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. In 2021, senior executives again evaluated the risks of climate change, identifying the five major risks of increase in raw material costs, the increase in greenhouse gas emission pricing, the cost of low-carbon technology transformation, the strengthening of emission disclosure obligations, and the uncertainty of market information.

未命名-2Identify risk issuesDeterminemajor risksIdentify feasibleopportunitiesDevelop solution or adaptation
Image

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

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

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

After conducting a climate change risk assessment in 2021, we focused our management efforts on five areas: strengthening supply chain management, efficient production and sales processes, developing new low-carbon technologies, implementing carbon emissions inventory and disclosure, and continuing to pay attention to the market demand for carbon management. This helps to strengthen our response and resilience to climate change.

After conducting a climate change risk assessment in 2021, we focused our management efforts on five areas: strengthening supply chain management, efficient production and sales processes, developing new low-carbon technologies, implementing carbon emissions inventory and disclosure, and continuing to pay attention to the market demand for carbon management. This helps to strengthen our response and resilience to climate change.

01
We monitor our supply chain's ability to respond and adapt to climate change, and we continue to promote supplier guidance and cooperation to improve the overall industry structure.
02
Continuously improve the operation process of SAP ERP, strengthen the integration with peripheral systems, and promote high performance operation process.
03
Continuously conduct greenhouse gas inventory and verification, set carbon reduction targets and develop low-carbon technologies to reduce the impact of carbon pricing policies and enhance the resilience of business operations.
03
Through our CRM system, we can explore potential business opportunities and grasp market trends to reduce the uncertainty of market information.

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.

yokelogo3.png

Safety is our first priority and
core CSR value


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

Einfo@mail.yoke.com 
T+886-4-2350-8088

Follow Us

Copyright © 2018 YOKE Industrial Corp.

Design & Development By Chancer

Search

+886-4-2350-8088 

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