This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
XAC Automation Corporation is a Taiwanese electronics manufacturer whose operations generate significant greenhouse gas emissions. The company's 2023 annual report discloses Scope 1 emissions of 1,354 metric tons of CO2e and Scope 2 emissions of 13,394 metric tons of CO2e, totaling 14,748 metric tons of CO2e. This results in a carbon intensity of approximately 8.8 metric tons of CO2e per million New Taiwan Dollars (NT$) of revenue, a figure that is high relative to electronics manufacturing peers. The company has not set a Science Based Targets initiative (SBTi) commitment or announced a net-zero target, indicating a lack of structured governance around emissions reduction. Its reported climate strategy focuses on incremental efficiency improvements rather than a transformative decarbonization plan aligned with sectoral pathways.
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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