Message from the President
The global sustainability wave has been advancing at an unprecedented pace in recent years. From the European Union's Corporate Sustainability Reporting Directive (CSRD), which mandates the disclosure of ''double materiality,'' to the release of IFRS S1 and S2 by the International Sustainability Standards Board (ISSB), and the widespread adoption of the Task Force on Climate-related Financial Disclosures (TCFD) framework, corporate ESG responsibility is no longer confined to reporting—it now demands fundamental transformation across strategy, operations, and corporate culture.
Amidst this international trend, climate change has evolved from an environmental issue into a financial and governance matter, serving as a litmus test for corporate resilience and competitiveness. BenQ Materials fully understands its responsibilities and mission and continues to strengthen its climate governance. We focus on three main pillars: low-carbon manufacturing, green design, and resource circulation, and we are committed to translating these into concrete actions.
In 2024, we implemented 21 electricity-saving projects and 6 natural gas-saving projects, achieving carbon reduction benefits totaling 1,242 metric tons of CO2e. In terms of energy efficiency, our overall energy intensity decreased by 28.3% compared to the baseline year. Our self-built solar power generation exceeded 3.38 million kWh, and including externally purchased green power, renewable energy accounted for 23.7% of our total energy consumption, steadily progressing toward our RE100 target for 2040. On the production front, we have introduced automation and smart scheduling, significantly improving production efficiency and material utilization rates. We are also continuously upgrading equipment to reduce electricity and natural gas consumption, with further improvements expected to manifest over the coming years. Through these sustained efforts, BenQ Materials has achieved a CDP Climate Change and Water Security rating of ''B,'' demonstrating our capability and determination to align with global standards.
In product development, we are actively promoting low-carbon materials and carbonreduction designs, with several products achieving over 30% reductions in carbon footprints. In response to the EU's PFAS ban and increasingly stringent global chemical management trends, we have proactively adopted non-toxic processes and alternative materials to ensure product compliance and market competitiveness.In response to the call for biodiversity and forest conservation, we are fully incorporating FSC-certified packaging materials and expanding the use of recycled materials. By 2030, we aim to achieve the goal of using low-carbon, eco-friendly, or recycled materials in over 70% of our products across various applications.
Our employees are the primary driving force behind the company's growth, and providing robust support for them is also our responsibility. The company continuously considers employees' needs and has designed a credit-based learning system in alignment with individual development roadmaps, encouraging employees to engage in continuous selflearning and growth within the organization. We have also observed that, with Taiwan's aging population, an increasing number of our colleagues are bearing responsibilities for caring for elderly parents. In response, we provide three days of fully paid long-term care leave annually, allowing employees with such needs to take time off without concern.
In 2024, the global geopolitical landscape and sustainability issues have intertwined, creating turbulent conditions and challenging the consensus around ESG. As a result, global businesses now operate in an increasingly complex decision-making environment. In such uncertain times, we believe that the essence of a corporation lies not only in generating profits but also in creating value for the future. From our foundation in materials science, we seek to connect human well-being with the planet's future. We will continue to deepen our climate risk governance, enhance the efficiency of green manufacturing processes, and expand our strategies for recycled materials and the circular economy, working hand-in-hand with all our colleagues, supply chain partners, and society to cocreate a resilient, inclusive, and prosperous sustainable future.
Chairman and CEO
