Participating in international initiatives and committed to realizing energy efficiency and carbon reduction commitments.

As of April 29, 2022, Primax joined the RE100 initiative, pledging to implement the use of renewable energy at all its locations and actively setting renewable energy targets. In addition to promoting energy-saving solutions, the company has been gradually increasing its purchase of renewable energy certificates since 2019, with the aim of reaching carbon neutrality by 2040. Starting in 2022, ZhinShen has also begun to establish solar power installations to work towards this 2040 carbon neutrality target.

Complying with global environmental protocols

Primax Group has developed greenhouse gas, water resource, and energy management procedures in accordance with ISO 14001 - Environmental Management System, ISO 14064 - 1 - Greenhouse Gas Inventory, and ISO 14046 - Water Footprint, ISO 50001 - Energy Management System, and have been certified for all of the above systems.

As an electronics manufacturer, energy efficiency, greenhouse gas reduction, effluent/waste management and green product are all major issues in the environmental category. During the reporting period, we have set targets for mid- and long-term energy consumption and greenhouse gas reduction, both of which were approved by the top-level management and are being enforced as a major part of the Company's environmental guidelines. Furthermore, we engage third-party institutions to examine our greenhouse gas emission, water footprint, and energy management system on a regular basis. Due to proper execution of environmental management policies, Primax Group did not violate any environmental laws or receive any related fines in 2022.

In addition to participating in the Carbon Disclosure Project (CDP) Supply Chain Survey to disclose information related to greenhouse gas emissions, energy usage, and water resources, we also conduct internal compliance reviews using the DJSI and MSCI Sustainability Questionnaire content to identify areas for improvement and areas where we can make efforts.

Energy consumption

Energy consumption is a main cause of climate change, because the combustion of non-renewable fuel creates greenhouse gas (GHG) among other environmental impacts. Making efficient use of energy is key to mitigating climate changes, and is a goal we strive to achieve by continually improving our production procedures. Each year, Primax gathers more sophisticated data to enhance its existing energy strategies. Primax Group’s data on energy consumption is as follows:

Use of Renewable Energy

Since 2019, the Primax Group has been actively promoting a renewable energy utilization plan. This initiative mainly involves purchasing Energy Attribute Certificates (EAC), developing in-house solar power generation facilities, and engaging in Power Purchase Agreements (PPA) for renewable energy procurement to increase the utilization of renewable energy. In April 2022, Primax joined RE 100 and established a target to achieve 100 % renewable energy usage by the year 2040.

• Since 2019, we have been purchasing Energy Attribute Certificates (EAC) for renewable energy. In 2022 , we purchased a total of 32 , 610 , 000 kWh of renewable energy certificates, with a cumulative purchase of 55 , 765 , 000 kWh of electricity.
• Renewable energy agreement: In 2022, we entered into a Power Purchase Agreement (PPA) for renewable energy, purchasing 205 , 306 kWh of electricity.
• Generate solar power for use: Primax has been generating our own solar power through in-house solar power facilities, with a total generation of 362 , 697 . 23 kWh.

Energy-saving action plans

In order to make production sites more energy-efficient, we have been exploring all solutions possible to reduce energy consumption. One of the methods we have taken towards achieving this goal is to continually replace old and power-hungry equipment. To promote renewable energy usage and enhance energy efficiency, our concrete measures include self-building solar power facilities, replacing natural gas boilers with air-source heat pump water heaters, implementing behavior changes in the use of air conditioning and lighting facilities, replacing energy-efficient motors, optimizing the utilization of air compressors, upgrading and improving the energy efficiency of chiller systems, replacing lighting in factories, warehouses, and street lights with LED lights or solar-powered lights, and replacing air compressors with variable frequency drives.

Energy-saving solutions at main production sites – 2022