Additionally, the competition and collaboration between the United States and Japan are changing rapidly in relation to China. Looking at the economy, central banks are walking a tightrope between fighting inflation and maintaining economic growth. Oil prices, stock markets, foreign exchange rates, and commodity markets fluctuate, and the momentum for global recovery remains fragile. From an environmental perspective, climate change has disrupted supply chains and ushered in the era of carbon tariffs.
Under these multiple challenges, business operations are under increasing pressure. Everest consistently reflects on environmental changes, keeps up with trends, and builds competitiveness for sustainable growth through advancements in business models. This allows the company to respond to the risks and opportunities presented by society, the environment, and the economy.
The world is suffering from the significant impacts of climate change. The net-zero trend is rapidly gaining traction. Energy conservation, carbon emissions reduction, and energy transformation have become common international goals. According to the Paris Agreement, a global review is required every five years to assess and review countries' progress in reducing carbon emissions. Before the "COP28 Climate Summit," the Global Alliance of Climate Business Leaders called on governments to invest in renewable energy and power networks. They recommended that companies set scientific emission reduction targets and increase investment in energy efficiency and carbon reduction technologies. Countries have successively put forward declarations and actions aimed at achieving "net-zero emissions by 2050."
To achieve the goal of carbon neutrality, the Chinese government has launched a "dual control of energy consumption" policy, requiring local governments to achieve annual carbon emission reductions through power curtailment measures. Taiwan has also announced a roadmap for achieving net-zero carbon emissions by 2050. Major technology companies have formed the "Taiwan Climate Alliance" to set milestones on the path to net-zero emissions and work together for the sustainable development of the planet. The era of carbon pricing is approaching, and the EU Carbon Border Adjustment Mechanism (CBAM) will be trialed in October 2023. Through investment, the green energy transition will reshape the global competitive landscape. Everest's operating bases are spread across Asia, America, and Africa.
The company has established vertically integrated smart manufacturing factories to provide innovative products that are multifunctional, sustainable, and environmentally friendly. It benefits from flexible logistics and a comprehensive product structure, leveraging the synergy of multiple production bases. Using innovative scientific and technological capabilities, Everest demonstrates its commitment to Environmental (E), Social (S), and Governance (G) sustainable management principles that prioritize environmental protection, social responsibility, and corporate governance. The company actively integrates with international sustainable development trends and follows the normative spirit of the United Nations Sustainable Development Goals (UN SDGs), incorporating the concept of ESG into its core business and operational activities. The company showcases its determination as a green enterprise through practical actions.
It responds to the global goal of achieving net-zero carbon emissions by 2050, integrates organizational resources and strengths, builds a sustainable strategic blueprint, and formulates a greenhouse gas reduction strategy. To achieve the 2050 carbon neutrality goal, Everest establishes proactive and clear transformation policies, develops carbon emissions reduction roadmaps for manufacturing processes, fuels, energy, and raw materials, and continually seeks new technologies. Collaborating with upstream and downstream partners, the company invests in creating a green, low-carbon operating model, striving to produce low-carbon, innovative, and socially beneficial products. Everest introduces the concepts of "circular economy," "green procurement," and "implementation of ESG" into its execution, from ecological design and raw material procurement to finished product shipment. The company integrates the green supply chain and invests in low-carbon energy. In terms of product technology, Everest develops new products to address carbon emissions reduction challenges.
President of Everest Textile Corporation
