Far Eastern New Century Sustainability Profile
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 77 is higher than 88% 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 12.9 billion kg CO2e. This total comprises 934 million kg CO2e from Scope 1, 664 million kg CO2e from Scope 2, and about 11.3 billion kg CO2e from Scope 3 emissions. The company has set ambitious targets to reduce its carbon footprint, aiming for a 30% reduction in Scope 1 and Scope 2 emissions from 2020 levels by 2030, with a further commitment to achieve net-zero emissions by 2050. FENC's near-term targets, approved by the Board of Directors in 2022, include a 42% reduction in absolute Scope 1 and 2 emissions by 2030, using 2022 as the baseline year. Additionally, the company aims to reduce Scope 3 emissions by the same percentage within the same timeframe. As part of its climate strategy, FENC is investing approximately NT$19.4 billion between 2022 and 2030 to facilitate these reductions, which are expected to result in an estimated 1.32 million tonnes CO2e in carbon avoidance. The company has demonstrated progress, achieving a 25% reduction in Scopes 1 and 2 emissions by 2023 compared to the 2020 baseline. FENC's commitment to sustainability is further underscored by its membership in the Business Ambition for 1.5°C initiative, aligning its targets with global climate goals.
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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 | - | 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?
How Carbon Intensive is Far Eastern New Century's Location?
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.
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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.
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