Shun On Electronic Co., Ltd.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental protection
- Corporate social responsibility
- Human rights
- Employee well-being
- Supply chain sustainability
Environmental Achievements
- Obtained ISO 14001 certification
- Implemented paperless office practices and electronic document exchange
- Implemented energy-saving measures in the office (air conditioning, lighting)
Social Achievements
- Established Employee Welfare Committee
- Implemented various employee welfare measures (group insurance, travel opportunities, subsidies)
- Obtained ISO 45001 certification for occupational health and safety
Governance Achievements
- Established Audit Committee
- Established Remuneration Committee
- Implemented a spokesperson system
- Established a whistleblowing system
- Conducted regular performance evaluations of the board of directors
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Expand the application of films in various industries
- Establish stable long-term marketing channels
- Obtain various international certifications
- Develop related products to fulfill future growth requirements
- Identify strategic partners for market penetration
Short-term Goals:
- Improve product quality and secure orders for high-value-added IA products
- Develop modular and standardized camera designs
Environmental Challenges
- Decrease in revenue due to excess inventory at customers' end
- Rising labor costs in mainland China
- Increase in raw material prices
- Intense competition in the automotive camera module market
Mitigation Strategies
- Actively expanding business in the automotive sector
- Establishing production bases in locations such as Jiaxing and Chongqing
- Improving production line automation
- Strengthening connections with upstream suppliers
- Developing high-resolution and high-pixel cameras
- Pursuing certifications for development process systems (ISO 26262, ASPICE)
Supply Chain Management
Responsible Procurement
- Maintaining good relationships with existing suppliers
- Sourcing key raw materials from multiple suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Changes in domestic and international policies and regulations
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: IFRS
Certifications: ISO 14001, ISO 45001, ISO 9001, IATF 16949 (for invested factories in China), ISO 26262 (functional safety certification)
Third-party Assurance: Deloitte Taiwan