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:::   Message from the Top Management

Message from the Top Management

          The COVID-19 epidemic continued in 2021. However, for Taiwan, where the epidemic was relatively mild and stable, carbon issues were the more shocking focus for the industry. In July, 2021, the EU announced a Carbon Border Adjustment Mechanism (CBAM), and in November of the same year, it was announced that the fossil fuel era came to an end at the COP26 (the 26th UN Climate Change Conference). President Tsai has also announced the goal of Net Zero by 2050 several times. All of a sudden, “carbon sink”, “carbon credits”, “carbon neutrality”, and “carbon pricing” all become must-know keywords for enterprises. The transformation of business model in response to climate change will dominate the survival and development of the future for enterprises.

            In such an environment with drastic changes, Taiwan Sugar Corporation, with its clear vision of “Becoming a benchmark enterprise in health and green industries in Asia-Pacific Region” that is in line with the trend, is able to grasp the direction and find opportunities while working on its diversification under the dual impact of post-epidemic era and carbon reduction. Agriculture, green energy, and circular economy will remain the core of TSC’s business.


New agriculture and circular economy are business opportunities that take into account both the environment and resource sustainability

          Agriculture is the foundation of Taiwan Sugar Corporation, and it is also the base of the national economy and people’s livelihood. It is our goal to improve traditional agricultural technologies and establish a high-value supply chain. We have assisted the government to promote eco-friendly agriculture, solved production-and-sales problems, and encouraged more young people to engage in agriculture by releasing some self-operated farms, planning organic farming zones, leasing organic farmland, providing contract farming projects, and producing and selling organic fertilizers. In addition, TSC has continued to renovate traditional pig farms into modern and intelligent pig houses combined with solar PV energy generation and biogas power generation for waste reduction and water conservation since 2020. Coupled with the recycling of waste, TSC has promoted the upgrading of domestic livestock industry, constructing a high-quality industrial chain.

            The benefit of waste reduction from circular economy is one of the important ways to implement carbon reduction. Therefore, for the energy consuming construction business that requires large amounts of materials, we have firstly introduced the concept of circular economy and built intelligence circular housing for rent only and not for sale with green materials and green infrastructure to boost industrial reforms. TSC’s biological material plant also provides a solution for the high-value reuse of waste oyster shells in Taiwan, which not only solves the environmental pollution problems but also can be widely applied in additive in agriculture and animal husbandry, and what is more, it can further be developed into industrial raw materials.


Developing green energy and carbon sink are the trends for the future

          Participating in the installation of solar PV energy is part of TSC’s resource activation. In addition to installing charging piles at gas stations, parking lots, and hotels to provide green energy services, TSC also uses its land assets to assist with the government’s energy transformation by providing unfavorable farming land and detention ponds for free to set up large-scale solar PV energy generation fields. In addition, the development of biomass energy is also an opportunity for business transformation. Carbon reduction can be reached by using the fermentation of pig manure and urine for biogas energy production. Furthermore, the afforestation in the vast plain area is also the source for carbon sink storage.


Land is the advantageous resource TSC can make good use of 

          Land resources are important for the implementation of government policies and assistance with industrial development. Taiwan Sugar Corporation works in line with various major government policies to provide land for industrial parks and cooperate with county and city governments for the development of industrial parks. In addition, TSC also provides local governments with land for the construction of social housing and residential houses for senior citizens. Furthermore, the closed factory areas are restored and reused for cultural assets preservation or leased to or co-developed with the public sector under preferable conditions. TSC builds houses to satisfy the demands for house buying in the urban area or leasing needs for students, and the company also constructs the elderly residence close to hospitals and medical schools to provide the senior citizens with a safe living space and diverse services. For the afforestation in the vast plain areas, after the government subsidies expire, we will make diverse use of the afforestation land in accordance with its ecological value and soil conditions.


Implementation of corporate social responsibility is part of sustainable management 

          Faced with various changes in the economic environment, TSC also cares for local groups and helps organize educational, cultural, and sports activities, relief for the elderly and disabled, emergency relief, and other public welfare activities. Long-term actions have also been taken to support local agriculture. To support the farmers impacted by the epidemic and suffered from hindered export, we successively purchased a total of 43,572 kilograms of agricultural products, including pineapples, Aiwen mangoes, pomelos, and Atemoya during March, 2021 and February, 2022, with the total value of NTD 3.674 million. We set additional sales areas of these agricultural products at our self-operated bases and also shared them at our gas stations as gifts once the customers spend over a certain amount of money. Moreover, TSC continues to pass on warmth to our diplomaticalliance, Honduras, by purchasing coffee from small-scale farmers in the highlands and constructing three middle schools, which were successively completed, to improve the incomes of local farmers there and education in remote areas in Honduras.   


          The epidemic of COVID-19 changed the lifestyles and patterns of work and consumption. It has become imperative for carbon reduction to control the global temperature increase within 1.5℃, making corporate sustainable management more challenging and difficult, and requiring faster responses. TSC faces the mainstream issue of sustainability in a prudent manner. We give full play to our own advantages and incorporate the SDGs into our business strategies to contribute to the sustainability of Taiwan.

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