Greenhouse Gas Management
Since 2019, SinoPac Securities has been conducting greenhouse gas inventory using the operational control approach to gradually determine the total greenhouse gas emissions of the Company and its subsidiaries. In 2021, the scope of the inventory was further expanded to include all operating locations and overseas locations. Given the more comprehensive boundary of the overall greenhouse gas inventory, the base year was adjusted in 2022 on a rolling basis from the original 2018 to 2021. In accordance with the financial industry guidelines set by the Science Based Targets Initiative (SBTi), SinoPac Securities has set short-, medium-, and long-term reduction targets for Scope 1 and Scope 2 emissions. The Company aims to achieve its net zero emissions goal by 2030 through energy conservation, carbon reduction measures, the use of renewable energy, and renewable energy certificates.
The main sources of Scope 1 emissions for SinoPac Securities include greenhouse gases generated by refrigerants in air conditioners, water dispensers, dehumidifiers, and refrigerators, as well as emissions from gasoline used in company-owned vehicles (official vehicles), generator diesel fuels, gaseous fire extinguishers, and septic tanks. The main source of Scope 2 emissions is purchased electricity. In 2024, the total Scope 1 and Scope 2 emissions amounted to 3,473.25 metric tons of CO2e, representing a reduction of 417.39 metric tons of CO2e compared to 3,890.64 metric tons of CO2e in 2023. The per capita emissions intensity in 2024 was 1.17 metric tons of CO2e, a decrease of 0.15 metric tons of CO2e compared to 2023, representing a reduction of approximately 11.36%.
Energy Management
To effectively reduce the environmental impact of the greenhouse effect and decrease energy consumption, SinoPac Securities has continued to promote energy-saving initiatives. These include replacing outdated, energy-intensive equipment and fully adopting energy-saving measures such as LED lighting to implement energy conservation policies. Since 2022, SinoPac Securities has also introduced green electricity, procuring renewable energy in phases to meet its renewable energy usage targets. By 2024, the annual supply of green electricity purchased reached 1.589 million kWh, with an actual usage of 1.5231 million kWh in 2024, accounting for approximately 19.08% of the total annual electricity consumption. The company plans to increase the proportion of renewable energy usage to 25% of total electricity consumption by 2025 and 45% by 2027.
Additionally, the parent company, SinoPac Holdings, coordinated the purchase of 2,000 metric tons of carbon credits from the Taiwan Carbon Solution Exchange (TCX) in December 2023, making SinoPac Securities one of the first companies in Taiwan to participate in international carbon credit trading through the TCX. This initiative serves as preparation for future carbon neutrality efforts.
In 2024, SinoPac Securities replaced outdated air conditioning systems and other energy-intensive equipment, investing approximately NT$3.13 million in energy-saving upgrades. These efforts are estimated to save 62,060 kWh annually, reducing carbon emissions by approximately 30.66 metric tons of CO2e per year. On the product and service front, the company has been dedicated to promoting paperless services, such as e-statements, online account opening, and electronic trading. These initiatives have collectively saved approximately 182.61 million pieces of paper.
Energy Conservation and Carbon Reduction Measures and Results in 2024
| Energy Conservation Measure | Description |
Annual Electricity Saved (MWh) |
GHG Reduced (metric tons -CO2e) |
|---|---|---|---|
| Electricity consumption of air conditioning chiller |
Replacing the air conditioning chiller in the 8th floor computer room of the Headquarters Building | 54.31 | 26.83 |
| Replacing split air conditioners in Hsinchu Branch and Chuke Branch | 7.75 | 3.83 | |
| Total | 62.06 | 30.66 | |
Measures and Results of Paperless Services
| Measure | Results |
|---|---|
| Internal: Convene meetings with communication software and video conferencing systems |
Increased the frequency of using teams to convene meetings. |
| External: Promote electronic and digital products and services |
SinoPac Securities launched paperless services such as e-statements, online account opening, and digital orders, which saved approximately 182.61 million pieces of paper. |
Note 1 : The quantity of paper = the number of services provided on the digital services platforms x the average number of papers used per service.
Note 2 : According to the Carbon Footprint Calculation Platform of the Ministry of Environment, the paper's CO₂ emission factor is 3.60 kg of CO₂e (a ream of A4 paper, 500 pieces).
Internal Carbon Pricing
In response to international carbon pricing trends, the parent company, SinoPac Holdings, introduced Internal Carbon Pricing (ICP) in 2022, integrating carbon management into its operational strategies to enhance energy efficiency and reduce carbon emissions. This initiative aims to deepen carbon reduction awareness and promote changes in internal corporate behaviors. Starting in 2022, SinoPac Securities aligned with the parent company's carbon pricing policy by using greenhouse gas emissions from its electricity consumption (Scope 2) as the baseline and adopting a shadow price mechanism to evaluate the effectiveness of energy-saving and carbon reduction measures at its operational sites. The implicit carbon costs and benefits are also incorporated into the evaluation process.
