Interpreting Far Eastern Group's Perpetual Password from ESG Exemplary Enterprises

 

       In recent years, Far Eastern Group's efforts and achievements in promoting sustainable engineering have been evident, not only becoming a perennial winner of major sustainability awards at home and abroad, but also winning 47 awards at the ESG benchmark awards - TCSA Taiwan Corporate Sustainability Award and GCSA Global Corporate Sustainability Awards in 2023, ranking first in the group for seven consecutive years. In this issue of "Cover Story", we will share with you through these award-winning cases how companies are committed to creating a sustainable vision of environmental symbiosis and social integration with an innovative spirit.        

Top 10 Industries Partitioning and Collaborating to Achieve the "TCSA Taiwan Corporate Sustainability Award"

Top 10 Sustainable Model Enterprises in Taiwan Award: Far Eastern New Century Corporation, Far EasTone Telecommunications

        

 

        Far Eastern New Century Corporation has developed green technologies for recycling land, sea, and air resources, providing customers with green product solutions. In 2022, it continues to demonstrate its innovative capabilities, becoming the first company in Taiwan to be approved by the Ministry of Health and Welfare to recycle and reuse PET for food containers. Additionally, it is the world's first company to recycle and reuse discarded PET bottles from the ocean as jerseys, which was selected for the World Cup football tournament, And launched multiple products utilizing waste gas recovery and polyester production technology. In terms of corporate governance, the board of directors supervises climate governance and sets short-term, medium, and long-term greenhouse gas reduction targets. By 2022, 70% of the short-term targets have been achieved, and a commitment letter has been officially submitted to SBTi. A total of 18 sustainable financial products have been issued, making it a leader in promoting sustainable finance in Taiwan. At the same time, it also attaches great importance to employee rights, cultivating employee functional growth, and caring for the health and safety of workers, Excellent performance has been awarded the top 5% of corporate governance evaluation for five consecutive years, making it the only one in the same industry. In terms of social responsibility, we provide free school environmental education courses, enhance public environmental awareness, and combine Sustainability Development goals and operational growth strategies with value chain partners to jointly build a sustainable ecosystem.

        Far EasTone Telecommunications promotes ESG through three major strategies: "driving an environmentally friendly value chain," "building a distance inclusive society," and "deepening the cultivation of a smart and sustainable future." It implements full value chain management and combines "Big Data+AI+IoT" (Big Data, Artificial Intelligence, Internet of Things (IoT)) applications to leverage corporate influence. For nine consecutive years, it has been selected as one of the top 5% in corporate governance evaluation, for four consecutive years, it has been listed as a DJSI DJSI World consistency stock, for seven consecutive years, it has been listed as a consistency stock in the DJSI Emerging Markets Index, and for six consecutive years, it has been awarded the Foresight ESG Enterprise Sustainability Award "Comprehensive Performance Model Award". In addition, it has been awarded the "National Enterprise Sustainability Citizenship Award". On the environmental front, it is the first telecommunications company in Taiwan to pass the SBTi 1.5 degree net zero scenario analysis, and the only telecommunications company to receive the 2022 Sustainability Excellence Award from the British Standards Institute. It has been ranked as a CDP supplier climate change agreement management performance leader for three consecutive years and has actively joined the RE100 initiative; On the social front, it has been recognized by numerous awards such as the National Talent Development Award, the National Medical Quality Award, the ESG Special Award for Digital Transformation, and the Excellent Operation Transformation Award.

 

Top 100 Sustainable Model Enterprises in Taiwan Award: Asia Cement Corporation, U-Ming Marine Transport, Far Eastern Department Stores, FE SOGO Department Stores

　　Asia Cement Corporation takes "accelerating the promotion of recycled economy and implementing the 2050 net zero emissions target" as the main axis of sustainable operation, and implements low-carbon and green strategies internally. In 2023, it was awarded the Voluntary Reduction Performance Award by the Industrial Bureau for the 9th time and assisted the industry in moving towards decarbonization; Pursuing social integration externally, building the "Asia Cement Corporation X Tribal Cultural Integration Circle", while also continuously improving sustainable governance, passed ISO 37001 certification in 2023, and is committed to anti-corruption, accountable to every stakeholder.

        U-Ming Marine Transport collaborates with supply chain partners to build liquefied natural gas (LNG) dual fuel ships, becoming one of the earliest shipping companies in Taiwan to use low-carbon fuels. Internally, it promotes human rights due diligence, values employee diversity and gender equality, implements talent cultivation, and demonstrates excellent corporate governance and financial performance.

