About this Report of 2022

This report is the first sustainability report issued by Fudy Printing Co., Ltd, which is prepared in accordance with the 2021 edition of the GRI Sustainability Reporting Standards (GRI Standards) issued by the Global Reporting Initiative (GRI). It echoes the United Nations Sustainable Development Goals (SDGs) and aims to inform stakeholders of Fudy’s corporate governance, social and environmental performance, as well as its approach to sustainability issues.

Report Boundaries and Data

This report discloses the performance data for the economic, environmental, and social aspects for the fiscal year 2022 (January 1, 2022, to December 31, 2022). In order to ensure information completeness and comparability, some performance data is traced back to December 31, 2021, and earlier periods. The scope of this report includes Fudy Printing Co., Ltd. and its affiliated enterprises. The operational regions covered are Fudy Printing Co., Ltd. in Taiwan (referred to as “Taipei Fudy Headquarters” or “Taipei”), Fuyang Packaging Materials (Suzhou) Co., Ltd. in mainland China (referred to as “Suzhou Fuyang Plant” or “Suzhou”), and Dongguan Fuyang Color Printing Co., Ltd. (referred to as “Dongguan Fuyang Plant” or “Dongguan”). The data collection, measurement, and calculation methods disclosed in this report have been reviewed for content integrity by Fudy Sustainable Development Working Group.

The world in 2022 is not yet fully recovered from the COVID-19 pandemic and the subsequent inflation as a result of the Russia-Ukraine War. At the same time, global climate change, geopolitical issues, energy conflicts, market competition, and other changes have brought a lot of uncertainty to enterprises. In this challenging era, Fudy deeply recognizes that in addition to pursuing growth and performance, companies must also fulfill their corporate social responsibility and take proactive actions in ESG issues such as corporate governance, environmental protection, and social participation to achieve sustainable development.

Since its founding, Fudy has been upholding the core values of “integrity“ ,“care” and “sustainability.” In 2022, we introduced the RBA (Responsible Business Alliance) management system and implemented the carbon inventory verification process. The Fuyang plant in Dongguan has already completed third-party verification of “greenhouse gas and carbon emissions of products,” while the Fudy headquarters in Taipei and the Fuyang plant in Suzhou plan to compile a similar data report in 2023 which could be used as the basis and starting point for low carbon emission and formulate carbon reduction action strategies based on the results of the report to demonstrate Fudy’s commitment and determination to sustainable development.

All of us at Fudy are committed to reducing waste in our daily work. We strive to increase the use of “non-hazardous, easily decomposable or renewable raw materials” and promote innovative designs and the use of recycled materials. We prioritize reusable materials in our product manufacturing process and extend this action throughout our value chain. In 2022, we successfully transformed organic waste (such as eggshells) into bio-calcium resins to mass-produce packaging products to help customers achieve their carbon reduction goals.

In the pursuit of sustainable operations, Fudy has also placed great importance on the health and safety of its employees. We are committed to providing our employees with the occupational safety and health education and training courses, with “zero disasters and zero accidents” as our top priority. During the Covid-19 pandemic, we actively took outbreak control measures, including split operation, off-site work, and vaccination leave.

In terms of community involvement, we understand that our company’s ability to achieve sustainable development and profitability is due to the opportunities and support that society has allowed us to succeed. Therefore, with the spirit of giving back to society, Fudy has been doing its part to contribute to society through charity donations, sponsorships, and participation in community activities. However, we are also aware that there is still room for improvement, so Fudy is dedicated to giving back to the community through our field of expertise in the years to come.

In this post-pandemic era, Fudy is not only concerned with immediate benefits but also incorporates ESG into our business strategy planning to continuously improve our business operations. Sustainability requires us to work with our employees, customers, the value chain, and all stakeholders to achieve sustainable development goals and promote social and environmental co-prosperity.

Once again, we would like to thank all stakeholders for their interest, and we will continue to pursue sustainable management and take positive actions in all areas of ESG.

FUDY Printing Co. LTD.

Chairman Huang Lienfeng