- Customers' inventory adjustments leading to lower revenue
- Global economic downturn, low consumer confidence, high inflation, and high interest rates
- Intensified competition from IT giants and Chinese supply chains
- Depreciation of Asian currencies against the US dollar
- US-China decoupling and geopolitical implications
- Shortage of electronic components (e.g., chips)
- Increased supervision of foreign exchange balancing and customs duties
- Increased labor costs in Mainland China
- Impacts from the coronavirus epidemic
Eastech Holding Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Eastech Holding Limited disclosed greenhouse gas emissions of 1.4K tCO2e (Scope 1) + 16278.3269 tCO2e (Scope 2) + 5071.1583 tCO2e (Scope 3) in 2022. By scope: Scope 1: 1.4K tCO2e/year (2022); Scope 2: 16.3K tCO2e/year (2022); Scope 3: 5.1K tCO2e/year (2022). 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
1.4K tCO2e (Scope 1) + 16278.3269 tCO2e (Scope 2) + 5071.1583 tCO2e (Scope 3) in 2022
2023
Water Usage
336.6K m3 in 2022
2023
Waste
7.091 tons (hazardous) + 771.4792 tons (non-hazardous) in 2022
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.4K tCO2e/year (2022) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 16.3K tCO2e/year (2022) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 5.1K tCO2e/year (2022) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Implemented ISO 14001 Environmental Management System and ISO 14064-1 GHG inventory
- Reduced pollution emissions through various energy-saving measures
- Improved energy and water resource efficiency
- Recycling of packaging materials
- Use of recyclable wood chips in speaker housings
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce greenhouse gas emissions per unit of turnover by 2% from 2022 level
📅 Medium-term
- Reduce electricity consumption per unit of turnover by 0.4% annually
- Reduce fuel oil consumption per unit turnover by 0.5% annually
- Reduce water consumption per unit of turnover by 0.5% annually
🔭 Long-term
- Establish a Sustainability Unit in 2024
- Prepare a sustainability report starting in 2024
- Obtain third-party external verification of the AA1000 Medium Assurance Level and publish a bilingual sustainability report in 2025
- Vietnam EAVN plans to invest in solar energy facilities from 2024
🌱 ESG Focus Areas
Environmental ProtectionEnergy SavingCarbon ReductionWaste ReductionProduct SafetyEmployee Well-beingCorporate GovernanceCompliance