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 42 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Far Eastern New Century's reported carbon emissions
In 2021, Far Eastern New Century Corporation (FENC) reported total greenhouse gas emissions of approximately 2,386,000 kg CO2e, which included 1,340,000 kg CO2e from Scope 1 and about 5,826,000 kg CO2e from Scope 2 emissions. The company also disclosed significant Scope 3 emissions, totalling approximately 8,994,000 kg CO2e, primarily from purchased goods and services. FENC has set ambitious climate commitments, aiming for a 42% reduction in absolute Scope 1 and 2 greenhouse gas emissions by 2030, using 2022 as the base year. This target aligns with their broader commitment to achieve net-zero emissions across all scopes by 2050. The company is actively working towards these goals, reflecting its dedication to sustainable practices within the chemicals sector. In 2022, FENC's Scope 1 emissions were approximately 1,218,000 kg CO2e, while Scope 2 emissions were around 881,000 kg CO2e (market-based). The company continues to monitor and report its emissions, demonstrating transparency and accountability in its climate strategy.
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Get Started| 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 committed to some reduction initiatives 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.
