Climate Change Data

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Environmental Sustainability
• Sustainable Partnerships
• Employee Care
• Social Participation

Environmental Achievements

• Reduced greenhouse gas emissions by 3.97% from 2015 to 2018.
• Achieved ISO 14001 and QC 080000 certifications.
• Waste recycling rate improved.

Social Achievements

• Launched employee well-being programs including health checkups, health promotion activities, and counseling services.
• Supported employment opportunities for visually impaired individuals.
• Engaged in various community service activities.

Governance Achievements

• Consistently ranked among the top 6-20% of Taiwanese listed companies in corporate governance assessments for five consecutive years.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: 45 audits in 2018 (100% pass rate)

Responsible Procurement

• Green Product Procurement Standards
• Supplier Code of Conduct
• Conflict Minerals Policy

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 14001, QC 080000, IATF16949

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7 (Affordable and clean energy)
• SDG 8 (Decent work and economic growth)
• SDG 10 (Reduced inequalities)
• SDG 12 (Responsible consumption and production)
• SDG 13 (Climate action)
• SDG 17 (Partnerships for the goals)

The report details how Young Optics' initiatives contribute to these SDGs.

Sustainable Products & Innovation

• Mercury-free LED projectors

Awards & Recognition

• Consistently ranked among the top 6-20% of Taiwanese listed companies in corporate governance assessments for five consecutive years.
• Various awards from 2005-2019 (detailed in section 1.5)

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Environmental Sustainability
• Sustainable Partnerships
• Employee Care
• Social Participation

Environmental Achievements

• Reduced greenhouse gas emissions by 3%
• Increased waste recycling rate by 3%
• Achieved 9.95% energy savings from 2015 to 2019

Social Achievements

• Organized a year-end party with Zhu Dong Farmers Association, supporting local farmers' economy
• Organized blood donation drives, collecting 273 blood bags
• Provided various employee welfare programs including health checkups, insurance, and subsidies

Governance Achievements

• Consistently ranked among the top 6-20% of Taiwanese listed companies in corporate governance assessments for six consecutive years

Climate Goals & Targets

Environmental Challenges

• Decreased revenue due to pricing adjustments for certain micro-projection products
• Decreased 3D printer shipments due to ODM customer inventory reduction

Mitigation Strategies

• Actively expanding into automotive, 3D printing, and smart factory markets
• Improving process management and technology to enhance cost advantages and profit margins
• Adjusting product production configurations across four locations (Bangladesh, China, Japan, and Taiwan) to ensure stable supply for customers

Supply Chain Management

Supplier Audits: 71 audits conducted in 2019, 100% compliance rate

Responsible Procurement

• Green Product Procurement Standards
• Supplier Code of Conduct
• Conflict Minerals Policy

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 14001, QC 080000

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7 (Affordable and clean energy)
• SDG 8 (Decent work and economic growth)
• SDG 10 (Reduced inequalities)
• SDG 12 (Responsible consumption and production)
• SDG 13 (Climate action)
• SDG 17 (Partnerships for the goals)

Young Optics' initiatives contribute to these SDGs through various ESG programs

Sustainable Products & Innovation

• Mercury-free LED projection machines

Awards & Recognition

• Consistently ranked among top companies in corporate governance
• 2020 Taiwan Excellence Gold Award for photocuring 3D printer

Environmental Metrics

ESG Focus Areas

• Corporate Governance
• Environmental Sustainability
• Sustainable Partnerships
• Employee Care
• Social Participation

Environmental Achievements

• Achieved 12.28% energy savings from 2015 to 2021 (target: 10% reduction in 10 years)
• Increased water reuse by 13,860 tons/year through process adjustments
• Increased waste recycling rate by 8.17% compared to 2020
• No environmental pollution or safety incidents resulting in losses or penalties from regulatory authorities in 2021.

Social Achievements

• Provided comprehensive employee care including flexible work arrangements, insurance, health checkups, and counseling services.
• Organized blood donation drives, collecting 202 blood bags in 2021.
• Donated 32 iron storage cabinets to junior high schools and non-profit organizations.
• Organized various employee activities such as sports clubs and a Christmas market involving local charities.

Governance Achievements

• Maintained 100% attendance rate for board meetings and committee meetings.
• Provided 66 hours of corporate governance training for all directors in 2021.
• Achieved a corporate governance rating in the top 21-35% of listed companies.

Climate Goals & Targets

Environmental Challenges

• Major chip shortages and material shortages impacting revenue growth.
• Reduction in micro-projector shipments.

Mitigation Strategies

• Adjusted product production allocation across four locations (Bangladesh, China, Japan, and Taiwan) to ensure stable supply for customers.
• Actively exploring new markets and customers in virtual/augmented reality optical components, automotive, and 3D printing.

Supply Chain Management

Supplier Audits: 163 suppliers audited in 2021, 96% compliance rate.

Responsible Procurement

• Green procurement policy; requirement for suppliers to comply with green product specifications and provide relevant documentation (RoHS, REACH, etc.).
• Conflict minerals screening; 100% response rate from suppliers on conflict minerals declaration.

Climate-Related Risks & Opportunities

Physical Risks

• Climate disasters (typhoons, heavy rain)

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 14001, QC 080000

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7 (Affordable and clean energy)
• SDG 8 (Decent work and economic growth)
• SDG 10 (Reduced inequalities)
• SDG 12 (Responsible consumption and production)
• SDG 13 (Climate action)
• SDG 17 (Partnerships for the goals)

The report outlines how Young Optics' initiatives contribute to these SDGs.

