FENC’s recycled plastic yarn saves 2,800 tonnes from ocean
In 2016, the company assisted adidas and Parley for the Oceans by introducing Ocean Plastic, yarns spun from recycled PET bottles from the ocean. As of 2019, it had kept 2,810 metric tons of waste plastic from the ocean.
It said: “Our customers think very highly of the product quality we offer. In 2019, FENC is the only corporation in the world to receive adidas’ global performance awards in the Sustainability and People categories as well as North Asia performance award in the People category. Coca-Cola also presented FENC with Sustainability Award and Gold Supplier Award.”
It hit its 2019 targets for energy, water resources, air pollution and waste ahead of schedule. Furthermore, it is constructing solar power stations to promote the use of renewable energy. In 2019, it accumulated 11.15 million kWh of renewable energy.
The 2019 report presents project highlights in 5 Special Reports. In “Fighting COVID-19 and Safeguarding National Health with Advanced Deployment”, the report covers how FENC provides medical grade fibre to produce the skin-friendly inner layer of face masks and protect public health and safety. “Creating Paradigm for Circular Economy” points out FENC’s world-leading status with its rPET production capacity. “70 Years of Love, FE HAPPY GO” celebrates the 70th anniversary of Far Eastern Group with coverage on the campaign “7,000 Steps a Day”, which promotes healthful living. “Climate-related Financial Risk Assessment” charts FENC’s assessment of climate-related risks and their impact on corporate operation, the quantification of financial impacts and corresponding measures adopted. “Expansion of CSR Scope” announces the addition of 6 FENC business locations in the scope of the report, including Taiwan, Vietnam, Japan and the US.
FENC donated NT$140 million in social engagement and cash investments in 2019, an 89% increase over 2018.
