Strategies to

climate change

Strategies to climate change

Response to climate change issues calls for long-term monitoring of both our internal and external environments as well as continuous evaluation of YOKE’s adaptability so that we can respond with versatility. And as such, YOKE will integrate climate related issues into its operating strategies to manage relevant issues both qualitatively and quantitatively in accordance with the management’s familiarity with each issue.

With regards to mitigation of climate change, we will continue to analyze and control our internal energy use. Through energy-saving designs implemented at our factories, improved energy utilization and power conservation, we shall proactively achieve our GHG reduction targets and overcome the challenges from climate change. In addition, we will continue to pay close attention to relevant international research reports and industrial trends to analyze the potential risks and opportunities that may arise from climate change. Through the TCFD’s recommended disclosure structure as the framework we incorporate into our operational planning for our internal response and adjustment, we shall contribute to mitigating climate change and adapting to the potential impact that climate changes may bring.

Depending on YOKE’s management experience with responses to climate change, we shall conduct a relevant analysis of responses under the hypothetical scenario of “beyond 2 degrees Celsius” (B2DS). The concept of B2DS was first mentioned in the Energy Technology Perspectives 2017 (ETP 2017) published by the International Energy Agency (IEA) - a self-governed agency operating under the umbrella of the Organization for Economic Co-operation and Development (OECD).

In light of relevant risks and opportunities attributed to climate change over the short, medium and long-term, YOKE will gradually incorporate various risk issues in our operational plans in the future while continuing to pay attention to pertinent government regulations, international trends and practices of benchmark companies. We are scheduled to adopt action plans such as the ISO 50001 management system to implement energy-saving measures so as to mitigate the likelihood of climate change incidents and lessen the potential impacts brought by climate change in 2021.

Risk/Opportunity Type Risk/Opportunity Potential financial impact
Risk Policies and regulations Increased carbon pricing for GHG emission Cost expenditure ⬆︎
Technology Replacement of existing products /services by low-carbon alternatives Operating revenue ⬇︎, capital expenditure ⬆︎
Failure of new technology investment Cost expenditure ⬆︎
Market Increase in raw material costs Cost expenditure ⬆︎, capital expenditure ⬆︎
Uncertainty in market information Operating revenue ⬇︎, Inventory value⬇︎
Change in customer behavior Operating revenue ⬇︎
Reputation Stigmatization of the industry Operating revenue ⬇︎
Shift in consumer preferences Operating revenue ⬇︎
Extreme climate Incidents caused by extreme climates Cost expenditure ⬆︎
Extreme climate patterns Cost expenditure ⬆︎, capital expenditure ⬆︎
Opportunity Resource efficiency Efficient production and distribution processes Operating revenue ⬆︎, Cost expenditure ⬇︎, capital expenditure ⬆︎
Energy source Introduction of new technologies Operating revenue ⬆︎, Cost expenditure ⬇︎, capital expenditure ⬆︎
Market Access to new markets Operating revenue ⬆︎
Tenacity Adopting energy-saving measures Cost expenditure ⬇︎, capital expenditure ⬆︎

After implementing our climate change risk assessment in 2020, we have compiled opinions from relevant supervisors and summarized four key points that will serve as the reference point in our future planning and promotion of climate change adaptation development:

01
Complete our SAP ERP upgrade to a cloud environment for integration into our operating processes, thereby facilitating more efficient operational flow;
02
Capitalize potential opportunities and stay abreast with the latest market trends through our CRM system to mitigate uncertainty in market information;
03
Continue to strengthen our operation management and conduct periodic simulations for specific climate incidents so as to strengthen our operational resilience;
03
Improve material development and product design and achieve green manufacturing and energy conservation through the aspect of reducing material consumption so that as we improve the safety of our products, we will also be able to reduce material use and enhance energy efficiency.
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