Issue Date: August 3, 2023
We have taken the SBT 1.5°C scenario as the reduction goal in setting a carbon reduction pathway to net zero. Using 2020 as the baseline, we aim to reduce GHG emissions (Category 1 and 2) by 50% by 2032 and achieve net-zero emissions by 2050. We plan to gradually achieve the SBT reduction and net-zero targets by installing solar equipment, increasing renewable energy use, upgrading energy-saving equipment, and implementing energy-saving production management.
At Coretronic, purchased electricity is the main source of GHG emissions. Hence, we set the renewable energy consumption target at 1% in 2020 and began to purchase the renewable energy certificate (REC). As of 2022, the Taiwan plants have achieved this target for three consecutive years. In the future, we will continue to install solar equipment in our plants, purchase more renewable energy wheeling, and obtain renewable energy certificates to further increase the use of renewable energy.
In addition, we actively participate in national and international initiatives, such as the Taiwan Climate Partnership, the Taiwan Alliance for Net Zero Emissions, submitting a commitment letter to SBT, implementing TCFD, and responding to CDP questionnaires. We also perform carbon offsets, develop green technologies, establish internal carbon pricing, strengthen green innovation practices and mitigation measures, improve the energy efficiency of HVAC systems, make factory equipment more energy-efficient, and install energy-saving lighting. We strive to be a leader in energy efficiency and carbon reduction in the industry and gradually achieve SBT reduction and net-zero targets.
- The Environmental Protection Committee establishes environmental sustainability policies and regularly reviews carbon reduction performance to achieve GHG reduction targets.
- Conducted a GHG inventory in accordance with ISO 14064-1 and passed the verification.
- Set SBT carbon reduction targets.
- Established the "Sustainable Energy Committee" under the Environmental Protection Committee to strengthen the net-zero trajectory and energy solutions. The committee will regularly review energy efficiency performance to achieve energy-saving targets.
- We conduct annual GHG inventory in accordance with ISO 14064-1, covering seven types of gases: carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), sulfur hexafluoride (SF6), and nitrogen trifluoride (NF3). The inventory allows us to monitor the current GHG use and verify the effectiveness of our reduction efforts. At this stage, although not subject to regulatory control to be required to carry out inventory and reduction, we have set greenhouse gas reduction targets in stages and review annually for continuous improvement. Also, we inventory the energy consumption, improve the efficiency of equipment, manage energy use status and install renewable energy equipment to maximize the use of energy, so as to achieve the goal of greenhouse gas reduction and the low-carbon goals with scientific management of data.
- In 2022, the Taiwan plants' GHG emissions (Category 1 and 2) decreased by 235.5 tonCO2e from 2021 because the plants implemented energy-saving measures, such as installing solar systems, introducing magnetic levitation chillers, monitoring equipment electricity consumption, reducing energy consumption, managing nighttime energy use, and improving lighting efficiency. In addition, using renewable energy has reduced the use of purchased electricity, thereby reducing GHG emissions. The emissions intensity for Category 3 to 6 increased from 2021 because the scope of material inventory was expanded in 2022, now covering a more complete range of purchased raw materials. In the future, the GHG inventory will be conducted using the same standard.
- In 2022, the China plants' GHG emissions (Category 1 and 2) decreased by 17,498.6 tonCO2e from 2021 because of the plants' efforts to address climate change and achieve carbon peak by setting carbon reduction goals, developing renewable energy sources, implementing energy-saving measures, enhancing energy use management, and using renewable energy, thereby reducing the use of purchased electricity.
||Headquarters, Chunan Plant, Tainan Plant 1
||Headquarters, Chunan Plant, Tainan Plant 1 and 2
||Wujiang and Kunshan Plants
|Indicator / Year
|Direct Emissions—Category 1 (tCO2e)
|Indirect Emissions—Category 2 (tCO2e)
|Total GHG Emissions—Category 1+2 (tCO2e)
|GHG Emissions Intensity—Category 1+2 (tCO2e/NTD 100m)2
|Indirect Emissions—Category 3 (tCO2e)5
|Indirect Emissions—Category 4 (tCO2e)5
|Total GHG Emissions—Category 1-6 (tCO2e)
|GHG Emissions Intensity—Category 1-6 (tCO2e/NTD 100m)2
1: The category of GHG emissions calculation of the China plants
2020: Coretronic Display (Suzhou) and Coretronic Optotech (Suzhou)
2021-2022: Coretronic Display (Suzhou), Coretronic Optotech (Suzhou), Coretronic Optics (Suzhou), Coretronic Projection (Kunshan), and Coretronic Optics (Kunshan)
2: The scope of revenue by year
2020: Taiwan plants—Coretronic, Young Green Energy, uCare Medical Electronics, Champ Vision Display, Coretronic Intelligent Cloud Service, Coretronic Intelligent Robotics, Innospectra, Coretronic MEMS, and Coretronic Reality; China plants—Coretronic Display (Suzhou) and Coretronic Optotech (Suzhou)
2021-2022: Taiwan plants—Coretronic, Young Green Energy, uCare Medical Electronics, Champ Vision Display, Coretronic Intelligent Cloud Service, Coretronic Intelligent Robotics, Innospectra, Coretronic MEMS, Coretronic Reality, and Coretronic Intelligent Logistic Solutions; China plants—Coretronic Display (Suzhou), Coretronic Optotech (Suzhou), Coretronic Optics (Suzhou), Coretronic Projection (Kunshan), and Coretronic Optics (Kunshan)
3: Since 2020, the Taiwan plants have conducted GHG inventory and verification based on ISO 14064-1:2018. The China plants conducted a self-imposed GHG inventory based on ISO 14064-1:2006 for 2020-2021. Since 2022, the China plants have conducted GHG inventory and verification based on ISO 14064-1:2018, where Category 1 = Scope 1, Category 2 = Scope 2, and Categories 3-6 = Scope 3.
4: The coefficient of Taiwan plants' carbon emissions in 2022 refers to the carbon emissions data of the Bureau of Energy in 2022, where 1 kWh = 0.509 kgCO2e. The coefficient of China plants' carbon emissions refers to the "Notice on Doing a Good Job in the Reporting and Management of Greenhouse Gas Emissions of Enterprises in the Power Generation Industry from 2023 to 2025," where 1 kWh = 0.5703 kgCO2e. The GWP values refers to the GWP of the IPCC 2021 Sixth Assessment Report, and the scope of the inventory is based on the Operational Control Law.
5: Category 3 inventory items include upstream transportation and distribution, downstream transportation and distribution, employee commuting, and business travel. Category 4 inventory items include purchased goods, solid and liquid waste disposal, and asset use.
Performance in 2022
- 2022: The Taiwan plants' GHG emissions (Category 1 and 2) intensity decreased by 22% from 2021 (a 49% reduction from 2019), achieving the short-term target.
- 2022: The China plants' GHG emissions (Category 1 and 2) intensity decreased by 49% from 2021.
- 2016-2022: The Taiwan plants passed the ISO 14064-1 GHG verification for 7 consecutive years.
- 2022: The China plants passed the ISO 14064-1 GHG verification for the first time.