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Textile Manufacturing
TW
updated 8 days ago

Far Eastern New Century Sustainability Profile

Company website

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.

74

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.

15

Industry Benchmark

Far Eastern New Century's score of 74 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.

94%

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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 a significant 11,289,000,000 kg CO2e for Scope 3. The company has set ambitious targets to reduce its emissions, committing to a 42% reduction in absolute Scope 1 and 2 emissions by 2030 from a 2022 baseline, alongside a similar 42% reduction for Scope 3 emissions within the same timeframe. FENC's previous year's emissions in 2023 were approximately 11,531,000,000 kg CO2e, with Scope 1 emissions at 1,016,000,000 kg CO2e and Scope 2 emissions at 806,000,000 kg CO2e (market-based). The company has also achieved a 25% reduction in its Scope 1 and 2 emissions by 2023 compared to the 2020 baseline. The corporation aims for net-zero emissions by 2050, with interim targets including a 30% reduction in Scope 1 and 2 emissions by 2025. FENC is investing approximately NT$19.4 billion between 2022 and 2030 to support these carbon reduction initiatives, which are aligned with the Science Based Targets initiative (SBTi) standards. Overall, FENC's climate commitments reflect a proactive approach to managing its carbon footprint, with a clear focus on significant reductions across all scopes of emissions.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20202021202220232024
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
-
0,000,000,000
00,000,000,000
00,000,000,000
00,000,000,000

How Carbon Intensive is Far Eastern New Century's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Far Eastern New Century's primary industry is Textiles (17), which is medium in terms of carbon intensity compared to other industries.

How Carbon Intensive is Far Eastern New Century's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Far Eastern New Century is in TW, which we do not have grid emissions data for.

Far Eastern New Century's Scope 3 Categories Breakdown

Far Eastern New Century's Scope 3 emissions, which decreased by 2% last year and increased by approximately 26% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 60% of Scope 3 emissions.

Top Scope 3 Categories

2024
Purchased Goods and Services
60%
Processing of Sold Products
25%
Downstream Transportation & Distribution
5%
End-of-Life Treatment of Sold Products
4%
Fuel and Energy Related Activities
3%
Upstream Transportation & Distribution
2%
Capital Goods
2%
Employee Commuting
<1%
Waste Generated in Operations
<1%
Upstream Leased Assets
<1%

Far Eastern New Century'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 New Century has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Far Eastern New Century's Emissions with Industry Peers

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•
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Reliance Industries

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•
Other business services (74)
Updated 7 days ago

Taiwan Mobile

TW
•
Post and telecommunication services (64)
Updated 10 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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