TOUNG LOONG TEXTILE MFG. CO., LTD.
Climate Impact & Sustainability Data (2022, 2023)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environmental sustainability
- Energy saving
- Carbon reduction
Environmental Achievements
- Improved wastewater treatment plant to boost wastewater treatment capacity
- Implemented waste reduction projects to reduce wastewater from dyeing process and reduce effluent concentration
- Adopted various energy conservation measures (turning off unnecessary lights, AC temperature controls, effective energy utilization)
Social Achievements
- Established an Employee Welfare Committee and provided high-quality work environments for employees
- Provided various employee benefit measures (including compensations and leaves)
- Distributed bonuses and shared profits with employees based on business performance
Governance Achievements
- Formed its first Audit Committee on June 16, 2022, composed of three independent directors
- Established a sound corporate governance and risk control mechanism paired with a comprehensive set of rules and regulations to prevent unethical conduct
- Formulated Procedures for the Prevention of Insider Trading
Climate Goals & Targets
Long-term Goals:
- Expand into the industrial textiles market (special fiber products for furniture and automobiles)
Medium-term Goals:
- Expand sales to South Asia, Europe, and America
Short-term Goals:
- Expand existing pre-dyed chemical fiber yarn from fashion to sports and leisure fabric applications
- Develop more competitive multi-variable products
Environmental Challenges
- Revenue decline resulting in decreased profits and lower profitability due to inventory digestion and reduced orders from downstream customers
- Fierce competition in the global economy and changes in business environments
- Increasingly stringent environmental protection regulations and various management regulations
Mitigation Strategies
- Strengthening market development, conducting research and innovation, and sales and production of high value-added products
- Implementing rationalization plans for better production efficiency
- Improving management and quality to achieve better customer satisfaction
- Comprehensive assessment of various environmental impacts and timely making appropriate operating and investment decisions
- Investment in effluent pollution control equipment and setting up a special unit to monitor industrial effluent
Supply Chain Management
Responsible Procurement
- Requires all products to comply with ISO14001, Oeko-Tex Standard 100, ISO9001, ISO50001, OHSAS18001, CNS15506, GRS, and BLUESIGN certification standards
- Requires all raw materials to be free from hazardous substances
- Rigorous controls to ensure product safety
- Step-by-step communication with suppliers and stipulation of relevant provisions in contracts
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: IFRS
Certifications: ISO-14001 Environmental Management System, ISO-50001 Energy Management System, ISO-45001 Occupational Health and Safety Management System, ISO-9001, Oeko-Tex Standard 100, OHSAS18001, CNS15506, GRS, BLUESIGN
Third-party Assurance: Toppest CPAs & Co.
Sustainable Products & Innovation
- Recycled PET bottles as raw material to produce environmentally friendly pre-dyed yarn products
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental sustainability
- Social welfare
- Corporate governance
Environmental Achievements
- Implemented energy conservation and carbon reduction strategies
- Installed wastewater reclamation and waste gas treatment equipment
- Achieved ISO 14001 and ISO 50001 certifications
Social Achievements
- Established an Employee Welfare Committee providing various welfare programs
- Provided health checks and work safety training regularly
- Offered various competency-related training programs and external training channels
Governance Achievements
- Established an ESG Committee
- Established an Audit Committee with three independent directors
- Formulated Procedures for the Prevention of Insider Trading
Climate Goals & Targets
Long-term Goals:
- Expand into the industrial textiles market
Medium-term Goals:
- Expand sales to South Asia, Europe, and America
- Reduce energy consumption and continue energy saving
Short-term Goals:
- Expand pre-dyed chemical fiber yarn applications
- Develop more competitive multi-variable products
Environmental Challenges
- Reduction of orders from downstream customers resulting in revenue decline and profit loss
- Intense competition in the international economic situation
- Increasingly stringent environmental regulations impacting operating costs
- Labor shortages and rising labor costs
Mitigation Strategies
- Strengthening market development, research innovation, and producing high value-added products
- Implementing rationalization plans to fully utilize existing equipment capacity
- Investing in effluent pollution control equipment and setting up a special unit to monitor industrial effluent
- Accelerating automation equipment to replace manpower shortage and reduce costs
- Developing high value-added products with less volume and more variation
Supply Chain Management
Responsible Procurement
- All raw materials provided by suppliers must be free from hazardous substances
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events damaging equipment
Transition Risks
- Carbon taxes increasing operating costs
Opportunities
- Development of energy-efficient products
Reporting Standards
Frameworks Used: IFRS
Certifications: ISO-14001, ISO-50001, ISO-45001, ISO-9001, GRS 4.0, BLUESIGH, Oeko-Tex Standard 100, OHSAS18001, CNS15506
Third-party Assurance: PwC Taiwan, Toppest CPAs & Co.
Sustainable Products & Innovation
- Recycled PET bottles as raw material for pre-dyed yarn products