To respond to the sustainability trend and actively guide our internal sustainability programs, the Company announced the new version of "Phison Environmental Protection Policy", which involves our commitments to protect the natural environment in an appropriate way according to environmental legislations and international standards, and to endeavor to achieve the goal of environmental sustainability in the course of our business activities and internal control by devoting to energy conservation and autonomous carbon reduction. The Company continued to obtain ISO 14001 Environmental management systems for the design and assembly processes of our flash memory storage devices and flash memory controller chips. We also focus on recycling and energy conservation policies to reduce the impact of our business activities on the environment.
Phison are committed to environmental protection. By examining the life cycle of our products, we have been able to understand the actual and potential impacts of our products on the environment at each product stage, and strategies and objectives were planned ahead to reduce the environmental impacts. The product life cycle consists of the following stages: raw material procurement, design, packaging, transportation, and end-use. The action plans for each product stage are as follows:
Through constantly developing and improving product performance, our R&D team helped reduce the GHG emissions generated by end users, and in doing so contributed our humble effort to alleviate global warming. Taking the line of major developed product as an example, the latest generation products consumed 16%-20% less energy than their predecessor. Based on the statistics on the energy consumption data and the shipments data of the products of the latest generation in 2021, when used in terminal products, they help reduce electricity consumption by 22,499,545 kWh (equal to 80998.36 gigajoule) per year, representing a reduction of 11,294.77 tons of CO2, which is equivalent to the annual electricity consumption of 5,530 households.