        Far Eastern Department Stores, with the vision of "creating a better life through sustainability", continues to implement ESG actions and has achieved outstanding performance, becoming Taiwan's first department store to be awarded the "Top 10 Global Department Store Companies with the Best Performance in Promoting Sustainability Activities" by the World Department Store Alliance (IGDS). In addition, they attach great importance to employee welfare and talent cultivation, implement corporate governance and integrity management, and demonstrate stable business performance, In 2022, both revenue and operating profit reached historic highs. Faced with climate change, the company is comprehensively promoting greenhouse gas inventory and utilizing the TCFD framework to introduce climate risk assessment and management mechanisms, striving for low-carbon transformation. The solar energy systems set up in Hualien and Taitung stores are expected to be completed next year.

        The FE SOGO Department stores, which are also part of the department store industry, actively introduce equipment and technology to practice environmental protection, and work together with suppliers, tenants, and counters to create the first retail net zero alliance for department stores, constructing a one-stop green consumption platform for sufficient purchases, committed to exerting channel influence, promoting environmental education, and leading green consumption awareness. Not only has it been recognized by the National Enterprise Environmental Protection Award five times, For the first time participating in the IIA International Innovation Awards organized by the Asian Chamber of Commerce, I was awarded the "Service and Solutions" award.

 

Everest Textile Award for Outstanding Performance in Taiwan's Sustainable Enterprises

        Based on innovation, sustainability, intelligence, and refinement, Everest Textile collaborates with upstream and downstream partners to promote Sustainability Development in various aspects such as process, fuel, energy, and raw materials, layout carbon reduction strategies, and develop sludge recycled economy to recycle green building materials and environmental protection bricks for use in domestic and international construction. At the same time, it continues to innovate and develop green products with suppliers. In addition, promoting solid education and training internally, providing rental subsidies for new employees, and retaining outstanding talents; Externally, through its "Happy Taiwan" brand, 1% of its monthly revenue is allocated as a public welfare fund to support local communities and NGOs.

 

TCSA Corporate Sustainability Report Award: Far Eastern New Century Corporation, Asia Cement Corporation, Far Eastern Department Stores, Far EastTone Telecommunications, Everest Textile, FE SOGO Department Stores, U-Ming Marine Transport, Oriental Union Chemical Corporation, Far Eastern International Bank        

        The "Corporate Sustainability Report" mainly conveys the planning and achievements of enterprises in environmental, social, and governance aspects. Far Eastern Group continues to build a low-carbon operating model and demonstrates the determination of green enterprises through practical actions. This year, the sustainability policy promotion and management effectiveness of its eight listed companies have been recognized, among which Everest Textile and Far Eastern International Bank have been awarded the "Silver Award", Oriental Union Chemical Corporation won the "Gold Award", while Far Eastern New Century Corporation, Asia Cement Corporation, Far Eastern Department Stores, Far EasTone Telecommunications, and U-Ming Marine Transport also won the highest level of "Platinum Award". It is worth mentioning that although FE SOGO Department stores are not publicly quoted entities, they have been practicing corporate social responsibility since 2015 and have independently issued sustainability reports for 9 consecutive years. They have won the Platinum Award for the second time this year.

 

Climate Leader Award: Far Eastern New Century Corporation, Far Eastern Department Stores, Far EasTone Telecommunications, FE SOGO Department Stores

        In response to the global carbon reduction vision, Far Eastern New Century Corporation, with the approval of its board of directors, has set a benchmark year of 2020 to reduce greenhouse gas emissions by 20% by 2025 and 40% by 2030, with the goal of achieving net zero emissions by 2050. Each production site is coordinated by the energy team and actively carries out various carbon reduction actions. The short-term greenhouse gas emissions target for 2022 has been achieved by 70%. In March 2023, a commitment letter was officially submitted to the Science Based Reduction Target Initiative (SBTi), announcing that the short-term target and net zero commitment will be achieved through a 1.5 ° C path. In order to seize the opportunity for low-carbon transformation, Far Eastern New Century Corporation has been promoting the Task Force on Climate Related Financial Disclosures (TCFD) impact assessment since 2019. In 2022, it will refer to the latest international scientific reports to collect climate issues again, identify climate risks and opportunity issues through the most rigorous scenarios, quantify financial shocks, and implement response measures to strengthen climate resilience.

