Climate Change Data

ECOVE ENVIRONMENT CORPORATION

Climate Impact & Sustainability Data (2017)

Reporting Period: 2017

Environmental Metrics

Total Carbon Emissions:698,243.9 tCO2e/year (excluding Shulin and Gangshan plants)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:Not disclosed
Water Consumption:Not disclosed
Waste Generated:1,857,743 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Environmental Protection
  • Resource Recycling
  • Renewable Energy
  • Corporate Governance
  • Employee Well-being

Environmental Achievements

  • Reduced carbon dioxide emissions by an unspecified amount in 2017 compared to 2016 (698,243.9 metric tons in 2017 excluding Shulin and Gangshan plants).
  • Achieved 100% recycling and reuse of wastewater in incineration plants.
  • Tainan Chengxi EfW Plant received “Excellence Waste Management of Carbon Footprint Labeling Award” from Tainan City Government.
  • Keelung, Shulin, Houli, and Wujih EfW Plants received “Badge of Accredited Healthy Workplace” from Ministry of Safety and Health.
  • Received the world’s first BSI 8001 circular economy certification from BSI.
  • Received “Circular Economy Sustainability Award” from BSI.
  • Received Taiwan Top 50 Corporate Sustainability Awards Gold Award in service industry sector of Taiwan CSR Award, Transparency and Integrity Award, and Circular Economy Leadership Award.

Social Achievements

  • Launched various employee welfare programs including subsidies for weddings and funerals, leisure travel, and recreational activities.
  • Provided comprehensive training programs with over 37.30 average training hours per employee.
  • Established an employee hotline and grievance mechanism.
  • Maintained harmonious labor relations through regular labor-management meetings.
  • Donated magazines to 14 elementary schools in remote areas.

Governance Achievements

  • Established and disclosed Corporate Governance Practice Principles.
  • Established the Audit Committee and Remuneration Committee.
  • Implemented a Board of Directors performance evaluation.
  • Established policies to prevent unethical conduct and insider trading.
  • Implemented a comprehensive risk management system.

Climate Goals & Targets

Long-term Goals:
  • Become the most reliable provider of industry-leading resources cycling services.
  • Expand into overseas markets to maximize value for the Company and shareholders.
  • Actively develop new businesses to achieve substantial development performance in new renewable energy and resource management businesses.
Medium-term Goals:
  • Expand the pursuit for business opportunities such as operations, equipment repair and refurbishment as well as technical consulting in related domestic and overseas industries.
  • Increase the recycling and reuse of waste resources, expand the scope of waste business, and move forward towards the goal of recycling and diversification of waste resources to expand the business foundation.
Short-term Goals:
  • Actively pursue ROT or OT projects in Energy-from-Waste plants in Taiwan.
  • Maintain and intensify current services for mechanical and electrical equipment at Taoyuan International Airport.
  • Actively pursue T&C service opportunities in routes that are near completion in response to the continued construction and plans for urban (New Taipei City, Taoyuan and Taichung) MRT systems.

Environmental Challenges

  • Decreased consolidated operating revenue in 2017 compared to 2016 (9.6% decrease).
  • Decreased consolidated net profit after tax in 2017 compared to 2016.
  • Potential risks associated with limited growth in operations.
  • Potential risks associated with bottom ash disposal and operating costs.
  • Potential risks related to changes in waste volume.
Mitigation Strategies
  • Actively expanded the scope of services and won several new contracts.
  • Invested in PET recycling business and expanded production of bottle washing equipment.
  • Actively pursued overseas business opportunities.
  • Implemented preventive maintenance tasks and energy-saving measures.
  • Developed alternative sourcing strategies for waste materials.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Requires all suppliers to comply with local laws and regulations.
  • Established a set of supplier/contractor social responsibility principles.

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Development of energy-efficient products

Reporting Standards

Frameworks Used: GRI Standards, AA1000

Certifications: ISO 9001, ISO 14001, OHSAS 18001, TOSHMS, CNS 15506, PAS 2050, BSI 8001

Third-party Assurance: BSI Group

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Intelligent management technologies for Energy-from-Waste plants
  • Energy-saving waste solvent assisted combustion technologies

Awards & Recognition

  • National Occupational Safety and Health Award
  • Taiwan Top 50 Corporate Sustainability Awards
  • BSI 8001 circular economy certification
  • BSI Circular Economy Sustainability Award