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ESG

Circular Economy

“Whether we and future generations can enjoy a healthy environment depends on our ability to prioritize economic goals and significantly redesign how resources are used in economic activities. We must move away from endlessly extracting valuable resources while also halting and even reversing environmental damage, returning nutrients to the environment. The key to this is adopting a resource-circular economic model, known as ‘Circular Economy.’

Circular Economy is a system that is resource-recoverable and renewable. Unlike the linear economic model of ‘extract—manufacture—consume—dispose,’ the Circular Economy follows the ‘manufacture—use—circulate’ model. It avoids pollution and waste generation from the source by redesigning, innovating business models, and enhancing resource efficiency, creating more value with fewer resources.

The Circular Economy can directly advance the economic goals within the SDGs, meet human development needs, promote social objectives, and simultaneously reduce resource demand, carbon emissions, and waste, thereby improving environmental performance.”

Environmental Protection

“Environmental responsibility refers to a company’s commitment to sustainable development and environmental protection alongside its operations. To fulfill its obligations as a global citizen and promote sustainable development, Feng An Auto Industry Company not only continues to provide high-quality, high-value, and environmentally friendly turbocharger products but also actively creates an eco-friendly factory environment focused on energy conservation, carbon reduction, and resource reuse.

Regardless of size, companies generate a significant carbon footprint during operations, and by improving operational models, regulating upstream and downstream vendors, and prioritizing renewable energy, they can minimize their environmental impact, ultimately achieving the goal of net-zero emissions by 2050.

Specific practices include:
Avoiding material waste: Transforming products into sustainable ones, such as choosing reusable materials or those with minimal environmental impact. Reducing pollution: Ensuring that wastewater and waste produced during manufacturing are properly treated before being discharged from the factory. Reducing carbon footprint/greenhouse gas emissions: Opting for renewable clean energy sources, such as solar and wind power. Optimizing processes: Increasing energy efficiency, enhancing workforce planning, reducing manufacturing costs, and minimizing waste. Carbon neutrality: Offsetting the company’s carbon emissions through other carbon reduction activities, such as tree planting.”

Social Responsibility

Equal Treatment for Customers: No discrimination based on customers’ race, sexual orientation, age, or other different backgrounds. Employee Care: Providing compensation above the minimum wage and offering benefits such as health checkups and transportation subsidies. Influence Extends to the Supply Chain: Refusal to cooperate with vendors that employ child labor or exploit workers. Honest Disclosure of Corporate Operations: Timely and complete, honest disclosure of corporate operating conditions to investors and shareholders.

Charitable Responsibility, also known as Public Welfare Responsibility or Social Participation Responsibility, refers to the voluntary use of a company’s resources and influence to give back to society through donations, mobilizing manpower, or donating materials, aiming to improve and enhance the quality of the community.

Corporate Governance

Covering topics such as company management executives, executive compensation, auditing, internal control, shareholder rights, corporate ethics, information transparency, board diversity, and corporate compliance.
Regulations: PDF on measures for the prevention, complaint, and disciplinary actions related to workplace sexual harassment, PDF on measures for the prevention, complaint, and disciplinary actions related to workplace bullying.

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