Makalot Sustainability Report - We Better The World
Makalot Industrial Co., Ltd.
Project Commitment to Sustainable Development Goals (SDGs)
SUSTAINABILITY OBJECTIVES
“We Better The World” is Makalot’s ultimate goal on its path towards sustainability. The company aims to become among the leading groups in the Asia textile industry that comply with international ESG standards. Alongside the target most countries set in COP26, Makalot plans to reach Net Zero in 2050 as well.To realize this ambition, it has devised two key strategies: energy transition and the promotion of renewable energy. Achieving circularity is another vital challenge that the company must strive to reach its sustainability Mission.
In the social aspect, Makalot has the objective to enhance its employees’ well-being by providing a safe and inclusive work environment while also fostering continuous learning and development opportunities. Furthermore, the company engages in community development initiatives that support local communities, and disadvantaged families to promote social well-being.
Besides that, Makalot shoulders the responsibility of leading its supply chain partners. With its influence, it will pave the way for a fully green supply chain that is sustainable and profitable. The company will contribute all its efforts to make the textile industry better and contribute to a more ecologically-minded world.
BENCHMARK AND STRATEGIES
Makalot is committed to reducing the impact of its operations on the environment and has planned a roadmap to reach Net Zero in 2050 by implementing various strategies. These are environmental management, green energy transition, and energy saving. The company also promotes environmental education for the younger generation to one day take over the responsibility of protecting the land and the environment, making future living more sustainable.The company aspires to return the support and good graces received by those that supported the company to achieve its success today. For the betterment of society, Makalot is committed to helping disadvantaged families and children, cultivating industry talent, and pursuing industry sustainability as well as the common good. In addition, Makalot has always adhered to the business philosophy of “Everyone is involved, advancing with the times”.
Upholding the core values of Integrity, Team, and Sharing, in collaboration with all its employees, Makalot aims to build a sustainable enterprise that fosters a sense of belonging among its employees. It believes that the continuous growth of the company is closely tied to providing its employees with diverse learning and development opportunities. Through systematic learning and career planning, every employee can achieve a better position when their abilities grow constantly in their work.
The governance of the company is upheld by the principles of integrity and transparency that function to strengthen operational capabilities, talent, and organizational development while also pursuing sustainable growth.
STAKEHOLDERS’ ENGAGEMENT
Through the process of materiality analysis, Makalot masters key sustainability topics to understand its stakeholders’ level of concern in various issues. It engages in self-examination regarding the effectiveness of corporate sustainability promotions within the organization. To this end, the company follows the GRI Standards to construct a standardized process for analyzing material topics and distributing questionnaires to stakeholders every two years.In terms of topic identification, this year’s report adopts internal topics such as climate-related risks faced by the business in its operations. Externally, it adopts current international sustainable development standards and trends, customer requirements and specifications, and so on. The five major identification steps are as follows: Establish a Communication Audience, Collect Sustainability Issues, Survey Stakeholder Evaluations & Impact on Future Decisions, Determine its Importance to Makalot’s Operations, and Analyze the Materiality.
DISCLOSURE AND CREDIBILITY
This sustainability report complies with the “core option” of the GRI Standards issued by the Global Reporting Initiative (GRI). It is compiled with active reference to various industry standards and guidelines.This report is entrusted to KPMG Taiwan to provide limited assurance with respect to the selected indicators, based on the Rules Governing the Preparation and Filing of Sustainability Reports by TWSE Listed Companies issued by the Taiwan Stock Exchange Corporation and the GRI Standards published by the Global Sustainability Standards Board (GSSB).
With a culture of integrity, team, and sharing, Makalot Industrial Co., Ltd.
(Makalot) has broken away from the conventional commerce framework and
consistently creates new business models. The company currently occupies a
key position in the global value chain and aims to become the best integrated
service provider in the fashion industry.
