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Environmental Sustainability
Response to Climate Change
PixArt's administrative department convenes relevant units and adopts the Task Force on Climate-related Financial Disclosures (TCFD) framework to address the operational risks posed by climate change. Through the core elements of "governance," "strategy," "risk management," and "metrics and targets," PixArt identifies potential climate change risks and opportunities, allowing the company to assess the impact and implications on its operations and proactively establish responsive strategies and measures. We are also planning to introduce ISO 14064-1 in the near future to mitigate risks and damages associated with climate change.
Advocacy: Achieving net-zero carbon emissions by 2050.
Core Elements of TCFD (Task Force on Climate-related Financial Disclosures)
| Core Element | Action Plan |
|---|---|
| Governance | The Corporate Sustainability Committee convenes relevant units annually to assess the potential internal and external impacts of various risk issues, including identifying and evaluating climate change risks and addressing climate impacts. Regular meetings are held annually to prioritize the company's sustainable development initiatives, including climate change-related issues, and take action to fulfill corporate social responsibility. |
| Strategy | To identify physical and transition risks and opportunities based on the business type and operational conditions. We will actively promote green energy and environmental policies to address the impact of global climate change and greenhouse gas emissions on the environment. In addition to taking energy-saving and carbon reduction measures, we promote energy management, waste reduction, and green procurement in offices and public areas. We also prioritize purchasing products bearing energy-saving and EP labels. |
| Risk Management | To identify and evaluate existing and future activities, products, and services related to sustainable operations that may have significant impacts or risks. The administrative and accounting departments regularly conduct organizational risk assessments, which use climate change assessment as the basis for policy-making and goal-setting. The assessment results indicate adopting risk assessment mechanisms based on TCFD recommendations and explicitly focusing on climate change-related issues by studying potential financial impacts and generating relevant response strategies. |