Generation mix transformation: USI completed phase I of the offsite renewable energy investment project.

In July 2021, we completed the investment in two rooftop PV sites in central Taiwan with the output capacity of about 4MW, marking the achievements in the phase I of USI’s investment in offsite renewable energy projects. Preliminary estimation shows that the project will generate green electricity of about 100GWh in the next 20 years to reduce carbon by about 50,000t CO2e, equivalent to the annual reduction capacity of over 120 Daan Forest Park.

We always emphasize and practice energy conservation and carbon reduction. USI Corporation, our affiliate, has spared no efforts in mitigating the greenhouse gases (GHG) produced from operations. In the improvement of volatile organic compounds (VOCs), we have invested over NT$640 million over the years to reduce VOCs by 26.8% in total. In 2020, we completed six improvement projects for energy conservation and carbon reduction to save electricity by 4,220,665 kWh in total to reduce carbon by about 2,148t CO2e. In 2019, we received the guidance from the Industrial Development Bureau (IDB), completed the establishment of the ISO 50001:2018 energy management system (EnMS), and were selected as a demonstration plant. Continuing the past success, in 2020 we completed IDB’s Factory Smart Energy Management Demonstration Guidance Program and were selected as a program demonstration plant again, so that we could share our past successes in energy conservation promotion with different industries.

The government established the new energy policy a few years ago to raise the proportion of electricity generation by renewable energy to 20% and PV installed capacity to 20GW in 2025. In addition to achieving the group’s own energy conservation and carbon reduction targets, we also actively responded to the government’s renewable energy policy. Despite the limitations from the high safety standards on chemical compounds, we have built PV generation equipment with capacity over 8MW over the last few years after the constant inventory and full investigation of rooftops at USI plants.

In addition, after identifying the transition risks and physical risks in business transformation and investigating the emerging opportunities from climate change with reference to the Task Force on Climate-related Financial Disclosures (TCFD), we identified 8 major risks and 10 major opportunities. In 2020, we further differentiated them by the time of occurrence. In the future, we will review the countermeasures every year to develop a resilient climate change culture.