GlobalData offers a comprehensive analysis of ASMPT, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on ASMPT‘s ESG performance. GlobalData’s company profile on ASMPT offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
ASMPT, a global provider of semiconductor assembly and packaging equipment, has set target for net zero by 2035. In 2022, the total Scope 1 and Scope 2 carbon dioxide (CO2) emissions amounted to 64.5 kilotonnes. Of this, the Direct Scope 1 emissions from gaseous fuel consumption and vehicle totaled 1.5 and 0.8 kilotonnes, respectively, while Indirect Scope 2 emissions generated from use of purchased electricity stood at 62.1 kilotonnes. The emissions intensity, measured as 0.0033 tonnes per thousand Hong Kong dollars (HK$’000) of revenue, reflects the company's environmental impact relative to its financial performance. There was a notable 17.4% decrease in the combined Scope 1 and Scope 2 emissions compared to the previous year. Simultaneously, the emissions intensity experienced an 8.3% decrease compared to 2021.
In pursuit of emission reduction and net-zero targets, ASMPT has implemented various measures. The company has introduced waste reduction and recycling programs, focusing on efficient resource management and waste minimization. Utilizing recyclable crates and cardboard boxes for product packaging, ASMPT has actively reduced hazardous waste in 2022, translating to lower recycling. Notably, the company achieved a recycling rate of 1% for hazardous waste and 73% for non-hazardous waste in the same year.
Additionally, ASMPT encourages the use of reusable and recyclable materials in its products and promotes the adoption of reusable and returnable packaging by its suppliers. The company has set up dedicated recycling bins for e-waste in its Singapore facilities and organizes "Materials Recycling Days" to collect and sort used materials for reuse or external recycling.
In conclusion, ASMPT is committed to achieving net-zero emissions and has taken steps to reduce its emissions, including waste reduction and recycling programs, the use of recyclable materials, and the promotion of reusable packaging. The company's commitment to sustainability and its efforts to transition to a low-carbon economy demonstrate its dedication to mitigating climate-related risks and contributing to a more sustainable future.