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01.2021 Cover Story

FEG sets up a model of sustainable development in Taiwan.

Far Eastern Magazine / Editorial Room
365B01        While pursuing excellence, Far Eastern Group is also committed to improving the quality of social environment. Half a century ago, far eastern group took a sustainable step. Today, in its 72nd year, it still continues to exert its influence. Through its own practice and working with partners, it is deeply engaged in sustainable management and is ready for the next era.

        Taiwan Corporate Sustainability Award (TCSA) far eastern group 30 awards set a benchmark

        Taiwan Enterprise Award for top ten sustainable models: Far Eastern New Century Corporation, far EasTone Telecommunications

        Far eastern New Century Corporation has drawn up a blueprint of sustainable strategy and adopted rolling management methods. It not only creates green products and promotes environmental protection concepts, but also fully assists the whole people in fighting the epidemic, and continues to promote the improvement of the project and risk management system. In the 53 years since its listing, the company has distributed dividends every year to its profits, taken care of its employees, and focused on cultivating international talents; Externally, we will join hands with supply chain partners to jointly implement supply chain sustainability development and create maximum value for stakeholders.

        365B02        Far EasTone telecommunications relies on the 5g bandwidth advantage of "tuna belly" to implement the 5g technology layout, promote the "big data + AI + IOT" innovation strategy integrating the three core elements of the telecommunications industry, namely, big data, artificial intelligence and Internet of things (IOT), and combine the five dimensions of "go prosperus", "go innovative", "go caring", "go inclusive" and "go eco", Create a smart and friendly living environment.

        Top 50 Taiwan Sustainable Enterprise Awards: Far Eastern Department stores, Fe SOGO Department Stores

        Far Eastern Department Stores continues to inject innovative elements from multiple perspectives. In the economic headwind of 2020, it has become a very rare model student with excellent performance in department stores. It has also reshaped the brand value of the enterprise with "leapfrog thinking" to drive the sustainable growth of the enterprise. The latest fifth generation store, Far Eastern Department Stores Xinyi A13, has built the only full customer level smart mall in Taiwan, leading Taiwan's retail industry to a new milestone.

        365B04        Fe SOGO Department stores, which is also a department store, continues to cultivate the "six key forces for sustainability". It sets an example of common good in the business circle from the aspects of innovative management, high-quality goods, moving service, happy workplace, caring platform and sustainable environment. It not only invites sports instructors to create a healthy workplace, but also deepens focus management. With the five major clubs and SOGO apps, it provides customers with a more convenient shopping journey, It also makes use of the characteristics of retail channels to maximize the influence of public welfare, and makes department stores the best field for green education.

        Taiwan Sustainable Enterprise Performance Award: Asia Cement Corporation

        Focusing on ESG sustainability issues, Asia Cement Corporation is not only the first cement company in the world to obtain three carbon / water footprints of cement products and third-party verification of recycled economy, but also actively promotes the scientific reduction target SBTI, internal carbon pricing, and formulating water resources management policies. In addition, in order to expand eco-environmental education, Asia Cement Corporation has also continued to hold a Taiwan tour exhibition of Asia Cement Corporation's Eco Park. At the same time, it provides employees with a safe and healthy working environment and a diversified and inclusive workplace.

        TCSA Sustainability Report

        Far Eastern Group has long performed brilliantly in the practice of corporate social responsibility. This year, as many as eight companies' corporate sustainability reports have been recognized by TCSA. Not only the Chinese reports of Far Eastern International Bank and Oriental Union Chemical Corporation won the "Silver Award", but also Asia Cement Corporation, Fe SOGO Department stores and U-Ming marine transport won the "Gold Award"; Far EasTone telecommunications and Far Eastern Department stores both won the "Platinum Award". In particular, Far Eastern Department stores is the only company in the retail industry to win this award this year; As for far eastern New Century Corporation, in addition to its Chinese report winning the "best report of the year", its English report was also awarded the "Gold Award" to achieve another success.

        Recycled economy leader award: Far Eastern New Century Corporation, Asia Cement Corporation

        As the world's second largest recycled polyester manufacturer, far eastern New Century Corporation has actively expanded overseas in recent years, expanding its territory to the United States, Taiwan, Japan and China. In addition to cooperating with customers to build green products and practice recycled economy, we are also committed to publicizing the concept of environmental protection to the society, and fully cooperate with the government to promote Taiwan's green energy to the international community and enhance Taiwan's international image. In the future, we will continue to increase the recovery capacity and invest resources to develop chemical recovery and recycling technology for textiles, so as to maintain a world-class leading position in the field of recycled economy.

        365B05        Asia Cement Corporation follows the United Nations sustainability development goal sdgs12 to ensure a sustainable consumption and production mode, constructs an "arteriovenous industry integration system", formulates "measures for the acquisition and reuse of recycled economy raw fuels" and "operating procedures for the management of recycled economy", and converts the treatment of raw wastes into an endless resource circulation mode, so as to reduce the consumption of natural resources Sustainable benefits such as reducing greenhouse gas emissions and creating employment opportunities.

