President Chain Store Corporation
Climate Impact & Sustainability Data (2016, 2017, 2019, 2021, 2022, 2023)
Reporting Period: 2016
Environmental Metrics
ESG Focus Areas
- Food safety
- CSR
- Ethical corporate management
Environmental Achievements
- Reduced carbon emissions by at least 2% compared to the previous year (approximately 3780 tons of CO2e)
- Awarded “Energy Saving Model” by the Ministry of Economy Affairs for reaching excellent result on implementation of 1% energy saving in 2015
- Received many approvals, such as Occupational Health and Safety Management System (OHSAS 18001), Environmental Management System (ISO14001), Taiwan Occupational Health and Safety Management System (TOSHMS)
Social Achievements
- Awarded “Named a Top 20 International Brand in Taiwan”, one of the top 5% of all TWSE/GTSM listed companies from the 3rd Corporate Governance Evaluation
- Awarded “2016 traditional manufacturing and realty industry Awards of TCSA”,“2016 Supply Chain Management Awards of TCSA”, “ 2016 Corporate Citizenship Awards” by CommonWealth Magazine
- Invested NT$36.39 million in labor safety and health
- Signed up collective agreement
- Donated NT$43.44 million to “0206 Earthquake” and “Food Safety Fund”
Governance Achievements
- Established an exclusively dedicated unit “ethical management initiative team” supervised by the Board to be in charge of corporate ethical management and report to the board on a regular basis
- Established “UPEC Ethical Corporate Management Best Practice Principles” and “UPEC Procedures and Guidelines of Conduct for Ethical Management”
- Purchased D&O insurance for its directors (including independent directors) and supervisors
Climate Goals & Targets
- Drop down to 80% of the 2005 emissions by 2020
- Reduce carbon emissions by at least 2% compared to the previous year
Environmental Challenges
- Numerous operation challenges
- Food safety remained the top concerned issue in Taiwan
- Global economy in 2016 performed weakly
- Challenges of a globalized economy and the strategic need to make a foray into the Pan-Asian and international market
- Food safety management, laws and government policies adherence, shortage in labor supply, strategic planning adjustments from major manufacturers
- Volatile global grain prices and devaluated NT dollar make harder to control raw material cost
- Market saturation and overcapacity
- Affected by the limited market scope, low entry barrier, high consumers' price sensitivity, vast private label products, more eat-outs and lesser oil uses, home edible oil market becomes highly competitive
- Risks and costs of operations increase due to the price fluctuation of international commodities and the high standard food safety laws
- The booming development of Ready-to-eat food in CVS erodes the instant noodle market
- Long-term shortage of raw milk limits the sales growth of fresh milk
- International raw material price keeps climbing and compresses gross margin
- The trend of media diversity is becoming more and more obvious, resulting in the need to invest more budgets to assure the brand communication result
- The public is very concerned about food safety issues
- It's not easy to invest or renew fix assets due to the slow dumpling markets
- Price of hogs is susceptible to the epidemic diseases and international trading, cost are hard to maintain
- Products tended to be homogeneous that created a fierce price competition and increased concern on the safety and quality of processed meat products reduced consumption
- Since products of similar concept i.e. red yeast rice supplement has NT$1 billion market, or of similar function i.e. Nattokinase supplement has NT$0.4 billion market, we need to invest more marketing resources to differentiate Metamin Health 3D's specialty and efficacy in order to escape from the competition from low-price supplements
- The convenience store market is saturated, while discount supermarkets have sprung up, blurring the line between the two, resulting in increasingly fierce competition
- Rising raw material prices and utility costs result in higher operating costs
- Increasing inflation results in a decrease in real income, so consumers will remain cautious with their purchases
Mitigation Strategies
- Building a “Food Safety Building” that cost NT$1 billion and began to operate in 2017
- Stabilized profitable model and risk control mechanism
- Neither compromises nor tolerances to any issues relating to food safety are allowed
- Established different subsidiaries according to their respective industry position, characteristics and relevance
