Issue Date：September 26, 2022

Act on Climate Change

To effectively reduce the significant impact of extreme climate change on the economy, society, and environment, we re-assessed climate-related risks with the framework of climate-related financial disclosures recommended by the Task Force on Climate-related Financial Disclosures (TCFD) in 2020 and established energy conservation and carbon reduction strategies upon low-carbon products and green operations, including measures such as the continuous development of eco-friendly technology, introduction of the circular economy to product manufacturing, strengthening of waste reduction at the source, and pollution prevention to mitigate the greenhouse effect. Additionally, in response to the Paris Agreement, we set the carbon reduction target based on 1.5°C scenario, the absolute target in SBT*. In 2021 we officially proposed the “GHG (Category 1 and 2) reduction by 50% by 2032 and net zero emissions by 2050”. Besides actively reducing the use of fossil fuels, increasing the use of renewable energy, and engaging in innovative low-carbon technology transformation, we will also establish internal carbon pricing in consideration of the environmental cost of business carbon emissions to accomplish the vision of net zero 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

Besides identifying climate-related risks and opportunities based on the TCFD-recommended framework, we also quantitatively assessed the category, strength, and likelihood of the potential impacts of climate-related risks and opportunities. After grading and prioritizing risks and opportunities based on the assessment results, we identified 10 risks and 4 opportunities.

Environmental Targets and Performance in 2021

ESH Policy

Coretronic Corporation was established in the Hsinchu Science Park on June 30, 1992, and has positioned itself as an innovative display solution provider. Adhering to the philosophy “Pursuit of Superiority and Putting Customer First,” we have promoted the ISO 14001 environmental management system (EMS) and OHSAS18001/TOSHMS occupational health and safety management system (OHSMS) with the care for employees’ health, maintenance of an eco-friendly environment, and emphasis on environmental protection as the pre-requisites. We also make continuous improvement of ESH management performance through “enforcing risk management, preventing work-related accidents and unhealthy practices, enhancing the employee’s OHS awareness, building a safe and comfortable work environment, preventing pollution, implementing waste reduction and recycling, enhancing resource efficiency, and transforming into a suitable business” to ensure:

Employee OHS and environmental quality maintenance as the primary responsibilities of supervisors of all levels.
Compliance with the laws and regulations related to environmental protection and OHS and other requirements to be abided by the company.
Continuous promotion of eco-design and clean production and becoming an example of OSH and environmental protection.
Continuous reduction of hazardous exhaust, wastewater and waste and increase in their recycling proportion.
Continuous education and communication on OHS and environmental protection for and with employees and contractors.
Continuous maintenance of a safe and healthy workplace for the prevention of occupational accidents and unhealth.

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

Chairman

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.