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 33 is higher than 94% 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 2023, Far Eastern New Century Corporation (FENC) reported a total of approximately 1,822,000,000 kg CO2e in Scope 1 and 2 emissions, reflecting a 25% reduction from 2020 levels. The company has set ambitious targets to further reduce its greenhouse gas emissions, aiming for near-zero Scope 1 and Scope 2 emissions by 2025. Additionally, FENC has committed to a 30% reduction in both Scope 1 and Scope 2 emissions from 2020 levels by 2030. For Scope 3 emissions, FENC has also pledged to achieve a 42% reduction by 2030 from a 2022 baseline. This commitment aligns with the Science Based Targets initiative (SBTi) and is consistent with the reductions necessary to limit global warming to 1.5°C. The company is actively working towards these targets as part of its broader climate strategy, which includes a long-term commitment to net-zero emissions across all scopes by 2050. FENC's production processes, particularly in petrochemicals, polyester, and textiles, have specific emissions factors, with approximately 250 kg CO2e per tonne for petrochemicals, 150 kg CO2e per tonne for polyester, and 740 kg CO2e per tonne for textiles. These figures highlight the company's focus on reducing emissions across its operations while maintaining transparency in its environmental impact.
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| 2020 | 2021 | 2022 | |
|---|---|---|---|
| Scope 1 | 1,272,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 1,160,000,000 | 0,000,000,000 | 000,000,000 |
| Scope 3 | - | 0,000,000,000 | 0,000,000,000 |
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.