- Strengthen core capabilities and find out key success factors, in order to maintain market competitiveness
- Increase our profit through efficient raw material control, and minimize loan risks by monitoring clients' credit lines and account receivables
- Improve our sales network, value-added products, product portfolio, and raw material differentiation to raise our margin
- Explore opportunities from consumer insight as well as import unique products abroad to help expand the economic scale in niche market
- Improve our supply chain management, intensifying our R&D to create innovative and unique products, and stepping into Ready-to-eat market
- Expand our sources of raw milk by raising productivity of cows, eliminating possibilities of cow diseases, and introducing new cows and milk farmers
- Redesign bottle and label to inhibit the systematic cost increases
- Deliver product differentiation and segmentation, and innovative marketing communications to substitute price promotions
- Seek for the best media combination to maximize the benefit, and aligned with trade marketing activities simultaneously to pursue the integrated marketing communication efficiency and effectiveness
- Set up the industry's highest food security control system that can detect every process from raw material to the production
- Actively engage in exploring microwavable products and upgrade product quality, and restructure our production to increase production volume
- Strengthen our channel merchandising at supermarket chains and convenient stores to slow down the impact of price setting
- Adopt clean and certified raw materials into our production and offer consumers a broader variety of healthy, delicious and easy prepared premium products in small-sized pack
- Develop more apt products for food service operations
- Invest more marketing resources to differentiate Metamin Health 3D's specialty and efficacy in order to escape from the competition from low-price supplements
- Launch differentiated products and services to meet consumers' needs and further build our competitive advantages
- Optimize the operation of our product portfolio, marketing strategy, channel management and increase pricing power
- Control the inventory volume of raw material to lower the effect of the material price fluctuation on the company's operation
- Use forward foreign exchange contracts to manage their foreign exchange risk arising from future commercial transactions and recognized assets and liabilities
Supply Chain Management
Supplier Audits: 229/year
Responsible Procurement
- Raw materials must be approved by the evaluation team
- All suppliers must be registered in the government's “Food Merchant Registration System”
- All suppliers of raw and packaging materials that come in direct contact with food are required to implement the ISO 22000 or FSSC 22000 food safety management system
- Business contracts with suppliers will include CSR provisions
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI GRI Version 4.0
Certifications: ISO 14001, OHSAS 18001, TOSHMS, ISO 22000, FSSC 22000, ISO 9001:2008/CNS 12681, ISO/IEC 27001
Third-party Assurance: PwC Taiwan
Sustainable Products & Innovation
- Wheat Fragrance Tetra Aseptic Paper Package series certified by the FSC
- Non-Fried Noodles
- Meat Retort Pouch (Imperial Meals)
- Chilled Tea
- Single Cell Extraction Tea Series (Chai Li Won)
- Gastro-intestinal regulated drinks (AB Yogurt Drink)
- 72°C low temperature sterilized full nutrient milk (Rie Shue)
Awards & Recognition
- Silver Award in Traditional Manufacturing Industry and Supply Chain Management by Taiwan Institute for Sustainable Energy (TAISE)
- Named a Top 20 International Brand in Taiwan
- 2016 traditional manufacturing and realty industry Awards of TCSA
- 2016 Supply Chain Management Awards of TCSA
- 2016 Corporate Citizenship Awards by CommonWealth Magazine
- Energy Saving Model by the Ministry of Economy Affairs
- E-sport industry certificate by MOE
- 2016 Most admired company in Taiwan Awards by CommonWealth Magazine
- Supply Chain Management Awards by TCSA
- Taiwan Top 50 Taiwan Corporate Sustainability Report Award
Reporting Period: 2017
Environmental Metrics
ESG Focus Areas
- Food safety
- Environmental protection
- Corporate social responsibility
- Ethical corporate management
Environmental Achievements
- Reduced carbon emissions by at least 2% compared to the previous year (approximately 3780 tons of CO2e)
- Xinshih General Plant was awarded “Energy Saving Standard Award” by the Ministry of Economy Affairs.
