Energy Management Policy
In line with the energy laws and regulations and customer requirements, Ta Ya instills energy awareness among employees, conducts green procurement, and manages targets for continuous improvement. To further maintain sustainable operations and fulfill its responsibilities as a good corporate citizen, Ta Ya promotes all personnel to engage in the energy management system based on risk management, green production, and energy performance management for compliance with regulations and customer requirements, and improved energy efficiency.
Energy Management System
Ta Ya has adopted the ISO 50001 Energy Management System and obtained third-party verification. The system effectiveness is tracked through energy performance evaluation, energy targets and management programs, and internal and external audits. The progress of energy targets and the results of external audits are reviewed at a committee meeting in Q1 of the following year.
Following the ISO50001:2018 international standard, Taya Company has developed an energy manual that outlines its energy management system. This system ensures ongoing compliance with energy regulations while effectively preventing or reducing negative energy impacts to achieve the company's energy policy.
Internal Audit & Third Party Verification of the Energy Management System
TA YA conducts regular internal audits to verify the effectiveness and adequacy of its energy management system, ensuring compliance with the ISO 50001:2018 international standard. According to the Energy Management Internal Audit Procedure, regular audits are performed annually, with additional unscheduled audits conducted based on customer or government agency requirements.
ISO 50001 Certificate
Energy Consumption
In 2024, the Group's total energy consumption reached 467,611 GJ. Compared to 2023, energy consumption decreased by 0.5%, and energy intensity decreased by 12.6%. The decrease in energy intensity is mainly due to a 13.8% growth in consolidated revenue and a 0.5% decline in energy consumption from 2023, maintaining almost the same energy consumption under profit growth demonstrates the Group's effective energy management.
Energy Saving Initiatives
Ta Ya's energy-saving initiatives in 2024 covered improving stranding machine processes, replacing motors, thread drawing machines, air conditioning and energy-consuming lighting, saving total energy consumption of 51,319 kWh. To achieve the targets set by the energy management system, energy management initiatives are implemented in accordance with the Energy Targets and Management Plan Procedure. These initiatives follow the process of current state analysis, expected outcome evaluation, energy savings calculation, and benefit verification. After implementation, a performance evaluation is conducted to assess the results. The annual energy savings are calculated by comparing electricity consumption before and after improvements through actual measurements, ensuring the expected benefits are achieved. (※ Only reductions in electricity consumption are included in the calculation.)
In 2024, Ta Ya Group reduced energy consumption by 652,842 kWh through energy saving initiatives marked by air conditioning and other equipment replacement, and solar panel installation. This includes savings of 368,000 kWh at Dong Nai and Hai Duong sites in Vietnam from self-generated solar power, and 153,660 kWh at Cuprime from upgraded control system of wire stretchers.
Energy Transition Plan
For renewable energy consumption, the Group has set short- and mid-term targets for renewable energy consumption: Ta Ya Electric Wire & Cable (Ta Ya) will achieve RE10% by 2025, and its subsidiaries will achieve RE40% by 2030, gradually increasing the proportion of renewable energy use. Ta Ya has set up a 481kW self-generating solar power system and joined Taipower's Small-Scale Green Electricity Procurement Program at 50,000 kWh/year. Starting in 2025, Ta Ya will transfer another 3,400,000 kWh/year through its own solar power plants to achieve the RE10% target. In 2024, Cuprime and Ta Heng each secured a "100,000 kWh/year"green power purchase contract and UEI secured a"10,000 kWh/year" contract. From 2025, Ta Ya Venture Capital and Union Storage will also start using renewable energy.
Regarding overseas subsidiaries, the Dong Nai site installed a 250kW solar power system in September 2024 and plans to install an additional 590 kW of solar power generation capacity for self-consumption in 2025, achieving RE9.5%. The Hai Duong site has installed a 35kW rooftop solar system, achieving RE10.9%.