Innolux Corporation

Review summary

Innolux Corporation submitted their ESG 2023 Report that included relevant environmental policies guiding its strategy such as the Sustainable Water Stewardship Policy and the Biodiversity and Zero Deforestation Policy to ‘Its Now for Nature’ and met all the criteria to be part of the campaign.

Reviewed August 2024

Innolux carried out a natural capital dependence and impact assessment.
They identified significant impacts using the Potentially Disappeared Fraction (PDF) metric: effluent, freshwater toxicity and eutrophication due to the manufacturing of semiconductors.
Innolux operations moderately depend on surface and ground water, significantly impact soil and water pollution, and moderately affect solid waste and environmental disturbance.

Innolux has set targets on GHG emissions, waste reduction and water management for 2030.
Waste management: Hazardous industrial waste recycling rate greater or equal to 95%
Water Management: Achieve a process water recycling rate of at least 97%, the highest in the industry.

To address the drivers of nature loss, Innolux has developed a range of environmental policies.
Their Biodiversity and Zero Deforestation Policy guides their operations, emphasizing compliance with global and local regulations, Nature-based Solutions, and responsible procurement. 
For each material topic there are also specific actions in place for 2024, 2025 and 2030. For example, Innolux is aiming to improve water management and conservation:

– In 2023, they reduce water intensity down by 30.8% (vs 2016) across Taiwan sites.

– Their 2024 target aims to reduce water intensity < 0.206m3 across major Taiwan sites.

– Their 2025 target aims to bring water intensity down by 30% (vs 2016) across Taiwan sites.

– Their 20230 target aims to have a water reclamation rate > 97%.

The Sustainability Development Committee, led by the CEO and President, created action plans for key environmental issues and integrated these strategies into daily operations.

The Chief Governance Officer (CGO) reports annually to the board. Includes updates on:

– Environmental risks and responses.

– Results of sustainability initiatives

– Stakeholder engagement and material issues.