Social Achievements
- Launched various communication channels for employee complaints and suggestions.
- Invested NT$48.10 million in labor safety and health.
- Signed collective agreement with labor union.
Governance Achievements
- Established an exclusively dedicated unit “ethical management initiative team” supervised by the Board to be in charge of corporate ethical management.
- Amended the company's “Rules of Procedures for Board Meeting”, “Audit Committee Charter”, and “Rules Governing the Scope of Powers of Independent Directors” to comply with the latest regulations.
- Established “UPEC Ethical Corporate Management Best Practice Principles” and “UPEC Procedures and Guidelines of Conduct for Ethical Management”.
Climate Goals & Targets
- Net zero emissions by 2050
- Achieve 30% renewable energy by 2030
- Reduce water consumption by 10% by 2025
Environmental Challenges
- Volatile global grain prices and devaluated NT dollar affecting raw material costs.
- Market saturation and overcapacity in flour market.
- Fierce competition in home edible oil market due to limited market scope, low entry barrier, and increasing health issues.
- Booming development of Ready-to-eat food in CVS eroding the instant noodle market.
- Long-term shortage of raw milk limiting the growth potentials of fresh milk.
- Increasing material prices and stern competitions in soy sauce market.
- Price of hogs susceptible to epidemic diseases and international trading, making cost hard to maintain.
- Public concern about food safety issues.
Mitigation Strategies
- Efficient raw material control and minimizing loan risks by monitoring clients' credit lines and account receivables.
- Improve sales network, value-added products, product portfolio, and raw material differentiation to raise margin.
- Focus on market trend of key raw materials, source safety and product freshness management, and gain into consumer insight, for optimal product items and operating efficiency.
- Improve supply chain management, intensify R&D to create innovative and unique products, and step into Ready-to-eat market.
- Expand sources of raw milk by raising productivity of cows, eliminating possibilities of cow diseases, and introducing new cows and milk farmers.
- Aggressively explore food/ service channels and develop new categories at minimal cost at each process, and leverage distinct and superior strategies to reduce the impacts of price competitions.
- Adopt clean and certified raw materials into production and offer consumers a broader variety of healthy, delicious and easy prepared premium products in small-sized pack.
- Set up the industry's highest food security control system that can detect every process from raw material to the production.
Supply Chain Management
Supplier Audits: 169 audits in 2017
Responsible Procurement
- All suppliers must sign Sunshine Transparency Act to ensure ethical management, and concern environmental protection and energy-saving carbon reduction in supply chain.
- Sales contracts include CSR provisions, requiring all business practices to be conducted in a moral and legal manner, as well as meet public expectations, while also taking into account their impact on society and the natural environment.
