Far Eastern SOGO Department Stores Co., LTD, also known as Far Eastern SOGO, is a leading force in Taiwan’s retail sector, championing sustainability and employee well-being through a variety of impactful initiatives. The company won 3 trophies under the Social Empowerment, Investment in People, and Green Leadership categories at the Asia Responsible Enterprise Awards (AREA) 2024. This award ceremony is presented by leading regional NGO Enterprise Asia, the AREA is the most reputable award recognition program recognizing organizational efforts in creating a culture of compassion, integrity and being socially responsible corporate citizens.
Far Eastern SOGO’s approach to sustainability is multi-faceted, involving both community engagement and environmental stewardship. The Smallholders’ Exhibition, which has been held annually since 2018, highlights the company’s commitment to promoting sustainable agricultural practices and local businesses. The 2023 exhibitions attracted over 13,000 consumers and generated record spending, underscoring the event’s success in connecting consumers with sustainable products. Additionally, the launch of “SOGOplus,” an online platform dedicated to supporting Taiwanese goods and promoting the “Farm-to-table Movement,” further demonstrates Far Eastern SOGO’s dedication to sustainable practices.
In parallel with its environmental initiatives, Far Eastern SOGO places a strong emphasis on employee development and workplace safety. The company’s “Training for Success, Engaging for Growth” program is designed to enhance employee skills and engagement through various initiatives, including leadership workshops, language courses, and team-building activities. These programs are aligned with SDGs 3 (Good Health and Well-Being), 4 (Quality Education), and 8 (Decent Work and Economic Growth), ensuring that employees not only develop professionally but also benefit from a supportive and safe working environment. The company’s adherence to ISO 45001 for occupational health and safety further enhances its commitment to creating a secure and productive workplace.
In regards to climate action and green procurement, Far Eastern SOGO has also taken significant strides in climate action and green procurement. As the first department store in Taiwan to obtain carbon footprint and service carbon labels, the company has set ambitious goals for energy saving and emissions reduction. Its alignment with the TCFD framework and participation in EP100 international initiatives underscore its proactive approach to climate governance. The company’s strategies include improving energy productivity, increasing the use of renewable energy, and collaborating with suppliers on carbon reduction efforts. In 2023, Far Eastern SOGO’s revenue generated per unit of electricity reached a record high, reflecting its successful energy management practices.
Far Eastern SOGO’s initiatives have had a substantial impact on both its operations and the broader community. The company’s commitment to sustainability is reflected in its achievements, such as the successful implementation of solar panels and the formation of a carbon reduction alliance with suppliers. Internally, the company’s efforts to improve employee well-being have resulted in high levels of satisfaction and engagement, with significant enhancements in training and development programs. Externally, the company’s environmental initiatives and community support programs have contributed to its reputation as a leading example of corporate responsibility in Taiwan.
Through its comprehensive approach to sustainability, employee development, and climate action, Far Eastern SOGO demonstrates a holistic commitment to positive impact. By integrating community support with robust environmental and workplace strategies, the company not only advances its business goals but also contributes significantly to broader societal and environmental objectives. As Far Eastern SOGO continues to lead by example, it sets a high standard for both the retail industry and corporate entities seeking to balance profitability with social and environmental responsibility.
About Enterprise Asia
Enterprise Asia is a non-governmental organization in pursuit of creating an Asia that is rich in entrepreneurship as an engine toward sustainable and progressive economic and social development within a world of economic equality. Its two pillars of existence are investment in people and responsible entrepreneurship. Enterprise Asia works with governments, NGOs, and other organizations to promote competitiveness and entrepreneurial development, uplifting the economic status of people across Asia and ensuring a legacy of hope, innovation, and courage for future generations. Please visit https://www.enterpriseasia.org/ for more information.
About Asia Responsible Enterprise Awards (AREA)
The Asia Responsible Enterprise Awards program recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship in the categories of Green Leadership, Investment in People, Health Promotion, Social Empowerment, Corporate Governance, Circular Economy Leadership, Corporate Sustainability Reporting, and Responsible Business Leadership. For more information, visit https://enterpriseasia.org/area/.