☼ The Route to Net Zero: A Manifesto for ZIPPY

In line with international and customer requirements for net-zero carbon emissions, reducing greenhouse gas emissions to collectively combat the climate crisis has become a major global issue, and the transition to net-zero is critical to the competitiveness of both nations and businesses. ZIPPY, a manufacturer of micro switches and power supplies, is leveraging its core R&D and manufacturing capabilities to adopt a high-efficiency green business model, drive the low-carbon transformation of its supply chain, and enable the industry’s sustainable development.

To effectively mitigate the impact of climate risks and meet the 2050 Net Zero target as well as customers’ carbon reduction requirements, ZIPPY has incorporated net-zero carbon emissions into its overall business objectives and integrated carbon reduction pathways into the management of its parent company, subsidiaries, and production sites.

Under its sustainability framework, ZIPPY has positioned the low-carbon economy as the cornerstone of its future development and adopted “net zero” as a management policy and objective. Leveraging its strengths in R&D and technology, it manufactures high-efficiency, low-pollution power supply products. In manufacturing and production management, ZIPPY utilizes digital R&D and engineering data management to provide high-efficiency, low-energy-consumption solutions, thereby enhancing its competitive advantage. In the production of micro switches, we continuously improve stamping and injection molding processes to reduce energy consumption and waste, while developing automated assembly systems that significantly outperform manual assembly in terms of output per labor hour and quality.

ZIPPY incorporates circular economy principles from the product design stage, prioritizing resource reuse, waste reduction, and minimization of waste. By considering the potential environmental impacts throughout the entire product lifecycle, we aim to reduce remanufacturing and emissions. Whether through improved energy efficiency in power supply products, the growing demand for low-carbon energy or the high efficiency of automated micro-switch assembly, a green industrial ecosystem is taking shape. ZIPPY actively provides clean and energy-efficient solutions, embracing low-carbon business opportunities in this era of energy transition and establishing itself as a leading company in the low-carbon and eco-friendly industry.

The operational impacts and transformation opportunities arising from climate change-related issues are becoming increasingly significant. To proactively address the business development opportunities driven by global governments’ active commitment to the 2.0°C warming target and the transition to net-zero, ZIPPY has established a climate risk management mechanism and built resilience and adaptive capabilities. ZIPPY has referenced international standards such as IFRS S2 and other relevant literature. Through mechanisms such as the identification of climate-related risks and opportunities and the setting of carbon reduction targets, we are implementing climate risk and opportunity management to continuously address the concerns and expectations of governments, customers, investors, and the general public regarding climate governance.

Our climate governance performance is managed by the Sustainability Development Committee and overseen by the Board of Directors, which makes decisions and continuously refines climate risk management procedures. Climate change risk considerations are also integrated into our existing risk management framework to facilitate long-term tracking and ensure the effectiveness of climate governance.