ESG Section

Our Effort

Our ESG Policy

Formosan Brothers is committed to mitigating climate change by decreasing the environmental impact of our operations while prioritizing human rights and diversity. We align with Sustainable Development Goals, promoting responsible business practices and supporting relevant NGOs. Leadership ensures gender diversity and oversees our ESG Task Force. At Formosan Brothers, we integrate ESG principles to drive sustainable growth and contribute to positive societal change.

ESG Practices:Environmental
• Measure emissions (including part of Scope 3) and analyze the data
• Set emissions reduction targets
• Energy saving
• Resource saving (paper, plastic, etc)
• Replace plastic disposal material with sustainable material (e.g. cup)
• Green procurement
ESG Practices:Social
• Diversity, inclusion& equity: over 40% lawyers as well as 60% staff are women
• Create an LGBTQIA and women-Friendly workplace
• Publish articles on ESG
• Participate in ESG-related NGOs, seminars and conferences
• Employee welfare committee
• Company trip
ESG Practices:Social
• Flexible working hours
• Weekly afternoon tea for all employees
• Coffee bar
• Subsidy for employee health screenings
• Taxi fare subsidy of working late
• Subsidy for employee training
• Social club funding
ESG Practices:Governance
• Managing Partners are committed the ESG policy
• 3 of 5 Managing Partners are women as well as the Director
• ESG Task Force
• Privacy policy
• Workplace Anti-harassment Policy

Governance

Sustainability is what Corporate Governance 3.0 has repeatedly emphasized. How can a company declare its determination to investors through its sustainability report? Are there any aspects that should be paid attention to and emphasized in the report? In addition, if there is any inaccuracy, will the directors and supervisors be held responsible? With practical experience, our firm will advise companies to grasp opportunities and respond to risks. In addition, the firm also provides guidance to score points for the corporate governance evaluation indicators.

Energy Sustainability

The share of renewable energy in Taiwan is expected to rise rapidly, and the energy industry and electricity market are at a critical stage of "transition". "Energy sustainability" encompasses the promotion of renewable energy development, the deployment of energy storage systems, electric vehicle ecosystems, as well as the promotion of net-zero emissions and carbon inventories. It is necessary to integrate various decentralized energy resources, use intelligent digital technology and develop emerging business models. Therefore, the demand for legal services for the Electricity Act, Renewable Energy Development Act and the Climate Change Response Act (draft), as well as their related acts and regulations is increasing and diversified.
We are highly professional in the field of energy law and have been invited to join the Taiwan Industry-Academia Technology Alliance for Energy Digital Transformation (TAEDT https://www.taedt.com) as a member. TAEDT is an alliance service team to build an ecosystem for Taiwan's energy digital transformation and to enhance Taiwan's overall competitiveness. For us, TAEDT is an industry-academia-technology platform that actively brings together various stakeholders, including software and hardware developers, manufacturers and application vendors, data collection and application vendors, government think tanks, industry associations, consortia, non-profit organizations, and other groups related to the energy industry, to link each other and create a win-win situation.

Climate Change

Climate change will have a profound impact on the future of mankind. In this regard, domestic and foreign countries have formulated corresponding laws to guide enterprises and people. Our team can advise (multinational) companies to capture the legal risks related to climate change, advise companies to detect possible system loopholes, and provide appropriate legal compliance planning solutions. ESG represents environmental, social, and corporate governance, respectively, emphasizing that in addition to the traditional business operation outlook, it also takes into account the company's response to social and environmental responsibilities, and promoting sustainable social development through investment in improving social and environmental. Global warming, climate anomalies and pollution, gender equality, and labor disputes are all part of the scope of ESG discussions. The impact of these discussions related to society, the environment, and even corporate governance may not be able to directly reflect from the company’s financial statements, but because it is closely related to everyone in the society, the final result will be fed back to the enterprise and become an issue that the enterprise should properly face.

ESG represents environmental, social, and corporate governance, respectively, emphasizing that in addition to the traditional business operation outlook, it also takes into account the company's response to social and environmental responsibilities, and promoting sustainable social development through investment in improving social and environmental. Global warming, climate anomalies and pollution, gender equality, and labor disputes are all part of the scope of ESG discussions. The impact of these discussions related to society, the environment, and even corporate governance may not be able to directly reflect from the company’s financial statements, but because it is closely related to everyone in the society, the final result will be fed back to the enterprise and become an issue that the enterprise should properly face.

All ESG Post