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To face the issues of sustainability, many enterprises should do actions positively. By implement of carbon pricing in many countries, we will levy for carbon fee domestically, and facing the carbon reduction goal by 2030 of the government. It makes enterprises pressure to achieve net zero goal, so we should positively achieve the trends and goals.
Extreme Weather Events is still one of important risks as World Economic Forum (WEF) Global Risk Report 2024 mentioned and it needs more attention. The source of grain is also impacted by higher temperature, flood and draught. Furthermore, the risk of geopolitics increased the price of source and operating costs.
By organization reform and human resource adjustment, our operation is stabilizing. We insist integrity in operation, integrate B2C upstream and downstream and expand our products to convenience stores and supermarkets to increase value of our products. In market channel integrating, we established FWUSOW PET+ website to make customers easier shopping experience. In addition, we collaborated with Family Mart to establish Family Mart-Fwusow Store No.1, we expect to show results on our circular economy implements.
In operation management, we introduced AI, and implemented monitor system, optimizing breeding platform, automated oil dispensing system for edible oil tanks to enhance feed quality control. We press ahead energy-saving and air quality improvement plans which collaborating ESG route with National Taipei University of Technology. We still broaden the scope of greenhouse gas inventory to reduce carbon emission. In addition, we broaden Carbon Footprint Verification to our subsidiary, and added items of Carbon Footprint Label.Particularly, we installed low-carbon materials, transparency windows in the oil refinery of Taichung Harbor plant, and was awarded by first LEBR Label 1+.
For social devoting, we have held many activities for charity, including 10th Annual Cerear Table Tennis Tournament, donate money to the charity, student visits and internships. At the end of 2024, we donated the bridge made by woods in the University Pond, Xitou, which collaborated with Department of Civil Engineering NTU, The Experimental Forest, College of Bio-Resources and Agriculture and woodshop NTU. It will connect with routes around the University Pond.
We have awarded many prizes in 2024: TCSA-platinum sustainability report prize for the first time, GCSA Sustainability Report SGS sustainability award, Business Weekly Top 100 Competitive Carbon Reduction Companies, APEA 2024 Asia Pacific Enterprise Awards –Master Entrepreneur Award, 1111 Job Bank Happy Enterprise (5 consecutive years).
Looking ahead, Fwusow Industry remains steadfast in its mission to provide safe and healthy food for all. We will persist in expanding our sustainable strategies, including circular economy initiatives, digital transformation. We aspire to continue garnering support from consumers as we strive toward sustainable development.
Chairman, Hung Yau-Kuen
Chairman Letter
Fwusow Industry Sustainability Development Committee
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