Climate Change Data

Motech Industries Inc.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:22,813 MT of CO2e
Scope 1 Emissions:1,489 MT of CO2e
Scope 2 Emissions:21,324 MT of CO2e
Waste Generated:1,204.61 MT
Carbon Intensity:63.490 metric tons of CO2e/MW

ESG Focus Areas

  • Environmental protection
  • Social responsibility
  • Corporate governance

Environmental Achievements

  • Saved 388,435 kWh of electricity and cut down energy consumption by 1,398.366 GJ in 2023
  • Saved 3,650 metric tons of water in 2023
  • Waste reused rate reached 95.17% in 2023
  • Reduced GHG emissions by 303.758 metric tons of CO2e in 2023 (116% of target)

Social Achievements

  • Established an Employee Welfare Committee
  • Organized employee insurance coverages and provided free health check-ups, subsidies, and activities
  • Maintained good labor-management relations through various welfare systems and education and training
  • In 2023, female employees accounted for 44% and women in a managerial position accounted for 26%

Governance Achievements

  • Established an Audit Committee and a Compensation Committee
  • Appointed a Chief Governance Officer
  • Amended the “Corporate Governance Best-Practice Principles” and “Methods for Performance Evaluation of the Board of Directors” for compliance
  • Completed the performance evaluation before March 31, 2024

Climate Goals & Targets

Long-term Goals:
  • Net-zero emissions by 2050
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reduce carbon emission by 59 metric tons of CO2e in 2024
  • Reduce water consumption by 1,095 metric tons in 2024
  • Reduce electricity consumption by 119,934 kWh in 2024

Environmental Challenges

  • Unbalances within the solar supply chain and short-term fluctuations in raw material prices affecting gross margins
  • Slowdown in installations at the end market and increased competitions from Southeast Asian module imports in 2023, leading to a decline in sales and inventory turnover
  • Uncertainties in the market, including the digestion of accumulated inventory, the need to expand the capacity of power grids, the increase in global production capacity and the promotion of energy localization by various countries
Mitigation Strategies
  • Streamlining the production scale of solar cells for module production, producing niche and high-efficiency products and enhancing the generating efficiency of modules
  • Optimizing customer revenue mix and diversifying market risks
  • Strengthening management fundamentals for competition-cooperation of various industries
  • Choosing strategic partners prudently and managing diligently to create long-term win-win situations
  • Expanding the added value of module production and system downstream and increasing market share in PV system sector with excellent brand image
  • Taking parts in fishery and electricity symbiosis projects to increase the added value of traditional solar system and explore new business opportunities

Supply Chain Management

Responsible Procurement
  • Procedures Governing the Supplier Assessment
  • Supplier Management Practice

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
  • Extreme rainfall
Transition Risks
  • Tightening of environmental laws and controls
  • Increasing cost in carbon emissions management
  • Increasing cost in energy resources
  • Increasing cost in purchasing renewable energy
  • Changes in tax and subsidy policies
Opportunities
  • Increasing market demand
  • Technology innovation
  • Support from government policies

Reporting Standards

Frameworks Used: TCFD

Certifications: ISO-14001:2015, ISO-45001

Sustainable Products & Innovation

  • High-efficiency TOPCon N-type PV modules