02.2025 Cover Story
Far Eastern Group connects with sustainable energy to dominate Taiwan
Far Eastern Magazine / Editorial Room




Taiwan's Top Ten Sustainable Model Enterprises Award: Far Eastern New Century Corporation 、 Far EasTone Telecommunication

Far EasTone Telecommunications not only promotes low-carbon operations with the power of telecommunications technology, but also becomes the first telecommunications operator to pass the SBTi 1.5 ° C net zero scenario review and the only one to be listed as a CDP supplier climate change negotiation management performance leader for four consecutive years. It actively invests in digital transformation, smart cities, smart healthcare, and other fields to assist in solving money laundering, fraud, remote healthcare, transportation, and other problems, creating a seamless and inclusive society. On the other hand, we are also committed to cultivating telecommunications technology talents, creating a friendly and healthy workplace, and are also talented in corporate governance. We have been selected as the first in the global telecommunications industry in the DJSI World Index.
Taiwan's Top 100 Sustainable Model Enterprises Award: Asia Cement Corporation 、 Far Eastern Department Stores 、 U-Ming Marine Transport 、 FE SOGO Department stores
Asia Cement Corporation is the only company in Taiwan's cement industry to annually fulfill its SBTi (Science Based Reduction Target Initiative) commitment. It has already achieved the first phase goal by 2025 ahead of schedule in 2024 and is continuously strengthening carbon management and technological innovation to support global climate action with practical results. On the other hand, in terms of corporate governance, the company also demonstrates transparency and responsibility, and promotes the ISO 37001 anti bribery system, demonstrating its determination to have zero tolerance for bribery and corruption. In terms of talent development, low turnover rates are maintained through employee stock ownership trusts and cross departmental training.
Far Eastern Department Stores continues to implement ESG actions and is committed to expanding its social contribution and positive impact. In addition to comprehensively promoting greenhouse gas inventory and using the TCFD framework to introduce climate risk assessment and management mechanisms, it has also launched a green power plan to reduce carbon emissions by 30% by 2030. In addition, the company also attaches great importance to employee welfare and talent cultivation, and has achieved outstanding results in operational performance. It has not only won multiple awards at home and abroad, but also been ranked among the top 3 most innovative department stores in the world by the International Department Store Federation (IGDS). It recognizes the company's sustainable achievements in promoting digital transformation, innovating consumer experience, comprehensively improving operational efficiency, and creating a new retail landscape.
U-Ming Marine Transport actively promotes low-carbon transportation, calculates the economic speed to save energy and reduce emissions, and upgrades the existing hull paint to the latest energy-saving and environmentally friendly paint to reduce resistance and fuel consumption. In addition, it has partnered with partners to build liquefied natural gas (LNG) dual fuel ships, becoming the first shipowner in Taiwan to use low-carbon fuels. Currently, four LNG dual fuel bulk ships have been put into operation. In 2024, the first independent report on "Task Force on Climate related Financial Disclosures (TCFD)" for Taiwan's maritime industry will be released, announcing the management and implementation of four core aspects including climate governance, strategy, risk management, indicators and goals, as well as future transformation directions.
FE SOGO Department stores lead industry transformation with innovation. In terms of corporate governance, stable operational performance has always been regarded as the golden chicken mother of department stores, and perpetual clauses have been signed with counter brands and suppliers to enhance supply chain resilience. In terms of the environment, promoting green transformation through digital transformation is not only the first department store in Taiwan to launch electronic gift vouchers, but also the first department store to merge sales details with credit card signings in 2023. In terms of social aspects, we have strengthened talent cultivation, continuously adjusted salaries, and created a DEI workplace with the lowest turnover rate in the industry. In addition, each store has a close relationship with the local business district and is committed to promoting regional prosperity and community prosperity.
