Bora recognizes the growing challenges and responsibilities brought by climate change and is committed to reducing greenhouse gas emissions. Aligned with the TCFD framework, we disclose our governance, strategies, and risk management practices related to climate issues. Each year, we conduct carbon inventories, develop carbon reduction plans, and implement targeted actions to lower our operational carbon footprint. These efforts not only meet market stakeholder and customer expectations but also enhance our long-term competitiveness.
Environmental Objectives and Policy
- In response to the global push for net-zero emissions by 2050, Bora Group has made energy saving and carbon reduction a core objective. We are committed to mitigating the impacts of climate change while promoting environmental protection and sustainable development.
- Commit to achieving net-zero emissions across the entire Group by 2050, covering all carbon emission sources in Scopes 1, 2, and 3.
- Commit to improving environmental information transparency, promoting consistency between “carbon inventory boundaries” and “financial reporting boundaries,” and having these verified by third parties. In 2025, all operating sites were brought within the inventory boundary and third-party verified for the first time.
- Bora Group adopts “improving energy efficiency” as the core strategy for advancing net zero. Building on the parent company’s attainment of both ISO 14001 (Environmental Management System) and ISO 50001 (Energy Management System) certifications, the Group has designed management policies aligned with globally consistent standards and elevated this management blueprint to the Group level. The rollout begins with our Taiwan sites and gradually extends to overseas locations, guiding each site to obtain ISO system certification in phases.
- In line with Science Based Targets (SBTi), Bora Group is progressively expanding carbon management across its value chain (Scope 3). The Group has begun measuring and calculating Scope 3 emissions at its Canada site and will progressively roll out Scope 3 accounting across all Bora sites, setting a Group-level SBTi reduction target in the future.
- Conduct carbon inventories and disclose emissions data across all subsidiaries.
- Use the carbon inventory system to identify reduction opportunities across internal and external operations.
- Promote green supply chains for consumers and customers.
- Consider product life cycle footprints, from raw materials to disposal.
- Strengthen the link between top-level climate governance and compensation: The climate strategy is comprehensively overseen by the Board of Directors and the Sustainability Development Committee. The completion of carbon inventory and assurance at all plants is linked with the compensation of senior managers at the vice president level and above.
- Implement the TCFD risk management framework: Cross-departmental project teams regularly identify short-, medium-, and long-term climate transition and physical risks, and conduct scenario and financial impact analyses.
- Internal carbon pricing (ICP) and data integration: A routine greenhouse gas and energy data verification mechanism is established across the plants. A pilot program for internal carbon pricing (NT$300/ton) will be conducted at the sites in Taiwan from 2026, using a “shadow price” to formally incorporate climate costs into the investment decision-making process for carbon reduction projects.
| Term | Goal |
|---|---|
| 2025-2030 Short-term goals |
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| 2031-2040 Mid-term goals |
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| 2041-2050 Long-term goal |
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Environmental Management System Certification (ISO 14001)
Bora Pharmaceuticals is dedicated to green sustainability and actively implementing environmental management systems. Currently, the Parent Company of Bora Pharmaceuticals has successfully obtained the ISO 14001:2015 certification, issued by the third-party certification body, ARES International Certification Co., Ltd.
The validity period of this certificate is from December 4, 2025, to December 3, 2028. We are committed to continuously optimizing our environmental performance through the P-D-C-A management cycle. Furthermore, we plan to progressively implement this environmental management standard across all facilities within the group, demonstrating our concrete commitment to sustainable corporate development.
