RITEK CORPORATION
Climate Impact & Sustainability Data (2020)
Reporting Period: 2020
Environmental Metrics
Total Carbon Emissions:23,725,644.47 KgCO2e
Scope 1 Emissions:84,555.43 KgCO2e
Scope 2 Emissions:23,641,089.05 KgCO2e
Water Consumption:112,616 m3
Carbon Intensity:8.38 KgCO2e/thousand dollars of revenue
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Acquired ISO14001 certification
- Implemented water recycling measures
- Installed energy-saving measures (compact fluorescent bulbs, control devices on FAB air conditioning)
- Waste treatment conducted before emission, meeting EPA standards
Social Achievements
- Established RITEK Cultural Foundation to sponsor cultural heritage activities for remote schools
- Provides employee benefits including labor insurance, national health insurance, group insurance, periodical health checkups, employee dormitory, and annual travel allowances
- Established complete educational training system
Governance Achievements
- Established Audit Committee (three independent directors)
- Established Remuneration Committee
- Implemented Board performance assessment
- Established Code of Ethics and Business Conduct
- Established Procedures and Guidelines for Ethical Corporate Management
Climate Goals & Targets
Long-term Goals:
- Aggressively devote in B2B market expansion to seize the demand of AD of end database center
Medium-term Goals:
- Focus on individual market operation
- Establish global sales locations
- Aggressively develop global regional markets
Short-term Goals:
- Perfect global sales organization
- Establish distribution system
- Aggressively acquire various professional certifications
Environmental Challenges
- Decreasing consumer market demand for discs
- Impact of COVID-19 on global market development and sales
- Material shortages and price increases
- Highly competitive memory card/USB/SSD market
- Constantly updating technology and shorter life cycle of flash memory
Mitigation Strategies
- Focus on B2B professional market (Archival filing)
- Investment in ISO16963 long-life product certification
- Introduce high-capacity, high-speed, high-specification products
- Diversified and multifunctional products to extend product life cycle
- Coordinated action with material suppliers to control high material prices
- Improve yield of products, invest in research for niche products
Supply Chain Management
Responsible Procurement
- Notice suppliers for related environmental green production standards and request for providing relevant certificates
- Irregular audits of suppliers
Climate-Related Risks & Opportunities
Awards & Recognition
- Outstanding Award (US Event DV magazine)
- DVD Product Award (Germany Computer Bild)
- Quality Product Award Selected by Readers (CHIP)
- Quality Brand and Consumer Trustworthy Brand awards (China Information World)
- Top 100 Brand in Vietnam and Vietnam High Quality Brand
- Top 100 Brands in Taiwan, Taiwan Quality Brand, and Golden Trade Award
- Taiwan Excellence and Quality Design Award
- RITEK DVD stands on top of Player Selection (PCDIY) for consecutive nine years