        In the field of department store retail, Far Eastern Department Stores has rapidly transitioned to a "sustainable model" due to the frequent occurrence of extreme climate disasters worldwide. Following the 17 United Nations Sustainability Development Goals, they have established an "Energy Audit Task Force" from three aspects: environment, society, and corporate governance. They have launched EUI control plans, formulated energy-saving plans and environmental goals, and created new value in the industry.

        Coincidentally, FE SOGO Department stores have also responded to Sustainability Development goals by formulating three major strategies and energy management policies: "energy conservation and emission reduction," "sustainable consumption," and "circular business model." They have also collaborated with suppliers, consumers, and employees to promote multiple sustainable actions in response to the characteristics of each base. They are not only the first retail service provider in Taiwan to obtain "carbon labels" and "carbon reduction labels." The first department store to receive Environmental Protection Administration's inclusion of a "service-oriented carbon label" in green procurement, the first chain department store to introduce the ISO 50001 energy management system, and the first to follow TCFD's disclosure of climate related financial data, becoming the first retail department store member in the EP100 Asia Pacific region, promising to increase energy productivity by 50.52% by 2028.      

        Far EasTone Telecommunications, through its core technological capabilities, promotes low-carbon operations in over 10000 base stations and telecommunications equipment across Taiwan. It is the first telecommunications operator in Taiwan to invest in intelligent site selection for base stations, the first telecommunications operator to join the Ericsson Global Product Take Back Program, and has built its first "agricultural electricity symbiosis" solar power plant and developed algorithms to dynamically adjust the base station spectrum Pioneering the use of AI to collect operational parameters, while introducing cold air to replace cold air. After merging with Asia Pacific Telecom in the fourth quarter of 2023, we will integrate the network resources of both sides, eliminate over 5000 base stations to reduce carbon emissions, and expect to achieve net zero emissions by 2048.

 

Recycled Economy Leader Award: Far Eastern New Century Corporation, Asia Cement Corporation, Far EasTone Telecommunications, Everest Textile

        Promoting recycled economy can create a win-win situation for both environmental protection and economy. Far Eastern New Century Corporation is a global leader in the recycling polyester industry. Through its advantages of vertical integration and cross domain technological cooperation, it has achieved multiple innovative achievements in 2022, including: the first technology to use chemical recycling to complete the recycling of polyester bottle labels, and the "environmentally friendly and explosive resistant jersey" becoming the World Cup champion military jersey The combination of waste gas recovery technology and nylon 6,6 water saving process has been internationally recognized, and we are actively establishing a recycling system. In 2022, we signed a cooperation plan with AEON Vietnam to recycle PET bottles, collaborated with 7-11 to promote the recycling economy recovery system, and collaborated with IKEA to build a cloth to cloth recycling system. In February 2023, won the first place in the Australian Medro Foundation's circular evaluation, demonstrating a green achievement that is proud of the international community.

        Everest Textile also adheres to the concept of Cradle to Cradle, introducing ecological environment design, developing green processes, implementing green procurement actions and recycling of business waste, and actively developing diversified high-performance fabrics and sustainable products to meet the trend of green transformation. In addition, it creates a green ecological supply chain through cross industry alliances, such as collaborating with # tide company to turn marine waste polyester particles into clothes, reducing carbon emissions by 80%; Extracting pineapple fiber from discarded pineapple leaves as a fabric substrate to save farmers the cost of processing pineapple leaves; Collaborating with "Guantian Wujin" to develop a patented diamond shell carbonization process to remove agricultural waste and improve soil, 50% of the surplus is donated to assist rural elderly employment, elderly care, and rehabilitation buses.        

        Asia Cement Corporation also advocates a sustainable consumption and production model, replacing limestone, clay, silicon ore, and iron sand with industrial waste containing four elements of calcium, silicon, aluminum, and iron, and reducing the extraction of natural ores in terms of raw materials; In terms of alternative fuels, the industrial waste generated by the technology and paper industries is converted into the heat and mass required for high-temperature rotary kilns, reducing coal use and greenhouse gas emissions, while also considering multiple benefits such as waste treatment.

        To prevent the manufacturing industry from becoming more specialized than before, Far EasTone Telecommunications actively improves the recycling and reuse rate of telecommunications equipment from a "source design" perspective. In addition to pioneering the "smart battery swapping signal system" and using retired power batteries as the power source for transportation signals, it is also the first telecommunications operator in Taiwan to join Ericsson's "Global Telecommunications Equipment Environmental Recycling Service Plan", In the past five years, we have achieved excellent recycling results and have been awarded the "Mobile Recycling Action Plan - Gold Level" enterprise by Environmental Protection Administration.