Taiwan Sustainable Enterprise Performance Award: Oriental Union Chemical Corporation 、 Everest Textile
Oriental Union Chemical Corporation has established the "Corporate Sustainability Promotion Committee" with the vision and core concept of "Agile Resilience for Sustainable Competitiveness". Adhering to the development direction of "Green, Carbon Reduction, Wuhan Far Eastern New Material", the company effectively promotes the execution of ESG departments through functional groups such as sustainable environment, product responsibility, social integration, and corporate governance, optimizes high energy consumption and high emission processes, develops environmentally friendly green Wuhan Far Eastern New Material and products, and steadily moves towards the 2050 carbon neutrality goal.
Everest Textile is committed to improving energy efficiency, promoting water resource management, and increasing waste recycling and reuse rates in environmental protection; In terms of social responsibility, we safeguard the rights and interests of employees, provide a safe and healthy working environment, fair compensation and benefits, promote a diverse and inclusive culture, and actively participate in public welfare activities and community development. In addition, through innovative investment and technological research and development, market competitiveness is enhanced, and sustainable supply chain management is established to promote the sustainability development of the industrial value chain.
TCSA Corporate Sustainability Report Award: Far Eastern New Century Corporation 、 Asia Cement Corporation 、 Far EasTone Telecommunication 、 U-Ming Marine Transport 、 FE SOGO Department stores 、 Far Eastern Department Stores 、 Oriental Union Chemical Corporation 、 Everest Textile 、 Far Eastern International Bank 、 Oriental Securities Corporation

Climate Leadership Award: Far Eastern New Century Corporation 、 Far EasTone Telecommunication 、 Far Eastern Department Stores 、 FE SOGO Department stores
After net zero emissions become a global consensus by 2050, climate action has become the next focus of attention from all sectors. Far Eastern New Century Corporation is implementing five major strategies to reduce carbon emissions. By 2023, it has achieved its short-term goal of reducing carbon emissions by 20% by 2025 ahead of schedule, and has expanded its value chain green transformation goals by 2030, including a 50% reduction in carbon emissions, a 50% share of green raw materials, and a 50% share of green products. In addition, an internal carbon pricing system has been introduced as a management tool to incorporate low-carbon transformation into business decisions, while issuing sustainable financial products to guide market capital investment in green growth, strengthen supply chain negotiations, and drive the industry towards net zero.

In view of the frequent occurrence of extreme climate disasters worldwide, Far Eastern Department Stores actively transforms into a "sustainable model" to avoid the risk of climate change. Following the 17 United Nations Sustainability Development Goals, starting from the environment, society, and corporate governance, the "Energy Audit Responsibility Organization" is established to launch EUI control plans, develop energy-saving plans and environmental goals, and strive to become a green and sustainable department store.
FE SOGO Department stores, also part of the department store retail industry, actively conducts greenhouse gas inventory and verification to promote climate change adaptation. Starting from 2022, they will introduce the TCFD Task Force on Climate related Financial Disclosures (TCFD) and become the first TCFD supporter for Taiwanese department stores in 2023. At the same time, they will join the international energy productivity improvement initiative and propose EP100, resulting in a continuous decrease in carbon intensity. This year, leading Taiwan's large department stores, we signed the SBT Science Based Reduction Target Commitment Letter and established the Carbon Reduction Alliance to address climate risks.
Creative Communication Leader Award: Far Eastern New Century Corporation 、 Far Eastern Department Stores 、 Far EasTone Telecommunication
Far Eastern New Century Corporation collaborates with value chain partners to transform discarded PET bottles and fabrics into new products, promoting a sustainable circular ecosystem and deepening environmental sustainability and social participation. The focus of communication between production sites and local campuses is on source reduction and recycling. The environmental education projects promoted over the years include: free on-site teaching of the "Circular Magic Changing the World" environmental education course with the theme of recycled economy; Organize diverse activities to lead the public in establishing correct recycling concepts and methods; Free lending of PET bottles for recycling and related application demonstrations, to help the public understand the importance of resource recycling; Participate in compiling sustainable textbooks, assist schools in creating sustainable lesson plans that meet their needs, etc.
