Acer continues to evolve with the industry and lifestyle changes, which we believe is the key to creating business growth and sustainability in the long term. A fundamental concern across all industries, the subject of climate change has become more critical than ever. In 2021 we declared our mission to help tackle environmental challenges with the Acer "Earthion" platform, that unites the strengths of our employees and supply chain partners, to effectively expand the social impact of our sustainability efforts. In the same year, we renamed our sustainability taskforce as “Acer ESG Office,” which not only reflects how we embed environmental, social, and governance (ESG) into our corporate actions, but also how the office serves as a platform for collaboration with our stakeholders and a catalyst for sustainable innovation.
Many goals and commitments were set in 2021, among them, we joined the RE100 initiative and pledged to source 100% renewable energy by 2035. We set a goal to reduce average personal computer energy consumption by 45% by 2025, compared with 2016. As an advocate for circular economies, Acer launched the Vero line of green laptops, desktops, displays and accessories, which utilize recycled plastic, recyclable packaging, and ocean-bound plastic waste. These commitments also respond to the UN’s SDG 12 for responsible consumption and production, and SDG 13 for climate actions. Since our adoption of the global disclosure system of the Carbon Disclosure Project (CDP) in 2008, to manage the environmental impacts of our supply chain, we have expanded the system to two tiers of supplier engagement and plan to expand to three tiers of suppliers in 2022.
For the fifth straight year, Acer’s global ESG Project Awards highlighted the social responsibility initiatives and the passion from our employees worldwide. As a technology company, our projects sought to promote digital equity, and break barriers between people and technology. With focuses on education and the environment, Acer has been helping disadvantaged groups, such as providing computers for the blind and teaching them to use assistive technology, and refurbishing computers and providing literacy education for veterans to help them get into the work force. Our employees have also initiated various green actions such as planting tens of thousands of trees in collaboration non-profit groups to protect the environment.
In regards to geopolitical and social impacts, our priority is always the safety of our employees and their families. As the Covid-19 pandemic lingers on, our company has been working hard to help people cope with the challenges by providing them with the technology to stay connected for study, work, or in touch with their loved ones.
Acer’s strategy to maintain sustainable operations by building multiple business engines continues to gain momentum and has seen viable growth, by contributing to 17.6% of Acer’s overall revenues in 2021. Importantly, our shareholders have the opportunity to invest in the new engines as they go public, so that shareholders can have their share of voice and be part of the business development, and ensuring that we adhere to proper governance.
Our corporate responsibility efforts have consistently been recognized by global sustainability indices. We were awarded with a Silver Class distinction in the S&P Global Sustainability Yearbook in both 2021 and 2022 for the top ESG scoring companies. We were listed in the MSCI ESG Leaders Indexes for the eighth year, and garnered the best rating of “AAA” for the first time that represents the top 2% in its category. And for the eighth consecutive year we have been listed in the Dow Jones Sustainability Indices Emerging Markets Index.
With our stakeholders’ support we’ve navigated through these ever-challenging times and tested our company resilience. We will continue to communicate transparently and strengthen the resilience of our company.
