LUNGTEH SHIPBUILDING CO., LTD.
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Sustainable Development
Environmental Achievements
- Not disclosed
Social Achievements
- Not disclosed
Governance Achievements
- Amendment to the Company’s “Sustainable Development Best Practice Principles” in accordance with TWSE's letter No. 1110024366 dated December 23, 2022.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Global environmental issues leading to stringent environmental regulations and increased demand for green vessels.
- Labor shortage.
- Significant fluctuation in raw material prices.
Mitigation Strategies
- Digital transformation and establishment of a 3D design integration platform.
- Enhanced production management to improve efficiency.
- Active recruitment and talent training.
- Development of purely electric propulsion systems or hybrid power propulsion systems for various types of vessels.
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: Null
Certifications: Null
Third-party Assurance: Not disclosed
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:4,552.59 tCO2e/year (Scope 1 and 2)
Scope 1 Emissions:2,649.31 tCO2e/year
Scope 2 Emissions:1903.28 tCO2e/year
Water Consumption:28,847 tons/year
Waste Generated:960.66 tons/year
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Implemented ISO 14001 environmental management system certification
- Actively implemented energy saving and carbon reduction policies to reduce waste generation, water and electricity consumption
Social Achievements
- Established various employee welfare measures, further education, training and retirement systems
- Maintained good interactive and cooperative relationships with investors, suppliers, and stakeholders
Governance Achievements
- Established an Audit Committee and a Remuneration Committee
- Established the “Corporate Governance Best-Practice Principles”, “Administrative Measures for Preventing Insider Transactions”, and “Code of Ethics”
Climate Goals & Targets
Long-term Goals:
- Secure orders for medium-sized vessels as primary business expansion goal
- Expand into the unmanned vessel market
Medium-term Goals:
- Secure orders for medium-sized vessels
- Gain a foothold in the electric propulsion vessel market
Short-term Goals:
- Maintain existing business in small and medium/high-speed boat markets
- Actively develop new customers in regions with potential demand
Environmental Challenges
- Talent recruitment difficulties and increasing labor costs
- High transportation costs
- Rising protectionism in various countries
- Government procurement price bidding
Mitigation Strategies
- Established comprehensive employee benefits and supports academic-industry collaboration programs
- Leased land within the SUAO Port area and constructing a new factory with its own dock
- Actively participates in bidding for projects in various countries
- Diversify business operations globally, expand business scope, and develop new vessel markets
Supply Chain Management
Responsible Procurement
- Strict evaluation and audit system for upstream suppliers
- Maintain long-term stable relationships with major raw material suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Severe climate events leading to production disruptions, factory damage, or supply chain disruptions
Transition Risks
- Investment in new technologies to meet sustainability and environmental requirements
- Changing market demands
Opportunities
- Development and production of more environmentally friendly ships
Reporting Standards
Frameworks Used: IFRS
Certifications: ISO 14001, ISO 45001, ISO 27001, CNS 27001
Third-party Assurance: Deloitte Taiwan
Sustainable Products & Innovation
- Green vessels equipped with electric propulsion systems