Before the start of the reconstruction project in 2023, the Far Eastern Department Stores Baoqing Store specially planned a series of activities called "Baoqing Heart Journey", planned a nostalgic photo exhibition in the store, invited people to review the history of more than 50 years of business events, and explained the development and operation of the business circle between Ximenting and Baoqing Store in a day reading way. It hoped that through online, offline and other forms of interaction, the store would bring a touch of memory inheritance and hope for sustainable operation to the existing department stores with the longest history in Taipei.
After the merger of Far EasTone Telecommunications and two telecommunications companies in Asia Pacific in 2023, they pioneered the "Public Disclosure of Base Station Integration Progress" and "Network Communication Quality Communication" plans. In addition to immediately announcing the integration progress of base stations and the completion status of each county and city on their official websites, they also held a "Like All Taiwan" community activity and produced a "Full Taiwan Through" series of videos after the merger to interview local users' experience of using the internet, conveying the smooth network communication quality of the company after the merger through "integrity and transparency" and "user verification".
Workplace Welfare Leader Award: FE SOGO Department stores 、 Far EasTone Telecommunication
Faced with the impact of labor shortage in the service industry, FE SOGO Department stores has launched the 'Vision Project', which aims to maintain rigorous occupational safety and health management, focus on the development of employees' physical and mental balance, provide maternal care measures superior to industry and regulations, and increase salaries for three consecutive years, promote digital transformation and environmental optimization, advocate for DEI, and update the uniforms for female members in the winter of 2024 to include pants. According to the latest employee satisfaction survey, nearly 90% of employees are willing to implement sustainability in their work, and the turnover rate has also set a record low in the industry.
Far EasTone Telecommunication regards its employees as good partners working side by side, implementing multiple health and well-being policies that are superior to regulations, and creating a diverse, inclusive, safe, and civilized workplace. Over the past four years, employee satisfaction has increased by nearly 30 points, bringing higher productivity and employee retention rates to the company. Its performance has also been recognized by government agencies and ESG evaluation institutions.
Information Security Leader Award: Far Eastern New Century Corporation 、 Far EasTone Telecommunication
Far Eastern New Century Corporation has established an Information Security Department and established a comprehensive information security management framework. It has set up an Information Communication Security Joint Defense Promotion Group and Committee to work with its subsidiaries to strengthen cross unit information security joint defense. In addition, it has developed the FEASM Far Eastern Group Digital Attack Surface Management Platform, which uses generative AI driven phishing email detection system and optimized social engineering exercises to implement information security awareness among every employee and enhance digital resilience.
Far EasTone Telecommunication has obtained certifications such as ISO 27001 Information Security, ISO 20000 Service Management, BS 10012 Data Management, CSA STAR Cloud Security, ISO 27017 Cloud Service Data Security, ISO 27018 Cloud Personal Data Protection, etc. It is in line with international data security management systems and has introduced social engineering exercises, application system protection, and data security management systems. It has established a mechanism for integrating information and risk assessment, developed a malicious domain name recognition and attack detection system, and established an AI predictive fraud automatic detection system to address various data security challenges.
Talent Development Leader Award: Far EasTone Telecommunication 、 Far Eastern New Century Corporation
Far EasTone Telecommunications is well aware that outstanding ESG performance relies on employees leveraging their strengths. Therefore, in talent cultivation, it closely focuses on core technologies and businesses, promoting synchronous transformation and growth of employees and the company. Through Collaboration between Industry and School, it cultivates telecommunications, digital, security, and sustainable talents, solves the problem of talent shortage in Taiwan, and has received multiple recognitions from government agencies and ESG evaluation institutions.
Far Eastern New Century Corporation actively plans recruitment and retention policies that align with its corporate goals, including adjusting the most suitable salary, building diverse learning resources and channels, promoting strategic theme learning programs, implementing employee stock ownership trust programs, establishing a global talent pool system, implementing human rights policies and training, promoting a diverse and inclusive culture. In addition, it regularly conducts employee satisfaction surveys, develops improvement plans, and plans special health check programs, hoping to achieve the goal of sustainable talent through a sound talent management cycle.
