Greenhouse gas managementGreenhouse gas management
HFC understands that grasping the completeness and correctness of greenhouse gas emission data is the first step in effective management to cope with climate change. To effectively keep abreast of the impact of climate change on the Company, we took a step ahead of the government’s policy schedule and adopted the international ISO 14064-1:2018 standards in 2021 for the Songjiang headquarters and conducted greenhouse gas inventory in 2020 and 2021. Although HFC is not a largest emitter of carbon dioxide emissions, we still adopted strict standards for self-inspection. In addition to categories 1 and 2 emissions disclosed as mandatorily required, we voluntarily conducted inventory of categories 3 and 4 emissions related to the operations of HFC, and we received the third-party verification of SGS Taiwan. The HFC headquarters was relocated from the Songjiang Office to the Ruiguang Building in April 2022, so we further expanded the boundaries of the inventory to cover the headquarters of the HFC and all operating sites across Taiwan. Moreover, in 2023, we started greenhouse gas inventory for our subsidiaries to keep abreast of the greenhouse gas emissions from the Company’s business activities as a reference for setting future emission reduction targets. In 2023, HFC will set various energy-saving targets based on the greenhouse gas inventory results in 2022 and draw up a net-zero strategic blueprint to move toward the net zero goal by 2050. HFC understands that grasping the completeness and correctness of greenhouse gas emission data is the first step in effective management to cope with climate change. To effectively keep abreast of the impact of climate change on the Company, we took a step ahead of the government’s policy schedule and adopted the international ISO 14064-1:2018 standards in 2021 for the Songjiang headquarters and conducted greenhouse gas inventory in 2020 and 2021. Although HFC is not a largest emitter of carbon dioxide emissions, we still adopted strict standards for self-inspection. In addition to categories 1 and 2 emissions disclosed as mandatorily required, we voluntarily conducted inventory of categories 3 and 4 emissions related to the operations of HFC, and we received the third-party verification of SGS Taiwan. The HFC headquarters was relocated from the Songjiang Office to the Ruiguang Building in April 2022, so we further expanded the boundaries of the inventory to cover the headquarters of the HFC and all operating sites across Taiwan. Moreover, in 2023, we started greenhouse gas inventory for our subsidiaries to keep abreast of the greenhouse gas emissions from the Company’s business activities as a reference for setting future emission reduction targets. In 2023, HFC will set various energy-saving targets based on the greenhouse gas inventory results in 2022 and draw up a net-zero strategic blueprint to move toward the net zero goal by 2050.
HFC greenhouse gas inventory information for the last 2 yearsHFC greenhouse gas inventory information for the last 2 years
- Note 1:
- Scope 1 direct greenhouse gas emissions (category 1): The sources of greenhouse gas emissions that are directly owned or controlled by the Company are mainly gasoline for company cars and refrigerants for air-conditioning systems.
- Scope 2 indirect energy emissions (category 2): Purchased electricity.
- Scope 3 Other indirect emissions (category 3-6): The organization conducts inventory based on the results of significant assessment of its emission sources, including upstream energy sources, business travel (taxi), waste disposal, and tap water.
- Note 2: Intensity (tonnes of CO2e/NTD million) = emissions (tonnes of CO2e)/corporate revenue (NTD million ). The volume of "direct emissions" include Scope 1 emissions, and the emissions of "indirect energy emissions" include Scope 2 emissions.
- Note 3: We adopt the operational control method for the GHG organizational boundary setting method.
- Note 4: Calculation according to the emission factor method: Greenhouse gas emissions = activity data x emission factor x global warming potential (GWP). Global warming potential (GWP) in the "Intergovernmental Panel on Climate Change (IPCC) 2021 AR6" is adopted.
- Note 5: HFC’s subsidiary, Hoing Mobility Service, has also begun the 2023 GHG inventory operation. It is expected to obtain the external inspection statement in the fourth quarter of 2024, and the relevant information will be publicly disclosed on the official website of HFC.
Greenhouse gas reduction goals, strategies, and specific actionsGreenhouse gas reduction goals, strategies, and specific actions
Responding to the Hotai Group's "2050 Carbon Neutral" goal as a sustainable vision, HFC has been tracking greenhouse gas emissions and set up an environmental policy statement. To realize the goal of sustainable environment, we actively develop green finance and green energy on the basis of our core business in line with international trends and standards. Based on ISO 14064-1 inventory results, we regularly track emission hotspots, review and adjust management actions on a rolling basis, establish an EMS information system, implement an environmental culture, and disclose information to the public. According to the scientific quantitative data of ISO 14064-1 greenhouse gas inventory and the characteristics of our industry, the hotspots of energy consumption are "gasoline in Scope 1, electricity in Scope 2, and water and waste treatment in Scope 3".Responding to the Hotai Group's "2050 Carbon Neutral" goal as a sustainable vision, HFC has been tracking greenhouse gas emissions and set up an environmental policy statement. To realize the goal of sustainable environment, we actively develop green finance and green energy on the basis of our core business in line with international trends and standards. Based on ISO 14064-1 inventory results, we regularly track emission hotspots, review and adjust management actions on a rolling basis, establish an EMS information system, implement an environmental culture, and disclose information to the public. According to the scientific quantitative data of ISO 14064-1 greenhouse gas inventory and the characteristics of our industry, the hotspots of energy consumption are "gasoline in Scope 1, electricity in Scope 2, and water and waste treatment in Scope 3".
