In Taiwan, according to the regulations of the Financial Supervisory Commission (FSC), listed companies with paid-in capital of NT$2 billion (US$62.5 million) or more are required to provide ESG reports starting from 2023. Additionally, all listed companies, regardless of their capital size, must disclose information according to the timeline of the sustainable development roadmap, including annual shareholder reports, prospectuses, and sustainability reports. Although we are not a listed company, we voluntarily issue our ESG report following the GRI (Global Reporting Initiative) standards, hoping to disclose our path to sustainability from both the external environment and organizational development perspectives.

Fantastic Enterprise's 2023 ESG Report Highlights Commitment to Sustainable Development and Digital Transformation

In its latest Environmental, Social, and Governance (ESG) Report, Fantastic Enterprise Co., Ltd., also known asthe affiliate of Glamoroux International, reveals substantial progress and strategic shifts that have defined its sustainability journey over the past eight years. This report underscores the company’s dedication to environmental responsibility, social empowerment, and strong governance practices that align with its mission to become a leader in circular textile manufacturing.

Evolving into a Circular Economy Leader

Fantastic Enterprise’s commitment to sustainable manufacturing includes adopting a circular approach across production, emphasizing sustainable use, responsible production, and recycling. The company has incorporated recycled and biodegradable materials, and its eco-friendly initiatives include an ISO 14067 - certified carbon footprint assessment on one of its primary products, aimed at reducing emissions throughout the production process.

Social Responsibility and Employee Empowerment

The company’s workforce is a focal point of its ESG strategy, highlighted by a gender-diverse employee profile where 90% of staff are women. Initiatives such as an equity incentive scheme provide employees with stock options and foster a shared sense of growth and accountability. To further support employee development, Fantastic Enterprise offers English and business skills training, fostering professional growth and client engagement skills. Governance and Digital Transformation Under the leadership of Jerry K. Liu, the company has integrated robust governance practices, including clear remuneration standards and an equity incentive structure. Digital transformation has also been central to Fantastic Enterprise’s success, as seen in its e-commerce expansion and improved customer engagement through digital platforms like LinkedIn and Alibaba. The company’s three-pronged strategy for e-commerce involves product development, lead acquisition, and content marketing, aligning with its mission to blend sustainability with modern business practices.

Reflecting on the Journey

Composing this report has been an interesting journey. We found it serves as a review of our transformation journey over the past few years, documenting our efforts in digitalization and decarbonization. Through stakeholder engagement, we have also realized that achieving sustainability should be continuous. This continuous effort involves adjusting external business models and, more importantly, adjusting internal mechanisms to maintain sustainable momentum.