At the Wall Street Green Digital Summit on October 15, we presented a carbon emission management system. This system addresses the challenges faced by Taiwanese companies in meeting international supply chain carbon reduction requirements, quarterly carbon emission reporting for exports to the EU, and compliance with IFRS regulations, which mandate listed companies to include carbon pricing in their annual financial reports.
These regulations are nearly impossible to meet manually. For example, utility bills are typically issued one to two months after the electricity is consumed. In addition, manually retrieving historical inventory and current production data from the company's ERP system, as well as distinguishing between carbon data for EU-bound products and others, adds complexity. Human errors in data entry and calculation could lead to fines or, worse, damage the company's reputation and future business opportunities.
Our system solves this by using IoT sensors to record real-time power consumption of each machine during production or downtime. By integrating this data with the company’s ERP system, we can automatically and accurately calculate the carbon footprint of each product.
According to the Science Based Targets initiative (SBTi), more than 8,000 suppliers globally have committed to reducing their carbon emissions by 42% by 2030 and achieving carbon neutrality by 2050. Furthermore, starting January 2026, the EU’s Carbon Border Adjustment Mechanism (CBAM) will calculate import carbon taxes based on the weekly average carbon trading prices set by the EU Emissions Trading System (ETS).
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