Creating Positive Environmental Impact

In 2023, Board of Directors approved the updated Group Environmental Sustainability Policy and Commitments, aiming for the group to achieve carbon neutrality by 2040. The RE100 (renewable energy usage) target is set to be reached by 2040 as well. Additionally, environmental protection policies, water resource policies, chemical policies, and biodiversity and no-deforestation policies have been established to progressively promote the sustainability actions of Merry . We also encourage value chain partners to participate in environmental protection initiatives, thereby raising awareness and achieving sustainable development.
01
Utilized 23.11% renewable energy, totaling 6,978 MWh
02
Energy intensity decreased by 6.11%
03
GHG emissions in Scope 1 & 2 decreased by 14.09%
04
Water intake reduced by 17.24%
05
MERRY Shenzhen has completed the TCFD analysis.
 
Key Goals:2040 carbon neutrality
As a global leader in electroacoustic manufacturing,
Merry actively addresses the environmental and resource issues brought about by climate change.
 
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Environmental Policy and Commitment
In 2023, Board of Directors approved the updated Group Environmental Sustainability Policy and Commitments, aiming for the group to achieve carbon neutrality by 2040. The RE100 (renewable energy usage) target is set to be reached by 2040 as well. Additionally, environmental protection policies, water resource policies, chemical policies, and biodiversity and no-deforestation policies have been established to progressively promote the sustainability actions of Merry . We also encourage value chain partners to participate in environmental protection initiatives, thereby raising awareness and achieving sustainable development.
Climate Strategy and Achievements
GHG Reduction & SBTi
Improving Energy Efficiency
Renewable Energy
ICP
Water and Waste
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Strategy
Highlights of 2023
Medium-term targets and strategies
2024 Targets
Strategy
Highlights of 2023
Medium-term targets and strategies
2024 Targets
Strategy
Highlights of 2023
Medium-term targets and strategies
2024 Targets
Strategy
Highlights of 2023
Medium-term targets and strategies
2024 Targets
Strategy
Highlights of 2023
Medium-term targets and strategies
2024 Targets
Strategy
  • Implement comprehensive greenhouse gas (GHG) inventory and expand verification scope: Conduct thorough inventory of "other indirect GHG emissions" (Scope 3; categories 3-6) and continuously expand the verification scope to accurately grasp the GHG emission status.
  • Set Science-Based Targets (SBT): Establish carbon reduction targets for the group by controlling temperature rise within 1.5℃ for Scope 1 and 2 emissions, and below 2℃ for Scope 3 emissions.
Highlights of 2023
  • Taiwan HQ, MERRY Shenzhen, MERRY Vietnam, MERRY Singapore, MERRY North America, MERRY Hong Kong, MERRY USA, and MERRY Malaysia, among other overseas offices, conduct organizational GHG inventories in accordance with ISO 14064-1:2018 standards and undergo third-party verification.
  • MERRY Thailand and MERRY Auster conduct internal organizational GHG inventories in accordance with ISO 14064-1:2018 standards. 
  • Commit to the Science Based Targets initiative (SBTi), with the goal of submitting targets for review within two years. 
  • Implement an online GHG inventory system to digitize the management of carbon emission activities data and certification documents.
Medium-term targets and strategies
  • Complete official review of Science-Based Targets (SBT), and effectively conduct carbon reduction activities and carbon emission management according to the carbon reduction pathways.
  • All operational sites included in the consolidated financial statements will conduct GHG (greenhouse gas) inventory activities in accordance with the latest ISO 14064-1 standards.
2024 Targets
  • Establish near-term Science-Based Targets (SBT) carbon reduction pathways and obtain official approval by 2025 at the latest.
  • All operational sites included in the consolidated financial statements will conduct GHG inventory activities in accordance with the latest ISO 14064-1 standards.
Strategy
  • Energy Monitoring System and Usage Analysis: Improve energy efficiency for energy-consuming equipment.
  • Focus on Corporate Energy-saving Success Stories: Actively learn new technological concepts and experiences through exchange seminars and external energy-saving case studies.
Highlights of 2023
  • MERRY Shenzhen: Through improvements to air compression equipment, it is estimated to save 30,948 kWh annually.
  • MERRY Thailand: Installing variable frequency drives on air compression equipment is estimated to save 66,204 kWh annually. 
  • MERRY Vietnam: Adding timer control devices to the chiller and air compression units to reduce electricity consumption.
  • Austar: Updating the air conditioning control program and optimizing the cooling system is expected to save 49,500 kWh annually.
Medium-term targets and strategies
  • Continuous Expansion of Energy Management Scope: Implement energy efficiency improvement programs.
2024 Targets
  • Energy Intensity Reduction: Decreased by 6% (baseline year: 2020).
  • Continuous Improvement: Enhance the energy efficiency of equipment and strengthen energy usage analysis and monitoring systems.
Strategy
  • Utilization of Renewable Energy: Evaluate the implementation of solar power generation systems and renewable energy transfer schemes.
  • Renewable Energy Certificates: Support local renewable energy development by purchasing renewable energy certificates.
Highlights of 2023
  • 2023 MERRY RE100 Commitment: Utilized a total of 6,978 MWh of renewable electricity, accounting for 23.11% of total electricity consumption. Of this, 2,213 MWh was directly sourced renewable electricity, representing a 143.99% increase compared to 2022. The remaining 4,765 MWh was supported through the purchase of renewable energy certificates.
  • Solar Power Systems: MERRY Vietnam has activated a rooftop solar system. Rooftop solar systems at Taiwan HQ and MERRY Thailand are under construction, while planning for a rooftop solar system at MERRY Shenzhen is underway.
Medium-term targets and strategies
  • Consumed 100% renewable energy by 2040.
2024 Targets
  • 2024 Renewable Energy Usage: The proportion of renewable energy usage is projected to account for 35.5% of total energy consumption.
Strategy
  • Shadow Pricing: Setting internal carbon pricing to assess potential future regulatory and transition risks related to climate change.
Highlights of 2023
  • Establishing Internal Carbon Pricing: Completing the process for establishing shadow carbon pricing.
  • Implementing Internal Carbon Pricing Mechanism: Planning the implementation within the group, setting short, medium, and long-term goals, and promoting the schedule.
Medium-term targets and strategies
  • Implementing Internal Carbon Fee Mechanism: Enhancing internal awareness of carbon reduction.
2024 Targets
  • Promoting and Implementing Shadow Carbon Pricing.
  • Continuously Optimizing Operational Processes.
Strategy

