Climate Change Data

WPG Holdings Limited

Climate Impact & Sustainability Data (2021, 2023)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:3260.26 tCO2e/year (Scope 1,2, and partial 3)
Scope 1 Emissions:819.25 tCO2e/year
Scope 2 Emissions:3260.26 tCO2e/year
Scope 3 Emissions:6392.79 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:32411.3 GJ/year
Water Consumption:26.908 million liters/year
Waste Generated:85.051 tons/year
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Corporate Governance
  • Sustainable Supply Chain
  • Environmental Sustainability
  • Human Capital
  • Social Participation

Environmental Achievements

  • Warehouse waste in 2021 was reduced by 29.9% compared to the previous year.
  • Developed 105 programs about clean technologies through the platform of WPGDADATONG, accounting for nearly 46% of the total annual development plans, and the revenue increased by 40% compared to last year.

Social Achievements

  • Launched Employee Stock Ownership Trust with a coverage rate of 91.6% and a cumulative rate of return of 9.65%
  • Sponsored “Supply Chain Management Industry-academia cooperation program ” at the College of Commerce, National Chengchi University for 11 consecutive years, and systematically organized the know-how in the supply chain management and cultivated supply chain management talents.
  • Achieved RMB$ 1.08 billion as cumulative promotion value with the interactive marketing mechanism in the full-coverage community of Blogs, an increase of 69% compared with the same period last year.

Governance Achievements

  • Included an independent female director to enhance the multiple perspectives of decision-making among the Board of Directors, and set up a Chief Sustainability Officer to intensify the promotion of sustainable development.
  • Ranked 6% ~ 20% among TWSE-listed companies of the 8th Corporate Governance Evaluation, positioned 11% to 20% among the category of electronics industry with a market value of more than NT$ 10 billion.
  • Introduced ISO 27001 , obtained third-party certi/f_ication; and established “Information Security Management Committee”.

Climate Goals & Targets

Long-term Goals:
  • Achieve Net Zero Emissions by 2050
Medium-term Goals:
  • Achieve Net Zero Emissions in own operations including of/f_ice buildings and warehouses by 2030
Short-term Goals:
  • Increase GHG inventory coverage to 100% by 2025
  • Achieve 30% of revenue and number of customers from WPGDADAJIA and WPGDADABANG by 2021 (already achieved)

Environmental Challenges

  • Supply chain problems in the electronics industry
  • The heating up of the pandemic cast a shadow over corporate operations.
Mitigation Strategies
  • Implemented working from home
  • Implemented diverse mechanisms for “work online” and accommodating to emerging work patterns
  • Implemented several pandemic prevention measures to protect the health of colleagues.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • WPG Holdings Supplier Code of Conduct (based on RBA Code of Conduct)
  • Local and green procurement

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather
  • Natural disasters
  • Flooding
Transition Risks
  • Energy price hikes
  • Supply chain disruptions
Opportunities
  • Rising demand for cleantech components
  • Business opportunities in renewable energy-related electronic components

Reporting Standards

Frameworks Used: GRI Standards: Core option

Certifications: ISO 14001:2015 (Linkou, Hong Kong, Singapore warehouses), ISO 27001:2013, ISO 14064-1:2018 (GHG emissions verification)

Third-party Assurance: KPMG Taiwan (limited assurance)

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 13 (Climate Action)
  • SDG 14 (Life Below Water)
  • SDG 15 (Life On Land)
  • SDG 17 (Partnerships for the Goals)

Initiatives related to cleantech development, energy saving, carbon reduction, waste management, and industry-academia collaborations

Sustainable Products & Innovation

  • Low-power supply chip (NCP13992)

