Far Eastern Group won 37 prizes in 2019 GCSA TCSA,being the first in Taiwan

        The 2019 GCSA TCSA Global and Taiwan Corporate Sustainablity Award hosted by Taiwan Institute for Sustainable Energy held a grand award ceremony on November 28 at The Grand Hotel to recognize the outstanding corporation in sustainability, hoping to enhance the sustainability competitiveness of global enterprises. Nine affiliated enterprises of Far Eastern Group won 37 awards, ranking the first among Taiwan's business group. And Far Eastern Group Chairman Douglas Hsu won the top honor Professional - World Class of Global Corporate Sustainability Award and received the award form Vice President Chen Jianren.

        

        

        At the 70th anniversary of the founding of Far Eastern Group this year, Chairman Douglas Hsu led the group to establish benchmark in sustainability development such as business operation, social participation and environmental protection. After the "special achievement award" of Asia Pacific Entrepreneurship on October this year, he won the 2019 Professional - World Class of Global Corporate Sustainability Awards again.

        

        

        This year, a total of nine affiliated enterprises of Far Eastern Group won 37 awards in GCSA and TCSA, ranking the first in Taiwan again. Chairman Douglas Hsu received the award on behalf of the parent company of the group, Far Eastern New Century Corporation, and it won the Best Practice Award - World Class - Outstanding Practice,which is the only enterprise in the world that has won the award. Far EasTone Telecommunication has won ten awards, including " TCSA Ten Sustainability Models of Taiwan Corporate Award" and "GCSA Reporting Award - World Class". Asia Cement Corporation won the "GSCA good performance case Award" for the first time this year. In addition, Far Eastern Department store, Pacific SOGO Department store, U-Ming marine transport, Oriental Union Chemical Corporation, Far Eastern International Bank, Far Eastern Big City Shopping malls and other enterprises also won the "Taiwan Top 50 Sustainability Corporate Award" and "Single Performance Award", "Corporate Sustainability Report Award" and many other awards.

        

        

        Chairman Douglas Hsu is very proud of the achievement of Far Eastern Group. Douglas Hsu said: "Far Eastern Group adheres to the concept of" taking it from the society and using it for the society "to run the enterprise. The group staff identify the corporate culture of Far Eastern Group and continue to create value for the society through the efforts of the affiliated companies. Since 5 affiliated companies won "TCSA Corporate Sustainability Comprehensive Performance Award" and in terms of "Single Performance Award", Far Eastern Group affiliated enterprises has won 17 awards in 7 categories including innovative growth, social participation, environmental protection, recycled economy, creative communication, gender equality, employee welfare and cultural heritage and other multiple aspects, it shows that each affiliated enterprise of Far Eastern Group uses its own core expertise to develop the corporate sustainability in an all-round way.

        

        

        In the award-winning part of the individual company, Far Eastern New Century Corporation is deeply involved in recycled economy, its environmental-friendly and green products are strongly recognized by international brands, being the model of recycled economy in polyester industry. Based on this business model, it won the Best Practice Award - World Class - Outstanding Practice. Far EasTone Telecommunication continues to deepen the layout of 5G and big data, artificial intelligence, Internet of things (IOT) (big data + AI + IOT) to meet the approach of the 5G and alliances with ecological partners in various fields, integrates with international sustainability trend, responds to the United Nations' Sustainability Development Goal (SDGs), combines sustainability strategy with enterprise operation, and sets clear medium and long-term goals. Asia Cement Corporation continues to promote the "green sustainability cycle" and "sustainablity governance cycle",which was recognized by the judge for the sustainable operation determination and achievement.

        

        

        Far Eastern Group won three awards in this year's retail business. The Far Eastern Department store has been awarded the "Innovative Growth Award" for four consecutive years for its smart retail layout based on new technology. It focuses on "digital operation, digital experience and digital management" to build digital department stores, enabling the 52 year old Far Eastern Department store to break away from the traditional framework and provide customers with unique digital experience. The Pacific SOGO Department store practices the sustainable operation of enterprises with its innovative operation, high-quality goods, moving service, happy workplace, caring platform, sustainable environment, and is hailed as a CSR model in the department store industry by the media. It has won the "Taiwan Top 50 Sustainable Enterprise Award" for three times. Far Eastern Big City Shopping Malls won the "social integration" award for the first time. In 2018, Far Eastern Big City Shopping Malls held the Hsinchu A Cappella International Art Festival to promote the inheritance of native culture and ballads with the theme of "Hakka Ballads".

        

        

        In addition, U-Ming marine transport, Oriental Union Chemical Corporation and Far Eastern International Bank all won the "Corporate Sustainability Report Award". Through the publication of corporate social responsibility reports, they fully disclosed the company's policies and performance of E (environment), S (Society) and G (Governance) , and communicated with stakeholders.