Greenhouse Gas (GHG) Inventory • GHG Protocol • EU CBAM Declaration • Product Carbon Footprint (PCF) Report • ESG Sustainability Report / IFRS (S1, S2
The international net-zero initiative mainly includes RE100, EP100, EV100, and B corporations, with their respective priorities and goals as described below
RE100
goal: Achieve 100% renewable energy use by 2050.
Key Points: Encourage companies to commit to renewable energy sources to reduce dependence on fossil fuels and reduce greenhouse gas emissions, promoting energy transition.
Taiwanese participating companies: including Dajiang Biomedical, Jin Yuanfu, O-Lead, TSMC, Taiwan Mobile, Delta, Grape King, UMC, ASUS, Meilu Industrial, AUO Optoelectronics, Sami La Biotechnology, etc.
EP100
goal: Improve energy efficiency to 100%.
Key Points: Reduce energy consumption and reduce greenhouse gas emissions by improving energy efficiency, supporting companies to achieve greener operating models.
Taiwan joins the company: Dajiang Biomedical, Keyi Research and Development.
EV100
goal: Achieve full electrification of transportation vehicles by 2030.
Focus: Promote the use of electric vehicles by companies to reduce the environmental impact of transportation and promote the low-carbon transformation of transportation.
Taiwan joined the company: Delta, etc.
Corporate B
Goals: Achieve a positive impact on society and the environment through business activities.
Key points: Emphasize that while pursuing profits, enterprises should also assume social responsibility and environmental protection responsibilities, promoting enterprises to achieve more comprehensive sustainable development.
Taiwanese participating companies: Green Vine Vitality, Tea Seed Hall, Meike Industrial, Fresh Milk Factory, Wang Dao Bank, Bozhong Law Firm, Printing Music, etc.
These initiatives reflect the company's commitment to sustainable development and environmental protection, not only helping to enhance their environmental responsibility but also helping them establish a more positive brand image in the global market. By joining these initiatives, companies can demonstrate their positive attitude towards climate change and demonstrate their position as industry leaders internationally.
Companies in Taiwan that have joined international initiatives (only partial)/Sources/Bu-Jhen Low Carbon Strategy
SBTI, CDP, RE100, EP100, EV100 What are the respective purposes of these international initiatives? What are the differences between them?
I. The terms
SBTI (Science-Based Targets Initiative), CDP (Carbon Disclosure Project), RE100 (100% Renewable Energy Commitment), EP100 (Energy Production Efficiency Commitment), and EV100 (100% Electric Vehicle Commitment) are five important international initiatives. They have unique goals and approaches to driving corporate sustainability. Here's a detailed analysis of these initiatives:
1. SBTI (Science-Based Targets Initiative ):
Definition:SBTIs aim to assist companies in setting science-based benchmarks to ensure that their greenhouse gas emission reduction targets align with global climate goals, particularly the Paris Agreement.
Methodology: Determine a company's greenhouse gas emission reduction targets through scientific methods, often linked to global carbon budgets.
Focus: Focus on the scientific and sustainable nature of carbon reduction targets.
2. CDP (Carbon Disclosure Project)
Definition: CDP is a global initiative that promotes climate-related disclosures for companies and cities, promoting companies to reduce greenhouse gas emissions by providing transparent information.
Method: Require companies to disclose their carbon footprint, climate strategies, and corresponding risk management.
Key Points: Emphasize transparency and encourage companies to make comprehensive disclosures about climate-related information.
3. RE100 (100% Renewable Energy Commitment)
Definition: RE100 aims to encourage companies to fully switch to 100% renewable energy to reduce their reliance on fossil fuels.
Method: Companies need to publicly announce their goals and plans for 100% renewable energy, which usually include purchasing renewable energy and owning renewable energy projects.
Focus: Focus on the company's goal of achieving 100% renewable energy.
4. EP100 (Energy Production Efficiency Commitment)
Definition: EP100 aims to encourage businesses to improve energy efficiency, achieving more value while reducing energy consumption.
Method: Businesses need to publicly announce their energy efficiency goals and plans, often including technological innovation, energy management, and waste reduction.
Focus: Highlight practical measures to improve energy efficiency.
5.EV100 (100% Commitment to Electric Vehicles)
Definition: EV100 aims to drive businesses towards their overall transportation sector transition to electric vehicles, reducing transportation's contribution to carbon emissions.
Method: Companies need to publicly announce their goals and plans to switch to electric vehicles, often including expanding their electric vehicle fleets and supporting corresponding infrastructure construction.
Focus: Focus on the promotion of electric vehicles in the transportation sector.
II. Comparison and Difference:
1. Goal differences:
SBTIs focus on scientific benchmarks for carbon reduction, ensuring that companies' targets align with global climate goals. ·
CDP emphasizes transparency, encouraging companies to disclose climate-related information and reduce carbon emissions.
RE100 focuses on achieving the goal of 100% renewable energy, reducing reliance on fossil fuels.
