PLANET Technology Corporation

  • Sector: Information Technology
  • Headquarters: Taiwan - China

Review summary

PLANET Technology Corporation (PLANET) submitted its 2024 Climate and Nature Report to the It’s Now for Nature campaign and met all the review criteria.

  • PLANET’s materiality assessment addresses nature-related dependencies, impacts, risks and opportunities across operations and suppliers. It conducted a high-level screening to evaluate its downstream activities.
  • PLANET has conducted a materiality assessment following the The Taskforce on Nature-related Financial Disclosures (TNFD)LEAP approach, complemented by the WWF Biodiversity Risk Filter to evaluate dependencies such as tropical cyclones and water scarcity, and impacts including pollution.
  • The focus areas addressed are: Climate and Nature (broad environmental areas including pollution, physical waste, water usage and biodiversity)

  • PLANET has set SMART targetsfor its material nature-related issues with deadlines for both 2025 and 2030, covering Net Zero ambitions and Nature-Positive Growth.
  • For example:
  • Water: 13.2% water intensity reduction by 2030.
  • Biodiversity: Add two new Biodiversity Collaboration projects by 2030.
  • Sustainable supply chain: By 2025, PLANET aims to leverage digital technologies to drive sustainable transformation by integrating and promoting a green supply chain management platform.

  • PLANET’s concrete actions to meet its targets are based on its four pillars of sustainability: “GHG Management,” “Environmental Impact Mitigation,” “Environmental Sustainability Management,” and “Biodiversity”.
  • Example actions:
  • Water: “Protecting the Water Source – Support for Pinglin Organic Tea Plantation” Safeguarding ecological water sources and preserving biodiversity.
  • Biodiversity: “Wanli Ecological Park” Protecting and restoring ecosystems to rehabilitate biodiversity.
  • Sustainable supply chain: PLANET requires suppliers to fully comply with sustainable development principles across extraction, production, procurement, supply chain, use, and disposal stages, such as waste recycling and bans of hazardous substance.

  • The Board has approved the nature strategy of PLANET; with delivery executed by the Chief Sustainability Officer and the Sustainability Team.