Sustainable Products & Innovation

• Green products compliant with RoHS, REACH, and other international regulations.

Awards & Recognition

• Numerous awards listed in the report, spanning various years and categories (e.g., National Invention Creation Award, Taiwan Excellence Award).

Environmental Metrics

ESG Focus Areas

• Climate Change Management
• Green Product Development
• Supply Chain Sustainability
• Diversity and Inclusion
• Corporate Governance

Environmental Achievements

• Reduced indirect greenhouse gas emissions by 4.38% (from 14,688.75 tCO2e in 2021 to 14,044.77 tCO2e in 2022) due to power-saving measures.
• Achieved a cumulative energy saving rate of 13.52% from 2015 to 2022, with an average annual energy saving rate of 1.69%.

Social Achievements

• Organized two blood donation events, collecting 254 blood bags.
• Organized a pomelo charity sale, raising NTD 18,600 for the Hsinchu Family Support Center.
• Implemented a “Youth’s Employment Ultimate Program”, recruiting 17 young people.

Governance Achievements

• Established an audit committee and a remuneration committee.
• Achieved a 96% director attendance rate in 2022.
• Maintained a 43% proportion of independent directors and 29% female directors on the board.

Climate Goals & Targets

Environmental Challenges

• Climate change risks (severe weather, rising energy costs, regulatory changes).
• Market competition.
• Supply chain management (supplier product quality and supply stability).
• Staff shortage leading to violation of the Labor Standards Act (addressed by supplementing staff and strengthening digital systems).

Mitigation Strategies

• Developed a complete emergency response plan for climate-related events.
• Strengthened core technology, reduced costs, and enhanced competitiveness.
• Monitored market information and data to adjust strategies.
• Implemented supplier audits and coaching.
• Supplemented staff and strengthened digital systems to control personnel overtime.

Supply Chain Management

Supplier Audits: 62/year (100% pass rate)

Responsible Procurement

• Green procurement principles (consideration of essentiality, life cycle impacts, environmentally friendly suppliers, environmental information collection).
• Conflict minerals investigation (100% response rate from 80 suppliers).

Climate-Related Risks & Opportunities

Physical Risks

• Severe weather disrupting water and electricity supply, impacting factory safety and supply chain operations.

Transition Risks

• Rising energy costs (electricity bills and carbon taxes).

Opportunities

• Improving energy efficiency, reducing operating costs, enhancing corporate image and competitiveness, and seeking more business opportunities.

Reporting Standards

Frameworks Used: GRI Standards 2021, AA1000 stakeholder engagement standards (2015)

Certifications: ISO 14001, ISO 9001, IATF 16949, QC080000

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 3, Goal 4, Goal 8, Goal 12, Goal 13, Goal 17

Young Optics aligns its initiatives with these SDGs through various programs and policies related to health and well-being, education, economic growth, responsible consumption and production, climate action, and partnerships.

Sustainable Products & Innovation

• Green products adhering to EU RoHS and international standards; free from hazardous substances.

Awards & Recognition

• 28th and 29th Taiwan Excellence Awards
• 20th Outstanding Photonics Product Award

Environmental Metrics

ESG Focus Areas

• Environment
• Social Responsibility
• Governance

Environmental Achievements

• Achieved ISO 14064-1:2018 Greenhouse Gas Verification Statement
• Waste recycling rate reached 45.8%
• Electricity saving increased by 14.85% compared to 2022
• Reduced electricity consumption by 1%

Social Achievements

• Supplier sustainability self-assessment questionnaire response rate reached 98%
• Implementation rate of race, gender, and disability support programs 100%
• Sustainability event participation rate reached 82%
• Total number of participants in sustainability activities exceeded 800

Governance Achievements

• Established a risk management team in 2023
• 100% coverage rate of integrity management training for indirect personnel
• 2023 complaint cases: 4, handling rate: 100%

Climate Goals & Targets

Environmental Challenges

• Supply chain disruptions due to geopolitical risks and macroeconomic trends
• Decreased sales due to inventory adjustments by clients and sluggish consumer demand in China
• Fluctuations in exchange rates
• Changes in environmental regulations
• Product quality issues
• Competition in the market
• Rapid changes in technological trends

Mitigation Strategies

• Establishing a multi-national production base
• Developing a multi-national supply chain
• Using hedging strategies for foreign exchange risk
• Improving product quality control
• Actively expanding new customer base
• Developing new technologies and products
• Strengthening risk management

Supply Chain Management

Supplier Audits: 99 audits in 2023

Responsible Procurement

• Green product specifications
• RBA Code of Conduct
• Conflict minerals assessment

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather
• Water scarcity

Transition Risks

• Carbon pricing
• Renewable energy regulations

Opportunities

• Energy efficiency improvements
• Development of low-carbon products

Reporting Standards

Frameworks Used: GRI, SASB

Certifications: ISO 14001, ISO 14064-1:2018

Third-party Assurance: AFNOR ASIA (limited assurance for some scopes)

UN Sustainable Development Goals

• SDG 3
• SDG 4
• SDG 5
• SDG 8
• SDG 12
• SDG 13

The report details how various initiatives contribute to these goals.

Sustainable Products & Innovation

• Energy-efficient projection lenses and 3D printers

Awards & Recognition

• Taiwan Excellence Award
• Health Workplace Certification