Issue Date: February 22, 2024

Act on Climate Change

To effectively reduce the significant impact of extreme climate change on the economy, society, and environment, we introduced the TCFD framework since 2020 to reassess climate change risks and established energy-saving and carbon-reduction strategies based on low-carbon products and green operations to mitigate the greenhouse effect. In addition, in response to the Paris Agreement, we set the carbon reduction target based on SBT* 1.5°C scenario. In 2022, we officially proposed our commitment to achieving net-zero emissions. We aim to reduce GHG emissions (Category 1 and 2) by 25% by 2025, 50% by 2032, and reach net-zero emissions by 2050. We have also submitted our carbon reduction commitment to SBTi and received approval. To achieve our vision of net-zero emissions, we will reduce the use of fossil fuels, increase the use of renewable energy, and engage in innovative low-carbon technology transformation. We will also establish internal carbon pricing in consideration of the environmental cost of business carbon emissions.
*Science Based Targets (SBT): The reasonable carbon reduction limit of industries and businesses across the globe is calculated scientifically within the total carbon emissions to control warming within 1.5°C.

TCFD Framework



Climate-related Risks and Opportunities Matrix

Coretronic actively joins and follows international initiatives. When there are significant changes in climate regulations or progress in net-zero phases, we identify the climate risks and opportunities and quantitatively assess the category, intensity, and likelihood of potential impacts for each risk and opportunity. We then grade and prioritize the risks and opportunities based on the assessment results. Additionally, we formulate improvement strategies and solutions for high-impact and short-term risks and opportunities to reduce negative impacts and enhance organizational climate resilience, creating more business opportunities. Regarding the potential financial impacts caused by climate change, we have obtained relevant financial data. Once the calculation methodology is confirmed, we will be able to estimate the financial impacts, costs, or revenues.

In 2021, we conducted a climate change risks and opportunities assessment and impact analysis based on the TCFD framework. We identified 10 risks and 4 opportunities. For the high-impact and short-term transition risk, "Low-carbon product standards and labels," and the opportunities, "Promotion of low-carbon green production" and "Use of recycled materials," we have developed innovative solutions for low-carbon products. Additionally, for the physical risk of "Rising temperature," we have formulated energy-saving and carbon-reduction strategies.


Climate Risks and Opportunities Coping Strategies

  • Transition risk, "Low-carbon product standards and labels," and the opportunities, "Promotion of low-carbon green production" and "Use of recycled materials."
    Together with our subsidiary, Optoma, we assessed the environmental impacts caused by our mainstream product, the EX1 laser projectors (EX1-1, EX1-2, and EX1-3), at each stage of their product life cycle. We also conducted a carbon footprint analysis of the product based on ISO 14067. Please refer to Chapter 4.4 of this report for details. To better understand the environmental footprint of other projector series at each stage of their life cycle, we will establish a carbon footprint calculator database, which will serve as a reference for future sustainable product design.
  • Physical risk, "Rising temperature"
    In response to temperature changes, which directly impact the energy consumption of the HVAC equipment in our plants, we have devised strategies to improve energy efficiency, upgrade energy-saving equipment, develop renewable energy sources, and conserve energy and resources to mitigate and adapt to the impacts of rising temperatures and drastic fluctuations.

Environmental Targets and Performance


Net-Zero Target and Progress
  • We have declared our commitment to "25% reduction in GHG emissions (Category 1 and 2) by 2025, 50% reduction by 2032, and net-zero emissions by 2050." We have also joined national and international initiatives, such as the Taiwan Climate Partnership, Taiwan Alliance for Net Zero Emissions, TCFD, CDP, and SBTi.
  • We have submitted a commitment letter to SBTi, pledging to set targets based on the "1.5°C scenario" absolute reduction approach. 
  • For four consecutive years, we were invited to participate in the CDP questionnaire. In 2022, we received Management level (B) rating in Climate Change Evaluation, which is higher than the industry, Asian, and global average scores (C), and the category of Governance, Scope 1 & 2 Emissions (incl. verification), Risk Management Processes, and Emissions Reduction Initiatives received Leadership level (A/A-) rating. Besides, we received Management level (B) rating in Water Security Evaluation, which is higher than the industry average scores (B-), and the category of Water Risk Assessment received Leadership level score (A). As for Supplier Engagement Rating, we received Leadership level (A-) rating, which is higher than the industry, Asian, and the global average scores (C), and the category of Supplier Engagement and Scope 3 Emissions (incl. verification) received Leadership level (A) rating for two consecutive years.
  • In 2022, the Taiwan plants' GHG emissions (Category 1 and 2) were 7,972.7 tonCO2e, which is lower than the expected net-zero pathway and in line with our expected net-zero progress.

Environmental Protection Committee

Upholding the aim to implement energy conservation mechanisms, reduce greenhouse gas (GHG) emissions, fulfill corporate social responsibility, improve the overall corporate image, reduce operating cost, and assure sustainable business and development, we established the Environmental Protection Committee (EPC) in 2015 which holds a committee meeting every quarter (subject to the schedule of organizational budget planning) and provisional meetings where necessary to discuss and review the promotion and implementation of energy conservation, carbon reduction, and environmental protection. EPC promotes the following tasks on a long-term basis:

  • Integration and promotion energy management and carbon emissions measures and environmental protection work.
  • Enhancement of environmental awareness in employees and promotion of environmental education.
  • Other topics and affairs relating to environmental protection.

The Members and Structure of the Committee


Heads of Business Resource Center

To amass committee members, host committee meetings, and supervise normal committee operation.

Management Representative

the Management Representative of ISO 14001

To implement committee resolutions and review and gather the effectiveness of implementation.

Executive Secretary

Environmental Safety Division

To convene committee meetings, draw up energy conservation and carbon reduction programs, follow up the effectiveness of committee resolutions, manage committee meeting minutes and committee documents, and other tasks relating to committee operation.

Members of Committee

the Head or Representative of R&D, Manufacture, Product, QC, HR, IT, ER, Procurement, and Factory Affairs

Plan, promote, and executive all the issues and activities related to environmental protection in the organization.