Net-Zero Emissions Declaration
Facing the challenge of global climate change, Taiwan Chemical Industry Association (TCIA) needs to fulfill its obligations as a global citizen and make a solid contribution to the global sustainable development. As such, TCIA will integrate the technologies and resources of its members to promote the net zero emission, in alliance with industries, government and society, towards Taiwan’s goal of net-zero emissions in 2050.
TCIA, together with its members, is here to make three commitments below:
TCIA promises to fulfill its responsibility to protect the earth, comply with the “Paris Agreement”, cooperate with TCIA members to implement the United Nations’ “Climate Action”, develop the advanced low-carbon / negative-carbon technologies, protect the ecological environment, and achieve the goal of net-zero emissions by 2050 as well as take action to control the global warming within 1.5°C;
TCIA promises to follow the framework of the National Development Council’s “Taiwan 2050 Net-Zero Emissions Pathway”, integrates the resources of industries, government, academia and research institutes to assist TCIA members in order to develop the solutions of net-zero emissions, such as process innovation, energy transition, circular economy, hydrogen energy technologies, carbon dioxide capture & materials synthesis, and other negative carbon technologies;
TCIA is committed to bridge Taiwan’s chemical industry and the society, and align with the international net-zero emission strategies. TCIA will introduce the advanced compliances and technologies, link the mid/downstream industries, and build net-zero emission industrial ecological chains. TCIA will also promote the emission disclosure mechanism in Taiwan’s chemical industry, and proactively provide the public with the updated emissions information. It is TCIA’s social responsibility to establish the basis for social dialogues with accurate information.
Everlight Chemical agrees with the above commitments and is willing to work with TCIA to achieve net zero emissions by 2050, and is committed to conduct the required best practices.
Assessing Climate-Related Risks and Opportunities
In response to global trends in climate change, Everlight has started to conduct assessments of climate-related risks and opportunities according to the Task Force on Climate-related Financial Disclosures (TCFD) framework established by Financial Stability Board (FSB). Based on these assessments, we have formulated adaptation strategies for different types of impact.
Identification, Assessment and Management of Climate-Related Risks
Our risk identification process includes the following steps:
The Climate Change Working Group under the ESG Committee identifies and evaluates transition risks. Results of assessment are reported through administrative channels for further discussions and responses. The Risk Management Committee oversees the effectiveness of all mitigation and adaptation plans for climate-related risks.