In 2024, SinoPac Holdings analyzed that the average cost of reducing one metric ton of CO2 emissions was NT$5,000 per ton of CO2e, which serves as the reference basis for internal carbon pricing. At the beginning of each year, SinoPac Securities reports on the implementation status of its carbon reduction targets to SinoPac Holdings. The parent company calculates carbon emission costs or carbon income based on the achievement of these targets to develop action plans and formulate carbon reduction strategies. Energy-saving benefits are assessed based on carbon reduction targets, and trial calculations of carbon pricing are conducted. If the targets are not met, carbon fees will be calculated; if the targets are achieved, carbon income will be calculated, thereby achieving substantial carbon reduction results.
Looking ahead, SinoPac Securities will continue to align with the initiatives promoted by SinoPac Holdings. Guided by Science Based Targets (SBT) and international carbon pricing trends, the company will adhere to the rolling adjustment mechanism of internal carbon pricing, gradually linking to the "net zero" operational strategy and expanding the scope of its application.
Waste Management
Waste from SinoPac Securities primarily consists of domestic waste. Recyclable waste is divided into four categories: paper, bottles, iron and aluminum cans, and electronic waste. All general and recyclable waste is transported by qualified contractors to incinerators or recycling sites for disposal. The paper waste is collected and managed by the responsible unit of the Company and handled in accordance with the document destruction rules before being handed over to the paper manufacturer for disposal as recycled paper raw material. The waste of electronic product waste is processed according to internal information security regulations, and any digital data related to customer information is also kept secure and confidential, and processed in accordance with the internal rules and procedures, entrusted to qualified processing contractors for recycling and reuse. In 2024, the total volume of general waste was 78.52 metric tons, representing a reduction of 6.88 metric tons compared to 2023, resulting in a decrease of 8.06%.
Waste Management Criteria and Total Waste from 2022 to 2024
| Type of Waste (Metric Tons) | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Recyclable Waste (Note 1) | Paper/bottles/iron and aluminum cans | 45.02 | 39.12 | 37.60 |
| Electronic waste (computers/monitors/printers) | 1.47 | 0.13 | 0.15 | |
| General Industrial Waste (Note 2) | Incineration process volume | 99.45 | 85.40 | 78.52 |
| Landfill volume | 0 | 0 | 0 | |
| Total Waste (Note 3) | 145.93 | 124.64 | 116.28 | |
| Data Coverage (Note 4) | 100% | 100% | 100% | |
Note 1 : All recyclable wastes are handed over to qualified contractors for disposal. Since 2021, SinoPac Holdings has started to track the flow of recyclable waste handled by contractors. Among them, paper (40.57 tons in 2022, 35.96 tons in 2023 and 34.08 tons in 2024) is transported to paper mills for water destruction, recycling, and reuse. The flow of other categories of recyclable waste will continue to be monitored.
Note 2 : General industrial waste is disposed of by qualified contractors and transported to local incineration facilities equipped with waste heat recovery systems for power generation.
Note 3 : Since 2019, the actual weighing method has been adopted to calculate the total amount of waste generated at the headquarters. In 2021, SinoPac Holdings started to weigh the total waste produced from SinoPac Holdings and all its subsidiaries.
Note 4 : Data coverage was calculated based on the number of employees; the number of employees referred to the number of full-time employees in Taiwan excluding dispatched and overseas employees.
Water Resources Management
The water resources consumed by SinoPac Securities primarily consist of tap water, which is mainly used for drinking, air conditioning, and cleaning. There are no sources of groundwater or other alternative water supplies. Through measures such as replacing air-conditioning cooling towers, installing sensor-activated faucets, and promoting water conservation awareness among all employees through the "SinoPac Life" website platform, the Company actively encourages cherishing water resources. Moving forward, SinoPac Securities will continue to implement relevant water-saving measures to achieve a 1% annual reduction in water consumption.
Water Resources Management Criteria and Water Use from 2022 to 2024
| Water Resources Management Criteria | Unit | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Total water consumption (Note 1) | cubic meters | 34,983.70 | 38,618.67 | 34,127.12 |
| Per-capita water consumption (water consumption intensity) (Note 2) |
cubic meters/person | 12.17 | 13.06 | 11.47 |
| Data Coverage | % | 100% | 100% | 100% |
Note 1 : Water consumption was calculated by the actual usage on water bills of Sinopac Securities and its subsidiaries. Public tap water consumption is calculated based on the meter readings allocated by the building management unit.
Note 2 : Amount of water use within the scope of Sustainability report/total number of Sinopac Securities' employees. The number of employees refers to the number of domestic and overseas sites full-time employees excluding dispatched employees.