Eastech Holding Limited
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:1,355.0229 tCO2e (Scope 1) + 16,278.3269 tCO2e (Scope 2) + 5,071.1583 tCO2e (Scope 3) in 2022
Scope 1 Emissions:1,355.0229 tCO2e/year (2022)
Scope 2 Emissions:16,278.3269 tCO2e/year (2022)
Scope 3 Emissions:5,071.1583 tCO2e/year (2022)
Water Consumption:336,574.18 m3 in 2022
Waste Generated:7.091 tons (hazardous) + 771.4792 tons (non-hazardous) in 2022
Carbon Intensity:1.4007 tonnes CO2e per NTD million in 2022
ESG Focus Areas
- Environmental Protection
- Energy Saving
- Carbon Reduction
- Waste Reduction
- Product Safety
- Employee Well-being
- Corporate Governance
- Compliance
Environmental Achievements
- Implemented ISO 14001 Environmental Management System and ISO 14064-1 GHG inventory
- Reduced pollution emissions through various energy-saving measures
- Improved energy and water resource efficiency
- Recycling of packaging materials
- Use of recyclable wood chips in speaker housings
Social Achievements
- Zero incapacities and zero occupational accidents in 2023
- Zero fire incidents, fatalities, and injuries in 2023
- Various employee welfare measures (insurance, recreational activities, tuition subsidies, etc.)
- 58.3% female employees in 2023, 23.5% female senior executives
- Comprehensive training programs for employees (1,419 hours in 2023)
Governance Achievements
- Established Code of Practice for Corporate Governance
- Established Audit Committee and Remuneration Committee
- Implemented Procedures for Ethical Management and Guidelines for Conduct
- Established whistleblowing procedures
- Regularly evaluates the independence of the certified public accountant
Climate Goals & Targets
Long-term Goals:
- Establish a Sustainability Unit in 2024
- Prepare a sustainability report starting in 2024
- Obtain third-party external verification of the AA1000 Medium Assurance Level and publish a bilingual sustainability report in 2025
- Vietnam EAVN plans to invest in solar energy facilities from 2024
Medium-term Goals:
- Reduce electricity consumption per unit of turnover by 0.4% annually
- Reduce fuel oil consumption per unit turnover by 0.5% annually
- Reduce water consumption per unit of turnover by 0.5% annually
Short-term Goals:
- Reduce greenhouse gas emissions per unit of turnover by 2% from 2022 level
Environmental Challenges
- Customers' inventory adjustments leading to lower revenue
- Global economic downturn, low consumer confidence, high inflation, and high interest rates
- Intensified competition from IT giants and Chinese supply chains
- Depreciation of Asian currencies against the US dollar
- US-China decoupling and geopolitical implications
- Shortage of electronic components (e.g., chips)
- Increased supervision of foreign exchange balancing and customs duties
- Increased labor costs in Mainland China
- Impacts from the coronavirus epidemic
Mitigation Strategies
- Diversified production in China+1 Vietnam factory
- Development of new product lines for European premium audio brands
- Streamlining the organization and integration synergies
- Deepening product lineups and developing new customers and products
- Strengthening sales teams in key global markets
- Establishing strategic partnerships with Chinese IT companies
- Investing in automation and automatic inspection equipment
- Strengthening R&D teams in electronics, software, and structures
- Implementing energy-saving projects and solar power supply
- Adopting a diverse, multi-share, and reuse design strategy for R&D
- Establishing twin bases in China and Vietnam
- Increasing local procurement to reduce costs
- Accelerating digital transformation
- Establishing enterprise tolerance and flexibility
Supply Chain Management
Supplier Audits: Annual inventory inspections of suppliers’ social and environmental responsibilities
Responsible Procurement
- Maintaining long-term cooperation with suppliers
- Requiring suppliers to comply with local laws and regulations
- Requiring suppliers to follow the RBA code of conduct
Climate-Related Risks & Opportunities
Physical Risks
- Impacts of extreme weather on energy-saving efficiency in China factories
- Unstable power supply in North Vietnam Industrial Zone
Transition Risks
- EU's Carbon Border Adjustment Mechanism (CBAM)
Opportunities
- Development of energy-efficient products
- Investment in solar energy facilities
Reporting Standards
Frameworks Used: IFRS, IAS, IFRIC, SIC
Certifications: ISO 14001, ISO 9001, TS16949, ISO 14064-1
Third-party Assurance: AFNOR
Sustainable Products & Innovation
- Green speaker units using recycled materials