Xu Yuan Packaging Technology Co., Ltd.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:420.98 metric tons CO2e reduction/year
Total Energy Consumption:838,605 kWh electricity reduction/year
ESG Focus Areas
- Environmental protection
- Energy conservation
- Sustainable production
- Employee well-being
- Sustainable development
- Supply chain responsibility
- Corporate governance
Environmental Achievements
- Reduced waste printing ink by 20-30%, saving approximately NT$1.6 million in disposal costs.
- Reduced electricity consumption by 838,605 kWh and carbon emissions by 420.98 metric tons of CO2e/year through energy efficiency improvements.
- Introduced 10% PCR in PET heat shrinkable film material.
Social Achievements
- Optimized organization and provided employees with multi-functional training.
- Improved asset activation and reduced financial burden.
- Implemented various employee welfare measures, including free group accident insurance, health checkups, and various subsidies.
- Organized 45 training sessions totaling 876.5 hours for 427 employees.
Governance Achievements
- Established an Audit Committee and a Remuneration Committee.
- Appointed a Corporate Governance Officer.
- Implemented a detailed whistle-blowing and rewards system.
- Consistently high attendance rates at Board of Directors and Audit Committee meetings.
Climate Goals & Targets
Long-term Goals:
- Strengthen investments in India and Indonesia, seek technical cooperation, and accelerate economic benefits.
Medium-term Goals:
- Develop more advanced new products to increase market share and competitiveness.
- Develop new materials and technologies to improve product quality and reduce production costs.
- Cultivate internationally famous beverage manufacturers and strengthen international development strategies.
Short-term Goals:
- Utilize group resources to provide full-range services, sign long-term contracts, and adjust production capacity allocation.
- Formulate a sustainable development strategy, system, and management guideline.
- Strengthen product quality, update printing and process technology.
Environmental Challenges
- Sudden rise in raw material prices.
- Fragmentation of the production supply chain.
- Rising logistics costs.
- Sharp decline in terminal consumption.
- Shortage of labor and rising wage costs.
- Climate change related risks (implied).
Mitigation Strategies
- Coordinating with customers in adjusting production rhythm.
- Exploring new customer groups and expanding revenue sources.
- Strengthening the management system, increasing revenue and reducing expenditure.
- Developing forward-looking technical capabilities.
- Recruiting strategic partners and expanding market presence.
- Formulating sustainable development strategies, systems, and management guidelines.
- Strengthening investments in India and Indonesia.
- Adopting a lean focus and integrating limited resources to maximize comprehensive benefits.
- Actively discovering and cultivating talents.
- Improving in the fields of technology, quality, and service.
- Implementing sustainable operations and reducing risk impacts.
- Actively improving existing machinery and equipment and making efforts towards high automation.
- Introducing foreign workers to assist production.
Supply Chain Management
Supplier Audits: Annual supplier assessments
Responsible Procurement
- Supplier sustainability requirements (environmental protection, occupational safety and health, labor rights)
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- PET and OPS material label printing technology; heat shrinkable film with 10% PCR.