Water Resources

  • MERRY's production process does not require water; therefore, ISO 14001 is used as the basis for factory water resource management. Water-saving measures primarily focus on installing water-saving equipment and raising employee awareness.

Waste

  • Using ISO 14001 as the foundation for factory waste management, regularly track hazardous waste emissions, and promptly analyze and improve any abnormal waste generation.
Highlights of 2023

Water Resources

  • MERRY Vietnam adjusted water flow in public areas.
  • Autar set the main control valves to half-open.
  • MERRY Thailand added promotional signs and replaced faucets.

Waste

  • MERRY Shenzhen optimized the SMT process, reducing hazardous waste by about 24% compared to 2021. Packaging materials, partitions, and pallets are recycled for internal use.
  • Waste disposal complies 100% with local regulatory standards.
Medium-term targets and strategies
  • Water Resources : Strengthen Water Monitoring and Analysis: Continuously improve water use efficiency.
  • Waste : Continuously Promote Waste Reduction: Implement source management and resource recycling.
2024 Targets

Water Resources

  • Water Intensity: Reduced by 8% compared to the baseline year (2020).

Waste

  • • Waste Intensity: Reduced by 8% compared to the baseline year (2020).
  • Continuously promoting the reduction of hazardous waste per unit of production value, implementing resource recycling according to source management.
Response to the RE100 Global Renewable Energy Initiative
MERRY's RE100 Commitment Scope for 2023
Direct Use
2,213
MWh Renewable Energy
Total Usage
6,978
MWh Renewable Energy
Percentage of  Electricity
23.11
% Renewable Energy
Increase from 2022
143.99
% Renewable Energy
Purchased
4,765
MWh Renewable Energy Certificates
MERRY's Environmental Sustainability Goal—2040 Carbon Neutrality
In response to global climate actions for NetZero carbon emissions and in alignment with the government's "2050 Net-Zero Emissions" declaration and actions under the "Climate Change Response Act," MERRY has set "2040 Carbon Neutrality" as a key blueprint for the group's environmental sustainability actions. The primary goals are to reduce energy-related carbon emissions and increase the use of renewable energy. MERRY actively integrates environmental sustainability concepts into all stages of product design, production operations, and logistics to enhance the efficiency of environmental resource use. MERRY also promotes carbon reduction targets among suppliers by establishing a carbon reduction scoring mechanism and managing through digital systems. This collaborative effort aims to achieve shared carbon reduction goals with suppliers. As a final measure, MERRY will use carbon offset mechanisms to neutralize any remaining carbon emissions.
Year Renewable Energy Planning and Energy Management Greenhouse Gas Management
2023
  • The rooftop solar system at MERRY Vietnam has been activated.
  • The construction of rooftop solar systems at MERRY’s Taiwan HQ and MERRY's Thailand locations has commenced.
  • MERRY Shenzhen is planning to install rooftop solar systems.
  • Emphasis on actual use of renewable energy supplemented by renewable energy certificates to achieve renewable energy goals.
  • Action plans and goals established based on energy hotspots identified by the energy audit, aligning with the group's energy conservation and carbon reduction objectives in 2023
  • Independently setting emission reduction targets for categories one and two.
  • Commitment to the Science Based Targets initiative (SBTi) to establish the primary framework for MERRY's long-term net-zero goals.
  • Implementation of an internal carbon pricing system at HQ to assess and manage carbon risks associated with energy-related equipment and investments.
  • Introduction of a greenhouse gas inventory system to digitally manage carbon emission activity data and certificate documents.
2023 ~ 2025
  • Planning for the procurement of renewable energy in various regions, signing long-term power purchase agreements with project sites or renewable energy vendors to ensure stable future renewable energy supply.
  • Achievement of targets through the purchase of renewable energy certificates.
  • Continuously promote the organization's energy monitoring system to all operational sites to enhance internal energy efficiency within the organization.
  • Successfully establish Science Based Targets (SBTs) and pass official audits, creating an effective and achievable decarbonization pathway to annually reduce greenhouse gas emissions.
  • Advocate for carbon reduction targets among suppliers, establish a supply chain carbon reduction scoring mechanism, and plan to implement digital system management.
  • Continuously optimize internal carbon pricing processes and expand them to a larger organizational scope, ensuring carbon risk asse
~ 2030
  • Continuously plan for the procurement of renewable energy and certificates in various regions, and sign contracts in advance to ensure a stable supply of renewable energy in the future.
  • Develop MERRY's carbon removal strategy, invest in carbon offsetting or other negative emission technologies.
  • Continuously implement the internal carbon pricing system, levy internal carbon fees from specific departments to establish a climate action fund, and strengthen the internalization of carbon costs into organizational operations and investment decisions
2040
  • Aim for 100% renewable energy usage by 2040.
  • Achievement of carbon neutrality in operations.
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