The Secrets Behind Delta Electronics’ Success in Climate Change and Water Security

Delta Electronics, Inc., a global provider of internet of things-based smart green solutions, has achieved double “A” scores in the 2023 Climate Change and Water Security reports of the Carbon Disclosure Project (CDP) for the third time. This year’s double “A” score was granted to only 61 companies out of over 21,000 worldwide based on their superior contribution to climate change and water security challenges.

Delta’s recent key climate change and water security endeavors include: the implementation of an internal carbon pricing (ICP) mechanism since 2021 to accelerate carbon reduction initiatives, the successful 13.5% year-over-year (YoY) reduction in its Scope 1 and 2 greenhouse gas (GHG) emissions, the increase in the proportion of renewable electricity used in its global operations to 63%, and the reduction in its water withdrawal and water discharge by over 4% YoY.

Jesse Chou, Delta’s Chief Sustainability Officer, said, “CDP honoring Delta’s climate change and water security endeavors with top scores for the third time is a major milestone for us. In 2023, Delta became a member of The Taskforce on Nature-related Financial Disclosures (TNFD) Forum and completed the first biodiversity risk assessment of Delta’s sites. In January of this year, Delta also became an early TNFD adopter. Externally, we have incorporated our climate transition plan into our Annual Shareholders’ Meeting and quarterly investor conferences agendas. Internally, we have completed a GHG inventory for 15 categories under Scope 3 to identify key areas for future emissions reduction. Hence, we look forward to collaborating closely with our value chain partners to achieve our ultimate Net-zero SBT goal by 2050.”

Delta has been actively implementing climate change governance. Since 2021, Delta has included the achievement of its percentage of renewable electricity in its senior executive performance indicators. Delta estimates it surpassed its 2023 renewable electricity usage target, reaching over 70% in its global operations comes from renewable sources, with the respective figure exceeding 80% in its Taiwan operations. In 2021, Delta also implemented an ICP scheme of US$300 per metric ton of CO2 emissions, which is invested in energy-saving and carbon reduction projects, as well as in the development of carbon-negative technologies and low-carbon innovation, contributing to the company’s progress toward RE100 and Net-zero SBT.

In terms of biodiversity, Delta has collaborated with the National Museum of Marine Science & Technology to establish the Asia’s first zero-carbon coral conservation center. Through the Task Force on Climate-related Financial Disclosures (TCFD) framework, Delta assesses climate change risks and opportunities, translating them into operational strategies and actively exploring green opportunities such as electric vehicles, energy storage, and hydrogen energy.

Regarding water security management, although Delta is not a heavy water user, the Company has established strategic goals and methodologies, implementing them in daily operations. Delta strengthens the resilience of regional water resources and reduces the impact of water pollution while assisting high-risk suppliers in making improvements. The Delta Foundation also recently screened Delta’s marine environmental documentaries “The Birth” and “Life in the Coral Reefs” at the COP26 United Nations official negotiating area to raise public awareness of the impact of climate change on the oceans and expand corporate influence.

The following table summarizes some of the key indicators and achievements of Delta’s climate change and water security performance in 2023:

Table

Indicator Unit 2023 Value Target
Scope 1 and 2 GHG emissions Metric tons of CO2e 1,021,000 Reduce by 50% by 2030 compared to 2019
Renewable electricity usage % 63 Achieve 100% by 2030
Water withdrawal Cubic meters 1,131,000 Reduce by 30% by 2025 compared to 2015
Water discharge Cubic meters 1,026,000 Reduce by 30% by 2025 compared to 2015

 

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