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Responsible Sourcing

Responsible Sourcing

Welhunt supports local procurement and has established stable business relationships with local partners at each operating site and supported the development of local enterprises.

In 2022, Welhunt's local procurement in Taiwan amounted to NT$41.56 million, which marked a significant difference compared to 2021. The primary reason behind this variance is due to the restructuring and realignment of our group's operations in 2022.

We shifted the responsibility for procuring rebar-related products to affiliated companies within the group. As a result, there was a substantial adjustment in the financial figures for Welhunt’s property procurement.

At the beginning of 2023, Welhunt responded to the “Buying Power - Social Innovation Products and Services Procurement“ of the Small and Medium Enterprise Administration, Ministry of Economic Affairs and purchased hand cream from B Corporation, Cha Tzu Tang, as a gift to our employees on International Women‘s Day.

The total purchase amount was NT$273,960. While taking care of our employees, we took action to support the development of social innovation enterprises and implemented responsible procurement.

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Welhunt actively and strongly complies with the International Maritime Organization (IMO)’s new greenhouse gas emission reduction targets for 2023. When engaging in chartering operations, we proactively require shipping suppliers' vessels to be 100% compliant with the IMO's Energy Efficiency Existing Ship Index (EEXI) and Carbon Intensity Indicator (CII) regulations.

Additionally, we strive to select vessels with newer age, low-sulfur fuel usage, or better energy conversion efficiency, while still adhering to the spirit of our contracts with customers.

This approach aims to reduce greenhouse gas emissions from downstream transportation and distribution when providing services to our customers. By proactively responding to the IMO's carbon reduction regulations, we anticipate reducing the carbon emission intensity of shipping to 40% of the baseline (2008) by 2030, and to 70% of the baseline by 2050.

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