Chicony Group Commits to Paris Agreement, Joins RE100

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by KnowESG
KnowESG_Chicony Group Commits to Paris Agreement, Joins RE100
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The renowned manufacturer Chicony Group, known globally for its production of keyboards, AI image technology, and power supplies, has made a significant announcement.

Chicony Electronics, along with its affiliated entities, including Chicony Power and XAVi Technologies, has responded to the imperatives of the Paris Climate Agreement.

In a decisive step towards achieving the critical objective of limiting global temperature rise to 1.5°C, the group has united under the banner of Chicony Electronics Group to join the RE100 initiative—an international campaign for renewable electricity.

As part of this commitment, they have pledged to adopt renewable electricity comprehensively, to attain Scope 2 carbon neutrality across their headquarters in Taiwan and global operations by 2030.

In its capacity as a prominent leader in the electronics sector, Chicony Electronics remains steadfast in its pursuit of business growth, revenue expansion, and profit enhancement.

Acknowledging the profound consequences of climate change, the company's Board of Directors stands in strong support of climate action aligned with the Sustainable Development Goals (SDGs).

With this sentiment in mind, Chicony Electronics established the Corporate Sustainability Committee in 2021, taking on the responsibility of overseeing climate governance. In conformity with the latest ISO 14064:2018 greenhouse gas inventory standards, the company successfully completed the verification of its six major bases and became a part of the Science Based Targets Initiative (SBTi).

In August 2022, the company successfully passed the SBTi's review of its 1.5°C reduction scenario target.

Building upon its 2020 baseline, Chicony Electronics has set forth ambitious goals for the reduction of Scope 1 and Scope 2 carbon emissions by 42%, carbon intensity by 56.8%, Scope 3 carbon emissions by 25%, and carbon intensity by 44.2% by 2030.

The implementation of the Task Force on Climate-related Financial Disclosures (TCFD) ensures regular updates on climate change risk and opportunity management, establishing a comprehensive climate risk management and communication framework.

The adoption of renewable energy by Chicony Group saw an increase from 7.76% of electricity consumption in 2021 to 13.55% in 2022. Simultaneously, the company has been proactive in energy conservation and carbon reduction, achieving a total power saving of 9,335 MWh across its plants in 2022.

To amplify the utilisation of renewable energy, overseas plants are in the process of procuring 16,090 MWh of I-REC in 2022. Additionally, each plant is actively installing solar panels, with completion expected between the end of 2023 and the end of 2024.

This initiative will culminate in the Group's solar panel installation capacity reaching 10,945 kW. Following its accession to RE100, Chicony Group envisions reaching 50% renewable energy usage by 2026 and a full 100% by 2030.

Chairman Hsu Kun-Tai of Chicony Electronics emphasised that the company's four-decade legacy fuels its dedication to curbing global temperature increases through tangible carbon reduction endeavours, thereby contributing to worldwide sustainable development.

To achieve complete reliance on renewable energy by 2030, the company has formulated short-term, medium-term, and long-term implementation strategies for each of its plants. Furthermore, plans are underway to establish a comprehensive carbon management system platform, enhancing carbon management data precision and collection efficiency.

This endeavour, coupled with the establishment of greenhouse gas emission reduction targets, accelerates the journey towards achieving net-zero emissions by 2050. The ultimate aspiration is to become a reliable, esteemed, and sustainable partner for global clients.

Sam Kimmins, Director of Energy at Climate Group, commended Chicony Electronics' commitment to achieving 100% renewable electricity by 2030, citing it as a testament to their leadership in the realm of energy transition.

He urged other major enterprises to join the ranks of the RE100 initiative, highlighting the collective influence of RE100 members in driving positive change.

RE100, a global movement spearheaded by the Climate Group, unites influential businesses with the common goal of adopting 100% renewable electricity. This initiative, established in collaboration with CDP, boasts a membership exceeding 400 entities, ranging from household names to critical infrastructure providers and heavy industry suppliers.

Cumulatively representing over US$6.6 trillion in revenue, RE100 members account for 1.5% of worldwide electricity consumption—an annual demand surpassing even that of the UK.

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Source: Chicony Group

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