Delta honoured with double A-list ratings by CDP for 3rd time

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Delta honoured with double A-list ratings by CDP for 3rd time

Delta honoured with double A-list ratings by CDP for 3rd time

Industry News
Feb 13,24

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 honoured with double A-list ratings by CDP for 3rd time

Delta Electronics, Inc, a global provider of IoT-based Smart Green Solutions, announced it has achieved double "A" scores in the 2023 Climate Change and Water Security reports of 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 endeavours include: the implementation of an internal carbon pricing (ICP) mechanism since 2021 to accelerate carbon reduction initiatives, the successful 13.5% 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 honouring Delta’s climate change and water security endeavours 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 $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.

Benjamin Lin, President, Delta Electronics India "This recognition reaffirms our unwavering dedication to sustainability. We are continuously pushing boundaries, implementing innovative solutions like internal carbon pricing and exploring green opportunities like EVs and hydrogen energy. We are confident in achieving our Net-Zero SBT goal by 2050 through collaboration with our stakeholders."

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. In 2022, Delta conducted a water risk assessment for its global sites and formulated a water resource policy across the entire organisation. The Company also assessed its tier-1 suppliers engaged in ongoing business transactions and incorporated the assessment results into decision-making. In 2022, Delta achieved a 12.8% YoY reduction in its global water productivity intensity, with its total water withdrawal and water discharge decreasing 4% YoY despite the higher revenue delivered.

CDP's annual assessment and scoring process is recognised as an important standard for environmental transparency. In 2023, more than 740 investors with over 136 trillion in assets and over 300 major procurement organisations with a combined spending of 6.8 trillion requested companies to disclose information about their environmental impacts, risks, and opportunities through the CDP platform. In this latest CDP report, more than 21,000 companies to participate the assessment, the highest number ever recorded. Delta has been included in the CDP A List for Water Security Management for four consecutive years and has received leadership scores in the Climate Change category for seven years.