Loyalty Founder Enterprise Co., Ltd.
Climate Impact & Sustainability Data (2023)
Reporting Period: 2023
Environmental Metrics
ESG Focus Areas
- Environmental Protection
- Occupational Safety and Health
- Corporate Governance
- Ethical Management
- Sustainable Development
Environmental Achievements
- Completed ISO14064-1 greenhouse gas inventories on December 31, 2023.
- Established and maintained a comprehensive system of environmental management (ISO14001, RBA system and OHSAS18001)
- Actively promoting the reuse of eco-friendly and renewable materials and fully introduced the requirements that all products must be eco-friendly and meet the RoHS of the EU and customers.
Social Achievements
- Women accounted for an average of 52% of employees in 2023, and the average percentage of female executives among senior executives was 55%.
- Held a fire drill on July 14, 2023, and a health checkup was conducted on October 6, 2023.
- Established an Employee Welfare Committee responsible for employee benefits.
Governance Achievements
- Established the Sustainable Development Committee in June 2023.
- Established the “Regulations for Evaluation of the Performance of the Board of Directors” and conducted a regular evaluation of the performance of the Board of Directors.
- Established the “Procedures for Ethical Management and Guidelines for Conduct”.
Climate Goals & Targets
Long-term Goals:
- Net zero emissions (implied, through commitment to science-based reduction path)
Medium-term Goals:
- Not disclosed
Short-term Goals:
- Not disclosed
Environmental Challenges
- Rising material and labor costs worldwide resulting in declining profits.
- Major brand manufacturers demanding faster and more comprehensive delivery services.
- Global economic slowdown in 2023, coupled with weaker business environment and high inflation.
Mitigation Strategies
- Enhance process improvement.
- Adjust the number of weeks of material inventories based on the development of the product life cycle.
- Strengthen capabilities in market assessment and development.
- Adopt a solid and conservative approach for foreign exchange management.
- Strengthen production management to reduce manufacturing and quality costs.
Supply Chain Management
Responsible Procurement
- Strict environmental compliance extending to the supply chain sources of our materials.
- Suppliers must be certified as qualified before conducting any transaction and must continue to be evaluated regularly for compliance with relevant EICC requirements.
Climate-Related Risks & Opportunities
Physical Risks
- Increased severity and frequency of extreme weather events
Transition Risks
- Increased energy costs
- Increased carbon reduction equipment construction costs
- Decreased revenue due to the transfer of customers
- Transition to low-emission technology resulting in increased low-carbon technology transformation costs
- Supply chain pressure from carbon tax
- Competition pressure from carbon tax
Opportunities
- Reduced paper usage
- Development of low carbon products and services
- Service process adjustments such as paperless workflow
- Enhanced corporate image and market capitalization
Reporting Standards
Frameworks Used: IFRS
Certifications: ISO 9001, ISO 14001, OHSAS 18001, ISO 14064
Third-party Assurance: Deloitte Taiwan