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Promoting Circular Economy

In response to the international trend of energy transition and the government's 5+2 Innovative Industries Plan, Taipower has listed the circular economy as one of its key projects for promoting sustainable operations. The Company has pledged to create efficient and sustainable energy resource utilization with circular mindset and to implement the concept of circular economy, and carry out two dimensions of establishing a circular economic business model and improving resource efficiency to promote various circular economic measures. The Company hopes to transform from the linear economic mindset of the past into a circular economic model that gives increased consideration to sustainable development.

Taipower’s Short, Medium and Long-Term Environmental Policy Goals

 
Strategy |
Focus on circular innovation
Key strategic dimension |
Establish a circular business model
Short-term goal - by 2021
Medium-term goal - by 2025
Long-term goal - by 2030

Inventory of potential circular materials and development of a feasible business model pilot

Implement the circular resource supply model

Establish a circular economy system

In order to better implement its environmental policy commitments, Taipower held an Expert Advisory Commission in October 2020. The commission conducted in-depth discussions on the Taipower circular economy strategic framework and promotion plan for product service applications. Considering the unique circular economy mindset of the power industry, Taipower needs to explore the possibility of constructing a recycling loop from planning and design, resource procurement and power manufacturing infrastructure to power supply, sales, services, and to the final stages of disposal and reclamation. The strategic blueprint framework of the circular economy starts with energy and resources. In terms of energy, Taipower specializes in and continuously strives to optimize the efficiency of power generation, transmission, and distribution, and gives consideration to the development of power reclamation.

 

In terms of resources, power infrastructure is Taipower's largest asset. The concept of circular construction is being incorporated into the design, procurement, construction, maintenance, operation, and decommissioning of relevant infrastructure and generation equipment. Taipower used the events of its “Environment Month” in May 2021 to disclose the strategic blueprint framework to the public (see p.10 of the special issue of this report). To implement a circular economy within Taipower, the Company has produced more than 20 action plans through hosting a World Café event in May 2021. In the future, it will combine these plans with the circular economy strategy framework to create a circular economy action plan.

Circular Economy World Café
Circular Economy World Café

Circular Economy World Café

 

In 2021, Taipower hosted World Café events for the first time. The event mainly targeted internal employees as the key communication group. The purpose of the events was to break the vertical management structure and use a horizontal communication mode to assemble supervisors of all units and systems above the team leader rank. In a relaxed, but focused atmosphere, the ideas and intelligence of employees from all units were brought together to produce a Taipower circular economy action plan. In the future, Taipower expects the World Café model to become a fixed feature of communication and discussion on sustainability issues.

 

To encourage a full discussion of circular economic issues, the Chairman gave Taipower employees expectations and encouragement at the beginning of the meeting and organized several World Café education and training events to prepare staff beforehand. On the day of the World Café, Chairman Charles Huang of the Taiwan Circular Economy Network and Managing Director Niven Huang of KPMG Climate Change and Sustainable Services Asia-Pacific Region were invited, to emphasize the spirit of a circular economy and its connection with sustainability. Through the three rounds of discussions in the second half of the meeting, a condensed a circular economy action plan was produced with Taipower's characteristics and will be implemented in Taipower's future operations.

The WhimsE010 reading light

TPCreative: A Circular Economy Brand

 

The TPCreative brand was formally launched in 2019. With the circular economy as the core concept of the brand, TPCreative cooperates with professional designers that use discarded and waste materials generated during the power generation process and combined them with elements of Taipower's identity to explore the feasibility of developing cultural and creative products. Through the display and sale of these creative products, the public is able to see a different side of Taipower. This helps to narrow the distance between the Company and the public and thereby enhances the Company's corporate image. The promotion results for 2020 were as follows:

The WhimsE010 reading light

 

TPCreative launched a new product on Earth Day 2020. The WhimsE010 reading light is made with wooden beams from decommissioned electricity transmission equipment. The product name "#E010" refers to the code number for the wooden beams in Taipower's warehouse system. It was designed to provide three levels of lighting and touch control to minimize the impact of lights on the overall brightness of a space and instill new value into retired materials.

Chinese zodiac souvenirs

The Company is working with innovative designers in Taiwan to create the latest Chinese zodiac souvenirs for 2021. The souvenirs are made with coal ash from the Linkou Power Plant. The stationery was designed in the shape of buffaloes to create innovative products made with 20% coal ash and 100% Taiwanese design.

Chinese zodiac souvenirs
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