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI GRI Version 4.0
Certifications: ISO 22000, ISO 9001:2008, ISO/IEC 27001, OHSAS 18001, ISO14001, Taiwan Occupational Health and Safety Management System (TOSHMS)
Third-party Assurance: PwC Taiwan
Sustainable Products & Innovation
- Wheat Fragrance Tetra Aseptic Paper Package series certified by the FSC
- Lightweight packaging materials
Awards & Recognition
- Named a Top 20 International Brand in Taiwan
- 2017 traditional manufacturing and realty industry Awards of TCSA
- 2017 Social Inclusion Awards of TCSA
- E-sport industry certificate by MOE
- 2017 Top 20 of most popular employers among the new generation by Cheers Magazine
- National occupational safety and health award by OSHA for Yungkang Main Plant and Chungli Main Plant
- Taiwan Top 50 Taiwan Corporate Sustainability Report Award
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Corporate Governance
- Economics
- Environment
- Society
Environmental Achievements
- Electricity intensity of stores reduced by 1.45% than 2018; Electricity intensity of the headquarter reduced by 2.4% than 2018
- GHG emissions in 2019 decreased 20.79% compared with the previous year
- Number of refurbishment and reuse machines in 2019 reached 1,525
- Environmental label and energy saving products accounted for 14.08% of the annual purchase
- Plastic straw use reduced by 229 million in six months
Social Achievements
- Organizing 17,960 Good Neighbor Funfests event attracting over 360,000 participants
- Raising NT$ 190,000,000 in spare change and pledged donation of goods
- In 2019, PCSC headquarters and stores employed 3.08 times more disabled individuals than required by law
- Employees received an average of 38.57 hours of training, the highest since 2013
- 0 case of serious occupational incidents. The frequency-severity indicator for 2019 was 0.21
Governance Achievements
- PCSC was listed on the Dow Jones Sustainability World Index and Dow Jones Emerging Markets Index for the first time
- PCSC once again ranked in the top 5% in the Taiwan Corporate Governance Evaluation System
- In 2019, PCSC was the first company in the retail industry presented the Labor Safety Unit Award by the Taipei Government
- PCSC received the Corporate Sustainability Award from TCSA for the third year in a row
Climate Goals & Targets
- Not disclosed
- Reduce GHG emission intensity by 30.03% lower than the emission intensity in 2015 by 2022
- Expand Good Neighbor Meal Delivery Teams to 90 stores serving 30,000 meals by 2024
- Assist a total of 30 groups of young people through the Deep Roots Project between 2018 and 2024
- Reduce GHG emission intensity by 9.26% before 2021
- Maintain average water consumption of stores and PSD at the 0.5% level of 2018 between 2019 and 2021
- Maintain the relationship strength between waste generation of stores and PSD at 0.9% between 2019 and 2021
Environmental Challenges
- Global economic turbulence
- Demographic structure changes in Taiwan (declining birthrate, aging population)
- Large-scale epidemics
- Water shortages in some areas
- Changing consumer habits regarding plastic reduction
Mitigation Strategies
- Optimized franchising mechanism
- Developed products for senior consumers
- Implemented AI technologies and logistics automation
- Established epidemic crisis taskforce and notification system
- Implemented work-from-home and online conferencing systems
- Installed water-saving equipment
- Voluntarily participated in plastic straw reduction
Supply Chain Management
Supplier Audits: 177 audits on privately-owned food product suppliers (100% pass rate); 18 audits on non-food suppliers (100% pass rate)
Responsible Procurement
- PCSC and PCSC Subsidiaries' Code of Conduct for Supplier
- Agreement of the Ethical Corporate Management and the Corporate Social Responsibility
- Sustainable procurement standards
- ESG integration into supplier assessment
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity of extreme weather events (typhoon, flood)
Transition Risks
- Fuel/Energy taxes or related laws
Reporting Standards
Frameworks Used: GRI Standards (2016 edition)
Certifications: ISO 14064-1:2006, ISO 45001
Third-party Assurance: SGS Taiwan Ltd., PricewaterhouseCoopers (PwC) Taiwan
UN Sustainable Development Goals
- SDG 2: Zero Hunger
- SDG 3: Good Health and Well-being
- SDG 8: Decent Work and Economic Growth
- SDG 11: Sustainable Cities and Communities
- SDG 12: Responsible Consumption and Production
- SDG 13: Climate Action
Initiatives aligned with SDGs are detailed throughout the report, particularly in chapters 5 and 6.
Sustainable Products & Innovation
- Eco-friendly packaging materials
- Energy-efficient equipment
Awards & Recognition
- Dow Jones Sustainability World Index and Emerging Markets Index
- TWSE Corporate Governance 100 Index
- FTSE4Good TIP Taiwan ESG Index
- FTSE4Good Emerging Markets Index
- MSCI Global Sustainability Indexes
- MSCI Global SRI Indexes
- Taipei City Award for Excellence in Labor Safety
- Corporate Sustainability Award from TCSA
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Food Safety
- Integrity
- Brand Management
- Corporate Taste
- Environmental Protection
- Employee Welfare
- Work Safety
- Ethical Corporate Management
- Climate Change
- Human Rights
- Stakeholder Engagement
Environmental Achievements
- Reduced CO2e emissions by 5,269 metric tons through energy saving projects, saving NT$31.65 million.
