Climate Change Data

CHIN-POON INDUSTRIAL CO., LTD.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:167,093.377 tCO2e/year (Scope 1+2), 250,745.040 tCO2e/year (Scope 1+2+3)
Scope 1 Emissions:7,388.705 tCO2e/year
Scope 2 Emissions:159,704.672 tCO2e/year
Scope 3 Emissions:83,651.663 tCO2e/year
Renewable Energy Share:Not disclosed
Total Energy Consumption:302,835.981 MWh/year
Water Consumption:3,460,000 m3/year
Waste Generated:1,938,860 kg/year (general industrial waste), 2,158,370 kg/year (hazardous industrial waste)
Carbon Intensity:11.1 CO2e / NT$ 1,000,000 (Production Value) in 2023

ESG Focus Areas

  • Environmental Protection
  • Occupational Safety and Health
  • Ethical Corporate Management
  • Climate Change
  • Human Rights
  • Sustainable Development

Environmental Achievements

  • Greenhouse gas emissions reduced by 15% from 2022 to 2023 (Scope 1 + Scope 2).
  • Overall electricity consumption intensity decreased by 1.4% in 2023 compared to 2022.
  • Overall water consumption intensity decreased by 1% in 2023 compared to 2022.
  • 100% compliance with laws and regulations on hazardous substances in 2023.
  • Third-party assurance on greenhouse gas inventory completed in 2023.

Social Achievements

  • Various employee welfare programs implemented (insurance, bonuses, gifts, subsidies, etc.).
  • Regular employee health examinations and health promotion activities conducted.
  • On-the-job training programs provided.
  • Harmonious labor relations maintained with regular labor-management meetings.
  • Established a labor complaint channel to address work-related complaints.

Governance Achievements

  • Established a Sustainability Committee, upgraded to a functional committee of the Board of Directors in August 2023.
  • Implemented a comprehensive corporate governance system.
  • Regularly evaluates CPAs’ independence.
  • Established a whistleblower system (although standard operating procedures for investigation are not yet established).

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050.
Medium-term Goals:
  • Plan to use renewable energy and solar photovoltaic devices before 2030.
  • Greenhouse gas emission intensity (tCO2e / NT$ 1 million of production values) will remain below 12.35 in 2024 and below 12.09 in 2026.
  • Water consumption intensity (ML / NT$ 1 million of production values) will remain below 0.239 in 2024 and below 0.236 in 2026.
  • The power consumption intensity (GWh / NT$ 1 million of production values) will remain below 20.973 in 2024 and below 20.752 in 2026.
Short-term Goals:
  • Reduce electricity consumption intensity by 5% by 2024.
  • Reduce water consumption intensity by 5% by 2024.
  • Greenhouse gas emission intensity (tCO2e / NT$ 1 million of production values) will remain below 12.35 in 2024 and below 12.09 in 2026.

Environmental Challenges

  • Global automotive supply chain disruptions in the first half of 2023.
  • Labor shortage and rising labor costs.
  • Exchange rate risk.
  • Stricter environmental standards and increasing environmental costs.
  • Tight delivery schedules and challenges of logistics efficiency.
  • Advent of the meager profit era.
  • Competition from China's low-cost manufacturing.
Mitigation Strategies
  • Strengthened cost control.
  • Increased automation to reduce dependence on manpower.
  • Implemented flexible foreign exchange hedging strategies.
  • Established pollution prevention measures and treatment equipment.
  • Improved manufacturing processes and logistics efficiency.
  • Developed niche markets with high value and potential.
  • Provided resources of technology, R&D, and management to Changshu Plant in China.
  • Expanded production capacity in Thailand.

Supply Chain Management

Supplier Audits: 100% completion rate in 2023 for Taiwan and China

Responsible Procurement
  • Requires suppliers to provide documents such as "Warranty of Non-Use of The Hazardous Substances" and "The Activity in Compliance with REACH Regulation"
  • Conducts regular audits of raw material suppliers.
  • Encourages local procurement.

Climate-Related Risks & Opportunities

Physical Risks
  • Changes in average rainfall
  • Extreme weather
  • Temperature changes
Transition Risks
  • Total amount control
  • Carbon emissions trading
  • Uncertainty of new regulations
  • Carbon taxes
  • Energy taxes/fuel taxes
  • Renewable energy regulations
  • Mandatory reporting
Opportunities
  • Production processes
  • Low-carbon energy
  • Water utilization
  • Alternative or diversified resources

Reporting Standards

Frameworks Used: IFRSs, IASs, TCFD

Certifications: ISO 9001, ISO 14001, ISO 45001, IATF 16949, AS 9100

Third-party Assurance: BellCERT, BSI

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Lead-free processes
  • Environmentally-friendly materials
  • Black hole process to reduce wastewater

Awards & Recognition

  • Not disclosed