Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Updated 400-ton ice water chiller, increasing single-unit energy efficiency by 38.2%
• EcoMeet sustainable meeting project implemented, reducing plastic and single-use items in meeting setups
• Over 70% implementation of using large-capacity refillable dispensers for toiletries
• Reduced food waste by 15% using AI-powered Winnow system in the Palais de Chine restaurant

Social Achievements

• Awarded the “Happy Enterprise Gold Award” by 1111 Job Bank for three consecutive years
• Launched the “iGPS Workplace Navigation Map” program, providing a two-year learning and growth platform for the hospitality industry
• Implemented various employee welfare programs, including employee stock ownership plan, club activities, and employee travel
• Conducted numerous charitable activities, donating over NT$8 million in manpower and financial support

Governance Achievements

• Established a Sustainability Development Committee chaired by the chairman and co-chaired by the group COO
• Appointed a corporate governance officer in June 2023
• Implemented a comprehensive corporate governance framework, including a board of directors with a high percentage of independent directors
• Established an audit committee and a remuneration committee to enhance corporate governance

Climate Goals & Targets

Environmental Challenges

• Climate change impacts (extreme weather, resource scarcity)
• Supply chain disruptions
• Maintaining high customer satisfaction in a competitive market
• Shortage of labor in the hospitality industry
• Cybersecurity threats

Mitigation Strategies

• Developed alternative sourcing strategies
• Implemented AI-powered systems to optimize operations and reduce waste
• Improved employee training and development programs
• Strengthened cybersecurity measures, including regular security audits and employee training
• Enhanced communication channels with stakeholders

Supply Chain Management

Supplier Audits: 121 supplier document reviews, 16 on-site audits

Responsible Procurement

• Sustainable sourcing of ingredients
• Green procurement policies
• Supplier code of conduct
• Emphasis on animal welfare (e.g., phasing out of cage-free eggs)

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events (typhoons, floods, droughts)
• Water scarcity
• Power outages

Transition Risks

• Changes in environmental regulations
• Increased costs of low-carbon energy
• Shortage of raw materials
• Changes in consumer preferences

Opportunities

• Development of energy-efficient products and services
• Increased demand for sustainable tourism
• Development of new revenue streams from sustainable initiatives

Reporting Standards

Frameworks Used: GRI Universal Standards 2021, SASB, TCFD, SDGs

Certifications: EarthCheck Bronze (Taipei Regent Hotel), HACCP (Taipei Regent Hotel banquet hall)

Third-party Assurance: KPMG

UN Sustainable Development Goals

• SDG 3: Good Health and Well-being
• SDG 4: Quality Education
• SDG 5: Gender Equality
• SDG 8: Decent Work and Economic Growth
• SDG 10: Reduced Inequalities
• SDG 12: Responsible Consumption and Production
• SDG 13: Climate Action
• SDG 16: Peace, Justice and Strong Institutions
• SDG 17: Partnerships for the Goals

The report details how various initiatives contribute to these SDGs.

Sustainable Products & Innovation

• EcoMeet sustainable meeting packages
• Sustainable dining initiatives (e.g., use of local and seasonal ingredients, reduction of food waste)

Awards & Recognition

• 1111 Job Bank Happy Enterprise Gold Award (3 consecutive years)
• EarthCheck Bronze Certification (Taipei Regent Hotel)