Greenhouse Gas Emissions
GHG Emissions by Site
Unit: tons of CO2e
| Site | 2024 | 2025 | 2024 vs. 2025 Change in Total Emissions | ||||
|---|---|---|---|---|---|---|---|
| Scope 1 | Scope 2 | Total | Scope 1 | Scope 2 | Total | ||
| Taipei Headquarters | 9.68 | 149.56 | 159.24 | 0.00 | 120.74 | 120.74 | ▼ 38.50 |
| Zhunan Site | 1,730.10 | 7,077.58 | 8,807.68 | 1,714.87 | 6,616.08 | 8,330.96 | ▼ 476.72 |
| Tainan Site | 26.99 | 1,531.84 | 1,558.83 | 82.41 | 1,362.10 | 1,444.51 | ▼ 114.32 |
| Taoyuan Site | 842.28 | 2,502.67 | 3,344.95 | 704.56 | 2,426.93 | 3,131.49 | ▼ 213.46 |
| Canada Site | 5,493.70 | 1,351.60 | 6,845.30 | 5,129.01 | 1,393.26 | 6,522.27 | ▼ 323.03 |
| Bora Health Neihu Site | 43.23 | 825.27 | 868.50 | 21.92 | 279.98 | 301.90 | — |
| Bora Health Xizhi Site | — | — | — | 10.17 | 613.75 | 623.92 | — |
| Baltimore Site | — | — | — | 4,199.56 | 2,146.91 | 6,346.47 | — |
| Minnesota Site | — | — | — | 3,775.13 | 4,717.84 | 8,492.97 | — |
| Bora Biologics Taipei Site | 0.81 | 235.64 | 236.45 | 5.08 | 251.57 | 256.66 | ▲ 20.21 |
| Zhongli Site 1 | 456.65 | 2,793.52 | 3,250.17 | 419.08 | 2,377.90 | 2,796.99 | ▼ 453.18 |
| Zhongli Site 2 | 292.19 | 2,463.71 | 2,755.90 | 275.12 | 2,419.94 | 2,695.06 | ▼ 60.84 |
| Total | 8,895.63 | 18,931.39 | 27,827.02 | 16,336.90 | 24,727.02 | 41,063.93 | ▼ 1,659.84 |
Total emissions from existing sites decreased by 6.16% in 2025 compared with 2024.
Note 1: The Bora Health Xizhi Site, Baltimore Site, and Minnesota Site were newly included in the reporting boundary in 2025. As no emissions data were available for the previous year (2024), the corresponding 2024 fields are indicated by “—”.
Note 2: The Canada Site’s 2024 data were retrospectively adjusted. To support the SBTi target-setting process, its 2024 emissions were recalculated. Scope 1 emissions were adjusted from 5,261.31 to 5,493.70 metric tons of CO2e, while Scope 2 emissions were adjusted from 687.25 to 1,351.60 metric tons of CO2e. The electricity emission factor was updated to the Canadian NIR factor for Ontario of 0.059 kg CO2e/kWh. The adjustments resulted in a total increase of 896.74 metric tons of CO2e. The 2024 figures presented above are the adjusted figures and are consistent with the basis used for 2025.
Note 3: As Bora Health relocated from the Neihu Site to the Xizhi Site in 2025, the reporting period for the Neihu Site’s 2025 emissions did not cover a full 12 months and partially overlapped with the reporting period for the Xizhi Site. To prevent inconsistent reporting periods and double counting from affecting data comparability, the Bora Health Neihu Site was excluded from the year-on-year comparison between 2024 and 2025. Its emissions remain included in the total emissions reported for each year.
Internal Carbon Pricing
To effectively assess climate risks and internalize environmental costs, Bora Pharmaceuticals is introducing an Internal Carbon Pricing (ICP) mechanism. This mechanism will be piloted at our Taiwan sites starting in 2026. The pricing basis references the rate set by the Taiwan Ministry of Environment, established at NT$300 per metric ton, utilizing a “Shadow Price” model.
We incorporate the shadow price into the decision-making process for carbon reduction projects by adding a cost-benefit analysis of the shadow carbon fee to existing project evaluation forms. Furthermore, at the end of the year, we verify the actual effectiveness of these reduction projects and calculate the saved shadow carbon costs, thereby quantifying the financial benefits of decarbonization investments and driving our low-carbon transition.
