Society Responsibility

1.Greenhouse Gas Inventory(ISO 14064)

Global warming and climate change are caused by excessive human use of fossil fuels, such as coal and oil, which produce large amounts of carbon dioxide and other greenhouse gases. Since the 21st century, the most serious anomaly in the global ecosystem has been the rapid deterioration of the environment, among which the most serious is the climate anomaly caused by global warming, which has brought about continuous wind and flood disasters, land desertification and other problems.

Therefore, advanced countries around the world have begun to promote directions and measures to reduce greenhouse gases. In recent years, countries around the world have reached a consensus on greenhouse gas emission control. Thinking Electronic Industrial Co., Ltd. (hereinafter referred to as Thinking) has also promoted greenhouse gas inventory operations since August 2009, established the company's greenhouse gas inventory management system and conducted inventory to understand the actual greenhouse gas emissions, and finally formulated improvement measures to achieve the goal of greenhouse gas reduction.

2.Greenhouse Gas Inventory Process

3.Emission Boundary

Our company follows the ISO 14064:2006 standard for greenhouse gas inventory, reporting, and quantification. Using our organizational boundaries as the scope, we establish boundaries for organizational and operational emissions.

4.Inventory Results

Xingqin Electronics has selected 2017 as the baseline year for greenhouse gas inventory and has been conducting annual inventories since 2018 to accurately track emissions. We aim to achieve goals such as resource efficiency, energy conservation, carbon reduction, and industrial waste reduction, thereby progressing towards a low-carbon economy and society.

Our inventory results indicate that the main sources of greenhouse gas emissions are electricity consumption by various equipment in the factory and mobile machinery or vehicles, among others. Therefore, our greenhouse gas reduction plan will focus on 1. improving equipment efficiency and 2. promoting energy conservation to reduce greenhouse gas emissions.

In the fiscal year 2023, the total greenhouse gas emissions of our company and its subsidiaries amounted to 49,759.51 metric tons CO₂e, mainly from Scope 2 indirect electricity consumption emissions, accounting for approximately 95% of the total emissions. The total greenhouse gas emissions for fiscal year 2023 decreased by 5,993.7 metric tons CO₂e compared to fiscal year 2022, primarily due to the reduction in electricity consumption from energy-saving policies. Continuous reduction and emission reduction measures for fiscal year 2023 include updates to exhaust ventilation systems, upgrades to air conditioning system chillers, updates to air compressor equipment, and energy-saving designs, aiming to achieve ongoing energy-saving and carbon reduction performance.

Furthermore, in response to climate change and to promote sustainable operations, our company will continue to negotiate the purchase of renewable energy and invest in the development of energy-saving products. We aim to achieve the goal of '100% use of green electricity at office locations and 20% of electricity consumption from renewable energy at production facilities' in the future."