FENC makes strides towards net zero
Taiwanese performance textiles manufacturer Far Eastern New Century (FENC) has published its 10th Sustainability Report, covering 2022, in which it shows it has reduced greenhouse gas emissions by 14% compared with the baseline year 2020.
The company aims to reduce 20% of GHG emissions by 2025, 40% by 2030 and reach net zero by 2050.
In March 2023, FENC issued its first Task Force on Climate-related Financial Disclosures Report and submitted the commitment letter to the Science Based Targets Initiative (SBTi), joining the global community on the march towards net zero.
During 2022, FENC launched a special project on human rights management, expanded the coverage of the FENC Human Rights Policy, established a community engagement policy and implemented human rights due diligence.
For two consecutive years, the company received HR ASIA Best Companies To Work For In Asia Award, and during the reporting year, FENC was honoured with Enterprise Asia’s Asia Responsible Enterprise Award in the Investment in People category.