 

Information Security Leader Award: Far Eastern New Century Corporation, Far EasTone Telecommunications        

        Given the booming development of emerging technology applications and the increasing threat of asset security, Far Eastern New Century Corporation focuses on innovation, digital technology, and AI to construct asset security governance and management mechanisms. Specifically, it aims to combine high-level enterprise management and IT management talents to promote the system of asset security chief and asset security department accountability; Verified through ISO27001 information security management system; Develop highly automated and digital asset security platforms, especially the self-developed FEASM Far Eastern Group Digital Attack Surface Management Platform, which can automatically integrate threat information, establish digital attack surface detection and rapid response, and incorporate subsidiaries into the joint defense architecture to enhance digital resilience; Combining private clouds, deploying secure and controlled Google Gen AI, utilizing generative AI intelligence to drive intelligent automation of asset security; Develop an automatic system for identifying phishing emails and social engineering drills, which can automatically create phishing drill letters based on employee characteristics, and improve internal security protection levels.

        As a leading brand in the information and communications industry, Far EasTone Telecommunications is particularly adept at both offensive and defensive aspects in maintaining information security. On the one hand, we will continue to strengthen the protection mechanisms of technology, management, and personnel, dynamically adjust resource allocation, and on the other hand, we will independently develop an intelligent monitoring platform with built-in multi-dimensional visual instrument boards and customized threat detection rules, accurately locate security risks, assist security personnel in taking proactive defense obstacles, and set up a dedicated security protection team and a 24-hour security monitoring center to regularly perform vulnerability scanning and source code detection Penetration testing and timely repair. In addition, we have partnered with Tamkang University to launch the "New Information Security Program" and actively cultivate talent in information security.

 

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

        It is urgent to cultivate high-quality talents in response to the global job shortage crisis. Far Eastern New Century Corporation has constructed a forward-looking training and development plan, attracting the best teachers and external training platforms, and optimizing training software and hardware equipment year by year to provide real-time training and development opportunities for global employees. Faced with the trend of digital transformation, it actively cultivates digital skills and thinking for colleagues, while establishing a good work environment and culture to attract and retain outstanding talents.

        Far EasTone Telecommunications aims to cultivate talents for its own enterprise while also injecting human resources into the industry, government, and academia. Therefore, it has launched a talent development project, focusing on three aspects: internal talent cultivation (workplace development), external innovation team support (employment opportunities), and promotion of future advantageous industries (national competitiveness). Its outstanding performance has won the National Talent Development Award The HR Asia Award for Best Employer in Asia has been highly recognized and evaluated.

 

Innovation and Growth Leader Award: Far Eastern New Century Corporation, Far Eastern Department Stores, Far EasTone Telecommunications

        Excellent innovation capability is the key to sustained growth and profitability of enterprises. Far Eastern New Century Corporation actively participates in capital market innovation and is the only enterprise in Taiwan that has obtained the qualification and issued four types of Sustainability Development bonds (green bonds, sustainable development bonds, social responsibility bonds, and sustainable development linked bonds), And it is the first company in the world to issue four types of Sustainability Development bonds simultaneously in the International Capital Markets Association (ICMA) Sustainability Development bond database. It continues to cooperate with large banks, extending indirect financial financing channels to domestic and foreign subsidiaries, and guiding funds to invest in beneficial social environments.

        Far EasTone Telecommunications also upholds the spirit of innovation, working together with 20 new innovation teams to explore virtual economy business opportunities. Its application scope spans across different fields such as smart cities, smart retail, smart transportation, smart finance, smart manufacturing, smart healthcare, health sports, gaming, AR/VR, NFT, etc. It actively alliances with the industry chain and government, uses its own research and development capabilities, and launches 5G police patrol Innovative services such as smart battery swapping signal and continuous power supply systems bring more convenient lives to the public.

        Driven by the easing of the epidemic and the return of crowds, Far Eastern Department Stores has demonstrated strong operational momentum, with performance reaching a new peak since its establishment in 1967, creating maximum value for stakeholders. At present, it has 12 stores in 10 cities and is the department store with the widest distribution of operating bases in Taiwan. In the next 2 years, SOGO City and Chongqing Far Eastern Group City, which will be invested in, will gradually open, with an increase of 60000 square meters in business area. The Baoqing store has also launched a reconstruction plan, making it the first department store in Taiwan to be renovated from its original site. It is expected to debut in a new style in 5 years. In addition, Far Eastern Department Stores has successfully obtained 5 smart retail invention patents, becoming the first department store in Taiwan to obtain a digital experience patent. It will gradually be implemented in new stores in the future.

