Taiwan Green Business


Taiwan's governance has gradually enhanced its policies on green business to set the 2050 net zero goals in motion. This includes an over NT$ one trillion investment in green businesses in 2019. This increased the motivation for both foreign and original businesses to adopt sustainable practices and innovate in eco-friendly technologies. In line with global efforts, Taiwan has outlined its dedication to the policy "Taiwan’s Pathway to Net-Zero Emissions in 2050", which emphasizes industrial, energy, and lifestyle transformation. Taiwan's green business has rapidly expanded to align with the nation's net-zero goals. Key areas of focus include the development of green energy, such as solar power and wind power, which have received a great amount of investment and shown significant growth. With advantages promoting both private and public eco-friendly projects, green financing has become an important way of promoting sustainable growth. The government's support of technology R&D and innovation has further urged the growth of green technologies, fostering new opportunities for businesses alike to establish.  Through these efforts, Taiwan is gradually transitioning into a low-carbon nation, and Taiwan's green businesses further prospered under this trend.  


Laiwa Company became one of the most successful companies in the recycling industry. They focus on recycling waste to make new products. For example, they recycle rice husks or coffee grounds to make hangers. Even though they can all be made into hangers, the hangers' properties can vary by different materials. Not only hangers; they recycle clothing fibers to make bags and coasters. In addition, they use fishing nets to make sunglasses. As all the products showed, Laiwa Company is an expert in recycling waste to make new products; the innovative technology and ideas made Laiwa Company unique and a responsible green business. 

ESG


ESG (Environment, Social, Governance) is a system known for helping investors understand whether a company is sustainable and has the potential for long-term success in terms of the environment, social impact, and governance. Companies can evaluate their own sustainability using ESG, which focuses on many areas such as waste materials, green energy initiatives, treatment for society, business ethics, governance transparency, and much more. This system directly responds to the requirements of equality and diversity, to create a healthy environment where all organisms may survive in good condition. With this system, companies get positive forces for doing more research, finding more solutions, and also influencing worldwide companies to foster collaboration between partnerships. As for Laiwa company, in October 2024, the team held a market fair where companies shared and sold their products. The fair title, "New possibilities in application designs of materials", is connected to the ESG goals. 
At the fair, people could experience first-hand and attempt to use waste materials to make small products. 20 sustainable brands joined the fair to come out with new ideas to fulfill the ESG goals and put effort into the environment. Moreover, there were workshops where company CEOs shared their work and products, focusing on the topic of corresponding the 4 seasons with agriculture, looks, craftsmanship, and tradition. This action of Laiwa significantly showed their dedication to making the environment a better place, and also to bring this challenge and message to more people around the world. Our team believes that this action of Laiwa would make the world a better place, where waste becomes new resources, individuals become more inspired to create a better future, and sustainable actions become a habit.