for climate change

Risk assessment

Risk assessment for climate change

By referring to the recommended content for climate-related financial disclosure, we have conducted a three-dimensional quantitative assessment of our potential vulnerabilities, impacts and the likelihood of occurrence for each risk before classifying and ranking the risks based on the results of the analysis, thereby allowing us to identify potential opportunities and how we ought to respond.

未命名-1Identify risk issuesIdentify feasible opportunitiesDetermine major risksDevelop solution for adaptationStep 1Step 2Step 3Step 4

After we have strengthened the management’s awareness for climate change issues in 2020, the results of our re-investigation into climate change risks revealed 7 primary risks (i.e. physical risks of incidents caused by extreme climates and extreme climate patterns, increase in raw material costs, replacement of existing products/services by low-carbon alternatives, increased carbon pricing for GHG emission, change in customer behavior and shift in consumer preferences) and 3 secondary risks of stigmatization of the industry, uncertainty in market information and failure of new technology investment. Summarizing the evaluation of supervisors involved in the analysis, we have identified efficient production and distribution flows, use of new technology, access to new markets and adoption of energy-saving measures to be our main opportunities in strengthening our response to climate change.

YOKE shall conduct further analysis on various risks and opportunities to formulate response strategies at the next level while striving for more extensive information disclosure that includes the potential financial impact that relevant risks and opportunities may have on our operation, revenues and expenditures.

Note: Potential vulnerability: YOKE’s preparedness or adaptability to this risk (along the X-axis, greater indicates lower preparedness and adaptability)

Potential impact: the degree of operational impact on YOKE when this risk occurs (along the Y-axis, greater indicates the higher impact on operation)

Probability of occurrence: the likelihood of this risk occurring within ten years (the size of the bubble is directly proportional to the chance of occurrence)


Safety is our first priority and
core CSR value

39, 33rd Road, Taichung Industrial Park, Taichung 407, Taiwan 

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#39, 33rd Road,Taichung Industrial Park, Taichung 407, Taiwan