Practitioner of Resource Cycle and Environmental Sustainability

Taiwan, where we are located, has relatively limited natural resources, with approximately 72.44% of raw materials imported. According to a report by the Ellen MacArthur Foundation, 55% of global carbon emissions are related to energy, while 45% are associated with product manufacturing. Of the carbon emissions in the manufacturing process, 55% can be reduced through techniques like carbon capture, while the remaining 45% requires reduction through circular economy approaches. As a result, governments worldwide are actively demanding carbon emissions reductions from businesses. In March 2022, Taiwan released the "Taiwan 2050 Net Zero Emissions Pathway and Strategy Overview," accompanied by 12 key strategies to implement the net-zero transition goal. Among them, the 8th key strategy is "Transition to a Fully Circular Economy and Move towards a Zero Waste Era." Embracing the principles of sustainable resource cycle, Taiwan aims to promote sustainable consumption and production, enhance resource efficiency, and add value to waste in three directions to achieve the net-zero target by 2050.

Waste management represents the final phase of the circular economy. As a leading environmental services company in Taiwan, ECOVE has long been committed to integrating the latest waste treatment and energy production technologies to achieve comprehensive resource utilization of non-renewable waste. Over the past three years, ECOVE has annually converted an average of 2.5 million tons of waste into energy (Energy from Waste, EfW), which is equivalent to replacing 550,000 tons of fossil fuels. Additionally, over 98% of the resulting bottom ash is sent for reuse. Advanced regeneration technologies are employed to annually recover and reuse approximately 15,000 tons of low-concentration waste byproduct, specifically known as isopropyl alcohol (IPA), generating over 3,000 metric tons of low-carbon recycled goods for the market. Furthermore, the volume of wastewater treated amounts to 26.85 million metric tons. In response to the government's net-zero policy, ECOVE has initiated comprehensive carbon inventories and external verification for its consolidated subsidiaries since 2022. It continues to align with the government's net-zero policy and strives towards the objectives of sustainable consumption and production, improved resource efficiency, and value-added waste treatment.

Pass the BS 8001 Audit

ECOVE's business revolves around the core principles of the circular economy, continuously improving and optimizing resource cycling efficiency in waste management, recycling, and renewable energy sectors. To implement the development and business model of the circular economy, ECOVE adopted the BS 8001 standard for the circular economy since 2017, starting with waste management and gradually extending its scope to encompass the entire business domain. In 2020, the Company further included energy from waste (EfW), renewable energy source, and recycling in the audit criteria, applying for BS 8001 certification under the framework of "Integrated Innovation and Efficiency Enhancement in Resource Cycling Services." The audit results confirmed the highest maturity level and optimization in innovation, certifying that ECOVE meets the standards of the circular economy across all business areas. Through optimized resource management, ECOVE enhances economic, environmental, and social benefits, increasing the recycling and utilization rates of each resource, as well as Resource Cycling EfficiencyTM, thereby aligning with and implementing the principles and models of the circular economy across all business doma ins.