Internal Carbon Pricing (ICP) Announcement Guidelines
In response to the Climate Change Response Act and the “Carbon Fee Charging Regulations” announced by the Ministry of Environment, Everest Textile Co.,Ltd. has officially implemented an Internal Carbon Pricing (ICP) system. This mechanism reflects the cost of carbon emissions in advance, drives plants across all sites to actively reduce emissions, ensures operational climate resilience, and steers the company toward its 2050 net-zero goal.
Using 2020 as the base year, the company has set phased carbon reduction targets: by 2024, a 20% reduction (actual achievement reached 22.58%, with Taiwan plant emissions at 97,011 metric tons CO₂e); by 2025, a 25% reduction; by 2030, a 50% reduction; and ultimately, net zero emissions by 2050. The internal carbon price, set at NT$300 per metric ton of CO₂e in the initial stage, was determined based on the government’s carbon fee framework and financial impact assessments, and will be periodically reviewed and adjusted in line with international trends and regulatory requirements.
The company’s decarbonization strategy focuses on three key directions. First, the development of renewable energy: Taiwan and Thailand plants have jointly installed 10.5 MWp of solar power systems, with 4.5 MWp at the Thailand plant already for self-consumption, and 1.09 MWp at the Taiwan plant planned for self-consumption starting in 2026. Second, the transition to low-carbon fuels: the Shanghai plant currently uses LNG, while the Thailand plant uses biomass fuel for boilers. Starting in 2026, the Taiwan plant will adopt LNG as its primary boiler fuel, with biomass fuels such as wood chips as supplementary. Third, equipment upgrades and process optimization: in 2024, several high-energy-consuming machines were replaced, reducing approximately 4,153 metric tons of CO₂e in one year, alongside the implementation of a smart energy management system to enhance overall energy efficiency.
The company has also established “GHG Inventory Management Guidelines” to effectively govern greenhouse gas inventory operations. Annual GHG inventories and third-party verifications are conducted in accordance with ISO 14064, ensuring transparency and credibility of data. The implicit carbon costs calculated under ICP are integrated into business operations and investment decisions, with dedicated funds allocated exclusively for renewable energy deployment, equipment upgrades, and low-carbon R&D projects. By internalizing carbon pricing, the company transforms it into a driver for carbon reduction.
Through the implementation of ICP, Everest not only manages the financial impacts of carbon fees effectively but also strengthens carbon reduction incentives, enhances sustainability competitiveness with international brand clients and supply chains, and demonstrates its firm commitment to low-carbon transition and sustainable development.
