Far Eastern Group Sustainability Profile
Far Eastern Group, also known as FEG, is a prominent conglomerate headquartered in Taiwan (TW), with significant operations across Asia and beyond. Established in 1954, the company has evolved into a key player in various industries, including textiles, petrochemicals, telecommunications, and retail. FEG is renowned for its innovative core products and services, particularly in the production of synthetic fibres and advanced materials, which set it apart in the competitive landscape. The group has achieved notable milestones, such as expanding its market presence and diversifying its portfolio, solidifying its position as a leader in the Asian market. With a commitment to sustainability and technological advancement, Far Eastern Group continues to drive growth and excellence across its diverse business sectors.
DitchCarbon Score
How does Far Eastern Group's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Far Eastern Group's score of 24 is lower than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Far Eastern Group's reported carbon emissions
In 2023, Far Eastern Group reported total carbon emissions of approximately 1,592,707,000 kg CO2e, comprising 662,523,000 kg CO2e from Scope 1 and 930,184,000 kg CO2e from Scope 2 emissions. This marks an increase from 2022, when total emissions were about 1,374,882,000 kg CO2e, with Scope 1 emissions at 568,811,000 kg CO2e and Scope 2 emissions at 806,071,000 kg CO2e. Despite the increase in emissions, Far Eastern Group has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The company does not report Scope 3 emissions, which typically encompass indirect emissions from the value chain. The emissions data is not cascaded from any parent organisation, indicating that these figures are independently reported by Far Eastern Group. The company continues to monitor its carbon footprint, but further details on specific climate pledges or reduction strategies are currently unavailable.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 568,811,000 | 000,000,000 |
| Scope 2 | 806,071,000 | 000,000,000 |
| Scope 3 | - | - |
How Carbon Intensive is Far Eastern Group's Industry?
How Carbon Intensive is Far Eastern Group's Location?
Far Eastern Group's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Far Eastern Group has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