        Climate Leadership Award: Far Eastern Department stores, far EasTone Telecommunications

        In the face of environmental changes, Far Eastern Department stores has established an "energy audit task force" to carry out reforms from building intelligent equipment and replacing energy consuming equipment, and gradually implement the low-carbon goal. At the same time, we will further cooperate with counter brands to require the use of energy-saving equipment in the counter, or respond to the government and international calls to hold a series of energy-saving activities to promote a low-carbon economy in the retail industry.

        Far EasTone telecommunications takes advantage of the advantages of the telecommunications industry, adopts green packaging and combines big data to optimize the logistics route to reduce the pollution during logistics transportation; In view of the pollution of discarded electronic products, far EasTone telecommunications resells display machines, off-season mobile phones and accessories to second-hand merchants or far EasTone telecommunications outlet outlets, and sets up a mobile phone recycling station in the outlets to hand over to legal operators for disposal. At the same time, it encourages customers to use electronic bills and become a member of the paperless world.

        Talent Development Award: Far Eastern New Century Corporation, far EasTone Telecommunications

        Far eastern New Century Corporation takes vertical integration as its strategy and intelligent manufacturing as its weapon, and actively moves towards international layout. Since 2019, we have launched the "digital innovation talents" and "international talent training" programs to strengthen the quality and quantity of talents through diversified training. We hope that the new generation of far Easterner will have the strength of "digital innovation" and lead the transformation of enterprises.

        Far EasTone telecommunications has long listed talent management as one of the strategic objectives of the company's sustainability development. In addition to offering multi-faceted training courses, it also encourages employees to obtain professional certification of digital ability. At the same time, it also stimulates employees' happiness through an equal opportunity employment environment, good salary and welfare, smooth communication channels, and incentives to cultivate work achievements.

        Social inclusion Award: far EasTone Telecommunications

        Far EasTone telecommunications integrates online and offline resources to fully realize "mobile tutor" and "cloud tutor". It also builds "far EasTone telecommunications environmental protection question bank" and "E-Learning question bank" on pagamo platform, bringing "game based education" into rural areas and improving students' learning motivation. At the same time, with the help of app and volunteers, we will provide rural areas students with scientific and technological experience and smart life, and gradually reduce the resource gap between urban and rural areas.

        Innovative growth Award: Far Eastern Department stores, far EasTone telecommunications, Far Eastern International Bank

        Far Eastern Department Stores accelerated the digital transformation, taking "sustained store development, enhanced experience, innovative management, good use of technology, and development of online shopping" as the five growth drivers. Far Eastern Department Stores Xinyi A13 makes good use of digital technology to enable customers to enjoy shopping convenience and customized services, and establishes a customer relationship management (CRM) system, combining big data analysis and accurate marketing. In addition, the management department continued to promote e-ization, build an action office (EIP), and improve employee productivity.

        Since 2019, far EasTone telecommunications, together with Liteon and Taoyuan municipal government, has promoted the "Taoyuan smart street lamp replacement project", creating economic benefits, reducing accident social costs, mitigating climate change and air pollution emissions, and creating a total of 179.13 million yuan of sustainable benefits every year. In the future, it will further use IOT networking technology, combined with advanced machine learning and big data analysis, to establish AI models, provide people and vehicle flow analysis, image recognition, air detection and other applications, and create more intelligent value.

        In line with the financial scene needs of the generation Y group, Far Eastern International Bank takes the community as the core, combines 10 innovative patents, and integrates a number of creative elements to create the first community bank in Taiwan -- Bankee. At the same time, it creates a "Bankee financial department store". It uses the open API to modularize financial services and deepen its connection with consumers.

        365B06        Transparency and integrity Award: far EasTone Telecommunications

        Far EasTone telecommunications adheres to the "code of good faith operation" and the "code of ethical conduct", implements the enterprise's good faith operation, sets up a shut-down system, requires relevant stakeholders to comply with it, and has a complaint channel. On the other hand, far EasTone telecommunications has also set up the only "risk management committee" composed of independent directors in the telecommunications industry to comprehensively implement enterprise risk management through organizational operation at different levels.

        Supply Chain Management Award: far EasTone Telecommunications

        Far EasTone telecommunications has formulated four strategic directions to strengthen the sustainable value of the supply chain through integration, communication and cooperation. In 2019, the ESG selection mechanism for new suppliers was launched. At the same time, the ESG selection mechanism was implemented for large-scale key cases. In the supplier conference at the end of the year, the first group of the industry's first team joined hands with the sustainable vanguard to deepen the connection between suppliers and far EasTone telecommunications and Taiwan's local social care.

        365B03        For the first time, Yazhou cement uses the converter stone fines from steel mills as alternative raw materials for limestone and iron sand. It is estimated that by 2030, the greenhouse gas can be reduced by 20%, the process water recovery rate is more than 85%, and the fuel substitution rate is 15%. It was selected as the "Best Practice Award - Emerging Market - great practice".

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