Environmental sustainability
Faraday aligns with international sustainability trends and relevant regulations, taking actions to minimize the environmental impact of its operations. The company integrates environmental sustainability principles into its corporate strategies and operational plans.
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Carbon emissions down 4.5% in 2024; completed subsidiary GHG inventory
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Renewable energy usage reached 7.5%
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Green procurement NT$51M, up 16% in 2024
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Waste reduced 24% and water 21% (2021 baseline)
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Invested NT$50M in green bonds
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First CDP participation: Climate Change B, Water Security B-
Key Performance Indicators
| Material Sustainability Issues | Performance Indicators | 2024 | Target in 2025 | 2030/Long-term direction | |
| Target | Result | ||||
Climate and energy |
Completed greenhouse gas inventory for subsidiaries in the consolidated financial statement | 100% | 100% | 100% | 100% |
| Absolute carbon emission reduction in Scope 1 and Scope 2 compared to the base year of 2023 | No growth | 4.5% | ≧ 10% | ≧ 50% | |
| Renewable energy usage rate | ≧ 5% | 7.5% | ≧ 15% | ≧ 55% | |
| Electricity intensity reduced compared to the base year of 2021 | ≧ 20% | 22% | ≧ 22% | ≧ 25% | |
Environmental Sustainability |
ISO 14001 Environmental Management System Certification | 100% completion of architecture difference analysis | 100% | Pass certification | Aintain the validity, suitability, and appropriateness of the certificate |
| Water intensity reduced compared to the base year of 2021 | ≧ 20% | 21% | ≧ 25% | ≧ 27% | |
| Waste intensity reduced compared to the base year of 2021 | ≧ 20% | 24% | ≧ 25% | ≧ 27% | |
Environmental Commitment and Policy
We take the provision of chips that benefit humanity and support sustainable development as our mission, developing comprehensive ASIC solutions. Faraday values stakeholders' opinions and actively communicates on environmental protection and occupational health and safety issues. We uphold the core principles of environmental, safety, and health policies throughout the operations, and comply with government regulations. Faraday had no violations of environmental regulations resulting in penalties from 2022 to 2023.
Green Procurement
Faraday actively supports the government's green procurement policy by referencing the green procurement criteria outlined in the Ministry of Environment’s Net-Zero Green Living initiative. In our daily procurement process for equipment and supplies, we prioritize products with environmental certifications such as the Ecolabel, Energy Saving Label, and PEFC (Programme for the Endorsement of Forest Certification) for sustainable forestry. Since 2021, the investment in green procurement has shown a steady annual increase.
Green Investment
Faraday supports carbon reduction and green initiatives. In addition to promoting its own net-zero and carbon reduction actions, we engage in green finance by investing in the development of renewable energy, enhancing energy efficiency, smart city infrastructure, and financing solutions for the circular economy.
Green Bonds
Invested NTD50 million in UMC's green bond(Code: B638BH) in 2023.
Note: The bond holds a green bond qualification from the Over-the-Counter (OTC) Trading Center.
Invested NTD50 million in CSC's Green Bond(Code: B801AS) in 2024.
Green Time Deposit
Invested SGD4 million in a green time deposit issued by United Overseas Bank (UOB) through the subsidiary Sinble Technology in 2023.
