- Following the lifting of the epidemic restrictions in 2023, the Chinese economy has not experienced the anticipated recovery. Existing customers have been consistently reducing their inventory since 2022, leading to a decline in purchases.
- In addition to the overall economic downturn in Europe, even with inflation slowing down, European customers remained conservative in inventory turnover and procurement in the first half of 2023, with plans to launch new products postponed to the second half of the year.
- Sales of the Company’s products on the global market inevitably result in direct competition with major global corporations and other contact lens manufacturers.
Visco Vision Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Visco Vision Inc. disclosed greenhouse gas emissions of 18.2K metric tons of CO2e. By scope: Scope 1: 13 metric tons; Scope 2: 18.2K metric tons. 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
18.2K metric tons of CO2e
2023
Water Usage
218.6K metric tons
2023
Waste
44 metric tons
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). | 13 metric tons |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 18.2K metric tons |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- In November 2023, the second phase of solar power generation began operation at our factory and the use of green power is continuously increased; the organization’s carbon inventory and reduction planning has been completed in accordance with procedures. Total electricity generation in 2024 is expected to reach 3.7 million kilowatt-hours, reducing carbon emissions by 2,364 metric tons of CO2e, an increase of 23% compared to 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Release the most comprehensive product line and continue to improve safety and comfort for long-term wear while achieving our commitment to superior products.
📅 Medium-term
- 2030: The Company had projected a continuous expansion of production capacity before 2030, but the total carbon emissions remained unchanged from year 2023.
- Develop silicone hydrogel colored lenses for Asian markets. Aside from single and multi-colored lenses, implement finer categorizations such as lenses to change the color or enlarge pupils to satisfy the demands of various market segments.
🔭 Long-term
- 2040: Achieve net zero carbon emissions.
🌱 ESG Focus Areas
EnvironmentalSocialGovernance