 

Social Integration Leader Award: Far EasTone Telecommunications, FE SOGO Department stores

        Successful enterprises should not only pursue their own growth, but also pay attention to social needs. Far EasTone Telecommunications has launched Taiwan's first "AI Predictive Fraud Automatic Detection System" and established a "Fraud Behavior Characteristics Database" from three major aspects: smart fraud, medical rescue, and community care. This has reduced the number of fraudulent phone calls by more than 90% and created Taiwan's first 5G long-distance diagnosis and treatment system, connecting medical services in 12 counties and cities, 35 rural area clinics, and 27 specialized clinics, In addition, we will develop 5G ambulance emergency rescue services such as remote guidance before the hospital, real-time monitoring of transfers, and instant medical consultations. In addition, we will also promote dementia care and silver hair fraud prevention courses in conjunction with our store locations, committed to building a distance inclusive society.

        FE SOGO Department stores also spare no effort in promoting economic, social, and environmental development, adhering to the concept of "social harmony, sustainable co creation, and cultural empathy". In 2022, they joined hands with 1975 partners to initiate or participate in 912 social activities, benefiting more than 2 million people. In particular, the SO GOOD Good Kids and Youth Role Models Selection and Commendation, Christmas Wishes, and Home Cuisine Competition are the three fixed annual indicator activities. Each store also gathers stakeholders such as customers, tenants, counters, and employees to collaborate with enterprises and government units to develop characteristic activities, and opens up public spaces within the museum to create an "OPEN SPACE", providing local organizations and public platforms. At the same time, it also supports excellent social and creative organizations and local agricultural products, calling on the public to respond to green consumption.

 

Gender Equality Leader Award: Far Eastern Department Stores

        A friendly and equal workplace environment allows employees to fully utilize their talents, demonstrate the best service quality and work efficiency. Far Eastern Department Stores follows government regulations to formulate management policies, values labor rights and talent cultivation, respects individual differences among employees, opposes gender discrimination and workplace harassment, and cares for the physical and mental well-being of employees. They have been promoting the "Employee Health UP" promotion program for years, holding health lectures, on-site physician services, and other activities, committed to creating a safe, equal, warm, healthy, diverse, and inclusive happy workplace.

 

Integrity and Transparency Award: Far EasTone Telecommunications

        Far EasTone Telecommunications actively implements integrity governance, strengthens the functions of the board of directors internally, establishes the only board level "Risk Management Committee" in the telecommunications industry, and attaches great importance to employee communication. It releases emails every Friday and holds Town Hall every quarter. Externally, proactively announce the Factsheet and EPS every month, hold quarterly legal meetings, proactively announce financial forecasts every year, and publish the financial statements for the current year in advance within two months of the end of the year. Suppliers are also required to sign a new "Integrity Business Consent Form" every 365 days, and conduct a supply chain perpetual risk assessment and audit for any deficiencies. Suppliers who fail to improve will cease cooperation until improvements are made.

 

Workplace Welfare Leader Award: Far Eastern New Century Corporation, Asia Cement Corporation, Far EasTone Telecommunications, FE SOGO Department stores, Far Eastern Memorial Hospital

        The sustainability of enterprises comes from innovation, and the energy of innovation comes from employees. Far Eastern New Century Corporation actively promotes various occupational safety management measures, improves work environment, equipment, and work methods, and carries out risk control. It encourages workers or other stakeholders to implement the concept of safety, health, and everyone's responsibility, and shape a high-quality safety culture.

        Asia Cement Corporation has been leading the industry as early as 2022, achieving a record of no major occupational disasters throughout the year through the Performance Review of the Occupational Safety and Health Management System in the Ministry of Labor. In 2023, various operating sites also obtained third-party verification of the ISO 45001 Occupational Safety and Health Management System, and actively introduced smart work safety, establishing a biometric system for contractor personnel entry and exit control A specific construction area access control system and on-site inspection positioning and inspection point system are implemented to enhance intelligent management of occupational safety. At the same time, safety awareness is extended to the value chain and contractors, leading the Taiwan Cement Products Association safety partner program. Through on-site guidance, a systematic safety protection network is created to implement workplace health and safety.

