Getac Holdings Corporation

In pursuit of sustainable corporate development, Getac Holdings is committed to addressing the risks and opportunities associated with climate change. Climate change is treated as a material sustainability issue and a key enterprise risk, subject to dedicated analysis and management. The company actively promotes low-carbon transition strategies and climate adaptation efforts.

The Board of Directors serves as the highest authority for risk management. In alignment with legal requirements, operational strategy, and the broader business environment, the Board approves the company’s risk management policies, oversees implementation, and holds ultimate accountability for risk governance.

Under the Sustainability Development Committee, the Climate Risk Team is responsible for managing climate-related risks and driving execution. Its findings are submitted to the Risk Management Team and integrated into the company’s annual Risk Management reporting. The Team also formulates and ensures the implementation of preventative and responsive risk mitigation measures.

To systematically identify and manage climate-related risks and opportunities, Getac has established a dedicated Climate Risk Task Force. Guided by the TCFD framework and aligned with the CDP 2024 questionnaire modules (C2: Risk and Opportunity Identification, C3: Scenario Analysis), we have developed a standardized procedure as outlined below:

1. Basis for Identification and Data Integration： We consolidate information from international sustainability regulations (e.g., IFRS S2, EU policies), global climate research and industry trends, key customer ESG requirements, and internal operational data. This integration supports the development of a comprehensive list of climate-related risks and opportunities.
2. Assessment Process and Meeting Mechanism：Regular "Climate Risk and Opportunity Identification and Assessment Meetings" are held, involving senior executives from subsidiaries and responsible risk units. During these sessions, potential risks and opportunities from the list are reviewed and classified. Each item is scored based on likelihood and potential impact to form a risk/opportunity matrix. As a standard, this identification is conducted biennially, with ad hoc updates as needed.
3. Financial Impact Assessment and Rolling Review：Annual financial impact analyses are performed on material risks and opportunities. A rolling update mechanism ensures that assessments remain responsive to changes in both internal operations and external conditions.
4. Governance and Strategic Integration：The assessment results are reviewed by the Sustainability Development Committee and reported to the Board of Directors, enhancing transparency in climate governance and supporting strategic decision-making.
       

The company's Climate Change Risk Committee convened a meeting on Climate Change Risk and Opportunity Identification, integrating TCFD risk scenario analysis with company operations. They assessed significance based on "impact severity" and "likelihood of occurrence," categorizing risks by timeframes: short-term (by 2025), medium-term (2026-2030), and long-term (2031-2050). The scope covered four subsidiaries: Getac Holdings, Getac Technology, Atemitech Corp., and Getac Kunshan.
Based on the 2024 climate risk and opportunity assessment results, the company has identified six key transition risks and one physical risk.

1. Policy Risk: Implementation of carbon fees by the Vietnamese government.
2. Regulatory Risk: Increasing product regulatory standards
3. Regulatory Risk: More stringent emissions disclosure obligations.
4. Technological Risk: Higher investment needs for low-carbon technologies and products
5. Market Risk: Rising raw material costs
6. Market Risk: Increased demand for low-carbon products due to changing customer behavior
7. Physical Risk: Typhoons, floods, and other climate-related disruptions

Opportunity identification has primarily focused on enhancing operational efficiency, developing low-carbon products, and creating new market value:

1. Resource Efficiency Opportunity: Reducing water consumption and usage
2. New Products and Services Opportunity: Developing or expanding low-carbon goods and service

To effectively respond to the identified risks and opportunities, the company has assessed their potential impact, financial implications, and likelihood of occurrence. Corresponding strategies have been developed, including carbon credit and renewable energy budget modeling, carbon footprint management, incorporation of recycled materials, supply chain resilience planning, energy-saving and carbon-reduction initiatives, process and technology innovation, and the development of low-carbon products and services. Key Climate Risks and Response Strategies

Click on the picture to enlarge▲

 

---

To mitigate climate-related risks, the company has established its key climate-related metrics and targets around the absolute reduction of greenhouse gas (GHG) emissions and GHG emissions intensity. Using 2021—the year in which all major subsidiaries completed third-party verified GHG inventories—as the base year, the company has set short- and medium-term emission reduction goals.

• Short-term target: Reduce GHG emissions intensity (emissions per unit of revenue) year over year, with a goal of achieving a 24.4% reduction in GHG emissions intensity by 2025 compared to the base year.
• Medium-term target: Achieve a 25% reduction in total GHG emissions compared to the base year.

  To enhance energy efficiency, the company has adopted an annual energy intensity reduction target and integrated climate considerations into daily operations and business processes. A range of energy-saving and carbon-reduction initiatives have been implemented, including process optimization, equipment upgrades, the introduction of intelligent control systems, operational efficiency improvements, material reduction, energy recovery and reuse, low-carbon product development, and the use of renewable energy. Reduction targets and performance metrics are regularly reviewed and tracked.

In 2024, the company implemented a total of 31 energy-saving projects, including 16 new initiatives and 15 carried over from 2023. These projects resulted in energy savings of 27,766 GJ, equivalent to 6,519.5 MWh of purchased electricity, and an estimated reduction of 3,220.64 metric tons of CO₂ equivalent. These efforts also generated cost savings of approximately NT$13.68 million in energy expenses. Despite continued growth in revenue, these ongoing efficiency efforts have helped manage energy use and carbon emissions intensity. In 2024, the company’s energy intensity reached 713.324 GJ per million USD in revenue, representing a 14.53% reduction compared to the base year.