Questions around this news
What did the sustainability panel in Bangkok discuss?
The panel focused on fostering a carbon market in Asia and on ways to decarbonize business models and strategies. The release says it brought together regional electronics industry leaders and Singapore Management University. Delta Thailand CEO Victor Cheng joined representatives of Axiata and Signify, alongside the university.
What is a carbon market?
A carbon market is a system for trading units linked to greenhouse gas emissions. Depending on its design, governments or other rule-setters may cap emissions and allow trading of permits, or participants may trade credits representing emissions reductions or removals. Market rules determine how units are created, tracked and used.
What internal carbon pricing approach did Delta describe?
The release says Delta introduced an internal carbon pricing scheme in 2022, setting a price of $300 per ton of CO2 emissions. Its CEO said the measure was intended to help fulfill the company’s commitment to RE100 by 2030. The release does not provide further details about how the scheme operates.
What does RE100 refer to?
RE100 is a global corporate initiative focused on businesses committing to source all the electricity they use from renewable sources. Participating companies set targets and report progress. The initiative concerns electricity consumption; it is distinct from a commitment to eliminate every source of greenhouse gas emissions across a business.
Bangkok, Thailand, March 12, 2024 -- Delta Electronics (Thailand) PCL. represented Thailand’s advanced electronics manufacturing sector at the 3rd Annual Sustainability Week Asia by Economist Impact held at the Athenee Hotel, Bangkok. Delta joined a special panel discussion titled-Fostering a carbon market in Asia-which featured regional electronics industry leaders and the Singapore Management University to discuss decarbonizing business models and strategies in the region.
Mr. Victor Cheng, Delta Thailand CEO, said, “I believe there needs to be more collective and effective action to see tangible results towards a greener and more sustainable future for the region. That is why Delta has committed to the global RE100 initiative. Exploring opportunities like the establishment of a carbon market for Asia could be one such collective effort. Since 2022, Delta has implemented an internal carbon pricing scheme to at $300 per ton of CO2 emissions to fulfill our commitment of RE100 by 2030.”
In its third year, Sustainability Week Asia by Economist Impact aims to connect sustainability changemakers, purpose-driven consumers and business leaders to gain the tools needed to transition to net-zero, faster. This year 800 senior leaders in Bangkok gathered for case studies, in-depth panels, private roundtable discussions and networking opportunities,
Delta was invited as a special guest to an industry panel alongside Malaysian telecom conglomerate Axiata, Signify and Singapore Management University. Delta is the only Thailand electronics manufacturer listed on Dow Jones Sustainability Indices’ World Index from 2022 to 2023. Delta Thailand also has the Supplier Engagement Leader 2022 recognition by CDP for supply chain sustainability.
As an ESG leader in Thailand’s electronics sector, Delta welcomes opportunities to engage with partners to realize low-carbon society and net-zero transition. The company’s effective sustainable development strategy aligns with the best practices in carbon emission.
If you detect any issues, problems, or errors in this press release content, kindly contact [email protected] to notify us (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). We will respond and rectify the situation in the next 8 hours.
At a glance
- Company
- Delta Electronics (Thailand) PCL.
- Announcement
- Event
- Location
- Bangkok, Thailand
Key figures
- Internal carbon price
- $300 per ton of CO2 emissions
- RE100 commitment target
- 2030
- Event attendance
- 800 senior leaders
- World Index period cited
- 2022 to 2023
- CDP recognition year
- 2022
People
- Victor ChengDelta Thailand CEO
Earlier from Delta Electronics (Thailand) PCL.
- Delta Joins Regional Industry Leaders to Discuss Innovation and Sustainable Development at UBS OneASEAN Summit 2024
- Delta Electronics Thailand Included in the S&P Global Sustainability Yearbook 2024 for Outstanding ESG Performance
- Delta Thailand Wins Prime Minister’s Best Industry Award and MIND Ambassador Award 2023 for Outstanding Contributions
- Delta Thailand Wins Top Prime Minister’s Best Industry Award 2023 for Outstanding Contribution to Sustainable Development
- Delta Joins BOI and Electronics Industry Leaders to Discuss Development in Thailand’s PCB Industry