Awards & Recognition

  • TCSA: Taiwan Corporate Sustainability Awards - Corporate Sustainability Report (Service Industry Gold Award)
  • TCSA: Taiwan Corporate Sustainability Awards - Taiwan Sustainable Corporation Outstanding Awards (Service Industry)
  • Electronics Supply and Manufacturing China (ESMC): Award of Excellence for Electronic Component Distributor-Excellent International Brand Distributor
  • Forbes Magazine: Ranked No. 1676 in the Forbes Global 2000
  • CommonWealth Magazine - No.1 in Top 2000 Survey Service Industry
  • CommonWealth Magazine - No.1 in Top 2000 Survey Services/Industry Holdings
  • 2021 Award of Learning Neo Star from the “CommonWealth Learning Campus”

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:35,397 tCO2e/year (Scope 1, 2, and designated Scope 3)
Scope 1 Emissions:1,157.19 tCO2e/year
Scope 2 Emissions:6,025.21 tCO2e/year
Scope 3 Emissions:28,325.46 tCO2e/year
Renewable Energy Share:<1% (office areas)
Waste Generated:279.85 tonnes/year

ESG Focus Areas

  • Corporate Governance
  • Environmental Sustainability
  • Social Responsibility
  • Sustainable Supply Chain
  • Talent Development

Environmental Achievements

  • Achieved 100% Greenhouse Gas inventory coverage in offices and owned warehouses.
  • Dongguan Warehouse passed ISO 14001:2015 environmental management certification.
  • Headquarters awarded Gold Certification for indoor air quality.

Social Achievements

  • Launched Employee Stock Ownership Trust (ESOT) with 92.4% coverage.
  • WPG China (SZ) Inc. won the “Best Employer Performance Incentive Award”.
  • Invested NT$21,173,906 in education and training (20.12 hours per capita).

Governance Achievements

  • Ranked top 5% of all listed companies in the 2023 Corporate Governance Evaluation.
  • Obtained Level A certification of Taiwan Intellectual Property Management System (TIPS).
  • Passed ISO 27017 cloud-based service information security management certification.

Climate Goals & Targets

Long-term Goals:
  • Achieve Group’s net zero emission goals by 2050.
Medium-term Goals:
  • Achieve Net Zero emissions from all Group operating locations by 2030.
  • Achieve 100% renewable energy utilization rate at business locations by 2030.
Short-term Goals:
  • Reduce office area waste by 3% by 2025.
  • Reduce office area electricity consumption by 1% annually.
  • Reduce water usage by 3% by 2025.
  • Achieve 40% renewable energy utilization rate at business locations by 2025.

Environmental Challenges

  • Sluggish global economy and weakening end market.
  • Geopolitical risks and specific issues related to Taiwan.
  • Climate change impacts on traditional industries.
Mitigation Strategies
  • Cautious and diligent work by staff and supply chain partners.
  • Strengthened business continuity management (BCM).
  • Accelerated global deployment and investment.
  • Initiated ESG Technology Innovation Promotion Alliance.

Supply Chain Management

Supplier Audits: 30 key suppliers audited for conflict minerals and chemical safety.

Responsible Procurement
  • Supplier Code of Conduct
  • Conflict Minerals Policy
  • Responsible Business Alliance (RBA) Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding
  • Rising temperatures
Transition Risks
  • Carbon tax
  • Energy transition
  • Increased transportation costs
Opportunities
  • Development of energy-efficient products
  • Access to new markets

Reporting Standards

Frameworks Used: GRI Universal Standards 2021, SASB, TCFD, UNGC, SDGs

Certifications: ISO 14001, ISO 14064, ISO 27001, ISO 27017, TIPS Grade A

Third-party Assurance: Deloitte Taiwan (limited assurance)

UN Sustainable Development Goals

  • Not disclosed

Sustainable Products & Innovation

  • Cleantech solutions (energy-saving, carbon-reducing technologies).

Awards & Recognition

  • Taiwan Corporate Sustainability Awards (TCSA) Sustainability Report Gold Award
  • MSCI ESG rating A
  • Best Employer Performance Incentive Award
  • Gold Green Building Label