Maintaining a healthy environment is crucial to our business success. Gemtek Technology not only ensures environmental compliance but is also deeply committed to energy conservation and carbon reduction efforts. We actively implement environmental protection practices across our operations, striving to minimize the impact of clima te change caused by our business ac tivities.
Implement environmental protection policies across multiple operational aspects, including but not limited to reducing energy and resource consumption, optimizing production processes to minimize waste, promoting a cir cular economy, and supporting the use of sus tainable energy.
Environmental Protection Initiatives
- Energy Consumption and Greenhouse Gases: Continuously improve energy management systems and performance to reduce energy consumption and greenhouse gas emissions.
- Implement energy management to achieve carbon reduction targets.
- Comply with energy regulations and other requirements while developing green products.
- Utilize renewable energy to realize low-carbon emissions.
- Promote resource recycling and source reduction.
- Provide information resources to meet organizational goals.
- Water Resource Management and Reuse: Reduce water consumption and adopt proper treatment solutions.
- Air Pollution Prevention: Reduce carbon emissions and air pollutant, avoid the procurement of ozone-depleting substances (ODS), to minimize environmental impact.
- Raw Materials, Chemicals, and Waste: Reduce the use of raw materials and the generation of hazardous waste.
- Environmental Impacts Associated with the Product Use Stage: Minimize the negative environmental impact of products during product use phase.
- Environmental Impacts Associated with the Product End-of-Life Stage: Maximize the recycling and reuse of products at the end of their lifecycle.
- Consumer Health and Safety: Ensure that products pose no risks to consumers’ health and safety.
Task Force on Climate Related Financial Disclosures
Gemtek Technology discloses climate-related financial information in alignment with the four core recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).
Governance
In 2023, Gemtek established its ESG Sustainable Development Committee, and comprises the General Manager, CFO, and three independent directors, with the General Manager serving as chair. The committee convenes at least once a year and reports regularly to the Board of Directors regarding matters on climate change initiatives, target indicators, and operational outcomes to ensure the continuity and transparency of sustainability efforts, as well as to timely adjust and improve related strategies.
Risk Management
An ad hoc ESG Team was specially created to discuss and evaluate TCFD-defined climaterelated risks, including Transition Risks (policy and regulation, technology, market, reputation),Physical Risks (acute and chronic), and Opportunities (resource efficiency, energy sources,products/services, markets, and resilience). The evaluation employs a matrix that addresse the "likelihood" and "impact severity" of risks and opportunities, considering their potential occurrence over short-term (2024), medium-term (2025-2026), and long-term (2027-2030) timeframes, along with corresponding countermeasures. In 2023, Gemtek Technology identified three transition risks, one physical risk, and one opportunity related to climate change.
Strategy
Indicators and Goals
To effectively manage climate change response strategies, Gemtek has set key benchmarks based on 2022 data and monitors the indicators on a regular basis. The General Manager reports the progress and achievements to the ESG Sustainable Development Committee and the Board of Directors to ensure continuous supervision and tracking of improvement measures. The relevant indicators and short-, medium-, and long-term goals are outlined in the following chart:
