3-2 Climate Change and Greenhouse Gas Management
Climate Risk and Opportunity Management
As the climate crisis becomes more severe, governments around the world have successively introduced mandatory regulations in response to related climate risks, the Task Force on Climate-related Financial Disclosure, (TCFD) framework to analyze the financial impact of climate risks and opportunities of enterprises.
In response to the trend of international climate change information disclosure, the Financial Supervisory Commission of Taiwan continues to promote the sustainable development blueprint of Taiwanese companies, and standardize that companies should follow the TCFD framework to disclose climate-related financial impact information. In order to comply with international trends and regulatory requirements, and deepen the company's climate governance, Novatech follows the Task Force on Climate-related Financial Disclosures (TCFD) framework in 2022 to analyze the risks and opportunities brought by climate change to Novatech. Based on the identified key climate risks and opportunities, we analyze the financial impact in different climate scenarios and formulate response strategies and management goals to enhance Novatech's climate governance capabilities and resilience, and look forward to mitigating the operational impact of carbon reduction transformation and physical disasters on Novatech.
I. Governance
The Board of Directors is the highest supervisory unit of Novatech's climate change governance and is responsible for supervising the control measures formulated by the Sustainable Development Promotion Taskforce. The Sustainable Development Promotion Taskforce convenes various coordination teams to identify climate-related risks and opportunities, and further develops strategies and management goals for key climate risks and opportunities. After the Sustainable Development Promotion Taskforce completes the climate risk and opportunity identification and management strategy goals every year, the relevant implementation results will be submitted to the Board of Directors, and the Board of Directors will supervise
the relevant implementation results.
II. Strategy and Risk Management
Novatech's Response and Management of Critical Climate Risks and Opportunities
Novatech's Response and Management of Critical Climate Risks and Opportunities
III. Indicators and Goals
Novatech hopes that both our operations and our customers can successfully transform under climate change and implement sustainable development and corporate social responsibility. In order to regularly review the response to climate risks and opportunities, Novatech has set relevant indicators and goals so that the Sustainable Development Promotion Taskforce can review the results of the implementation of control measures and track the achievement of each year for the Board of Directors to supervise.
Greenhouse Gas Inventory
As the problem of climate change becomes more and more serious, Novatech needs to actively respond to it in order to reduce its impact on itself and the environment. Although Novatech is not a registered under the greenhouse gas control, Novatech conducts its own greenhouse gas inventory so that it can understand its responsibilities and risks on climate change issues. According to the ISO 14064-1 Specification with guidance at the organization level for quantification and reporting of greenhouse gas emissions and removals, Novatech uses the operational control approach to conduct greenhouse gas inventory and conducts an importance assessment based on the principle of significance. The results show that Category 2 (scope 2), Category 3 (scope 3), and Category 4 (scope 4) are indirect greenhouse gas emissions of great significance. Among them, direct greenhouse gas emissions (Category 1) were 70.0824 metric tons of CO2e (accounting for 21.84%); Category 2 (scope 2) emissions were 90.1836 metric tons of CO2e (accounting for 28.11%), Category 3 (scope 3) was 129.8285 metric tons of CO2e (accounting for 40.46%), Category 4 (scope 3) was 30.7711 metric tons of CO2e (accounting for 9.59%), totaling a total of 320.8656 metric tons of CO2e.
Novatech Greenhouse Gas Inventory and Analysis
Novatech Office Energy Saving and Carbon Reduction Code of Practice
