Chicony Electronics works with its affiliated companies, Chicony Power and XAVi Technologies, marching towards a new milestone 2023/8/28

Chicony Electronics works with its affiliated companies, Chicony Power and XAVi Technologies, marching towards a new milestone 2023/8/28

Global keyboard, AI image and power supply leading manufacturer Chicony Group today announces that Chicony Electronics and its affiliated companies, Chicony Power, and XAVi Technologies respond to the Paris Climate Agreement. In order to achieve the goal of global temperature rise of no more than 1.5°C, we have joined the global renewable electricity initiative RE100 in the name of Chicony Electronics Group, and promised to comprehensively use renewable electricity to achieve Scope 2 carbon neutrality in Taiwan's headquarters and global operations in 2030.

As an important leader in the electronics industry, Chicony Electronics continues to pursue business development, revenue and profit growth, and is deeply aware of the impact of climate change. The climate action in the SDGs (Sustainable Development Goals) is deeply supported by the Board of Directors. Therefore, Chicony Electronics established the Corporate Sustainability Committee in 2021 to supervise climate governance. In accordance with the latest greenhouse gas inventory standards ISO 14064:2018, Chicony Electronics completed the verification of our six major bases, and joined the SBTi (Science Based Targets Initiative). In August 2022, it passed the SBTi's 1.5°C reduction scenario target review. Based on 2020, the goal is to reduce the total carbon emissions of Scope 1 and Scope 2 by 42%, reduce the carbon intensity by 56.8%, and reduce the total carbon emissions of Scope 3 by 25% and the carbon intensity by 44.2% by 2030. Chicony has also introduced TCFD (Task Force on Climate-related Financial Disclosures) to regularly update the inventory and disclosure of climate change risks and opportunity management, and build a comprehensive climate risk management and communication mechanism.

The renewable energy consumption of Chicony Group in 2021 accounted for 7.76% of the electricity consumption, and it reached 13.55% in 2022. At the same time, it is also actively saving energy and reducing carbon, and the total power saving of each plant will reach 9,335MWh in 2022. In order to further increase the use of renewable energy, overseas plants plan to purchase I-REC, with a total of 16,090MWh procurement in 2022. Each plant is also actively installing solar panels, which is expected to be completed from the end of 2023 to the end of 2024. By then, the Group's solar panel installation capacity will reach 10,945kW. After joining RE100, Chicony Group expects to use 50% renewable energy by 2026 and 100% by 2030.

Chairman Hsu, Kun-Tai of Chicony Electronics said that Chicony Electronics was established 40 years ago, and we hope to slow down the global temperature rise through actual carbon reduction activities and contribute to global sustainable development. In order to achieve 100% use of renewable energy by 2030, short-term, medium-term and long-term implementation plans have been formulated for each plant. At the same time, it plans to build a carbon management system platform to improve the accuracy of carbon management data and the efficiency of data collection, and set greenhouse gas emission reduction targets to accelerate the net zero transformation. The goal is to achieve net zero emissions by 2050 and become a trusted sustainable partner of global customers.

Sam Kimmins, Director of Energy at Climate Group said: “Chicony Electronics’ commitment to 100% renewable electricity by 2030 demonstrates its leadership in the energy transition. Together, our RE100 members represent a powerful force for positive change and we encourage all large-scale businesses to join us.” About RE100

RE100 is a global initiative bringing together the world’s most influential businesses committed to 100% renewable electricity. Led by Climate Group, our mission is to drive change towards 100% renewable grids, both through the direct investments of our members, and by working with policymakers to accelerate the transition to a clean economy. RE100 was established in partnership with CDP. The initiative has over 400 members, ranging from household brands to critical infrastructure and heavy industry suppliers. With a total revenue of over US$6.6 trillion, our members represent 1.5% of global electricity consumption, an annual electricity demand higher than that of the UK.