ApexBio Co., Ltd.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:12,250,273 tCO2e (Scope 1 and 2)
Water Consumption:49,573 m3
Waste Generated:1.511 tons (biomedical) + 163 tons (general)
ESG Focus Areas
- Environmental Protection
- Occupational Safety and Health
- Corporate Governance
- Sustainable Development
- Ethical Corporate Management
Environmental Achievements
- Maintained ISO 14001 certification for environmental management system in 2022.
- Increased water recycling and reuse by conserving water. Volume of the original water tank has been increased from 72 tons to 272 tons.
- Prioritized internal waste recycling to reduce raw material consumption, followed by the reuse and recycling before applying incineration or landfill as the final disposal means.
- Reduced greenhouse gas intensity, water usage, waste generated, and energy consumption intensity by 1% annually for the past two years.
Social Achievements
- Adjusted employees’ salaries by around 5% in 2022.
- Distributed employee bonus stocks and performance bonuses based on operational performances.
- Established a staff welfare committee to plan and provide high-quality welfare benefits for employees.
- Maintained over 40% of female leadership positions.
Governance Achievements
- Established the "Risk Management Policy and Procedures" and set up a "Risk Management Team."
- Established the "Ethical Corporate Management Best Practice Principles" and the "Procedures for the Prevention of Insider Trading."
- Established a "Whistleblowing Procedure for Illegal, Unethical, or Dishonest Behavior" to prevent unethical behavior.
- Provided internal training on corporate governance to strengthen employees’ awareness of legal compliance.
Climate Goals & Targets
Long-term Goals:
- Seek collaborations with new start-up products or companies for mergers to increase the Company’s operational scale and benefits.
- Continue the commitment on developing innovative technology products to enhance the value of the Company.
Medium-term Goals:
- Adjust research and development of new products in response to market changes, to increase company revenue and profitability.
Short-term Goals:
- Maintain and strengthen relationships with customers; accelerate product development and collaboration for customizing new products.
- Develop markets for multi-functional product series, combining 3C technology for various remote transmission interfaces.
Environmental Challenges
- Global shipping tightening and the impact of port congestion on the US west coast.
- Impact of the pandemic on bid rigging in procurement of some markets.
- Stricter regulatory verification in the medical equipment industry.
- Rising Chinese companies in emerging countries and China.
Mitigation Strategies
- Maintaining high cost-performance ratio and strategic up-to-date compliance as core competitiveness.
- Actively participating in exhibitions and visiting customers to promote new products.
- Strengthening vendor management to level up quality, production efficiency, and competitiveness, as well as lower costs.
- Continuing to develop automated production equipment to decrease production costs and respond to increased customer demand.
- Forming alliances or mergers with upstream and downstream manufacturers or even peers in different industries to strive for greater business opportunities.
- Incorporating ESG into product development considerations for sustainable business operations.
Supply Chain Management
Responsible Procurement
- Established "Procurement Operation Management Procedure" and "Supplier Evaluation Management Procedure"
- Strictly require suppliers to comply with safety and labor related regulations and to possess appropriate quality control.