Energy Management
Energy Consumption
Taiwan Sites Unit: GJ
| Energy Type | 2025 |
|---|---|
| Purchased Electricity | 127,228 |
| Gasoline | 97 |
| Diesel | 642 |
| Natural Gas | 44,766 |
| Liquefied Petroleum Gas | 460 |
| Total | 173,192 |
North America Sites — Unit: GJ
| Energy Type | 2025 |
|---|---|
| Purchased Electricity | 153,960 |
| Gasoline | 0 |
| Diesel | 1,125 |
| Natural Gas | 216,317 |
| Liquefied Petroleum Gas | 0 |
| Total | 371,403 |
Note: The Baltimore and Maple Grove sites were brought into the Group’s scope through acquisitions completed in 2024. In the interest of consistency and completeness of data compilation, these sites have been formally included in the scope of the environmental and social performance indicators from 2025 onward. Accordingly, the North American data presented on this page cover 2025 information only.
Fulfilling Environmental Commitments
| Year | Factory/Plant | Resources Invested | Achievements/Results |
|---|---|---|---|
| 2025 | Zhunan Facility | — | Full-scale HVAC cooling optimization: upgrade of high-efficiency fan blades and blowers. Traditional FRP fan blades on the cooling towers were replaced with thick, airfoil energy-saving blades engineered on fluid-dynamics principles, significantly reducing gearbox loads while raising fan efficiency to 81–90%. Post-completion measurements show energy savings of 21.4%–25.4%, with total annual electricity cost savings of approximately NT$235,000 and a payback period of roughly 2 to 2.5 years. Traditional forward-curved, multi-blade blowers in the air handling units (AHU) were replaced with high-efficiency axial EC fan systems integrated with variable frequency control, reducing operating power from 31.27 kW to 23.88 kW (an energy saving rate of approximately 24%), delivering annual electricity savings of approximately 64,700 kWh per unit and an annual carbon reduction of approximately 31 metric tons of CO2e. |
| 2025 | Zhunan Facility | Over NT$26,000,000 (including EMS-system setup) | Replacement of high-energy-consuming equipment: Clean Dry Air (CDA) system. A comprehensive upgrade was initiated for aging air compressors at the site. By introducing new high-efficiency equipment, redesigning airflow paths, and reducing leaks, the specific power of the compressed air system was optimized significantly. Upon completion, the project is estimated to reduce electricity consumption by about 810,000 kWh annually, equivalent to a reduction of about 400 tCO2e. |
| 2025 | Zhongli Facility | Virtually no capital investment (achieved through parameter optimization) | Site-level energy inspection and process parameter optimization. We modified the dryer regeneration mode and optimized the overall operating logic of the air compressors, and assessed fine-tuned control adjustments for cooling tower operating frequency and load. The compressed air system can save up to approximately 5% of the site’s total annual electricity consumption, while cooling tower control adjustments can save a further 2%, for a combined total of approximately 7%. |
| 2025 | Maple Grove Facility (Minnesota, USA) | Approximately US$10,000 | High-efficiency infrastructure upgrade: office lighting replacement project. The lighting system for the offices in Buildings A and B was upgraded by replacing traditional incandescent and fluorescent lamps with high-efficiency LED lights with a lifespan of up to 10 years. Planned in 2025, this project is expected to be fully completed by the end of 2026. It is estimated to save 40,000 kWh of electricity annually, resulting in a corresponding reduction of approximately US$4,170 in annual electricity costs, with a payback period of approximately 2.4 years. |
| 2025 | Mississauga Facility (Canada) | Approximately CAD 240,000 | Scope 1 direct carbon emission control: upgrade of core thermal energy equipment. A 3M natural gas boiler replacement project was launched for the heating system, which is highly dependent on natural gas. The new equipment has an asset life of 20 years, and more advanced combustion technology will be introduced. Planned in 2025, this project is expected to be fully completed in 2026. Once the new boiler comes online, natural gas efficiency is expected to improve by 15%–20%, reducing Scope 1 direct emissions at source. Actual emissions reductions will be calculated based on natural gas consumption after the boiler is in operation. |