        Far EasTone Telecommunications encourages employees to form health clubs, hold health courses and check ups, provide maternity subsidies, offer remote work and flexible working hours, invite family members to participate in holiday activities, renovate office buildings to create a comfortable working environment, take care of employee needs, and improve employee satisfaction with the six hearts of care, concern, happiness, kindness, thoughtfulness, and unity.

　　Far East SOGO Department Store is the first department store to provide employees with vaccination rewards during the epidemic. In 2022, it will continue to revise the industry's most responsive epidemic prevention guidelines, promote paid epidemic prevention leave that is better than the law, and provide condolence funds to colleagues/counter partners diagnosed and quarantined. In addition, in order to raise awareness of international occupational safety and health risk management among colleagues, the ISO 45001 occupational safety and health management system has been introduced, and seed plans have been constructed in each store to create the first place in department stores and retail. In response to high turnover and job shortages, starting from 2022, a comprehensive salary increase of over 4% has been implemented for two consecutive years, the largest among chain department stores.

　　In addition to establishing environmental safety and health seeds, Yadong Hospital has also created a self created safety and health abnormal event reporting system to fully prevent occupational disasters, and encourages colleagues to participate in various health promotion activities and promote I'MSAFE mechanism provides various stress relief programs or psychological counseling to create a balance between body and mind in the workplace. In terms of supplier and outsourcing management, relevant safety regulations are formulated, regular education and training are held, free smoking cessation and health education consultations are provided, and suppliers are required to sign a social responsibility commitment letter for evaluation.

 

Sustainable Supply Chain Award: Far Eastern Telecom

　　Far Eastern is committed to expanding its sustainable influence and actively promoting local and green procurement. Not only is it the first telecommunications industry in Taiwan to obtain ISO 20400 certification for sustainable procurement guidelines, but it has also issued the first sustainable procurement report for the telecommunications industry and launched a supply chain carbon inventory, with SBTi 1.5° The C carbon reduction path sets the 2030 carbon reduction target for the supply chain, and invites upstream and downstream manufacturers of the value chain to jointly hold circular economy workshops to seek solutions; Joining hands with the Academia Sinica Biodiversity Center to hold the first telecommunications industry biodiversity seminar across Taiwan, exploring the impact of base platform construction and supply chain activities on biodiversity.

 

Global Corporate Sustainability Award (GCSA) sets new benchmarks for Far East New Century, Asia Cement, Far East Department Store, and Far East SOGO Department Store

　　The excellent sustainable business strategy of Far East New Century, following last year's selection for the Silver Award in GCSA's sustainability report, has taken it to the next level this year and received recognition for its Gold Award; In addition, Asia Cement and Far East Department Store both won the Bronze Award; Asia Cement and Far East SOGO Department Store were respectively awarded the "Best Case Award - Outstanding Case" for their outstanding project performance.

Best Case Award - Outstanding Cases: Asia Cement, Far East SOGO Department Store

　　By utilizing the high temperature characteristics of rotary kilns, Asian cement not only effectively assists governments and different industries in processing waste, but also converts it into alternative raw materials and fuels, reducing the consumption of natural resources and greenhouse gas emissions in the cement process. Taking Hualien Factory as an example, in 2021, approximately 300000 tons of alternative raw materials were used to reduce greenhouse gas emissions by approximately 68000 metric tons. In 2022, we will obtain co fired coal ash, reduced slag, waste rubber, and solid recycled fuel… The environmental protection license for low-carbon waste as alternative raw materials and fuels is expected to further expand the environmental benefits of the circular economy in the future.

　　Since obtaining the first "carbon label" in the department store industry in 2015, Far East SOGO has made energy conservation, promoting environmentally friendly shopping, and adopting a circular economy model one of its main ESG strategies. In 2022, we will become the first retail service provider in Asia to join the EP100 program, and continue to integrate environmental protection concepts into daily operations, implement energy management and energy-saving measures, advocate green procurement, invite customers to join the ranks of green consumption, and create a green corporate culture.

　　On the other hand, Far East SOGO Department Store also collaborates with stakeholders to establish a public welfare ecosystem, bringing together department stores, suppliers, the public, media, and celebrity effects with brand advantages, caring about specific issues, helping the government supplement public forces, and promoting children's welfare work. Among them, "SO GOOD Good Children and Youth Role Models Selection and Commendation" is one of the main public welfare activities.

 

2023 Global Corporate Sustainability Award (GCSA)/Taiwan Corporate Sustainability Award (TCSA) Far East Group Award Results

#