TAIPEI, Taiwan, Sept. 17, 2018 /PRNewswire/ -- Building on its recent commitment to 100% renewable energy TCI, headquartered in Taiwan, shared their progress at the Global Climate Action Summit in San Francisco on September 14.
TCI was honored to speak at a session hosted by the World Resources Institute (WRI) on the growth of renewable energy in emerging economies. Globally the production price for solar and wind energy keeps declining. In Taiwan this economics shift has helped to manifest a goal of 5.5 GW of wind energy by 2025.
Traditional manufacturing contributes to air and water pollution, but TCI believes green energy is the solution.
"Environmental responsibility remains a strategic focus at TCI," said Vincent Lin, TCI's chairman. "Manufacturers have a clear role to play. It's not just about cost saving, it's about creating a cleaner world for our customers and their families," Lin said.
TCI has committed to sourcing 100 percent of its energy from renewables by 2030, with an interim target of 30 percent by 2020. This year, due to a sizeable investment, they anticipate reaching 25 percent renewable energy by year end.
They intend to reach this goal through purchasing renewable energy and developing new solar plants. Taiwan's new T-REC program enables TCI to selectively purchase renewable energy from the grid, sending a strong signal of support across the island.
At the event, TCI noted that achieving this goal is not without challenges. Emerging countries face strong economic pressure, and the cost ratio for renewables has not shifted everywhere. Taiwan still uses 95% fossil fuel energy, and despite a generous feed in tariff (FIT) policy gaps remain.
To close that gap Remi Lee, TCI's chief sustainability officer, called for closer collaboration with government and the private sector. "Right now, there just aren't enough RECs in Taiwan. We are serious about renewables, ready to invest, but it takes time to bring these projects online".
As part of their overall strategy they recently opened the world's first green factory for cosmetic facial masks that earned a LEED Gold ranking. Its cleaner operations reduce energy demands by 65 percent, decrease water consumption by 30 percent and reduce carbon emissions by 30 percent. Solar panels on top of the facility further reduce energy demand. Efficient environmental designs, such as this factory will help TCI to achieve its 100 percent renewable goal, Lee said.
"When we first started, big brands encouraged us to develop green products, now we are the ones pushing them to adopt more sustainable practices", Lee said after the event. TCI works closely with brands in the planning process, using its combined marketing strategies and extensive experience to develop effective products with intuitive features to meet consumers' demands. As customers demand more responsible production, TCI looks forward to collaborating with its partners and clients to meet this critical need.
"TCI feels very honored to stand on stage and share not only our experience but about renewable energy in Taiwan. Things are changing quickly, ten or twenty years ago nobody could have imagined this progress. We look forward to inspiring more change across the manufacturing sector, brands aren't alone in driving sustainability, factories and white-label manufacturers can lead too".
TCI Co, Ltd, was founded in 1980, and now has more than 600 employees worldwide and is a core partner of more than 350 brands across 42 countries. TCI is a large contract manufacturer of dietary supplements, functional beverages, and skin care. We deliver a total solution from concept design to manufacturing. TCI's products can be found in several dozen countries globally, joining and delighting the lives of hundreds of millions of people. The company strives to develop more effective products to make the world more beautiful for people and nature.
As a member of the RE100 initiative, international companies pledge to use only renewable energy. In so doing, TCI is among Google, Ikea, Apple, and other corporations as they shift their traditional electricity production to alternative clean sources. Besides being the first from Taiwan, TCI is one of a few contract manufacturers to join. The company's action shows awareness of a changing landscape for sustainability, with environmental stewardship throughout the supply chain.
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