INFO-TEK CORPORATION
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:1724 tCO2e/year (2022)
Water Consumption:20,584 metric tons/year (2022)
Waste Generated:150.02 metric tons/year (2022)
ESG Focus Areas
- Environmental Protection
- Occupational Health and Safety
- Employee Welfare
- Corporate Social Responsibility
Environmental Achievements
- Reduced carbon emissions from 1815 metric tons in 2021 to 1724 metric tons in 2022.
- Achieved a waste recycling rate of over 99%.
- 100% recycling rate for recyclable resources.
Social Achievements
- Established INFO-TEK(SuZhou) New Energy Intelligent Industry Academy in 2022.
- Implemented various employee welfare programs, including health check-ups, bonuses, and stock options.
- Over 352 instances of internal employee training totaling over 498.5 hours in 2022.
- Nearly 40 instances of external training totaling nearly 275.5 hours in 2022.
Governance Achievements
- Established an Audit Committee on July 5th, 2021.
- Established various corporate governance regulations, including a Code of Ethics and Business Integrity guidelines.
- Conducted annual internal board performance evaluation with an overall average score of 99 points in 2022.
- Obtained directors' and officers' liability insurance for 2022 and 2023.
Climate Goals & Targets
Long-term Goals:
- Achieve carbon neutrality.
Medium-term Goals:
- Expand into the automotive electronics market.
- Adjust and optimize the customer base, focusing on top-tier automotive manufacturers.
Short-term Goals:
- Reduce water consumption and waste.
- Improve production efficiency and shorten turnover days.
- Strengthen existing customer base and expand orders.
Environmental Challenges
- Imbalance in the supply and demand of electronic components and critical parts.
- High inflation and high-interest rates.
- Geopolitics, protectionism, and the Russo-Ukrainian War impacting the EMS industry.
Mitigation Strategies
- Strengthened strategic cooperation mechanism for material supply chains.
- Improved production efficiency and shortened turnover days through automation.
- Strengthened inventory and accounts receivable management.
- Enhanced fundraising and capital allocation capabilities.
- Diversified product manufacturing to reduce the impact of individual products.
Supply Chain Management
Responsible Procurement
- Require suppliers to comply with relevant regulations on environmental protection, occupational health and safety, and labor rights.
Climate-Related Risks & Opportunities
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:2001.27 tCO2e/year
Scope 1 Emissions:20.5766 tCO2e/year
Scope 2 Emissions:2,508.3432 tCO2e/year
Scope 3 Emissions:47.4206 tCO2e/year
Water Consumption:35,524 metric tons/year
Waste Generated:34.38 metric tons/year
ESG Focus Areas
- Environmental Protection
- Employee Well-being
- Corporate Social Responsibility (CSR)
Environmental Achievements
- Obtained ISO 14064-1:2018 Greenhouse Gas Inventory Certification
- Reduced carbon emissions by approximately 36% from 2022 to 2023 (2858.18 metric tons to 2001.27 metric tons)
- Achieved 100% recycling rate for recyclable resources
- Implemented lead-free and halogen-free processes
Social Achievements
- Established INFO-TEK(SuZhou) New Energy Intelligent Industry Academy
- Implemented various employee welfare programs (health check-ups, bonuses, stock options, etc.)
- Obtained ISO 45001 Occupational Health and Safety Management System certification
Governance Achievements
- Established an Audit Committee
- Established various corporate governance regulations (Code of Conduct, Code of Ethics, etc.)
- Conducted annual internal board performance evaluations
- Provided regular corporate governance training for directors and executives
Climate Goals & Targets
Long-term Goals:
- Carbon neutrality
Medium-term Goals:
- Achieve 100% renewable energy usage
Short-term Goals:
- Reduce carbon emissions by an additional 1% by 2024
- Complete factory water pipe improvement project by mid-2024
Environmental Challenges
- Intense price competition in the Chinese new energy vehicle market
- Slowdown in orders for industrial control products due to deceleration in China's infrastructure and real estate sectors
- Geopolitical risks (US-China tech rivalry, Russia-Ukraine conflict, etc.)
- Exchange rate fluctuations
- Increasing labor costs
Mitigation Strategies
- Continuously implementing cost reduction and efficiency improvement measures
- Strengthening internal controls
- Diversifying production products and expanding order range
- Developing smart production lines and researching green products
- Establishing multiple supplier sources
- Developing process and warehouse automation
- Strengthening the multi-skilled training of manufacturing department personnel
Supply Chain Management
Responsible Procurement
- Requiring suppliers to have ISO 9000, ISO 14001, ISO 45001, and IECQ QC 080000 certifications
- Requiring suppliers to comply with environmental labeling and adopt environmentally friendly packaging
Climate-Related Risks & Opportunities
Physical Risks
- Natural disasters
- Extreme weather affecting supply chain
- Water shortages
- Power shortages
- High temperatures
- Wind disasters
Transition Risks
- Changes in customer behavior
- Increased raw material costs due to low-carbon policies
- Uncertain energy policies
Opportunities
- Development of energy-efficient products
- Improve energy and resource efficiency and reduce costs through technological innovation and production process optimization
Reporting Standards
Frameworks Used: GRI, ISO 14064-1:2018
Certifications: ISO-9001, ISO-14001, ISO/ TS16949, IATF16949, ISO13485, AS9100, IECQ QC080000, ISO 27001, ISO 45001:2018
Third-party Assurance: Deloitte Touche Tohmatsu Limited