A Green Partner for the Environment
Climate and sustainability action
Climate change remains a persistent global issue. During the 2021 UN Climate Change Conference (COP26), all countries pledged to continue limiting global warming below a critical 1.5°C. The Taiwanese government has also actively proposed sustainability measures to achieve net-zero emissions by 2050. Additionally, local and foreign investors and stakeholders are concerned about the impacts of climate change on businesses, as well as the risks and opportunities associated with corporate measures to tackle climate change. To mitigate the potential impacts of climate change on our business, since 2021, PChome has applied the Task Force on Climate-related Financial Disclosures (TCFD) created by the Financial Stability Board (FSB) and developed a climate information framework structured around the four major aspects of the TCFD. We also invite various entities to identify PChome’s climate change-related risks and opportunities, so as to develop response measures and management goals based on the outcomes.
With the support of our executives and participation from all departments, we have jointly identified through collaborative discussions the climate change-related physical risks and the transition risks and opportunities that are most relevant to our operations, as well as the potential financial impacts. We have identified several climate-related risks with moderate-to-high impact and incidence rates as follows: extreme precipitation, a higher global average temperature, drought, rising cost of raw materials, as well as impacted company reputation. On the other hand, the climate-related opportunities with moderate-to-high impact and incidence rates include increasing demand for low-carbon/green products, circular economy design, and creation of sustainable supply chains. Going forward, we shall continue our efforts in implementing action plans to combat climate change, with the hopes of mitigating the operational and financial risks of climate change and to seize the opportunities for growth.