Climate Change Data

程泰機械股份有限公司 GOODWAY MACHINE CORP.

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:2329 tCO2e/year (2021)
Scope 1 Emissions:152 tCO2e/year (2021)
Scope 2 Emissions:1870 tCO2e/year (2021)
Water Consumption:19,003 m3/year (2022)
Waste Generated:30.5 tons of waste oil and 8,330 kg of waste cloth (2022)

ESG Focus Areas

  • Company Governance
  • Environmental Sustainability
  • Social Responsibility
  • Supply Chain Management
  • Employee Well-being

Environmental Achievements

  • Installed solar panels on factory rooftops, generating approximately 2.280MW and reducing carbon emissions by over 1,590 tons.
  • Implemented energy-saving measures, including replacing traditional lighting with LED lights and maintaining energy-efficient equipment.
  • Reduced water consumption through improved processes and water recycling.

Social Achievements

  • Provided various employee benefits, including year-end bonuses, employee stock ownership trusts, education subsidies, and travel subsidies.
  • Organized employee activities such as domestic and international travel, birthday celebrations, and recreational events.
  • Offered employee assistance programs for emergencies and provided childcare leave.

Governance Achievements

  • Established a sustainability promotion committee to oversee ESG initiatives.
  • Implemented a whistleblower system to address ethical violations.
  • Maintained a robust information security policy with regular training and assessments.

Climate Goals & Targets

Short-term Goals:
  • Planning for rooftop solar panel installation in 2023.

Environmental Challenges

  • Climate change leading to extreme weather events and potential disruptions to supply chains.
  • Potential for increased costs due to carbon taxes or energy taxes.
  • Maintaining a balance between business growth and environmental sustainability.
Mitigation Strategies
  • Implementing energy-saving measures and investing in renewable energy sources (solar panels).
  • Monitoring and managing greenhouse gas emissions.
  • Developing alternative sourcing strategies and evaluating alternative suppliers for high-cost materials.

Supply Chain Management

Supplier Audits: 136 suppliers assessed in 2022

Responsible Procurement
  • Supplier assessment based on quality, finance, price, process, technology, and labor rights.
  • Requirements for suppliers to prioritize human rights, social impact, environmental protection, and employee safety and health.

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events, water scarcity, and power outages.
Transition Risks
  • Increased costs due to carbon taxes or energy taxes.
Opportunities
  • Reducing costs through energy efficiency and renewable energy.

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001:2000