Far Eastern New Century

Far Eastern New Century's reported carbon emissions

Far Eastern New Century (TW), a prominent company in the Textiles (17) industry, has demonstrated a strong commitment to climate action, as evidenced by its emissions data and reduction targets. For the reporting year 2024, Far Eastern New Century reported a total of approximately 12.9 billion kg CO2e in greenhouse gas emissions. This figure is comprised of approximately 934 million kg CO2e from Scope 1 emissions, approximately 664 million kg CO2e from Scope 2 (market-based), and approximately 11.3 billion kg CO2e from Scope 3 emissions. Key contributors to their Scope 3 emissions include purchased goods and services (approximately 6.7 billion kg CO2e) and processing of sold products (approximately 2.8 billion kg CO2e). Looking at historical data, in 2023, the company's total emissions were approximately 13.4 billion kg CO2e, with Scope 1 accounting for approximately 1 billion kg CO2e, Scope 2 (market-based) for approximately 806 million kg CO2e, and Scope 3 for approximately 11.5 billion kg CO2e. In 2022, total emissions were around 15.1 billion kg CO2e, with Scope 1 at approximately 1.16 billion kg CO2e, Scope 2 (market-based) at approximately 869 million kg CO2e, and Scope 3 at approximately 11.9 billion kg CO2e. In 2021, total emissions were approximately 12.3 billion kg CO2e, with Scope 1 at about 1.34 billion kg CO2e, Scope 2 (market-based) at about 1.015 billion kg CO2e, and Scope 3 at about 8.98 billion kg CO2e. Far Eastern New Century has established ambitious climate commitments. Based on a 2020 baseline, the company aims for a 30% reduction in Scopes 1 and 2 greenhouse gas emissions by 2025 and a 50% reduction by 2030, with an ultimate goal of achieving net-zero emissions by 2050. Further demonstrating their dedication, Far Eastern New Century has committed to reducing absolute Scope 1 and 2 GHG emissions by 42% by 2030 from a 2022 base year. This commitment also extends to a 42% reduction in absolute Scope 3 GHG emissions within the same timeframe. Additionally, they aim to reduce energy consumption per unit of production by 20% by 2030 from the 2020 baseline. The company also aims to peak Scope 1 and 2 GHG emissions by 2029.