Climate Change Data

Solytech Enterprise Corporation

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

ESG Focus Areas

  • Environmental Protection
  • Employee Well-being
  • Corporate Governance

Environmental Achievements

  • Implemented energy-saving measures in offices and construction sites (e.g., turning off lights, adjusting air conditioning temperatures) to reduce carbon emissions.
  • Outsourcing environmental maintenance to achieve waste classification and resource recycling.
  • Developed a nano photocatalytic air purifier and obtained multiple patents; one product received the "Air Purifier Gold Seal" certification.

Social Achievements

  • Provides employees with various benefits (health insurance, annual leave, year-end bonus, employee stock purchase program, regular health examinations, group insurance, holiday bonuses, birthday allowances, wedding and funeral subsidies, department banquets, discounts at appointed stores).
  • Offers internal and external training courses to enhance employee skills and career development.
  • Maintains a safe working environment with access control, regular fire safety inspections, and safety seminars; no work-related accidents in 2022.

Governance Achievements

  • Established an Audit Committee and a Remuneration Committee.
  • Regularly evaluates the independence of CPAs.
  • Implemented a candidate nomination system for Board of Directors, ensuring diversity in professional background, gender, and experience.
  • Established internal rules against insider trading.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Continuously improving the manufacturing process, enhancing production capability, upgrading production technology and product quality, and reducing costs to enhance the Company's competitiveness.
  • Enhance product design capability and reduce mold development time.
  • Continuously and actively develop important e-commerce platforms and major sales channels to increase market share.
  • Persistently develop new products, devoting to product diversity and expanding the customer base.
Short-term Goals:
  • Actively developing the company's own brand, Apexgaming.
  • Increase market share.

Environmental Challenges

  • Rising raw material costs, labor shortages, increased wage costs.
  • Intense competition in the PC industry, price compression in computer peripherals.
  • Impact of the US-China trade war.
  • Declining tendency on placing orders, capacity utilization far below optimum.
Mitigation Strategies
  • Outsourcing low value-added services (e.g., stamping and assembling) to optimize production costs.
  • Focusing on high-end models and low-cost production to enhance competitive advantage.
  • Expanding into new product lines (e.g., power cords for RVs and yachts, photocatalytic air purifiers) for diversification.
  • Actively developing the company's own brand, Apexgaming.
  • Renovating and leasing out non-operational plants to improve operating performance and ensure sufficient working capital.
  • Implementing rigorous verification procedures to ensure product quality.
  • Establishing stable supply relationships with major raw material suppliers.

Supply Chain Management

Responsible Procurement
  • Assesses the legitimacy and trustworthiness of business partners before conducting transactions.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Taiwan IFRS

Certifications: Taiwan Photocatalyst Association Certification

Third-party Assurance: PwC Taiwan

Sustainable Products & Innovation

  • Nano photocatalytic air purifier

Awards & Recognition

  • Air Purifier Gold Seal

Reporting Period: 2023

Environmental Metrics

ESG Focus Areas

  • Environmental purification
  • Energy efficiency
  • Use of recycled materials

Environmental Achievements

  • Developed a nano photocatalytic air purifier with eight utility model patents and three invention patents.
  • Photocatalyst products received the first Gold Certification Mark of Air Purifiers in 2022 and 2023.

Social Achievements

  • Joined the Taiwan Air Quality Health and Safety Association.
  • Provides various employee benefits including health insurance, annual leave, year-end bonus, employee stock purchase program, regular health examination, group insurance, holiday bonus, birthday allowance, wedding and funeral subsidies, and department banquet.

Governance Achievements

  • Established an audit committee.
  • Established a Remuneration Committee.
  • Regularly evaluates the independence of CPAs.

Climate Goals & Targets

Medium-term Goals:
  • Continuously improving the manufacturing process, enhancing production capability, upgrading production technology and product quality, and reducing costs.
  • Enhancing product design capability and reducing mold development time.
  • Continuously and actively developing important e-commerce platforms and major sales channels.
  • Developing new products and expanding the customer base.
Short-term Goals:
  • Actively developing the Company’s own gaming brand, Apexgaming.
  • Actively developing the Company’s own air purifier brand, HYPURE.
  • Increasing market share.
  • Strengthening product integration and performing bundled sales.

Environmental Challenges

  • Rapid change of computer-related products.
  • Intense market competition.
  • Changes in consumer behavior over digital products.
  • Fierce competition on production capacity.
  • China–United States trade war.
  • The Covid-19 pandemic.
  • Global inflation.
  • Rising raw material costs.
  • Labor shortages.
  • Increased wage costs.
Mitigation Strategies
  • Renovating and leasing out underutilized plants to obtain operating funds.
  • Focusing on improving overall operational performance and enhancing working capital.
  • Integrating group resources to continue research & development in various electronic products and products that align with ESG principles.
  • Expanding business scope to products such as sedans, RVs, and large power cords.
  • Expanding private label business and outsourcing low value-adding services.
  • Establishing partnerships with mainstream e-sports brands and focusing on the development of high-end models and low-cost production.
  • Developing new technology and new products.
  • Careful studies to track consumers’ needs and changes in the general environment.
  • Adopting proper coping strategies and policies to beat the competition.

Supply Chain Management

Responsible Procurement
  • Assessing the legitimacy and trustworthiness of business partners before conducting transactions.

Climate-Related Risks & Opportunities

Physical Risks
  • Increased severity and frequency of extreme weather events.
  • Alterations in rainfall patterns and extreme climate.
Transition Risks
  • Policies and regulations (emerging regulations related to renewable energy and carbon fees).
  • Product (changes in customer behavior).
Opportunities
  • Resource Efficiency (transitioning to more efficient green buildings).
  • Energy Sources (adopting low-carbon energy sources).
  • Products and Services (developing new products or services through research and innovation).

Sustainable Products & Innovation

  • Nano photocatalytic air purifier
  • High-efficiency ATX PC power supplies with air purification function
  • Cooling fan with air purification function
  • Computer chassis with air purification function

Awards & Recognition

  • Taiwan's first-ever photocatalytic air purifier certification