- Achieved 95.65% waste resource recovery rate.
- Reduced total waste quantity by 2,152 metric tons compared to 2020.
- 40.29% of paper packaging materials procurement from FSC TM certified suppliers.
Social Achievements
- Launched various employee wellbeing initiatives including dormitories, meals, health check-ups, and fringe benefits.
- Implemented employee retirement system complying with labor standards and pension acts.
- Maintained a disabling injury frequency rate of 0.43 and a disabling injury severity rate of 47.
- Average proportion of female workers was 38.44%, and among middle-level and above managers, women accounted for 22.39%.
Governance Achievements
- Established and disclosed Corporate Governance Best-Practice Principles.
- Established an internal operating procedure to handle shareholders' suggestions, doubts, disputes and litigations.
- Established internal rules against insider trading.
- Implemented annual board performance evaluation.
- Regularly evaluated the independence of CPAs.
Climate Goals & Targets
- Reduce GHG emissions to 80% of 2005 levels (189,000 tons of CO2e) by 2025.
- Reduce water consumption by 15,000 m3 annually through water-saving projects.
Environmental Challenges
- Supply chain pressures due to the COVID-19 pandemic and volatile raw material prices.
- Rising raw material prices, particularly for imported goods.
- Intense competition in the food industry.
- Long-term shortage of raw milk.
- Climate change risks (physical and transition risks).
Mitigation Strategies
- Optimized organizational structure and risk control mechanisms.
- Strengthened supply chain management and procurement capacity.
- Increased investment in R&D for product innovation and differentiation.
- Expanded raw milk sources and improved milk quality control.
- Developed alternative sourcing strategies.
- Adopted TCFD-aligned disclosure and management framework to assess climate change impacts.
- Developed short-, medium-, and long-term governance strategies for climate change issues.
Supply Chain Management
Supplier Audits: 194 supplier audits in 2021; 186 rated excellent (95.8%)
Responsible Procurement
- Supplier Code of Conduct
- Sustainability requirements in sales contracts
- ISO 22000/FSSC 22000 certification for raw material and food contact packaging suppliers
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
Transition Risks
- Regulatory changes
- Market shifts
Opportunities
- Development of energy-efficient products and green energy management
Reporting Standards
Frameworks Used: GRI, TCFD
Certifications: ISO 14001, ISO 45001, ISO 22000 / FSSC 22000 (for 180 suppliers), ISO/IEC 27001 (Information Security)
Third-party Assurance: PwC Taiwan (limited assurance)
Sustainable Products & Innovation
- Products with reduced additives and environmentally friendly packaging.
Awards & Recognition
- Top 25 International Brand in Taiwan (2021)
- 2021 traditional manufacturing and realty industry Awards of TCSA
- 2021 Social Inclusion Awards of TCSA
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Reduced single-use plastics by 58.8 metric tonnes through the "bring your own cup" initiative (12.18% of consumers participated).
- Reduced energy consumption by 116.9 million kWh, equivalent to 59,524 metric tonnes of carbon emissions.
- Reduced food waste by 9,780.15 metric tonnes through the "iLove Food" campaign.
- Reduced average waste generated per store by 5.80%.
- Antong store in Tainan became the first convenience store to obtain the "Near-Zero Carbon Building" label.
- Achieved ISO14064-2 certification for micro-carbon offsets.
Social Achievements
- Expanded the application of the circular economy by building a "Good Neighbor Cardboard Library" with recycled cardboard boxes.
- Won the "Excellence Award for Promoting the Employment of Middle-aged and Elderly Job Seeker" from the Ministry of Labor.
- Raised NT$463 million for public welfare.
