Transition to Low-Carbon Operations

After the 2021 United Nations Climate Change Conference (COP26), many countries have announced the 2050 net zero emission target and strengthened international partnerships and cooperation on climate issues. Taiwan has also renamed the Greenhouse Gas Reduction and Management Act to the Climate Change Act, reminding the enterprises to proactively respond to and manage current climate change issues. As domestic and international laws and regulations tightened controls on GHG emissions, products, and services, consumers and investors have paid more attention to companies’ ability to address climate change issues. The transition to low-carbon operations has also become a key factor for companies to enhance their competitiveness.

In view of this, PCSC officially set up the Carbon Reduction Task Force in 2021, which not only strengthens PCSC’s climate resilience but show the Company’s efforts in mitigating the external impacts of GHG emissions. PCSC began to build the TCFD framework in 2020 by incorporating the climate-related risks and opportunities into the Company’s existing risk management framework. In 2021, PCSC continued to use the TCFD disclosure framework and conducted in-depth analysis of the impacts of PCSC’s key climate issues on company operations in each climate scenario, helping the Company improve management of climate risks and opportunities and strengthen low-carbon governance. To embrace the era of net zero emissions, PCSC has started to assess and plan to introduce Science-Based Targets (SBT) in order to consolidate carbon governance in the entire value chain and move towards the goal of achieving net zero emissions.

Carbon Reduction Task Force

In December 2021, the Sustainable Development Committee set up the Carbon Reduction Task Force to formulate strategies, medium- and long-term goals and action plans, the implementation of which are tracked in regular meetings. In addition, PCSC has formulated incentive measures for meeting the GHG emission reduction targets for the Carbon Reduction Task Force members. Based on set target value, bonuses are awarded regarding different reduction levels, hoping to enhance the Company’s performance and result in the overall climate change and energy management.

Energy-Saving and Carbon Reduction Actions

As the largest convenience store operator in Taiwan, PCSC invests over NT$1 billion in renovating old stores each year. In the meantime, a store electricity consumption database has been built to provide immediate energy-saving guidance and improvement measures for stores with abnormal or high electricity consumption. New stores must meet the basic requirements of energy efficiency in terms of equipment and environmental management, and existing stores actively evaluate the feasibility of introducing various energy-saving actions. In terms of logistics and transportation, PCSC reduces carbon emission by integrating logistics routes, replacing refrigeration, freezer and fuel vehicles.

★In 2021, Sihu Store was given the Outstanding Award in the Service Industry Energy Conservation Performance Award Program of Yunlin County, which evaluates the energy management methods, energy-saving measures and actual benefits.