WALSIN LIHWA
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WALSIN LIHWA is a Taiwanese company that operates in the Wire & Cable sector. The company was founded in 1966 and has since become a leading manufacturer of high-quality cables and wires for various industries. WALSIN LIHWA has a strong commitment to sustainability and has been actively working towards decarbonisation and the use of renewable energy sources.
The company's commitment to sustainability is reflected in its corporate energy strategy. WALSIN LIHWA has set ambitious targets to reduce its carbon emissions and increase its use of renewable energy sources. The company has implemented a number of initiatives to achieve these targets, including the use of corporate power purchase agreements (PPAs) to source renewable energy.
Corporate PPAs are agreements between a company and a renewable energy supplier, where the company agrees to purchase a certain amount of renewable energy over a set period of time. This allows the company to secure a stable and predictable source of renewable energy, while also supporting the growth of the renewable energy sector. WALSIN LIHWA has signed several corporate PPAs with renewable energy suppliers in Taiwan, which has helped the company to increase its use of renewable energy and reduce its carbon footprint.
In addition to its use of corporate PPAs, WALSIN LIHWA has also invested in renewable energy projects. The company has built several solar power plants in Taiwan, which generate clean energy and reduce the company's reliance on fossil fuels. These solar power plants have a combined capacity of 10 MW and are expected to generate over 10 million kWh of electricity annually. This is equivalent to the annual electricity consumption of over 2,000 households in Taiwan.
WALSIN LIHWA's commitment to sustainability extends beyond its own operations. The company is also working with its suppliers to promote sustainable practices throughout its supply chain. WALSIN LIHWA has implemented a supplier code of conduct, which sets out the company's expectations for ethical and sustainable practices. The company also provides training and support to its suppliers to help them improve their sustainability performance.
WALSIN LIHWA's focus on sustainability has not only helped the company to reduce its environmental impact, but it has also had a positive impact on its business. The company's commitment to sustainability has helped to improve its reputation and attract customers who are looking for environmentally responsible suppliers. In addition, the company's investments in renewable energy have helped to reduce its energy costs and improve its competitiveness.
Overall, WALSIN LIHWA is a leading example of a company that is committed to sustainability and the use of renewable energy sources. The company's focus on decarbonisation and the use of corporate PPAs and renewable energy projects has helped to reduce its carbon footprint and improve its competitiveness. WALSIN LIHWA's commitment to sustainability is not only good for the environment, but it is also good for business.