Tex Year Industries Inc.
Climate Impact & Sustainability Data (2022, 2023, 2024)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:Not disclosed
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:Not disclosed
Carbon Intensity:Not disclosed
ESG Focus Areas
- Environmental
- Social
- Governance
Environmental Achievements
- Implemented waste water recycling to reduce water usage
- Built rainwater collection system in Taoyuan Phase 5 factory to improve water resource utilization
- Implemented energy saving measures such as regular maintenance and replacement of air conditioners/chillers, using energy-saving light tubes, and installing rooftop solar power generation equipment
- Introduced a recycled material management system to optimize recycled raw material products and increase utilization rate
- Introduced automated production equipment to shorten production processes and prevent errors in manual material calculation
Social Achievements
- Established a friendly workplace and implemented career planning and lifelong learning programs
- Shared business performance with employees through performance review and bonus systems
- Provided employee health checkups, recreational facilities, and nursing rooms
Governance Achievements
- Established a corporate sustainability committee with 5 members, including the chairman and CEO and 4 independent directors
- Implemented internal control system and followed relevant regulations to ensure compliance
- Established a risk management policy in accordance with the “Practical Guidelines for Risk Management of Listed Companies”
Climate Goals & Targets
Long-term Goals:
- Not disclosed
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Climate change impacts on business operations
- Supply chain disruptions
Mitigation Strategies
- Established GPS Green Material Strategy Cooperation Platform to collaborate with upstream and downstream industries to develop new products and business models
- Implemented ISO14001 and ISO50001 management systems
- Developed risk management policy and procedures
Supply Chain Management
Supplier Audits: Not disclosed
Responsible Procurement
- Requires suppliers to provide materials free of harmful substances
- Requires compliance with various environmental regulations and quality systems (RoHS, REACH, GHS, ISO 9001;14001; 45001; 50001; 28000; QC080000)
Climate-Related Risks & Opportunities
Physical Risks
- Not disclosed
Transition Risks
- Not disclosed
Opportunities
- Not disclosed
Reporting Standards
Frameworks Used: GRI Standards
Certifications: ISO 14001, ISO 50001, ISO 45001, ISO 14064-1:2018, ISO 14067:2018
Third-party Assurance: Third-party verification unit
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Not disclosed
Awards & Recognition
- Not disclosed
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:2021: 3,035.61 tCO2e; 2022: 2,938.11 tCO2e
Scope 1 Emissions:2021: 679.86 tCO2e; 2022: 838.57 tCO2e
Scope 2 Emissions:2021: 2,355.75 tCO2e; 2022: 2,099.54 tCO2e
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not specified, but aiming for 25% by 2030.
Total Energy Consumption:2021: 4,628,187 kWh; 2022: 4,241,496 kWh
Water Consumption:2021: 11.63 tons; 2022: 14.07 tons
Waste Generated:2021: 37.94 tons; 2022: 37.94 tons (various types)
Carbon Intensity:2021: 0.86 tCO2e/million TWD; 2022: 0.80 tCO2e/million TWD
ESG Focus Areas
- Environmental Protection
- Safety and Health
- Corporate Governance
- Social Care
- Sustainable Development
Environmental Achievements
- Reduced carbon emissions (specific figures not provided, but a 5% energy saving target over five years was set, achieving an average annual electricity saving rate of 1.6% from 2019 to 2022).
- Increased the revenue ratio of green materials products to 86%
- Obtained various international certifications for green, sustainable, and low-carbon products.
Social Achievements
- Established the "Integrity Management Committee", "Corporate Sustainability Committee", "Salary and Remuneration Committee", "Information Security and Personal Information Committee", and "Environmental Safety and Health Committee" to supervise and ensure that all aspects of the company's operations are in line with the spirit of ESG.
- Implemented policies for career planning and lifelong learning educational training.
- Employees share in business results through performance reviews, sales bonuses, and other regulations.
Governance Achievements
- Established an Audit Committee.
- Appointed a full-time corporate governance supervisor.
- Implemented a spokesperson system.
- Disclosed major information in English.
Climate Goals & Targets
Long-term Goals:
- Net zero emissions by 2050.
Medium-term Goals:
- Achieve 30% renewable energy by 2030.
- Complete a comprehensive greenhouse gas inventory of the entire group and subsidiaries by 2028, with third-party verification by fiscal year 2029.
Short-term Goals:
- Not disclosed
Environmental Challenges
- US-China confrontation and regional wars affecting the international economic situation.
- Rising interest rates and inflation.
- Increasingly strict environmental regulations.
- Slowdown in mainland China's economic growth.
