Three Green Actions to Build a Low-carbon and Environmental-friendly Department Store
三大綠色行動 打造低碳營運環保百貨
Far Eastern Department Stores Ltd.
INTRODUCTION
Facing the risks of global climate changes, Far Eastern Department Stores, the leading department store in Taiwan, implements the spirits of “eco-friendly operation and environmental protection”, starting from the details of daily operations. FEDS takes six major sustainable actions to enhance green value, including energy conservation for carbon reduction, green consumption, smart property management, green transportation, green building, and green space maintenance. FEDS proactively creates a culture of green operations, implementing the environmental protection spirit of low-carbon operations, and looking forward to increasing green values for society with practical actions. FEDS is committed to creating a win-win relationship between department store operations and environmental sustainability, achieving the goal of low-carbon operations. FEDS would be a sustainable and fashionable department store and lead the sustainable development trend within the industry.
FRAMEWORK AND STRATEGY
FEDS added green elements into the details of department store operations to implement the concept of environmental sustainability. In order to reduce carbon emission and promote energy saving by setting up four management indicators to achieve the goal of saving 1-2% of electricity yearly. Next, promoting green consumption through products and services, FEDS has principles of three R’s and three E’s in the consumption process and implements ten initiatives for green consumption to improve the sustainable use of resources and to change the world with consumption power. Lastly to conduct intelligent mobile inspection to boost mall technology, the Company set up the smart logistics app for smart store management and imported the concept of smart IoT applications into the asset and equipment management of department stores.ACHIEVEMENT AND IMPACT
Through energy-saving strategies, FEDS reduced power consumption and electricity costs effectively. Therefore, FEDS can reduce the operating costs by more than 10% and increase operating profits about TWD 400 million per year. Approximately 1.5% conservation in electricity, equivalent to 2.83 million kWh in 2019. Not only that, the Company imported ISO 50001 energy management system and “real-time energy performance indicator system”. Moreover, a solar power system with an annual solar energy produced of 40,000 kWh was set up. Subscribed to 30 T-REC totaling 30,000 kWh and a 16% reduction in products packaging. Additionally, over 116 environmental education activities were held for the public in the past three years. Over the course of the years, FEDS upgraded their car park management system, reducing 3.852 million parking tickets. Lastly, from 2015 to 2018, there was zero waste growth and a 20% growth in paper recycling in 2019.FUTURE DIRECTION
As stakeholders increasingly pay attention to issues such as green environmental protection and ecological environment, FEDS takes the core of the enterprise as the starting point and adds green environmental protection elements into every step of the department store operation process. At the same time, FEDS continues to implement six green actions in the products and services and connects upstream suppliers, downstream consumers, and communities among the industrial chain. The Company would do its best in creating green value as large as it can in the sustainable value chain. FEDS would be a sustainability and fashion department store and lead the sustainable development of the industry.
As the benchmark for domestic listed department stores, for 53
years, Far Eastern Department Stores has been continuing to
grow innovatively. The Company integrates department stores,
hypermarkets, shopping centers, and supermarkets to be the
most unique and complete large-scale retail group cross Taiwan
and China.
