Far Eastern New Century
Far Eastern New Century Corporation (FENC), headquartered in Taiwan (TW), is a leading player in the textile and petrochemical industries. Founded in 1954, FENC has established a strong presence across Asia, with significant operations in China and Southeast Asia. The company is renowned for its innovative production of polyester and nylon products, as well as its commitment to sustainability through recycling initiatives. FENC's core offerings include high-performance fibres, functional textiles, and eco-friendly materials, setting it apart in a competitive market. With a focus on research and development, the company has achieved notable milestones, including advancements in biodegradable materials. As a key supplier to global brands, Far Eastern New Century continues to strengthen its market position, recognised for its quality and environmental stewardship.
DitchCarbon Score
How does Far Eastern New Century'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 Textile Manufacturing 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 New Century's score of 74 is higher than 93% 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 New Century's reported carbon emissions
In 2024, Far Eastern New Century Corporation (FENC) reported total greenhouse gas emissions of approximately 12,890,000,000 kg CO2e, with emissions distributed across various scopes: 934,000,000 kg CO2e for Scope 1, 664,000,000 kg CO2e for Scope 2 (market-based), and 11,289,000,000 kg CO2e for Scope 3. The company has set ambitious targets to reduce its emissions, aiming for a 30% reduction in Scope 1 and Scope 2 emissions from 2020 levels by 2030, and to achieve near-zero emissions for both scopes by 2025. FENC has also committed to a significant reduction in its Scope 3 emissions, targeting a 42% decrease by 2030 from a 2022 baseline. This commitment aligns with the Science Based Targets initiative (SBTi) and reflects the company's broader strategy to achieve net-zero emissions by 2050. In 2023, FENC reported a 25% reduction in Scope 1 and 2 emissions compared to the 2020 baseline, demonstrating progress towards its near-term goals. The company is investing approximately NT$19.4 billion between 2022 and 2030 to support these carbon reduction initiatives, which are expected to result in an estimated 1.32 million tonnes CO2e in carbon avoidance. FENC's comprehensive approach to emissions reduction underscores its commitment to sustainability and climate responsibility within the chemicals sector.
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| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 1,272,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 2 | 1,160,000,000 | 0,000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 8,994,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Far Eastern New Century is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
