RiTdisplay Corporation

Climate Impact & Sustainability Data (2022, 2023)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:7,107.835 KgCO2e/year

Water Consumption:32,890 tons/year

Waste Generated:213 tons/year

ESG Focus Areas

Environmental Protection
Labor Relations
Anti-Corruption
Compliance
Human Rights
Sustainable Development

Environmental Achievements

Reduced CO2 emissions by 0.8% from 7,167.335 KgCO2e in 2021 to 7,107.835 KgCO2e in 2022. Reduced waste volume by 1% each year. Recycled used water.
ISO 14001:2015 certification (2021/12/13~2024/12/13)

Social Achievements

Implemented various employee care benefits including marriage, funeral, and emergency assistance; holiday gift vouchers; employee cafeteria and parking; resident professional doctor; family days and year-end banquets; special benefits for elderly family members; birthday and childbirth cash gifts; hospital visitations; employee trips; shopping discounts.
Employee training and development achievement rate of 79% in 2022.
Maintained a positive labor-management relationship with no labor disputes in the past five years.
Female employees account for an average of 45.9% of the workforce, while female managers account for an average of 37%.

Governance Achievements

Established an audit committee and remuneration committee.
Implemented “Standard Operation Procedures for Handling Directors’ Request”.
Formulated “Regulations Governing Related Parties Transactions” and “Subsidiary Management Regulations”.
Established “Procedures for Prevention of Insider Trading” and “Procedures for Handling Material Inside Information”.
Formulated “Corporate Governance Best-Practice Principles” and “Procedures for Ethical Management and Guidelines”.

Climate Goals & Targets

Long-term Goals:

Explore electrolysis technology and establish technological barriers.
Develop Micro LED & Mini LED product applications.

Medium-term Goals:

Form strategic alliances with international major corporations.
Long-term focus on recruiting and training R&D talents.
Continuously strengthen professional capabilities in financial risk control management.
Introduce high-end and automated production equipment.
Establish a comprehensive quality management system.
Integrate the battery energy business within the group.
Continuously research and develop core technologies.
Continuously expand global branding and distribution channels.
Expand the Chinese market.

Short-term Goals:

Gradually shift business focus to smart homes, industrial tablets, and power tools.
Expand low-speed electric vehicle battery modules.
Promote different specifications of PMOLED to existing customers.
Accelerate the development of market-oriented products and enhance customization capabilities.
Develop high-efficiency, long-life, and high-brightness products.
Develop higher-resolution and higher pixel density color products.
Monitor the development of the pandemic and meet customer's emergency demands.
Deepen relationships with existing customers and expand the ozone product line.
Accelerate the development of new large customers.
Enter the ozone generator market.
Expand the development of ozone modules.

Environmental Challenges

Intense competition in the display industry.
Shrinking demand for consumer electronics products that heavily used PMOLED.
Semiconductor shortages in 2022.
Excess inventory after the lifting of COVID-19 quarantine measures.
Price competition for lithium battery module products.
Global PMOLED peers expanding production capacity.
Rapid changes in market demand and short product life cycles.
Risk of patent infringement.
Relatively high PMOLED product prices.

Mitigation Strategies

Reducing production costs, expanding development of new application types and customer bases, optimizing operational expenses through Lean management.
Developing advanced technologies such as Micro LED and Mini LED.
Creating new businesses (e.g., lithium battery industry).
Developing niche products with higher resolution and larger size for industrial applications.
Offering customers integrated modules.
Improving management performance and reducing costs.
Continuing technological development and enhancing quality stability.
Quickly responding and resolving customer issues.
Optimizing production efficiency through new processes and de-bottlenecking engineering.
Obtaining higher development profits and market share at the initial stage of the new product life cycle.
Lowering selling prices and optimizing product costs in the later stages of the product life cycle.
Signing long-term patent licensing contracts with patent owners.
Actively developing various patented technologies.
Strengthening process technology and improving yield rates to reduce material costs.
Diversifying product applications across various consumer markets.

Supply Chain Management

Responsible Procurement

Formulated “Supplier Management and Assessment Methods”
“Human Resources Policy Agreement” prohibited suppliers from hiring child labor.

Climate-Related Risks & Opportunities

Opportunities

Green energy development

Sustainable Products & Innovation

Ozone water generators
Lithium-ion battery modules for energy storage

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:14,671,664 tCO2e/year (consolidated)

Scope 1 Emissions:63,138 tCO2e/year

Scope 2 Emissions:14,608,496 tCO2e/year