Vitalink Technology Co., Ltd.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:201,694 tCO2e
Scope 1 Emissions:489.60 tCO2e
Scope 2 Emissions:201,204.41 tCO2e
Scope 3 Emissions:17,073.10 tCO2e
Renewable Energy Share:18.64%
Total Energy Consumption:2,173.09 MWh
Water Consumption:332.69 ten thousand m³
Waste Generated:2,820.16 tons
ESG Focus Areas
- Climate change
- Business ethics
- Corporate governance
- Innovation and R&D
- Occupational health and safety
- Employee rights
- Supply chain management
- Product quality
Environmental Achievements
- Combined Scope 1 and Scope 2 emissions decreased by 9.26% compared to 2021
- Renewable energy accounted for 18.64% of total energy usage in 2023
- Waste recycling rate achieved 56.78%
- Total electricity savings in 2023: 1,052 MWh
- Recycled water usage reached 62.58%
- Core factories received 2023 National "Green Factory" Award
Social Achievements
- Employee satisfaction survey coverage reached 100%
- 100% of employees and suppliers completed business ethics training
- New suppliers completed 100% ESG risk assessment
Governance Achievements
- Established a top-down ESG management framework
- 100% of signed supplier contracts included clauses on social responsibility, environmental protection, and business ethics
- Female representation on the Board of Directors: 10%
Climate Goals & Targets
Long-term Goals:
- Promote a green supply chain and circular economy to achieve net-zero emission across the entire value chain by 2050
- Achieve 100% renewable energy use by 2050
Medium-term Goals:
- Reduce Scope 1 and Scope 2 greenhouse gas emissions from operations by 42% by 2030, compared to 2021 levels
- Promote clean energy technologies to achieve 50% renewable energy utilization by 2030
- Building a low-carbon supply chain by completing Scope 3 carbon accounting for 100% of Tier 1 suppliers by 2030
- Reduce energy intensity per unit of product by 20% by 2030
Short-term Goals:
- Reduce water intensity per unit of output by 30% by 2030
- Achieve 75% waste recycling rate by 2025
- Complete product carbon footprint assessment by 2025
- 100% of procurement staff will have received training on social and environmental issues within the supply chain by 2025
Environmental Challenges
- Supply chain disruptions due to climate events (implied)
- Managing greenhouse gas emissions across the entire value chain
- Ensuring supplier compliance with ESG standards
Mitigation Strategies
- Developed alternative sourcing strategies (implied)
- Implemented a comprehensive climate strategy with science-based targets
- Established a comprehensive supplier ESG management system, including risk assessments and training
Supply Chain Management
Supplier Audits: 100% of new suppliers completed ESG risk assessment
Responsible Procurement
- Supplier Code of Conduct
- ESG initiative documents
- ESG assessment metrics
- Conflict Minerals Policy
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather (implied)
Transition Risks
- Regulatory changes (implied)
- Market shifts (implied)
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: GRI Standards, UN Sustainable Development Goals (SDGs), Task Force on Climate-Related Financial Disclosures (TCFD), Science Based Targets initiative (SBTi), Shanghai Stock Exchange's Guidelines for Sustainable Development Reporting
Certifications: ISO 14001, ISO 45001, ISO 27001
Awards & Recognition
- 2023 ESG Innovation Enterprise
- 2023 Green Manufacturing Enterprise of the Year
- 2023 China Enterprise Carbon Neutrality Performance Rankings
- 2023 Innovation Breakthrough Award
- National Manufacturing Single Champion (Eighth Batch)
- 2023 National "Green Factory" Award