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Sustainable Governance

We are committed to establishing a strong corporate governance system, complying with laws and regulations at all of our locations, and implementing honest and ethical business practices. We are committed to building a corporate culture based on integrity and accountability. We will continue to implement the highest standards of business integrity at the operational level while formulating an effective governance mechanism to fulfill LCY's social responsibilities.

To this end, we have established the ESG Sustainability Strategy Committee (ESG SSC), as well as the four key cross-functional working groups that fall under the committee: Green Transformation, Social Inclusivity, Employee Care, and Corporate Governance. These working groups bring together teams from sales, R&D, and manufacturing sites to collaborate on carbon reduction targets to mitigate climate risks. The ESG SSC has set mid-term targets to reduce carbon emissions by 30% by 2030 and long-term targets to achieve net-zero emissions by 2050. These targets have been approved by the Board of Directors. The ESG SSC remains committed to advancing green transformation and will consistently refine and evaluate ESG issues and strategies as part of its ongoing progress.

Innovation Pul: Reel in Top Talent & Inspire Change

LCY is strategically positioned within five key industries. We collaborate with industry stakeholders to address the needs and challenges facing each sector's progress. Through the exploration of material reconstruction possibilities, we aim to provide a portfolio of solutions to current and potential issues. With R&D centers in Nanzih, Kaohsiung, and San Diego, California, we empower a global network of top-notch researchers to seize opportunities for transformative change through their expertise and dedication.

Innovations grounded in sustainability necessitate the continuous development of fundamental chemical research, material innovation, chemical engineering/scale manufacturing, and business development. This relies on close collaboration among interdisciplinary talents, including those in chemistry, materials, chemical engineering, sales and marketing, analysis, and measurement.

We cultivate LCYers' sensitivity to global meta-trends and markets to appropriately adjust internal project proposals, incentive programs, and assignment structure. We continue to expand the space for LCYers to be creative so that the innovative cycle of experimentation, implementation and execution can become the cornerstone of changing the world.

In terms of "innovation pull", LCY is focused on diversifying its feedstock (bio-based, recycled), refining process/manufacturing technology, and improving the suitability of materials in various fields.

  • Performance polymers: RACO w/ NX8000, TPV, Renewable Polypropylene, Circular Polypropylene
  • Rubber: Compounds
  • Electronics materials: TCAA/TCA, 5g resins
  • Copper foil: customized thin foil
  • Biosciences: bio-succinic acid, carotenoids

Economic Nudge: Option Creation & Leading the World to the Optimal Decision

LCY emulates the ecosystem and adapts a cyclical mindset. We incorporate the concept of "nudge" from behavioral economics. By restructuring options for resource utilization, the business model is shifting from "selling" to "product as a service (PaaS)." This, in turn, enables the industry chain to use better resources and generate less waste.

As a crucial materials supplier, LCY recognizes that building new business models necessitates collaborative efforts across the entire supply chain – from upstream to downstream and end-users. The approaches involve initiatives such as "efficiently recycling reusable raw materials from end-users," "expanding the supply chain for bio-based materials," and "recycling by-products," among others. Consistently scrutinizing existing models for continuous improvement and creating better options is the only way to facilitate optimal decisions.

In terms of economic nudge, LCY provides users a variety of circular economy options. For example, realizing chemical leasing (TBC) that achieves a cradle-to-cradle approach or offering technological services that support the creation of a circular economy.

  • Performance Polymers: Establishing PCR cycle
  • Elastomers: Full footwear recycling solution
  • Electronics Materials: EIPA Dual Cycle Circular Economy Model
  • Copper Foil: recycle 100% waste copper wire
  • Industrial Solutions: DIBK by-product, MBR
  • Biosciences: food packing recycling, fashion waste recycling (Bio-Cycle Economy)