2024/02/21
In response to the global trend of ESG sustainability standards, the machinery industry is actively moving towards green development. Hsiao Wen-Long, President of Forwell Technology Group and Executive Director of the Taiwan Association of Machinery Industry, stated that as the industry faces urgent challenges that require innovation, upgrades, and technological breakthroughs, machinery-related businesses are dedicated to energy conservation, carbon reduction, and the use of environmentally friendly and recyclable materials to achieve ESG goals.
Under the impact of carbon tax policies, Hsiao pointed out that the promotion of ESG will inevitably accelerate. Although domestic machinery manufacturers are currently in a reactive state, some companies are already taking proactive measures, especially in the development of energy storage equipment, which has become a key focus in the ESG movement. The production process of energy storage equipment can effectively reduce defect rates, improve yield rates, and lower carbon emissions. While energy storage equipment is currently more expensive, it is expected to play a crucial role in energy conservation and carbon reduction once it becomes more affordable in the future.
Hsiao emphasized that when promoting ESG and energy conservation measures, the machinery industry should focus on seven key areas for improvement and goal setting: technological innovation and upgrades, production process optimization, renewable energy application, supply chain greening, employee training and engagement, carbon footprint measurement and reporting, and carbon neutrality goal setting. He also reminded that ESG is a long-term sustainability initiative that requires gradual implementation over time and cannot be achieved overnight. Companies should plan based on their circumstances and execute according to the plan.
Forwell Group has already planned to invest in the development of low-carbon automated quick mold change systems and the redesign of related components, while also striving to create a production environment that meets carbon tax reduction standards. This ensures that all products in the series meet energy-saving and carbon-reduction requirements, helping to achieve ESG goals.
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