SINBON Takes the Lead in Sustainable Supply Chain Advancements

In a rapidly evolving world where environmental concerns are at the forefront, SINBON Electronics Co., Ltd. (TWSE#3023) stands out as a leader in the drive towards sustainable supply chains. In light of the ongoing COP30 discussions, SINBON has highlighted its significant strides in environmental initiatives and governance, setting an example for the private sector.

Key Environmental Achievements

SINBON's commitment to reducing its environmental impact is evident in its recent sustainability report. The company has successfully lowered its Scope 1 and 2 greenhouse gas emissions by an impressive 28.8% compared to 2021 levels. Such a reduction not only underscores SINBON's dedication to sustainability but also reflects its proactive approach towards combating climate change.

Moreover, renewable energy has started to play a crucial role in SINBON's operations. In 2024, 9.5% of the company's total electricity consumption was derived from renewable sources, amounting to an impressive 2,682,743 kWh. This achievement was bolstered by SINBON's own 3 MW solar power capacity. Additionally, the company is implementing various energy-saving initiatives, including the optimization of air conditioning systems, which has led to an overall reduction in electricity usage by 715,200 kWh.

Biodiversity Risk Assessments

Continuing its commitment to environmental stewardship, SINBON has completed its first biodiversity risk assessment in accordance with the Taskforce on Nature-related Financial Disclosure (TNFD). This assessment is part of a broader initiative to ensure that supply chains are not only efficient but also ecologically sound, thereby fostering a sustainable environment for future generations.

Governance and Innovation

Governance structures have been integral to SINBON's sustainability strategy. In 2024, the company rolled out its Strategic Plan and Sustainability Goals, reinforcing the governance framework needed for the long-term implementation of environmental, social, and governance (ESG) criteria. This focus on good governance is vital for ensuring that sustainability remains a priority across all operations and engagements.

Investments in research and development also reflect SINBON's commitment to fostering innovation. In 2024, the company allocated $38.47 million (1.24 billion TWD) to R&D, marking a 22% increase from the previous year. These funds are directed towards developing sustainable solutions for customers around the globe, enhancing both SINBON's market position and its ability to deliver environmentally-friendly products.

Responsible Supply Chain Practices

SINBON has taken measurable steps to embody its ESG principles throughout its supply chain. By achieving a 100% sign-off rate on its Supplier Code of Conduct from new suppliers, the company has set a high standard for supplier compliance. Additionally, SINBON maintains a robust supplier satisfaction score of 4.82 out of 5, demonstrating effective collaboration and transparency.

In response to concerns regarding conflict minerals, SINBON has established comprehensive