HSINCHU, Taiwan, April 20, 2021 /PRNewswire-PRWeb/ -- As extreme weather drives the increasing appeal and demand for green products globally, circular economy has been considered as the powerful weapon to fight against climate crisis. During Touch Taiwan 2021, AUO will demonstrate how it successfully boosts the performance of circular manufacturing through solid, innovative and profound technologies applied in every aspect of product stages in the exhibition themed "The Circular Transformation of Product Life Cycle." AUO will also share its achievements of product applications as well as green production through the strategic alliance with value chain partners.
Early in 2008, AUO has made its commitment to the environment based on the comprehensive concept of circular production. By setting the target, mechanism and platform, AUO has laid the foundation of circular economy and actively shape the future to respond to the United Nation's SDGs (Sustainable Development Goals) "Responsible Production." Taking 2017 as baseline, AUO scales up the benefits of circular economy through various actions and devotes to the goal to reach a growth rate of 135% by 2025. By 2020, through recycling process material, reducing water consumption and waste, designing and marketing of circular products, AUO has achieved nearly 58% of target, ahead of the planned schedule. For environmental indicators evaluating circular production performance, AUO also surpasses itself year by year. Indicators including processed water recycled rate up to nearly 95%, packaging material from supply chain recycled rate up to 96%, and waste reuse rate of 83% have fully demonstrated AUO's fruitful results from relentless technologies enhancement, new ideas adoptions, and alliance with multi-faceted value chain partners.
To make consumers and partners from upstream and downstream of value chain thoroughly understand AUO's belief and persistence toward the value of circular economy, in this exhibition, AUO will showcase the introduction of recycled plastics at design stage, recycling defected glasses and recyclability, etc. Furthermore, to respond to the challenging drought issue that confronted Taiwan currently, AUO also presents the self-developed processed water recycled system that allows AUO to agilely distribute water resource and reduce the operation impacts. In addition, AUO will also share its experiences of promoting recycled water knowledge in the environmental education field GreenArk, as well as the milestone of establishing "AUO Envirotech," an AUO subsidiary specialized in sustainable water resource management.
In terms of green manufacturing practices, AUO devotes to the reduction and circular process of industrial wastes, liquid wastes recycling and building strong alliance with suppliers to integrate innovative technologies for wastes added-value, which transforms them into raw material for industrial or consumer products. AUO's achievements include transforming quenched waste copper liquid into highly-purified copper tube, reusing the purified waste alignment material in manufacturing process. AUO will presents how it carries out circular production from sourcing to waste management, including minimization of raw material and innovative waste reduction measures developed at the manufacturing stage.
For green packaging and transportation, AUO focuses on the development of sustainable logistics, efficiently reducing the waste of resources through the design and recycle of packaging materials. At Touch Taiwan 2021, AUO will present the concept of "Shared Packaging Material" awarded by iF Packaging Design Award and Golden Pin Design Award to verify the balancing concept of product safety and resource sharing. The design can cut down value chain waste and eliminate the environmental impacts brought by product delivery.
Besides various physical exhibits, to extend AUO's core technologies of display, Amy Ku, AUO Chief Sustainability Officer will share the experiences of promoting circular economy, forging consensus and building cooperation with value chain partners, under the speech title "Circular Economy: AUO and the Industry's Challenges and Opportunities"
Looking forward, AUO will continually implement comprehensive circular economy strategies and strengthen the alliance with value chain partners to proactively promote sustainable products and increase the efficiency of resource utilization. AUO will also team up with suppliers to carry out green purchasing, recycling to fulfill its commitment to the public, as well as create more green business opportunities through various environmental-friendly practices.
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ABOUT AU OPTRONICS
AU Optronics Corp. ("AUO") is one of the world's leading providers of optoelectronic solutions. Based on its profound R&D and manufacturing experience, AUO offers a full range of display applications and smart solutions integrating software and hardware, and leverages its core expertise to enter new business areas such as solar, smart retail, general health, circular economy and smart manufacturing service. Additionally, AUO has also been named to the Dow Jones Sustainability World Index since 2010. AUO's consolidated net revenues in 2020 were NT$270.96 billion. For more information, please visit AUO.com.
Safe Harbour Notice
AU Optronics Corp. ("AUO" or the "Company"), a global leader of TFT-LCD panels, today announced the above news. Except for statements in respect of historical matters, the statements contained in this Release include "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on our management's expectations, projections and beliefs at the time regarding matters including, among other things, future revenues and costs, financial performance, technology changes, capacity, utilization rates, yields, process and geographical diversification, future expansion plans and business strategy. Such forward looking statements are subject to a number of known and unknown risks and uncertainties that can cause actual results to differ materially from those expressed or implied by such statements, including risks related to the flat panel display industry, the TFT-LCD market, acceptance of and demand for our products, technological and development risks, competitive factors, and other risks described in the section entitled "Risk Factors" in our Annual Report on Form 20-F filed with the United States Securities and Exchange Commission on March 27, 2020. In addition, our SEC reports, including our Annual Report on Form 20-F contains other information on these and other factors that could affect our financial results and cause actual results to differ materially from any forward-looking information we may provide. We undertake no obligation to update or revise any forward-looking statements to reflect subsequent events, new information or future circumstances.
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