December 12, 2015, 195 countries signed the Paris Agreement to control the global average temperature. February 2016, Leonardo DiCaprio for the first time won the Academy Award for Best Actor, the winning speech was asking people to care about climate change. This is why KK Enterprise voluntarily wrote CSR reports although the Company was not on the list of 50 billion capitals that the Financial Supervisory Commission R.O.C. (Taiwan) has set.
We recognized that compliance with regulations, healthy, safety and environmental (HSE,) will increase operating costs, but all the international big players put great efforts in HSE, and even some companies set up CSO, Chief Sustainability Officer, to take responsibility.
Business is not charity. It seems these additional costs making no sense since companies must pursue maximum profitability to respond investors. However, companies cannot easily afford an accident occurring and resulting in huge losses, such as BP paid more than 20 billion US dollars for the 2010 Gulf of Mexico oil spill. The cause of the accident was just saving cement consumption but ignoring environmental and safety issues. Another example is the 2015 Tianjin explosions that more than 165 people were killed due to dangerous chemicals were illegally stored.
The international situation is unpredictable in recent years. Whether Brexit or Platform economy reminds companies cannot operate only depending on past competitive advantages. To deal with low economy growth, KK Enterprise will not only seek company transformation, but also implement CSR policy to achieve sustainable development.