TCI’s Attendance at 2019 CDP Taiwan: Action Plans for Sourcing Renewable Energy

The BCSD-Taiwan invited TCI’s CSR Committee to attend 2019 CDP Taiwan Information Session and share the journey of being named in RE100 and the experience of promoting RE100 on April 21, 2019.。

Remi Lee, the Chief Sustainability Officer of TCI, joined as a keynote speaker. TCI believes “green industry” and “sustainability” are definitely the essentials of competitiveness in the future.

Since 2016, TCI has been carrying out the provisions formulated in the Paris Agreement and set “±2oC” as the goal for carbon reduction. We implemented 1MW solar panel array and 0.9 GWh of renewable electricity can be generated each year in the Rock Park of Precise iManufacturing Center, Pingtung. In addition, we built the first environment-friendly facial mask factory in Taiwan with LEED Silver Certification from the U.S. Green Building Council (USGBC). The carbon emissions from the Functional Beverage Factory and the Dietary Supplement Factory (S5 and S9) and the Eco Facial Mask Factory (S11) in the Rock Park were offset and neutralized by buying carbon credits in compliance with the standards of Voluntary Emission Reductions (VERs) and the Gold Standard set forth in the Kyoto Protocol to achieve carbon neutrality.

In 2017, TCI had become the first company in Taiwan listed in RE100 members, and we committed to the course of action: we will source 100% renewable energy for our global operation by 2030.

During the process of estimation, we analyzed the rates of feed-in tariff (FIT) and the cost of solar panels, and incorporated the power generation efficiency of solar plants adopting the principle of self-supply into calculations. Based on the analysis report, we implemented the trio of procurement projects on renewable energy. That is, we will achieve the goal of RE100 by leveraging three strategies: self-supply, Renewable Energy Certificate (REC), and Power Purchase Agreements (PPAs). The percentage of each strategy depends on the course.

TCI takes “Join and Delight Consumer’s Life” as our core responsibility, and believes green industry and sustainability are the certain competitive edges. In the future, TCI will go further and set the IPCC’s “Global Warming of 1.5°C” as our goal of emissions reduction to develop the green supply chain and scale up our energy conversion efficiency and energy productivity. Our ambition is not only to build a point-to-point energy-saving/carbon-reducing mechanism, but also to have an integrative network for energy saving and emissions reduction which will motivate the formation of a low-carbon society.

# Carbon Disclosure Project (CDP) is launched by major institutional investors across the world including HSBC and UBS, etc. The assets of these institutions are over 95 trillion USD. The aim of CDP is to incorporate climate change-related information into business and investment strategies, and further facilitate the progress of solutions to climate change. All of the top financial institutions in the world including HSBC, ABN AMRO, Deutsche Bank, ING Group, Allianz, AIG, Merrill Lynch, and Franklin Templeton Investments are the founders of CDP.

# RE100 is a global, collaborative initiative launched in 2014 by The Climate Group in partnership with the Carbon Disclosure Project (CDP). All business members of RE100 have to commit to sourcing 100% renewable energy with a concrete timeline.

# TCI is the first company in Taiwan listed in RE100 members and is running neck and neck with those giants such as Google, IKEA, and Apple on the journey of sustainability.

# IPCC, the Intergovernmental Panel on Climate Change.

# Global Warming of 1.5°C, the IPCC limits global warming to 1.5°C above pre-industrial levels.