Andes Technology Corporation

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023

In its 2023 reporting, Andes Technology Corporation disclosed greenhouse gas emissions of 430.9K tCO2e/year (Scope 2). By scope: Scope 2: 430.9K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
430.9K tCO2e/year (Scope 2)
2023
💧
Water Usage
3.6K m3/year
2023
⚙️
Energy Use
872.3K kWh/year
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.430.9K tCO2e/year

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Align talent with company needs; offer competitive compensation and benefits; optimize onboarding
  • Continue developing higher-level CPU IPs and AI accelerator IPs
  • Increase orders; maintain and improve stakeholder relationships; conduct customer satisfaction surveys
  • Promote information security policies; establish a dedicated information security unit
  • Establish a risk management framework

📅 Medium-term

  • Invest in talent recruitment and development; enhance company development momentum
  • Develop industry-leading products; penetrate mainstream product applications
  • Establish a competitive ecosystem; provide comprehensive solutions to customers
  • Provide customers with safe, reliable, and high-quality products
  • Promote detailed regulations for data protection

🌱 ESG Focus Areas

Corporate GovernanceEnvironmental ProtectionFriendly WorkplaceCommunity Engagement

⚠️ Challenges & Risks +

  • Global warming and uncertainty over the future
  • Widening gap between strong and weak in the semiconductor market
  • Geopolitical tensions and US-Russia and US-China rivalries
  • Credit risk from customers, suppliers, or business counterparts
  • Exchange rate fluctuation
  • Expansion of facilities operational funding turnover risk
  • Information security risks from external hacker attacks
  • Climate change risks
  • Human rights risks

📋 Report Information

Reporting Period: 2023
Frameworks: GRI, SASB, TCFD
Assurance: Ernst & Young