Far Eastern Department Stores and SOGO win the Asia Pacific Retail Alliance Award

        The Asia Pacific Retail Alliance (FAPRA) held the "Asia Pacific Retail Conference (APRCE)" in Sri Lanka in September, during which the "Asia Pacific Retail Alliance Awards" were simultaneously presented. Far Eastern Department Stores was awarded the "Country Awards" for their excellent performance in "efficient and environmentally friendly operations" and "environmentally friendly green services"; FE SOGO Department stores also received the FAPRA ONLINE AWARD - Best Efforts in Social Responsibility. Among them, Far Eastern Department Stores has once again won the "Best Corporate Social Responsibility" award at the 19th Conference in 2019, becoming the only department store in Taiwan to receive dual champion awards from the Asia Pacific Retail Alliance.

        Far Eastern Department Stores Returns National Model Award for Retail Enterprises, Green Operations Recognized Internationally

                The 2024 Asia Pacific Retail Conference, with the theme of "Redefining Retail in the Asia Pacific Region: From Transactions to Transformation," explores how the retail industry has evolved from commodity transactions to a transformative force that affects society, culture, and the economy, attracting over 350 retail expert leaders from 18 countries. Nancy Hsu President stated that the retail industry contributes over 10% of GDP and is an important force for economic growth. In the process of transformation, integrating ESG is a key strategic direction; Far Eastern Department Stores has always been committed to implementing environmental sustainability concepts in various operational details, and has been promoting green building design and green consumption services for a long time, accumulating rich achievements. We hope to make every customer feel the company's commitment and actions towards environmental sustainability.

        Far Eastern Department Stores adheres to the concept of "Lead a Green Life", implements seven major green actions and regularly tracks their results to reduce the impact of operations on the environment, and leads the industry. Since 2011, all shopping malls that have opened have green building designs that comply with "energy conservation, waste reduction, health, and ecology". In 2023, the Zhubei store obtained the "Gold Level" green building label. In addition, Far Eastern Department Stores has achieved fruitful results in promoting energy-saving projects for a long time. In the past six years, it has successfully reduced the electricity consumption per NTD1 turnover by 17%. It has also launched a green power plan and installed solar energy equipment to achieve self use of green power. It is expected to achieve an annual output of 1 million kWh of green power by 2024, contributing to the global net zero by 2050.

        In terms of green procurement and consumption, Far Eastern Department Stores prioritizes the purchase of environmentally friendly products with low energy consumption and low pollution. For seven consecutive years, it has been awarded the "Green Procurement Outstanding Enterprise" by the New Taipei City Government. By 2023, the green procurement rate has reached 100%, and the mall provides over 20000 environmentally friendly branded products to encourage customers to implement environmental protection in their consumption process. Far Eastern Department Stores has won this award, once again demonstrating the effectiveness of green retail and receiving international recognition. In the future, we will continue to improve the environmental standards of department store operations, create green shopping malls, and contribute to creating a better environment.

        FE SOGO Department stores' practice of social responsibility recognized by Asia Pacific Retailers Alliance

                FE SOGO Department stores have become a benchmark for green department stores in Taiwan, aligning with international performance standards. Following being awarded the "Corporate Excellence Award" by the Asia Pacific Chamber of Commerce (APEA) in August, this year's event focused on cultivating new startups and promoting low-carbon diets, creating a sustainable ecosystem through big and small initiatives. It received recognition from multinational judges and won the "FAPRA Online Award - Best Efforts in Social Responsibility" from the Asia Pacific Retailers Association (FAPRA), making it the only department store to be selected for this award.

        Sophia C.W. Huang Chairman stated that department stores are not only shopping places, but also channels and platforms for fulfilling sustainability development, with a heavy responsibility to influence consumer behavior; Over the years, FE SOGO Department stores have received recognition from more than 200 sustainability related awards both domestically and internationally. They have actively responded to international initiatives and joined international organizations, taking the lead in Taiwan's department stores to exert channel influence and lead stakeholders to embrace the global trend of sustainability. Through five major dimensions of "sustainable procurement," "sustainable eating," "sustainable product selection," "sustainable action," and "sustainable non waste," FE SOGO Department stores design sustainable consumption journeys to help customers change their consumption habits and move towards a net zero green lifestyle where everyone loves the earth.

        FE SOGO Department stores is the first department store in Taiwan to hold large-scale small agricultural exhibitions and social entrepreneurship exhibitions. Combining marketing creativity and channel characteristics, it integrates concepts such as sustainable consumption and low-carbon living into organizational operations and service processes. With a strict coaching mechanism, it sets up the last mile for small farmers and social entrepreneurship to enter the department store market: through more than half a year of communication with small farmers through selection and marketing resources, it assists in exposure, and provides feedback data after the event, so that small farmers have the willingness and ability to participate again. Make good use of channel expertise and partnerships, cultivate brands that are socially and environmentally friendly, and strengthen their own sustainable influence.

        In addition, FE SOGO Department stores Zhongxiao Hall holds the "largest small-scale agricultural exhibition in Taiwan" every year, cultivating a growing and sustainable consumer base year by year. With 11 events, a total of 96000 transactions have been made, and the average transaction price has been increasing year by year. The leading single store leads green consumption, and various stores have responded one after another. So far, a total of 93 small-scale agricultural activities have been held across Taiwan, benefiting 1.62 million people. FE SOGO Department stores have become the "number one brand of department store small agricultural exhibitions".

        The Small Agricultural Exhibition also laid the foundation for FE SOGO Department stores to become a "sustainable business selector". FE SOGO Department stores leads all department stores in Taiwan, focusing on sustainable business selector "SOGO Sustain Good Products to Choose" and strictly selecting sustainable products based on seven major indicators; In 2023, SOGOplus, the first ESG focused e-commerce platform for department stores, will be launched to promote high-quality agricultural specialties from small farmers around the clock, as well as SOGO Sustain sustainable product selection, leading customers to transition to green consumption without pain.

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