Yulon Finance Corporation
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:218.3 tCO2e/year (Scope 2)
Scope 2 Emissions:218.3 tCO2e/year
Total Energy Consumption:428,850 kWh/year
ESG Focus Areas
- Governance
- Social
- Environmental
Environmental Achievements
- Reduced carbon emissions by 10 tons of CO2e (rounded off) through energy conservation measures in Yulon Building.
- Achieved 5,560 tCO2e carbon reduction through Car Plus car-sharing service.
- YES-Energy Services Co., LTD. became the largest electric vehicle charging service provider in Taiwan.
Social Achievements
- Launched the 3-year South Link Highway Smart Transportation Charity Service Project, generating a social return on investment (SROI) of NTD 15.79 for every NTD 1 invested.
- Implemented a 20% average monthly salary increase for employees starting in 2022.
- Donated a cumulative total of NTD 6.4 million to various charities in 2021.
Governance Achievements
- Ranked in the top 5% of the Eighth Corporate Governance Evaluation Ranking.
- Established the Sustainability Management Committee and Risk Management Committee in 2020.
- Completed self-evaluation and external evaluation of the Board of Directors in 2021.
Climate Goals & Targets
Long-term Goals:
- Net-zero emissions
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Supply chain disruptions due to the COVID-19 pandemic and geopolitical conflicts.
- Rising average temperature and extreme weather events.
- Uncertainty of investment in low-carbon technologies.
Mitigation Strategies
- Implemented multiple risk response strategies to lower operational risks.
- Developed alternative sourcing strategies.
- Strengthened asset quality management and adjusted product structure.
- Invested in low-carbon and renewable energy industries.
- Developed green financing products.
Supply Chain Management
Supplier Audits: 11 suppliers signed the Code of Conduct for Suppliers in 2021.
Responsible Procurement
- Code of Conduct for Suppliers
- Supplier Self-Evaluation Form
- 100% local procurement
Climate-Related Risks & Opportunities
Physical Risks
- Increase in extreme climate incidents
- Rising average temperature
- Rising sea horizon
Transition Risks
- Change of customer behavior and market
- Low-carbon technology/uncertainty of investment in new technology
- Information uncertainty
Opportunities
- Green financing products
- Projecting the market through low-carbon products
- Diverse new products/new services for boosting corporate resilience
- Re-digitalization of product service procedures
Reporting Standards
Frameworks Used: GRI Standards, SASB, TCFD
Certifications: ISO 14001, ISO 9002
Third-party Assurance: British Standards Institution (BSI) Taiwan Branch
UN Sustainable Development Goals
- SDG 1
- SDG 2
- SDG 3
- SDG 4
- SDG 5
- SDG 6
- SDG 7
- SDG 8
- SDG 9
- SDG 10
- SDG 11
- SDG 12
- SDG 13
- SDG 14
- SDG 15
- SDG 16
- SDG 17
YFC's initiatives contribute to these goals through various social, environmental, and governance programs.
Sustainable Products & Innovation
- Green financing products
- Electric vehicle leasing program
Awards & Recognition
- Sustainability Resilience Award from BSI
- 16th Golden Torch Award for Outstanding and Potential Enterprise of the Year and Innovation Design of the Year