In 2024, Phihong continued its comprehensive assessment of greenhouse gas emissions for 2023 across five key sites: the Linkou Headquarters, CHINOVA in Tainan, Dongguan Plant, Taisong Plant (including ZCM), and Haiphong in Vietnam. In May 2024, Phihong officially obtained a verification statement from AFNOR Asia, a French Standards Association, marking a significant milestone in our commitment to sustainable development.
To mitigate the impact of greenhouse gas emissions on global warming, Phihong has conducted a thorough greenhouse gas inventory at major production facilities since 2023, implementing carbon reduction initiatives. Following ISO 14064-1:2018 standards, Phihong produced a greenhouse gas inventory report, identifying direct and indirect emission sources within its operational boundaries to meet the carbon information needs of customers and stakeholders. In 2023, Scope 1 direct greenhouse gas emissions amounted to 727.7034 tons of CO2e, Scope 2 (regional baseline) indirect emissions from energy use totaled 23,853.6698 tons of CO2e, and Scope 3-6 other indirect emissions reached 2,966.0199 tons of CO2e, with an overall emissions total of 27,547.393 tons of CO2e. Notably, the combined Scope 1 and Scope 2 emissions decreased by 4,744 tons of CO2e, representing a 16.18% reduction from the baseline year of 2021, demonstrating Phihong’s commitment to climate change mitigation and sustainable goals.
In response to climate change risks and to ensure alignment with the global 2050 net-zero target, Phihong has established a carbon reduction pathway. In March 2024, Phihong received approval from the Science Based Targets initiative (SBTi) for its carbon reduction goals, which aim for a 42% reduction in absolute Scope 1 and Scope 2 emissions by 2030, compared to the 2021 baseline, and a 51.6% reduction in Scope 3 carbon intensity emissions from the 2022 baseline. Through our group-wide greenhouse gas inventory, Phihong evaluates its emission levels, formulates effective reduction strategies, and demonstrates a firm commitment to achieving net-zero emissions by 2050.
For more details on Phihong Group’s 2023 Greenhouse Gas Verification Statement, please refer to: [Phihong Greenhouse Gas Verification Statement 2023].
