Biodiversity
Coretronic’s Taiwan and China plants are not located within any ecological conservation areas. In addition to ensuring no destruction of wildlife habitats, the Company is committed to reducing the consumption of natural resources by acting at the source. This includes fully optimizing production processes, minimizing the ecological impact of raw materials, avoiding deforestation, improving energy use efficiency, encouraging suppliers to use environmentally friendly and recyclable materials, and actively collaborating with upstream value chain partners to protect nature. Starting with the reduction of environmental damage, the Company aims to assess nature-related impacts through the TNFD (Taskforce on Nature-related Financial Disclosures) framework. This will help us achieve its biodiversity-related goals and gradually incorporate nature-related issues into business decision-making. The Company’s objective is to develop more comprehensive environmental conservation strategies and demonstrate the harmonious coexistence of technology and ecology.
Biodiversity Conservation and No Gross Deforestation Commitment
To safeguard biodiversity and end deforestation, Coretronic announced its “Biodiversity Conservation and No Gross Deforestation Commitment” in 2024, officially signed and endorsed by the Chairman to demonstrate the Company’s strong dedication to biodiversity conservation. The Company actively promotes ecological protection through three major aspects of “conservation, restoration, and education”, aiming to enhance the resilience and adaptability of Earth’s ecosystems. The Company is committed to minimizing the environmental impact of its operations and drives nature conservation and environmental education through five key actions, namely “protecting biodiversity”, “implementing resource management”, “practicing green manufacturing”, “actively participating in conservation initiatives”, and “building consensus on ecological preservation”. The Company’s goal is to generate a net positive impact on ecosystems by 2050 and achieve zero deforestation, realizing a vision of synergy between technology and nature.
• Introduction of Biodiversity Risk Assessment
To better understand its dependence on and impact to biodiversity, Coretronic adopted the Biodiversity Risk Filter V2.0 (BRF) developed by the World Wildlife Fund (WWF) to evaluate physical and reputational biodiversity-related risks across operational sites within the boundaries of this Report. The assessment analyzed the geographic coordinates, industry type, and criticality of each operational site to determine their “levels of dependency” and “impact” on natural environments. It covered eight major categories, including “Provisioning Services”, “Regulating and Supporting Services - Enabling”, “Regulating Services - Mitigating”, “Cultural Services”, “Pressures on Biodiversity”, “Environmental Factors”, “Socioeconomics Factors”, and “Additional Reputational Factors”, comprising a total of 33 biodiversity-related risk indicators.
The results indicated that the Company’s biodiversity risks are primarily low to medium. Among the top five risk indicators, “pollution” showed slightly elevated risk. In response, Coretronic has established a Plastic Reduction Commitment, encouraging all employees to sign the “Company-Wide Plastic Reduction Commitment” initiative. The Company has also integrated circular economy principles into product design and development to reduce reliance on plastics. To address soil and water pollution caused by nitrogen-based fertilizers and pesticides, the Company promotes organic hydroponic vegetable cultivation and regularly sources organic agricultural products from local farmers in support of pesticide-free diets. In response to risks under “Regulating Services - Mitigating” and “Provisioning Services”, Coretronic has implemented various GHG reduction projects, water-saving initiatives, and renewable energy adoption measures to mitigate climate change and reduce the impact of extreme weather events.