Sustainable Operations

Climate change-induced climate issues are gradually impacting the global economy and human existence, raising awareness that extreme weather not only affects the environment we live in but also tests the operational resilience of businesses. According to the IPCC's Sixth Assessment Report, human activities have caused a global temperature rise of approximately 1.1°C. To achieve the target of limiting the temperature increase to 1.5°C, reaching net-zero emissions globally by 2050 will be a critical turning point. Currently, more than 137 countries or regions have made commitments to achieve net-zero emissions, covering 88% of global greenhouse gas emissions. Taiwan also released the "2050 Net-Zero Emissions Roadmap" in March 2022, which is based on technological research and climate governance. It involves gradual transformations in energy, industry, lifestyle, and society to achieve the goal of net-zero emissions by 2050. Furthermore, the Legislative Yuan passed the amendment bill of the "Greenhouse Gas Reduction and Management Act" on January 10, 2023, and it was officially renamed the "Climate Change Response Act". The "Climate Change Response Act" is Taiwan's first law that incorporates policies to address climate change. It sets a target of achieving net-zero emissions by 2050 and includes measures such as the implementation of carbon pricing. This demonstrates Taiwan's commitment to achieving net-zero emissions by 2050.
 

Initiating Two Major Transitions and Moving Towards Sustainable Development

In order to ensure the long-term sustainable development of SOLAR, we have embarked on two major transitions since 2022: digital transformation and zero-carbon transformation. These transitions are aimed at aligning with the future global trends and customer demands for carbon reduction and carbon neutrality. In 2022, we introduced the globally leading commercial software, SAP, as part of our transformation project. Through this initiative, we aim to undergo a comprehensive digital transformation and achieve precise data management. By optimizing our management systems, we aspire to contribute to the United Nations Sustainable Development Goals (SDGs) of “Industry, Innovation and Infrastructure”. Furthermore, this transformation is expected to effectively reduce costs and enhance our gross profit margin. As global businesses continue to embrace digital and cloud technologies, they are transforming their business models and facing challenges such as supply chain disruptions and emerging regulatory constraints. It is crucial for companies to cultivate agility and adaptability to respond to environmental changes. They need to actively incorporate scientific and data-driven assessments as the foundation, leveraging technological advantages and fostering continuous innovation. This enables them to continuously evolve and strive for excellence.

To fulfill the commitment to achieving net-zero emissions, it is not enough to focus solely on carbon accounting. It is crucial for businesses to leverage technology to drive industry innovation. In the past, customer demands primarily revolved around "price", but in the future, they may also require information about a product's "carbon footprint". To conduct a thorough carbon inventory, it is necessary to encompass the production, usage, and disposal stages, as well as calculate the entire product lifecycle. The immense amount of data involved makes it impractical for manual operations. That is why SOLAR initiated our digital transformation, followed by the implementation of zero-carbon transformation. By combining zero-carbon transformation with digital transformation, we aim to establish an electronic database and digital collaboration system, enabling more efficient and effective operations.
 

The Spirit of Mutual Prosperity, Mutual Benefit, and Mutual Goodness

As a local leading brand in the local material manufacturer of precious and rara metals supplier supply for industry application, SOLAR hasremains committed to promoting sustainable development and integrating it into our core business operations and value creation. The spirit of mutual prosperity, mutual benefit, and mutual goodness is not only the essence of SOLAR but also the embodiment of our beliefs. Over the past four decades, SOLAR has weathered rapid environmental changes and intense competition. Together, all colleagues have overcome numerous challenges and viewed them as opportunities for self-improvement, enabling SOLAR to become more resilient and competitive. Throughout the years, we have always aimed to help our employees find their sense of belonging on the stage of SOLAR and radiate the brilliance of SOLAR outward, reaching all stakeholders and instilling in them a sense of trust in us. Lastly, we have high expectations and are have been committed to working together with all colleagues to strive for sustainable development.