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ESG

Waste Management

Waste Management

Impact of the Topic:

The waste generated during the Group's operation may impact the environment that all living beings on Earth rely on for survival and potentially affect the Group’s Corporate Image and disrupt normal business operations.

Commitments/ Policies:

To do utmost in minimizing the impact that operational processes may have on the external environment or the stakeholders, YungShin Group has established a waste management system and is committed to the proper management of waste.。

Waste Disposal Measures

YungShin Group upholds the principles of a circular economy. We have established a comprehensive and strict waste management system, which includes various waste management processes for recyclable and non-recyclable materials:

Recyclable Waste

Entrust the recycling of waste materials to resource recycling companies. This ensures that recyclable waste is reintegrated into the reuse cycle. Taking cardboard as an example, YungShin Group has established a long-term recycling partnership with its cardboard suppliers. When the suppliers deliver new goods, they also take back used cardboard for reuse and utilize recycled paper as cushioning material for shipping boxes. Waste materials with resource recovery value, such as paper (and metal) barrels, are collected and entrusted to recycling companies for recycling and reuse. The waste residues generated from the fermentation process are converted into fertilizers to support the planting of flowers and plants within the facility. This way, the Corporation achieves waste reduction goals while enhancing the beautification of the environment. In addition, the Corporation sells waste to composting firms as raw material for compost production, which not only reduces waste but also generates additional revenue, resulting in an annual waste reduction of approximately 120 tons.

Non-Recyclable Waste

The Corporation contracts qualified environmental companies for the collection and disposal of waste. We monitor the handling of waste through GPS tracking of the waste management company's activities. Certain products require the use of organic solvents in their manufacturing process. The nature of organic solvents makes them more likely to cause environmental pollution and pose health risks to operators. As a result, in collaboration with on-site and research and development teams, a portion of the manufacturing process has been replaced with water-based processes since 1997. This not only conserves resources but also ensures the health of operators and the safety of the working environment, thereby reducing environmental pollution. Additionally, by employing distillation recovery equipment and techniques, the organic solvents generated during the manufacturing process can be effectively recycled and reused. This approach significantly reduces waste, minimizes environmental harm, decreases raw material costs, and lowers production expenses, thereby achieving waste reduction objectives.

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