Climate Change Data

Primax Electronics Ltd.

Climate Impact & Sustainability Data (2023)

Reporting Period: 2023

Environmental Metrics

Total Carbon Emissions:33,662.286 tCO2e/year (Scope 1 & 2)
Scope 1 Emissions:4,979.167 tCO2e/year
Scope 2 Emissions:28,683.119 tCO2e/year
Scope 3 Emissions:1,651,573.835 tCO2e/year
Renewable Energy Share:41.93%
Total Energy Consumption:336,212,456,054 KJ/year
Water Consumption:780,330 m3/year
Waste Generated:2,515.008 tons/year
Carbon Intensity:5.5583 GJ/NT$ million in revenue (2023)

ESG Focus Areas

  • Climate Change
  • Governance
  • Social

Environmental Achievements

  • Recognized as a "Leadership Level A" enterprise in CDP Climate Change Questionnaire, outperforming 21,000 participants.
  • Honored in the S&P Global Sustainability Yearbook 2024, receiving the "Industry Mover" recognition.
  • Achieved a 20.67% reduction in Scope 1 and 2 GHG emissions (CO2e) compared to 2022 and a 59.36% reduction compared to 2019.
  • Renewable energy accounted for 41.93% of total electricity consumption in 2023.

Social Achievements

  • Implemented various employee benefits including health checkups, bonuses, subsidies, and recreational activities.
  • Maintained harmonious labor-management relations.
  • Provided gender-friendly toilets and additional remote work for female employees after maternity leave.
  • Conducted 17,634 occupational safety trainings in 2023.

Governance Achievements

  • Established a Remuneration Committee, Audit Committee, Nomination Committee, and Risk Management Committee.
  • Consistently ranked in the top 5% of listed companies in the Taiwan Stock Exchange's Corporate Governance Evaluation.
  • Received various sustainability awards.

Climate Goals & Targets

Long-term Goals:
  • Achieve 100% renewable energy and carbon neutrality for Scopes 1 and 2 by 2040.
  • Achieve net-zero emissions by 2050.
Medium-term Goals:
  • Achieve 60% renewable energy share in total electricity consumption by 2030.
  • Reduce water intensity by 40% by 2030 (compared to 2020).
Short-term Goals:
  • Reduce GHG emissions (CO2e) for Scope 1 and Scope 2 by 30% by 2025 (compared to 2019).

Environmental Challenges

  • Global economic slowdown affecting end-user demand.
  • Shortened product life cycles increasing inventory and cash flow management risks.
  • Fierce price competition impacting profit margins.
  • Labor shortages and rising labor costs in China.
  • Potential risks from climate change (though not significantly impacting finances in 2023).
Mitigation Strategies
  • Strict cost controls and capital expenditure management.
  • Active development of new technologies and training of R&D personnel.
  • Focus on high-priced, high-value-added products.
  • Introduction of automated production equipment and processes.
  • Development of local suppliers and strategic procurement of critical components.
  • Continuous monitoring of scenario changes and impacts, with plans for adaptation and management strategies.

Supply Chain Management

Supplier Audits: Annual audits, quarterly tracking meetings

Responsible Procurement
  • Primax Group Supplier Code of Conduct
  • RBA Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Increased costs due to fines for legal violations and audits by regulatory authorities.
  • Reduced revenue due to reputational damage.
  • Reduced revenue due to declining product competitiveness and customer loss.
Opportunities
  • Opportunities in low-carbon goods and services.
  • Enhancing corporate reputation.

Reporting Standards

Frameworks Used: GRI Standards (2021 Update), SASB Technology & Communications - Hardware, TCFD

Certifications: ISO 14001, ISO 50001, ISO 14046, IECQ QC080000, ISO 27001, ISO 45001

Third-party Assurance: SGS

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 13 (Climate Action)

Initiatives such as renewable energy procurement and GHG emission reduction contribute to these goals.

Awards & Recognition

  • S&P Global Sustainability Yearbook 2024 - Industry Mover
  • MSCI ESG Rating of A
  • CDP Climate Change Questionnaire - Score A
  • CDP Supplier Engagement Rating - Score A
  • Taiwan Stock Exchange Corporate Governance Evaluation - Top 5%
  • TCSA Top 100 Sustainable Model Enterprises Award
  • Sustainability Report Platinum Award
  • CommonWealth Sustainable Citizens Awards - Top 20
  • Business Weekly Top 100 Carbon Competitive Companies
  • CommonWealth 1.5℃ Temperature Control Certification Badge
  • CommonWealth Sustainable Talent Awards - Top 50
  • HR Asia Best Companies To Work For In Asia