Standard Foods Group
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:31,726 tCO2e/year
Scope 1 Emissions:11,520 tCO2e/year
Scope 2 Emissions:16,213 tCO2e/year
Scope 3 Emissions:3,993.4 tCO2e/year
Renewable Energy Share:0%
Water Consumption:662.54 thousand m3/year
Waste Generated:6,792 tons/year
Carbon Intensity:0.0199 metric tons CO2e/NT$10,000 of revenue
ESG Focus Areas
- Food Safety
- Supply Chain Management
- Environmental Protection
- Social Inclusion
- Corporate Governance
Environmental Achievements
- Reduced emissions by 360 metric tons of CO2e.
- Reduced the use of 2.1 metric tons of plastic in less than one season.
- Reduced the use of 13 metric tons of plastic annually through paper straw project.
- Green procurement ratio of 93.49%.
Social Achievements
- Donated 1.14 million milk bottles to disadvantaged children in rural areas.
- Launched the “Live with Love” elderly care program.
- Reached nearly 6,000 students in Quaker Parents Classroom courses.
- Zero employee complaints and whistleblowing cases.
Governance Achievements
- Established the ESG Sustainable Development Committee.
- Implemented a P&L forecast and cost control mechanism, completing 9 projects.
- Board diversity of 50% independent directors.
Climate Goals & Targets
Long-term Goals:
- Achieve net-zero emissions (target year not specified).
Medium-term Goals:
- Reduce total carbon emissions by 5% in 2027.
- Complete group-wide greenhouse gas emission inventory and verification by 2024.
Short-term Goals:
- Reduce total carbon emissions by 3% in 2025.
- Increase renewable energy use to 3%-4% by 2025.
Environmental Challenges
- Supply chain risks due to the Ukrainian-Russian War and the COVID-19 pandemic.
- Rising raw material prices.
- Supply chain disruptions due to climate events.
- Workforce shortage.
Mitigation Strategies
- Developed new suppliers to implement a decentralization strategy.
- Predicted future demands and responded quickly to macro changes.
- Developed alternative sourcing strategies.
- Developed the younger generation’s talent pool.
Supply Chain Management
Supplier Audits: 47/year
Responsible Procurement
- Code of conduct
- Supplier sustainability requirements
- Annual supplier evaluations
- On-site audits
Climate-Related Risks & Opportunities
Physical Risks
- Typhoons and floods
- Droughts
- Average temperature rise
Transition Risks
- Higher greenhouse gas emission prices
- Government strengthens emissions reporting obligations
- Increased/changed requirements for products and services
- Low-carbon/plastic-reducing products replacing existing ones
- Transition costs of low-carbon technologies
- Consumer behavior shift
- Market uncertainties
Opportunities
- More efficient production and distribution processes
- Recycling and reuse
- Low-carbon energy adoption
- Incentive policies
- R&D and innovation of new products and services
Reporting Standards
Frameworks Used: GRI, SASB, TCFD
Certifications: ISO 22000, SQF, TOSHMS, ISO 45001
Third-party Assurance: KPMG International Cooperative (limited assurance)
UN Sustainable Development Goals
- SDG 2
- SDG 3
- SDG 5
- SDG 7
- SDG 8
- SDG 10
- SDG 12
- SDG 13
- SDG 17
Initiatives align with various SDGs through food safety, supply chain sustainability, environmental protection, social welfare, and corporate governance.
Sustainable Products & Innovation
- Vegan products
- Low-carbon products
- Products with environmentally friendly packaging
Awards & Recognition
- Monde Selection World Quality Evaluation Awards
- Superior Taste Award
- Taiwan Association for Food Science and Technology’s Innovative Product Evaluation Award
- Taiwan Association for Lactic Acid Bacteria’s Innovative Product Award Competition