Social Inclusion Leader Award: Far EasTone Telecommunication 、 FE SOGO Department stores
Far EasTone Telecommunication utilizes telecommunications technology to create a "safe life" for the public. In terms of AI fraud prevention, it pioneered the "AI predictive fraud automatic detection system" and led the industry in launching "VoLTE incoming voice warning" to reduce the risk of fraud for users. In terms of telemedicine, we will expand the "5G telemedicine platform" to 15 counties and 52 township health centers, and lead the industry in issuing social responsibility bonds to invest in the construction of telemedicine networks. At the same time, the company continues to expand its social influence. In addition to calling on suppliers to establish a "sustainable vanguard," it also connects users and employees to invest in "heart charity," raising education and medical resources for disadvantaged children. It also implements the "Store Marketing Waste Cloth Strip Recycling Project," commissioning social welfare groups to produce environmentally friendly bags and inject into the livelihoods of economically disadvantaged groups.
FE SOGO Department stores, which also have channel advantages, hold the largest small-scale agricultural exhibition in Taiwan every year. On the one hand, it increases the income of small farmers, and on the other hand, it invites customers to respond to the net zero green lifestyle, achieving a win-win situation for stakeholders. Over the years, it has held hundreds of small-scale agricultural exhibitions, benefiting more than 1.62 million people. In addition, we will actively build a sustainable ecosystem, launch coaching strategies for counters and suppliers, and strengthen sustainability resilience.
Recycled Economy Leader Award: Far Eastern New Century Corporation 、 Far EasTone Telecommunication
As a pioneer in the production of PET polyester PET PET bottles in Taiwan, Far Eastern New Century Corporation saw the prospect of a green economy as early as 1988 and built Taiwan's first waste PET bottle recycling factory. Today, it has become the world's largest food grade recycled polyester manufacturer. Not only has it assisted the brand in launching Taiwan's first 100% recycled recycled polyester bottle filled with water and ocean recycled anti explosion jerseys on the "UEFA Champions League" and "FIFA Women's World Cup" stages, its exhaust gas recycling technology won the 2023 Red Dot Design Award "Product Design Winner", and created the world's first 50% recycled PET shrink film label, but it has also developed new technologies such as using polyester materials to achieve full shoe recycling, creating a recycled economy value chain.
Far EasTone Telecommunications is promoting a recycled economy through the use of telecommunications waste. By 2023, 500 metric tons of telecommunications equipment will be recycled, with a recycling rate higher than the EU's 80% standard. The company has also pioneered a smart battery swapping signaling system that uses waste batteries as a source of electricity for traffic signals. Additionally, the company has established the only "recycled economy platform" in the telecommunications industry, partnering with suppliers to reuse old IT equipment and ice water hosts, generating revenue. We will also promote a plan to reuse discarded cloth strips from retail stores, and commission social welfare organizations to produce bags for commercial use. This not only achieves waste reduction, recycling, and innovative business models, but also serves as a social welfare measure.
Innovation and Growth Leader Award: Far Eastern New Century Corporation 、 Far Eastern Department Stores 、 Far EasTone Telecommunication
Far Eastern New Century Corporation's land development business is developed and operated by its subsidiary Far Eastern Resources Development (Far Eastern). Among them, Taipei Far Eastern Group Communication Park (Tpark) aims for low-carbon development and intelligent management. It is not only Taiwan's first LEED Campus registered development park, but also the office buildings in the park have obtained Taiwan's EEWH green building label or the US LEED green building certification. In terms of software, it also integrates IoT, building information modeling BIM, data applications and other technologies for efficient management, and has won the Gold Award recognition from the Ministry of the Interior's Institute of Architecture.
Far Eastern Department Stores actively adjusts its operating model, using multiple channels such as apps, POS machine screens, and social media platforms to provide rich activity discounts and consumer information. On the other hand, it expands its market share by initiating the renovation of old stores and adding new locations. In 2023, the performance reached a new peak since its establishment in 1967, driving Far Eastern Department Stores retail group to achieve a historic high in consolidated revenue, pre tax net profit, and post tax net profit, creating excellent investment returns for shareholders.