- Good Neighbor Meal Delivery Team delivered and picked up meals for 46,335 people.
Governance Achievements
- Ranked in the top 5% in the 8th Taiwan Corporate Governance Evaluation System for the eighth consecutive year.
- Re-listed by the Dow Jones Sustainability Index (DJSI) for the Sustainability World Index for 4 consecutive years.
- Achieved a score of A- from CDP (Carbon Disclosure Project) on climate change questionnaires.
- Officially became a TCFD supporter.
Climate Goals & Targets
- Phase out single-use plastics by 2050.
- Achieve net-zero emissions by 2050.
- Reduce single-use plastic to less than 10% by 2028.
- Achieve 14% renewable energy by 2030.
- Halve food waste by 2030 (compared to 2019).
- Reduce water consumption by 5% by 2025 (compared to 2019).
Environmental Challenges
- Inflation, geopolitical conflicts, and the COVID-19 pandemic impacted business operations.
- Climate change impacts, including extreme weather events, pose risks to supply chains and operations.
- Rising raw material costs and potential carbon fees.
- Aging population and low birth rate impacting workforce availability.
Mitigation Strategies
- Implemented energy-saving measures in stores, reducing electricity consumption.
- Developed alternative sourcing strategies for raw materials.
- Introduced environmentally friendly vehicles for logistics.
- Expanded the recruitment of middle-aged and elderly employees.
- Developed AI order forecasting system to reduce inventory and waste.
Supply Chain Management
Supplier Audits: 100% of significant tier-1 suppliers and 100% of significant non-tier 1 suppliers
Responsible Procurement
- PCSC and PCSC Subsidiaries’ Code of Conduct for Suppliers
- Increased procurement of sustainably certified raw materials (14.12% in 2022).
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity of extreme weather events (floods, typhoons).
Transition Risks
- Potential carbon fees.
Opportunities
- Development of energy-efficient products and services.
- Transition to low-carbon transportation.
Reporting Standards
Frameworks Used: GRI Standards (2021), SASB, TCFD
Certifications: ISO 45001, ISO 14064-1:2018, ISO 50001, AA1000 Type Two High Level, TPIPAS, ISO 27001
Third-party Assurance: PwC Taiwan, SGS Taiwan, BSI Taiwan
UN Sustainable Development Goals
- SDG 2: Zero Hunger
- SDG 3: Good Health and Well-being
- SDG 4: Quality Education
- SDG 8: Decent Work and Economic Growth
- SDG 11: Sustainable Cities and Communities
- SDG 12: Responsible Consumption and Production
- SDG 13: Climate Action
- SDG 17: Partnerships for the Goals
PCSC integrates the SDGs into its operations through various initiatives, including food waste reduction, health promotion, education programs, community development, and environmental protection.
Sustainable Products & Innovation
- Veggie Selection plant-based food products
- OPEN iECO Recycled Cups Renting Service
- Intelligent automatic recycling machines
- CHIC Corporate Charity Sustainable Circular Economy Program products
Awards & Recognition
- Dow Jones Sustainability World Index listing (4 consecutive years)
- FTSE4Good Emerging Markets Index selection
- MSCI ESG Leaders Indexes and MSCI Global SRI Indexes selection
- FTSE4Good TIP Taiwan ESG Index selection
- Asia Responsible Enterprise Award (11th)
- TCSA "Ten Most Prestigious Sustainability Awards–Top Ten Domestic Companies"
- Excellence Award for Promoting the Employment of Middle-aged and Elderly Job Seeker
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environment
- Social
- Governance
Environmental Achievements
- Reduced carbon emissions by approximately 57,669 metric tonnes of carbon emissions.
- Reduced food waste by 13,723.31 metric tonnes.
- Stores reduced carbon emissions by approximately 57,669 metric tonnes.
