Policy and Commitment
Policy and Commitment
LITE-ON reformulated its low carbon strategy after the Paris Agreement. We use the Recommendations of the Task Force on Climate-Related Financial disclosures, announced by Task Force Climate-Related Financial Disclosures (TCFD) as a reference in the implementation of disclosing climate change information and related risks and opportunities in important business reports. LITE-ONWe make the climate related financial statements as one of the means of stakeholder communication, in support of Carbon Disclosure Project(CDP) and the We Mean Business Coalition's Commit to Action Initiative.
Regarding its commitment to carbon emission reduction targets, LITE-ON formally submits science based targets (SBTs) for the compliance review in 2018 in order to calculate a reasonable carbon emission reduction target for LITE-ON given the Global Carbon Budget. LITE-ON also follows a set of adaptation and mitigation strategies and continues to develop green design, green factory, energy management, and high performance energy creation, conservation, and conversion products and solutions in order to counter the impact and challenges of climate change.
LITE-ON have established clear short-, medium, and long-term environmental management goals for uses of energy and resources and discharge of pollutants. The company makes continuous improvement of its environmental management system with the aim to achieve low pollution, low energy consumption, easy-to-recycle and other environmental friendly goals in product development, production, use, and disposal. LITE-ONThe coverage of environmental information accounts to 92% of the company's total revenue.
LITE-ON's latest environmental management goals, which are those set for 2017 against 2014 as the baseline year, have been completed. Starting in 2018, LITE-ON is going to reset its short-, medium, and long-term environmental management goals. For carbon reduction goals, the company formally submits science based targets (SBTs) for the compliance review to support the effort to keep global warming under 2℃.
LITE-ON has set clear goals on environmental protection and energy conservation, and implemented a number of management practices to address uses of energy and resources and discharge of pollutants. The following is a list of management goals created to address key environmental concerns.