As the degradation of global warming and the increasing value of environmental consciousness, the concept of Sustainable Development of ecology and environmental protection gains more attention day by day. This exploratory study is a case study adopting interviews with representative case-Yuen Foong Yu Paper Manufacturing Corporate. Based on the interviewing result as well as the secondary data, the study analyzes the actions of green mission and probes into the relation between Green environmental protection practices and competitive advantage of the corporate. Eight propositions are induced and leads to two conclusions. First, the cultivation of green and environmentally friendly corporate culture exceeds in the future green trend and further makes changes in industry game rules with creating the ecology sustainable market or green industry. Second, the low-pollution environment protection actions such as the promotion of waste reduction in the manufacturing process the recycling of waste materials put the corporate in a cost-down leading role. At the same time, the corporate substantially realizes the objective of reducing the carbon through energy conservation and practices the corporate social responsibility to protect the environment, creating differentiation competitive advantage on product and service via merging green mission into product innovation design, manufacturing process innovation, and recycling innovation.