Energy, Climate, Carbon Emissions Management
Energy Management
Due to energy shortages, global warming, and increasingly severe climate change, energy management and transition have become crucial components of international energy policies. The selection and consumption of energy are closely linked to issues such as company costs, environment, and safety. Improving energy utilization efficiency and reducing energy consumption will help save costs and mitigate the impacts of climate change.
Energy Structure: Due to the nature of the industry, the energy structure used by the Group’s subsidiaries in mainland China primarily consists of purchased electricity, which accounts for over 80-90% of total energy consumption.
Energy Management Method: Sustainability Committee: For key subsidiaries of the Group (with production plants), a management organization is established with the Chairman acting as the Chairperson. The Committee regularly (quarterly) discuss the implementation and planning of work related to climate change, energy issues, and greenhouse gas emission disclosure and reduction, then report the discussion results to the Board of Directors annually/quarterly.
Energy Management Strategy: The main objective is to reduce the consumption of non-renewable purchased electricity. Additionally, there has been a focus on increasing the establishment of solar (photovoltaic) power stations to boost the generation of green energy.
Strengthen Energy Disclosure:
From 2023, key subsidiaries in mainland China (with production plants) are required to a comprehensive inventory of all energy structures for 2022 (including thermal energy, natural gas, and gasoline/diesel inventory) and to perform this inventory annually thereafter. (Completed)
Greenhouse Gas Inventory
Pan-International Group follows Greenhouse gases Part 1: Specification with Guidance, adopting the operational control approach to set organizational boundaries. The disclosure scope for 2023 is Category 1 direct emissions and Category 2 energy indirect emissions (according to the “Greenhouse Gas Reduction and Management Act” now the “Climate Change Response Act” required disclosure scope). Future plans include evaluating the significance of indirect emission sources from 2024,assessingwhether to include Categories 3 to 6 in the inventory, and commissioning external third-party verification. The Group’s Taipei parent company and subsidiaries in mainland China: Dongguan Pan-International, New Ocean Precision Component, Jiangxi, Honghuasheng, Yantai, CJ Electric Systems, Wuhu have conducted annual greenhouse gas inventories since 2022, using this as the base year to regularly assess and control organizational greenhouse gas emissions. The base year 2022 inventory scope was Categories 1 and 2.
Schedule for the Group’s Greenhouse Gas Disclosure
-Starting in 2023, the parent company completed 2022 greenhouse gas inventory (Scope 1, 2) and conduct it annually thereafter.
-Starting in 2023, subsidiaries in mainland China completed the 2022 greenhouse gas inventory (Scope 1, 2) and conduct it annually thereafter.
-Honghuasheng, Yantai obtained the certification for ISO 14064-1:2018: Organizational Level Greenhouse Gas Emission Certification (completed).
-New Ocean Precision Component, Jiangxi aims to obtain the certification for ISO 14064-1:2018: Organizational Level Greenhouse Gas Emission Certification (in progress) in 2024.
-The parent company and its subsidiaries in mainland China plan to obtain the certification for ISO 14064-1:2018 Organizational Level Greenhouse Gas Emission Certification in 2025 (in planning).
-The parent company and its consolidated subsidiaries plan to complete the 2025 greenhouse gas inventory in 2026.
-The parent company plans to complete the 2026 greenhouse gas verification in 2027.
-The consolidated subsidiaries plan to complete the 2027 greenhouse gas verification in 2028.
Governance
Sustainability Committee: The group has established a management organization for important locations (with production plants), with the chairman as the chairman, to discuss regularly (quarterly) the implementation and planning of work related to climate change and greenhouse gas emission disclosure and reduction. Report to the Board of Directors annually.
<< For details, please refer to: The latest version of the ESG Sustainability Report Chapter: Environmental Friendly >>
Due to energy shortages, global warming, and increasingly severe climate change, energy management and transition have become crucial components of international energy policies. The selection and consumption of energy are closely linked to issues such as company costs, environment, and safety. Improving energy utilization efficiency and reducing energy consumption will help save costs and mitigate the impacts of climate change.
Energy Structure: Due to the nature of the industry, the energy structure used by the Group’s subsidiaries in mainland China primarily consists of purchased electricity, which accounts for over 80-90% of total energy consumption.
Energy Management Method: Sustainability Committee: For key subsidiaries of the Group (with production plants), a management organization is established with the Chairman acting as the Chairperson. The Committee regularly (quarterly) discuss the implementation and planning of work related to climate change, energy issues, and greenhouse gas emission disclosure and reduction, then report the discussion results to the Board of Directors annually/quarterly.
Energy Management Strategy: The main objective is to reduce the consumption of non-renewable purchased electricity. Additionally, there has been a focus on increasing the establishment of solar (photovoltaic) power stations to boost the generation of green energy.
Strengthen Energy Disclosure:
From 2023, key subsidiaries in mainland China (with production plants) are required to a comprehensive inventory of all energy structures for 2022 (including thermal energy, natural gas, and gasoline/diesel inventory) and to perform this inventory annually thereafter. (Completed)
Greenhouse Gas Inventory
Pan-International Group follows Greenhouse gases Part 1: Specification with Guidance, adopting the operational control approach to set organizational boundaries. The disclosure scope for 2023 is Category 1 direct emissions and Category 2 energy indirect emissions (according to the “Greenhouse Gas Reduction and Management Act” now the “Climate Change Response Act” required disclosure scope). Future plans include evaluating the significance of indirect emission sources from 2024,assessingwhether to include Categories 3 to 6 in the inventory, and commissioning external third-party verification. The Group’s Taipei parent company and subsidiaries in mainland China: Dongguan Pan-International, New Ocean Precision Component, Jiangxi, Honghuasheng, Yantai, CJ Electric Systems, Wuhu have conducted annual greenhouse gas inventories since 2022, using this as the base year to regularly assess and control organizational greenhouse gas emissions. The base year 2022 inventory scope was Categories 1 and 2.
Schedule for the Group’s Greenhouse Gas Disclosure
-Starting in 2023, the parent company completed 2022 greenhouse gas inventory (Scope 1, 2) and conduct it annually thereafter.
-Starting in 2023, subsidiaries in mainland China completed the 2022 greenhouse gas inventory (Scope 1, 2) and conduct it annually thereafter.
-Honghuasheng, Yantai obtained the certification for ISO 14064-1:2018: Organizational Level Greenhouse Gas Emission Certification (completed).
-New Ocean Precision Component, Jiangxi aims to obtain the certification for ISO 14064-1:2018: Organizational Level Greenhouse Gas Emission Certification (in progress) in 2024.
-The parent company and its subsidiaries in mainland China plan to obtain the certification for ISO 14064-1:2018 Organizational Level Greenhouse Gas Emission Certification in 2025 (in planning).
-The parent company and its consolidated subsidiaries plan to complete the 2025 greenhouse gas inventory in 2026.
-The parent company plans to complete the 2026 greenhouse gas verification in 2027.
-The consolidated subsidiaries plan to complete the 2027 greenhouse gas verification in 2028.
Governance
Sustainability Committee: The group has established a management organization for important locations (with production plants), with the chairman as the chairman, to discuss regularly (quarterly) the implementation and planning of work related to climate change and greenhouse gas emission disclosure and reduction. Report to the Board of Directors annually.
<< For details, please refer to: The latest version of the ESG Sustainability Report Chapter: Environmental Friendly >>
