KYF
Message from the CEO
To all King Yuan Fu(KYF) staff members:
We continue to face significant global challenges. Geopolitical conflicts in Europe have not subsided and have further escalated into the Middle East region. As a company highly dependent on international markets, we need to proceed cautiously and steadily. Only by continuously strengthening our resilience can we survive in this rapidly changing environment.
At the same time, global concerns about environmental, social, and corporate governance (ESG) issues have not diminished. Sustainable development has transitioned from advocacy to action, and we must demonstrate tangible results. The urgency of this practice arises not only from regulatory and supply chain requirements but also from broader environmental needs. For us, this primarily manifests in two aspects:
First, let us focus on addressing the phenomenon of climate change together. 2023 has become the hottest year on record since meteorological statistics began, highlighting the urgency of energy conservation and carbon reduction. As a company, we should take a more proactive approach, implementing more effective measures to reduce our carbon footprint, improve energy efficiency, and introduce zero-carbon energy, thus contributing to mitigating climate change.
Second, we must address Taiwan’s demographic challenges of declining birth rates and aging population. This has already created tremendous social impact; therefore, we need to actively create a friendly and inclusive working environment to strengthen interactions with stakeholders and attract talented individuals. Talent is a crucial asset for business development and sustainability.
Over the past years, we have tirelessly worked to address these challenges.
Environmental Sustainability
In terms of environmental sustainability, we remain committed to reducing energy waste and improving efficiency. Last year, we completed major upgrades to production auxiliary equipment such as chillers and air compressors. At the same time, we formulated a green energy procurement strategy and signed contracts with suppliers, with the goal of officially switching to green energy by mid-2024, raising the company’s green energy proportion to 25%. Furthermore, we continue to increase the utilization rate of recycled materials, striving to achieve a circular economy and reduce reliance on natural resources.
Social Responsibility
In terms of social responsibility, we have established a concentric social framework, fostering positive interactions between internal employees to the local communities where our company operates. For internal employees, we have strengthened our talent sustainability program, providing comprehensive support from system design to systematic training, which includes the introduction of external professionals to share knowledge from different industries, allowing employees to absorb other knowledge while working hard. In terms of hardware, we have established recreational facilities in office areas, such as gyms and yoga studios, to enhance employee well-being. In the local community, we participate in community activities and assist vulnerable groups through donations. We organize blood donation activities and visit other local businesses, pursuing the learning and growth of the company and fulfilling our corporate social responsibility.
Corporate Governance
In terms of corporate governance, we pay close attention to the integration of company decisions with sustainability issues. Last year, we successfully implemented an internal carbon pricing system, which not only highlighted the company’s commitment to energy conservation and carbon reduction but also prompted the rapid implementation of internal energy conservation and carbon reduction proposals and the updating of carbon reduction equipment.
KYF celebrates its 45th anniversary, and in the face of numerous difficulties and challenges, we adhere to the principles of unity, persistence, and integrity, gradually growing stronger. We are grateful for the hard work and support of every employee, customer, and partner. This year, we will embed the spirit of “共好．有賰” (“共好．有賰” means “symbiotic coexistence with you and build mutual benefit as well as intergrowth between us”), which is the driving force behind our 45th anniversary, into our culture. These two Taiwanese terms not only represent KYF’s deep connection for Taiwan but also symbolize that we have gained greater strength and are ready to fully engage in a new stage of giving back to society while adhering to the commitment of “sustainable operation, circular economy, giving back to society, and caring for the earth”! Let us work together, uphold the original intention of “becoming the best company for the earth,” and jointly create a more sustainable future.
KING YUAN FU PACKAGING CO.,LTD
