of raw material
Information security threats
Talent gap
Waste reduction
Climate change related risks (policy and regulatory risk, market risk, reputational risk, long-term climate risk)

Mitigation Strategies

Effective supply chain management and diversified procurement
Implemented Information Security management mechanism
Flexible and corresponding internal and external training to develop multi-functional key talents
Promote domestic waste reduction and sorting management
Continuous improvement of OH&S system and policy targets
Conducting annual inventories of greenhouse gas emissions
Adopting more efficient transportation methods
Using more efficient production and distribution processes
Recycling and reuse
Reduction of water usage and consumption

Supply Chain Management

Supplier Audits: 100% in Taiwan

Responsible Procurement

CSR Commitment
Green supply chain model
Supplier diversification

Climate-Related Risks & Opportunities

Physical Risks

Severity of extreme weather events
Changes in rainfall patterns
Changes in climate patterns
Increase in average temperature
Rising sea levels

Transition Risks

Increase in greenhouse gas emissions pricing
Strengthen emission reporting obligations
Requirements and supervision of existing products and services
Changes in consumer preferences
Increasing stakeholder concerns and negative feedback
Changes in customer behavior
Uncertain market information
Increase in raw material costs

Opportunities

Adopting more efficient transportation methods
Use more efficient production and distribution processes
Recycle and reuse
Switch to a more efficient building
Reduce water usage and consumption
Use of low carbon energy
Adopt rewarding policies
Use of new technologies
Participate in the carbon trading market
Switching to non-centralized energy

Reporting Standards

Frameworks Used: GRI Standards: 2021, SASB, TCFD

Certifications: ISO 14001, ISO 45001

Third-party Assurance: Great International Certification Co., Ltd.

UN Sustainable Development Goals

SDG 7
SDG 8
SDG 9
SDG 10
SDG 12
SDG 13
SDG 16

Detailed explanation provided in chapter 3.3

Sustainable Products & Innovation

Next-generation easy-dismantled modules
Full-transparent modules
High-efficiency PEACH VLM series modules
M10 P-type PERC cells

Awards & Recognition

Taiwan Excellent PV Award (10 consecutive years)
Taiwan High Performance Solar Photo-voltaic Module Technical Specification Certification (VPC)
Bloomberg New Energy Finance Tier 1 list
Badge of Accredited Healthy Workplace
Miaoli County Government Civil Defense Group Excellent Performance Unit

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:52,175.7407 tCO2e/year

Scope 1 Emissions:1,182.4803 tCO2e/year

Scope 2 Emissions:41,774.5072 tCO2e/year

Scope 3 Emissions:9,218.7532 tCO2e/year

Renewable Energy Share:0.00%

Total Energy Consumption:318,470.4 GJ/year

Water Consumption:465.7 thousand cubic meters/year

Waste Generated:2,138.4 tons/year

Carbon Intensity:5.1 metric tons CO2e/MW