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12 SHOW DAILY DAY 2
bike week
Taiwanese bike companies
share ESG data
recent issue of BRAIN country does not require
shared how Taiwanese companies to use standardized
A bike companies are methods to compile their
faring in terms of ESG. As numbers, which may explain
so many things do in the why some figures vary so
United States, the concept wildly from company to million), while Giant's was manufacturing employee in
of Environmental, Social, company. NT$92 billion. 2022 will be $23,679 (TWD
and Governance reports has BRAIN shared data from Water use is also closely $761,078).
sparked an economic/cultural reports from six Taiwanese watched. Giant reported the The cost of benefits
debate. companies that are primarily use of 2.8 million tons of water, per employee ranged from
In Taiwan, however, bike suppliers and are traded far above the others even when NT$571,000 (Lee Chi) to
ESG reports provide some on the Taipei stock exchange. compared to its revenues. The NT$1,509 (KMC).
useful information. Analysts second biggest user is Merida, The percentage of female
in Taiwan have noted that the Environmental at a reported 121,000 tons. executives ranged from 8%
European Union is planning In terms of waste produced, (Lee Chi) to 42% (Ideal).
to impose carbon tariffs on [It is important to note Giant reported 26,300 tons, As a percentage of
imports beginning in 2026. that only Giant stated that its more than ten times the figure revenue, occupational injuries
While the details of that tax figures were ISO-certified by reported by Merida, the second ranged from zero (Ideal, KMC,
are still being worked out, it is a third-party company. Sun largest waste producer. Neither and SunRace) to 0.74% at Lee
good business for exporters to Race and Ideal did not provide company declared if water Chi. Giant had a rate of 0.47%,
start measuring—and actively Scope 3 data, so only 1-2 are use or waste produced was while Merida had a rate of
reducing—carbon emissions in included.] certified. 0.15%.
particular. Carbon emissions are
"The collection of carbon most likely the most scrutinized Social Governance
border tariffs, also known environmental metric in ESG
as "green inflation," will reports. The Social numbers are In the G over nanc e
have a significant impact on Scope 1 accounts for a simpler measurements. The category, Taiwan's stock
Taiwan's manufacturing-based company's direct emissions, average cost of employee exchange is gathering data
industries, according to Lee while Scopes 2 and 3 account benefits, the average salary on the number of independent
Chi Enterprises' 2022 annual for emissions caused by of all employees and non- directors, the number and
report. According to the brake the company's activities but executive employees, the percentage of seats held by
and component manufacturer, emitted by other companies. median salar y of non - women, the ratio of directors
EU tariffs will make "carbon With 34,700 tons of executives, the percentage meeting a required number of
reduction no longer an option CO2e emissions for Scopes of female executives, and training hours, and the number
for enterprises but a must for 1 and 2, Giant's emissions the number of occupational of investor conferences held.
future competitiveness." dwarf those of the competition. accidents are all factors Lee Chi leads the pack,
Western companies' ESG Merida came in second with considered. with four of the seven directors
reports, on the other hand, 6,800 tons. Giant is the largest Non-executive salaries being female. Sun Race came
are a showcase for corporate company in the report, and in ranged from $16,000 (TWD next, with three of its nine
design experts and content terms of tons of CO2e emitted $835,733) per year at Lee directors being female. Then
producers, with colorful slides per million dollars in revenue, Chi to nearly $31,000 (TWD came Merida (3 out of 13), KMC
and infographics. However, in Giant trails chain manufacturer $996,386) at KMC (September (1 out of 7), and Giant (1 out of
Taiwan, companies are only KMC, brake/component 22, 2023 exchange rates). 11). Ideal, which has the highest
required to enter numbers into manufacturer Lee Chi, and Sun Lee Chi is the only company percentage of female executives
24-row spreadsheets that they Race. in which non-executive (42%), has no females on its
file with the stock exchange. Sun Race had the lowest employees earn more than the seven-member board.
Taiwan required annual total emissions of the six company average. Last year, Giant held 12
reports beginning last year, companies, with 1,128 tons. According to Taiwan's investor conferences, KMC
with the second year's reports However, its revenue last year Mini st r y of L ab o r, t h e held 100, and everyone else
published in late June. The was only NT$244 million ($7.8 average annual salary for a held one.