The EP100 focuses on improving energy efficiency, achieving the same or more value while reducing energy consumption.
The EV100 focuses on driving the transportation sector towards electric vehicles, reducing the impact of transportation on carbon emissions.
2. Method Differences:
The SBTI uses scientific methods to determine greenhouse gas reduction targets.
CDPs require companies to disclose their carbon footprints, climate strategies, and risk management.
RE100 includes the purchase and development of renewable energy projects.
The EP100 emphasizes technological innovation, energy management, and waste reduction.
The EV100 involves expanding the EV fleet and the corresponding infrastructure development.
3. Scope and Impact:
SBTIs influence a company's overall carbon reduction strategy.
CDPs impact carbon disclosure transparency for businesses, improving risk management and sustainability.
RE100 influences corporate energy procurement strategies, driving a shift towards renewable energy sources.
EP100 influences energy management and efficiency measures within businesses.
The EV100 impacts EV adoption and corresponding infrastructure in the corporate transportation sector.
4. Timeframe and Implementation Progress: ·
SBTI's science-based benchmarks require companies to set quantifiable emissions reduction targets in the short, medium to long term.
CDP's disclosure program is typically annual and reflects a company's carbon disclosures and climate-related actions.
The goals of RE100 may have different implementation deadlines, depending on the company's development plans.
EP100 emphasizes practical efficiency improvements, with processes likely to be gradual over time.
The EV100 push could take years, particularly in terms of transforming vehicle structures and infrastructure in the transportation sector.
5. Industry Applicability:
SBTIs are applicable to various industries, especially energy-intensive industries that need to be mindful of carbon emissions.
CDPs are available to all businesses and have universal value for promoting climate transparency.
RE100 is suitable for various industries and is more suitable for energy-intensive industries such as technology, manufacturing, and information technology.
The EP100 is suitable for various industries, particularly production-oriented businesses focused on energy efficiency.
The EV100 primarily impacts transportation, logistics, and related industries, involving the use and development of electric vehicles.
6. Risk Management and Opportunities:
SBTIs help businesses better manage their carbon emissions risks while providing opportunities to transition to low-carbon businesses.
CDPs help businesses identify and address climate-related risks by increasing transparency.
RE100 offers the opportunity to switch to renewable energy sources while reducing the risk of fluctuations in energy prices.
EP100 helps businesses improve energy efficiency and reduce the impact of energy price fluctuations.
The EV100 offers an opportunity to participate in the electric vehicle market while mitigating the risks associated with traditional fuels.
Each of these international initiatives has unique roles and values in the fields of climate action, carbon disclosure, renewable energy, energy production efficiency, and electric vehicles. Companies can choose to participate in corresponding initiatives based on their business needs and development directions to achieve sustainable development goals. At the same time, the integration of these initiatives should be regarded as a comprehensive strategy to enhance the overall sustainability performance of enterprises.
7. International Cooperation and Standardization: · SBTI collaborates with global climate science bodies to ensure that scientific benchmarks align with global climate goals, contributing to the development of standardized emission reduction targets.
CDP serves as a global disclosure platform, prompting companies to use uniform carbon disclosure standards globally, improving the level of standardization.
RE100 helps drive standardized renewable energy purchasing and certification mechanisms by supporting companies in achieving 100% renewable energy targets globally.
The EP100 emphasizes standards for improving energy efficiency, helping to establish common standards for energy efficiency assessments.
The EV100 promotes the development of electric vehicles and promotes the development of relevant standards and international cooperation.
8. Government Cooperation and Regulatory Compliance:
SBTIs collaborate with governments and international bodies to ensure that businesses' scientific benchmarks align with local and global regulations and policies.
CDP's disclosure program encourages companies to comply with corresponding disclosure regulations and collaborates with governments to promote stricter carbon disclosure requirements.
RE100 requires companies to collaborate with local governments, especially in promoting renewable energy projects and providing corresponding policy support.
EP100 requires businesses to collaborate with local governments to promote appropriate energy efficiency regulations and standards.
The implementation of EV100 may require collaboration with the government, particularly in infrastructure construction and electric vehicle promotion.
9. Investor and Market Recognition:
SBTI participation helps companies build trust with investors and the market, demonstrating their awareness and response to climate risks.
CDP's disclosure program enhances transparency for businesses and helps meet investor demand for climate-related information.
The RE100 renewable energy target aligns with the market's demand for clean energy, enhancing the company's competitiveness in the sustainable market.
The participation of EP100 demonstrates a commitment to energy efficiency, helping to meet investor expectations for sustainable operations.
The EV100 push helps companies establish a leading position in the electric vehicle market, aligning with the market's demand for clean transportation.
Each of these international initiatives has a unique positioning and influence in promoting corporate sustainability. Participating in these initiatives can achieve positive social and environmental impact in areas such as climate action, energy efficiency, renewable energy, and clean transportation, while enhancing their own sustainability competitiveness in the global market. The integration of these initiatives should be considered as part of a corporate sustainability strategy to address the growing challenges of climate change and social sustainability.