Bangkok, Thailand, March 14, 2023-Delta Electronics (Thailand) PCL. has publicly declared support for the Task Force on Climate-related Financial Disclosures (TCFD) and its recommendations. By publicly declaring support for the TCFD and its recommendations, companies like Delta Thailand demonstrate that they are taking action to build a more resilient financial system through climate-related disclosure.
The TCFD recommendations are voluntary in nature and have been devised by the private sector. Industry members support to drive adoption and implementation of the recommendations. Publicly declaring support is a natural next step for companies that are already looking into climate-related disclosure.
In 2017, Delta Electronics Inc. in Taiwan published the Delta Group Recommendations of the TCFD and joined the TCFD recommendations supporters list in 2018. Since then, Delta Thailand has started studying the principles and methodology of disclosing information on climate governance, strategies, risk management, and key indicators according to the four elements of the TCFD. The company made a full disclosure on its website for the first time in 2022.
Delta Thailand conducts a major survey every three years to better understand which of the many climate change risks should prioritize and address and a yearly review to identify key climate risk items for the company. Delta Thailand's latest company climate risk survey was completed just before the end of 2021.
The survey of over 70 representatives, expert opinions and external literature adjustments, identified the following four risks for Delta Thailand:
1. Financial impact resulting from natural resources scarcity
2. Renewable energy regulations
3. Increasing severity and frequency of extreme climate events
4. Changing rainfall patterns and severe weather patterns
The TCFD was established in 2015 by the Group of Twenty (G20) and the Financial Stability Board (FSB) and is chaired by Michael Bloomberg. It consists of governance, strategy, risk management, and metrics and targets.
Delta Thailand is the largest electronics company listed on the Stock Exchange of Thailand and a DJSI member since 2021. The company drives ESG and sustainability in Thailand with a RE100 target of 100% renewable electricity in global operations by 2030. This commitment helps it deliver on the Delta brand promise: Smarter. Greener. Together.