Far EasTone Telecommunications focuses on Big Data, Artificial Intelligence Three major trends, including the Internet of Things (IoT), have led to investments in remote healthcare, smart streetlights, signaling systems, and energy management systems, creating a "new economy" with revenue growth for seven consecutive years and opening the company's second growth curve. In addition, the company promotes the cultivation of innovative talents internally and assists Taiwanese start-up teams in developing metaverse applications externally, creating 170 million digital transformation opportunities with remarkable results.
Sustainable Supply Chain Leader Award: Far EasTone Telecommunication

Gender Equality Leadership Award: Far Eastern Department Stores
Considering that employees spend one-third of their time in the company every day, in order to achieve a balance between work and life, Far Eastern Department Stores attaches great importance to labor rights, opposes discrimination and harassment, and continues to care for employees' physical and mental health through the "Employee Health UP" program and maternal health protection plan. At the same time, it strengthens talent cultivation and is committed to creating a safe, warm, equal, and healthy happy workplace.
Transparent and Honest Leader Award: Far EasTone Telecommunication
Far EasTone Telecommunication proactively releases financial forecasts every year, holds quarterly presentations, and publishes fact sheets and EPS on a monthly basis. Within two months of the end of the year, it releases its annual financial statements in advance, leading the industry in issuing its first social responsibility bond. It is also the first to proactively disclose perpetual financing information in its financial reports, allowing investors to understand the use of funds; On the other hand, it has also invested in money laundering prevention and counter-terrorism prevention, becoming the first telecommunications operator to implement a third-party payment service energy login system, allowing users to donate for public welfare with peace of mind; At the same time, actively exerting influence, regularly evaluating suppliers' ESG deficiencies, and suspending the rights of manufacturers who have not improved.
Water Resources Management Award: Everest Textile

Far Eastern Memorial Hospital achieves excellent results in circular carbon reduction at the Taiwan Health Sustainability Award

Taiwan Sustainable University Award Yuan Ze University Double Prize is in the bag
Yuan Ze University is characterized by innovative teaching and focused research, with a sustainable development campus that is innovative, diverse, intelligent, and humanistic, and a high-quality university with international reputation. It has achieved outstanding results in governance sustainability, education sustainability, environmental sustainability, social sustainability, and other aspects. In addition to establishing a school wide sustainable governance structure and mechanism, continuously promoting ISO 50001 and ISO 14064-1 international certifications, gradually achieving the goal of net zero carbon emissions, and actively improving the quality of education, all departments have passed professional evaluations and are committed to building an international, gender friendly, and non discriminatory campus to respond to internal and external environmental changes and new challenges. The double recognition of receiving the "Taiwan Top Ten Sustainable Model Universities Award" and the "Silver Level Sustainable Report" fully demonstrates the outstanding achievements of the university in the field of sustainability.
Global Corporate Sustainability Awards (GCSA) Far Eastern New Century Corporation Asia Cement Corporation, Far Eastern Department Stores, Far EasTone Telecommunications shine brightly

Best Case Award - Outstanding Case: Asia Cement Corporation 、 Far Eastern Department Stores
Asia Cement Corporation actively promotes climate transition plans and implements multiple carbon reduction strategies, including introducing recycled economy, producing low-carbon cement, improving energy efficiency, carbon capture and utilization, etc. It is the only company among the eight companies in Taiwan that set SBTi targets before 2021 to achieve annual emission reduction targets for four consecutive years, becoming a leader in climate action and winning the Best Case Award.
Far Eastern Department Stores focuses on care and implements the "Employee Health UP" program to improve employee health, promote work life balance, and strive for talent development, combating discrimination and harassment, cultivating sustainable, diverse, inclusive, equal, and happy work teams. In their first competition, they were awarded the Best Practice Case Award for a Happy Workplace.
2024 Global Corporate Sustainability Awards (GCSA)/Taiwan Corporate Sustainability Award (TCSA)/Health Sustainability Award/University Sustainability Award Far Eastern Group Awards Results
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