- Overall energy-saving transition saved 116.7 million kWh of electricity
- More than 1,000 stores now offer “OPEN iECO Recycled Cups Renting Service”
- Nearly 70,000 people have used and rented cups by 2023, reducing a total of 200,000 disposable beverage cups
Social Achievements
- Launched the “Furbaby Welfare Enterprise Project”
- Increased social welfare capacity to support nearly a hundred social welfare groups, with nearly a 50%-increase in fundraising results
- 80% of the respondents to the annual Employee Engagement Survey ranged from positive to very positive.
- Ranked among the top 10% of listed companies in the Ministry of Labor’s “Healthy Workforce Sustainability Leading Enterprise”
Governance Achievements
- Linked sustainable performance to the remuneration of senior executives
- Integrated ESG into corporate culture and operations strategies
- Set up a Risk and Information Security Management Committee under the Board of Directors
Climate Goals & Targets
- Net-zero emissions by 2050
- Completely phase out single-use plastics by 2050
- Reduce plastic consumption by 30% by 2030
- Reduce food waste by 50% by 2030
- Achieve 18% sustainable raw materials by 2030
- Reduce water consumption by 5% by 2025
- Reduce plastic consumption by 10% by 2028
- Achieve 16% sustainable raw materials by 2025
Environmental Challenges
- Supply chain disruptions and inflation
- Aging population and low birthrate
- Global economic uncertainty
- Online transaction security
- Climate change
- Plastic pollution
- Food loss and waste
- Waste management
Mitigation Strategies
- Developed alternative sourcing strategies
- Implemented age-friendly employment practices
- Integrated risk management into operations
- Strengthened information security measures
- Set net-zero emissions targets
- Implemented plastic reduction initiatives
- Launched food waste reduction programs
- Improved waste management systems
Supply Chain Management
Supplier Audits: 100% of significant suppliers audited
Responsible Procurement
- UNI-PCSC’s Supplier Code of Conduct
- Agreement on Ethical Corporate Management and Corporate Social Responsibility
- ESG assessment for new suppliers
- Prioritization of sustainably-certified raw materials
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Changes in rainfall patterns
- Sea level rises
Transition Risks
- Regulatory changes (carbon fees)
- Changes in consumer preferences
- Increase in raw material/product costs
Opportunities
- Development of low-carbon products and services
- Adoption of more efficient transportation methods
- Incorporation of circular economy
Reporting Standards
Frameworks Used: GRI Standards (2021), SASB, TCFD
Certifications: ISO 45001, ISO 14064-1:2018, ISO 50001, AA1000 Type Two High Level, TPIPAS, ISO 27001
Third-party Assurance: PwC Taiwan, SGS Taiwan, BSI Taiwan
UN Sustainable Development Goals
- Goal 2: Zero Hunger
- Goal 3: Good Health and Well-being
- Goal 4: Quality Education
- Goal 8: Decent Work and Economic Growth
- Goal 11: Sustainable Cities and Communities
- Goal 12: Responsible Consumption and Production
- Goal 13: Climate Action
- Goal 17: Partnerships for the Goals
The report details how various initiatives contribute to these SDGs.
Sustainable Products & Innovation
- Veggie Selection
- Low-carbon rice
- Products with reduced saturated fat, trans fat, sodium, and sugar
- Products with FSC-certified packaging
Awards & Recognition
- Dow Jones Sustainability World Index (5 consecutive years)
- FTSE4Good TIP Taiwan ESG Index
- Taiwan RAFI® EMP 99 Index
- Corporate Citizen Award (CommonWealth Magazine)
- TCSA Most Prestigious Sustainability Awards
- Top 10% high-performance enterprises in the “Healthy Workforce Sustainability Leading Enterprise”
- Top 50 CommonWealth Talent Sustainability Award
- Social Empowerment Award (Enterprise Asia)
- ESG Award in ESG Integrated Performance (Global Views Monthly)
- Platinum Report Award (TSCA)
- MSCI ESG Leaders Index
- CDP A-score leader on climate change questionnaire (2 consecutive years)