10/12/2021 | Press release | Distributed by Public on 10/12/2021 00:45
As a regional sustainability leader and global corporate citizen, Delta Thailand's SD strategy and actions are always evolving to meet the present and future needs and align with global megatrends. Climate change is one of the most urgent issues of our times and one that Delta is tackling head-on by joining the EV100 and RE100 environmental initiatives by the Climate Group.
In Part 4 of our series on Delta Thailand's sustainable development (SD) we take a closer look at Delta's actions towards our ambitious RE100 goal of 100% renewable energy by 2030. Let's take a look at Delta's road to RE100:
Previously, we talked about how Environmental, Social, and Corporate Governance (ESG) are part of Delta's everyday business practice. Delta's sustainable development (SD) is a combination of regular corporate social responsibility (CSR) activities and ESG methodology and practices that are measurable and demonstrable. Strong ESG performance makes us a globally competitive business, sustainable operation and ultimately gives us the legal and social license to operate in Thailand.
In 2015, G20 Finance Ministers and Central Bank Governors within the Financial Stability Board (FSB) established the Task Force on Climate-related Financial Disclosure (TCFD). The TCFD's goal is to develop recommendations for more effective climate-related disclosures that could promote more informed investment, credit, and insurance underwriting decisions and enable stakeholders to better understand the concentrations of carbon-related assets in the financial sector and the financial system's exposures to climate-related risks.
Delta Electronics Group joined this groundbreaking initiative with our first TCFD disclosure in 2017. In the same year, the TCFD released its first climate-related financial disclosure recommendations, designed to help companies provide better information to support informed capital allocation. The TCFD recommendation structure is around four thematic areas that represent core elements of how organizations operate:
The organization's governance around climate-related risks and opportunities
The actual and potential impacts of climate-related risks and opportunities on the organization's businesses, strategy, and financial planning
3. Risk Management
The processes used by the organization to identify, assess, and manage climate-related risks
4. Metrics and Targets
The metrics and targets used to assess and manage relevant climate-related risks and opportunities
In 2020, Delta Electronics added the Sustainability Accounting Standards Board (SASB) to our ESG disclosure. As a part of the Delta Electronics Group, Delta Thailand's SD Team collaborates to conduct climate risk assessments and identified the following four high risks out of 22 risk items:
Joining EV100 and RE100
The Climate Group, a non-profit organization headquartered in London, promotes important environmental initiatives. Since 2014, it has successfully launched three important environmental initiatives, including RE100, EV100, and EP100. Delta recognized the importance of these initiatives to reach our sustainable development goals and joined EV100 in 2018 and RE100 in early 2021.
Delta is the first EV100 member to join from Taiwan and the first electric vehicle (EV) charging solutions provider member. This year Delta celebrated a milestone of supplying over 1,000,000 EV chargers around the world, which helped save 7.7 million kWh of energy with optimal charging efficiency.
The RE100 aims to promote the global transition to clean energy and move towards a zero-carbon grid. Delta is just one of over 300 members, including six Taiwan companies, which have committed to RE100. Our fellow RE100 members include many of our customers who are top global brands in the electronics, automotive, telecom and digital infrastructure industries. We all unite with the same ambitious commitment to 100% renewable electricity.
Delta has created a RE100 Management Board to oversee progress towards our goals. This Management Board has a board of Delta Group executives who review our overall targets and regional progress. The Delta Corporate Sustainability Development Office Secretariat is the main contact window for RE100 initiatives and provides trends research and resources to the Climate Group while collaborating with all regional working parties to coordinate performance results, identify major barriers and resources.
Renewable Electricity Strategies
Delta's RE100 target is 100% renewable electricity throughout our entire global operations by 2030. Our targets for regional operations are Delta Thailand RE35 and Delta India RE30 by 2025 and all regions RE100 by 2030. To do this, we have the following categories of renewable energy sources:
Renewable energy uses different categories of generation technology, including:
In 2021, Delta in Taiwan signed its first-ever power purchase agreement (PPA) with TCC Green Energy Corporation for the procurement of approximately 19 million kWh of green electricity annually. The transfer load will come from the latest onshore wind turbines built by Xingbao Wind Farm Group; with a device capacity of 3.6MW per unit, these onshore wind power generators currently have the largest device capacity in Taiwan.
If you want to know more or join our actions, please contact the Delta Thailand SD Office. You can also download our annual Delta Thailand SD reports. We thank you for your continued support as we build Delta into a company that contributes to a better tomorrow for all.