- Supply chain disruptions due to climate events and geopolitical instability.
- Rising raw material costs.
Mitigation Strategies
- Increased sales proportion in the mainland domestic market.
- Expanded research and development of green and sustainable products.
- Expanded and built new factories in India.
- Strengthened sales in the automotive industry, including the new energy field.
- Focused on agency sales of high value-added dental products.
- Established the "Green Materials Strategic Cooperation Platform" (GPS) to introduce cross-border cooperation.
- Established four major technology development platforms (green economy, bio-economy, circular economy, and low-carbon economy).
- Implemented various management directives under environmental, safety, and health policies.
- Implemented automation, energy-saving, and environmentally friendly processes.
- Strengthened international marketing and domestic and overseas cooperation relationships.
- Developed alternative sourcing strategies.
Supply Chain Management
Supplier Audits: Regular audits conducted, covering human rights, equal opportunities, basic living needs, fair labor practices, health, and safety.
Responsible Procurement
- Green procurement practices.
- Requirement for suppliers to provide materials free from harmful substances.
Climate-Related Risks & Opportunities
Physical Risks
- Changes in precipitation patterns and extreme variations in climate models
- Increased severity of extreme weather events such as typhoons and floods
- Rising raw material costs
Transition Risks
- Increased greenhouse gas emission pricing
- Strengthened emission reporting obligations
- Requirements and regulation of existing products and services
- Replacement of existing products and services with low-carbon goods
- Cost of transitioning to low-carbon technology
- Changes in customer behavior
Opportunities
- Reduction in water use and consumption
- Use of more efficient production and distribution processes
- Recycling and reuse
- Transition to more efficient buildings
- Adoption of more efficient transportation methods
- Use of low-carbon energy
- Development of low-carbon goods and services
- Use of new technologies
- Participation in carbon trading markets
- Transition to decentralized energy sources
Reporting Standards
Frameworks Used: GRI Standards
Certifications: ISO 9001, IATF 16949, ISO 14001, ISO 50001, OHSAS 18001, ISO 13485
Third-party Assurance: Third-party assurance provider for sustainability report; greenhouse gas audit not yet verified by a third party.
UN Sustainable Development Goals
- Not disclosed
Not disclosed
Sustainable Products & Innovation
- Bio-based and biodegradable hot melt adhesives.
- Halogen-free flame-retardant hot melt adhesives.
- Recyclable thermoforming film for shoes.
- Various green and sustainable low-carbon products.
Awards & Recognition
- Taiwan Excellence Award (for microcomputer high-pressure steam sterilizer)
- Small Giant Award (from the Ministry of Economic Affairs)
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Plastic reduction
- Carbon neutrality
- Green materials
- Sustainable supply chain
- Circular economy
Environmental Achievements
- Reduced the use of secondary plastic packaging by 1,000 tons per year
- Reduced CO2e emissions by 10-45%
- Developed water-based pressure sensitive adhesive with low VOC and low carbon emissions
- Developed de-bonding technology for recycling of LCD panels
- Developed recyclable book binding glue
Social Achievements
- Strategic alliance with Australia's largest label maker & recycler
- Participation in the Economic Policy Conference of the Australian Federal Government
Governance Achievements
- 10th Corporate Governance Evaluation Top 6%-20%
Climate Goals & Targets
Long-term Goals:
- To be A World Leading Provider of Green, Safe, and Healthy Material and Solutions.
Environmental Challenges
- Low demand in the touch panel and passive component industries
- Economic slowdown in some markets
- Exchange rates, interest rates, and geopolitics impacting H2 2024
Mitigation Strategies
- Continued development and commercialization of emerging green and biomaterial solutions
- Expansion into new markets (India, ASEAN, Eastern Europe, EU)
- Focus on automation needs for China's LCD panel modules, localizing the supply chain
Climate-Related Risks & Opportunities
Opportunities
- Plastic reduction and carbon neutrality goals and green material opportunities
- Increased demand for electric vehicle applications
- Providing low-carbon innovative processes for mini-LED packaging industry with specialty chemicals
UN Sustainable Development Goals
- Goal 8: Decent Work and Economic Growth
- Goal 9: Industry, Innovation and Infrastructure
- Goal 12: Responsible Consumption and Production
- Goal 13: Climate Action
- Goal 17: Partnerships for the Goals
Sustainable Products & Innovation
- Bio-based compostable hot melt pressure sensitive adhesive
- Water-based pressure sensitive adhesive
- De-bonding OCA glue
- Aqueous Alkaline Removable Adhesive
- Recyclable Book Binding Glue