Patec Precision Industry Co., Ltd.
Climate Impact & Sustainability Data (2018, 2019)
Reporting Period: 2018
Environmental Metrics
ESG Focus Areas
- Environmental Protection
- Labor Relations
- Corporate Social Responsibility
- Ethical Corporate Management
Environmental Achievements
- Obtained drainage license certificate in October 2014 for its China plant.
- Implemented energy conservation measures such as waste separation, recycling, and paper reduction.
Social Achievements
- Established employee benefit systems in accordance with relevant laws and regulations.
- Set up an employee hotline and grievance mechanism.
- Provided a safe working environment and conducted employee health checks.
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Fluctuations in international raw material prices.
- Rising wages in China and Indonesia.
- Risk of losing top management and middle managers.
Mitigation Strategies
- Improved production processes to reduce waste and labor hours.
- Increased automation to replace labor.
- Competitive compensation and bonus system, employee training, growth and promotion plans, and internal work environment improvement.
Supply Chain Management
Responsible Procurement
- Not disclosed
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: IFRS
Certifications: ISO-9001, ISO/TS-16949
Third-party Assurance: PricewaterhouseCoopers (PwC) Taiwan
UN Sustainable Development Goals
- Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2019
Environmental Metrics
Social Achievements
- Established employee benefit systems in accordance with the relevant laws and regulations of foreign governments and the R.O.C.
Governance Achievements
- Established Audit Committee and Remuneration Committee on November 29, 2013
- Annually evaluates the independence of CPAs
Climate Goals & Targets
Environmental Challenges
- Global car sales decline (4.3% in 2019)
- Contraction of China's automobile market
- Reduced lending in India due to economic slowdown
- Sino-US trade war impact
- Decline in China's economic growth
- Weak global economy
- Sluggish European market
- Impact of Covid-19
Mitigation Strategies
- Adjusting industrial policies
- Developing more applications for stamping parts
- Improving production process
- Entering the medical device market
- Deepening cultivation of automobile parts, stamping production line equipment, medical instruments and medical sterilize containers