INTERNATIONAL INITIATIVE
International Initiative
Primax actively engage in domestic and international initiatives and organizations related to sustainability. Simultaneously, we participate in the CDP (Carbon Disclosure Project) and the S&P Global Corporate Sustainability Assessment to assess internal measures, ensuring ongoing enhancement of our company's sustainability practices and performance.
Sustainability Strategy Goals
In 2022, in the spirit of P.R.I.MAX, we will first formulate an ESG strategy blueprint of Primax to correspond to seven United Nations Sustainable Development Goals (SDGs) and plan to carry out corresponding action plans under this blueprint, while setting performance indicators for each responsible unit based on the blueprint, to allow ESG to be part the Company’s operations, thereby achieving sustainable development.
Primax Sustainability Goals
Setting 2022 as the base year to 2030, we have divided our sustainability strategy into three main dimensions and eight strategic perspectives. Under these eight facets, we have formulated 29 specific sub-goals, with each goal clearly defining its scope to ensure accurate evaluation of implementation effectiveness.
6 items Preservation Maximum
- Broadest management scope.
- Encompasses the entire Primax global group, including PMX & TYM and subsidiary companies within the consolidated financial statements, including MX.
7 items Responsibility Maximum
- Most in-depth management scope.
- Integrating smart manufacturing with sustainable performance to enhance Primax's sustainable business management.
16 items Intelligence & Inclusion Maximum
- Managing the most extensive departments.
- Covering the most departments, including HR (Human Resources), R&D (Research and Development), IP (Intellectual Property), and social welfare.
Joining RE100
Primax joins (April 29, 2022) RE100 with aims of using 100% renewable energy for its global operations by 2040. In addition, Primax has pledged to achieve carbon neutrality by 2040, a decade earlier than called for in the Paris Climate Agreement, and is fully committed to emissions reduction consistent with limiting global warming to 1.5°C.
In efforts to reduce its environmental footprint, Primax has laid out stringent targets and deadlines for production and operations, as all seven manufacturing sites are certified by ISO14001 for environment management, ISO5001 for energy management, ISO14046 for water footprint and ISO14064-1 for greenhouse gas emissions and removal.
Climate change is the defining crisis of our time, and we must accelerate planning and targets needed to address it. Joining RE 100 is a milestone and declaration of Primax’s commitment to achieve carbon neutrality. The next phase would develop eco-designs and green manufacturing, and cooperate with supply chains to collectively tackle the climate change issues.
TCFD
In the face of global warming, extreme climates and in response to rising awareness of environmental protection, energy efficiency, health and safety and conservation, the Company refers to the Task Force on Climate-Related Financial Disclosures framework to establish a risk framework according to the four core elements for TCFD reporting (i.e., "Governance" ,"Strategy", "Risk management", and "Metrics and targets"), identify material risks and opportunities for operation and develop corresponding strategies.
Other International Initiatives
